Form N-35 Schedule K-1 Shareholder's Share of Income, Credits, Deductions, Etc. - Hawaii

What Is Form N-35 Schedule K-1?

This is a legal form that was released by the Hawaii Department of Taxation - a government authority operating within Hawaii.The document is a supplement to Form N-35, S Corporation Income Tax Return. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form N-35 Schedule K-1?A: Form N-35 Schedule K-1 is a document used by shareholders of a Hawaii corporation to report their share of income, credits, deductions, and other tax information.

Q: Who needs to file Form N-35 Schedule K-1?A: Shareholders of a Hawaii corporation who have received income, credits, deductions, or other tax information from the corporation need to file Form N-35 Schedule K-1.

Q: What information is included in Form N-35 Schedule K-1?A: Form N-35 Schedule K-1 includes information about the shareholder's share of the corporation's income, credits, deductions, and other tax information.

Q: When is the deadline to file Form N-35 Schedule K-1?A: The deadline to file Form N-35 Schedule K-1 is generally the same as the deadline to file the Hawaii corporation income tax return, which is the 20th day of the fourth month following the close of the tax year.

Q: Are there any penalties for late filing of Form N-35 Schedule K-1?A: Yes, there may be penalties for late filing of Form N-35 Schedule K-1. It is important to file the form on time to avoid any potential penalties.