Instructions for Form N-346A Certified Statement of Research and Development Costs Incurred by a Qualified High Technology and Claim of the Tax Credit for Research Activities - Hawaii

Form N-346A Certified Statement of Research and Development Costs Incurred by a Qualified High Technology Business (Qhtb) and Claim of the Tax Credit for Research Activities - Hawaii

This document contains official instructions for Form N-346A , Certified Statement of Research and Development Tax Credit for Research Activities - a form released and collected by the Hawaii Department of Taxation. An up-to-date fillable Form N-346A is available for download through this link.

FAQ

Q: What is Form N-346A?A: Form N-346A is a form used in Hawaii to certify and claim a tax credit for research and development costs incurred by a qualified high technology business.

Q: What does Form N-346A certify?A: Form N-346A certifies the research and development costs incurred by a qualified high technology business in Hawaii.

Q: What is the tax credit for research activities in Hawaii?A: The tax credit for research activities in Hawaii is a credit that businesses can claim for their research and development expenses.

Q: Who can use Form N-346A?A: Form N-346A can be used by qualified high technology businesses in Hawaii to certify and claim the tax credit for research activities.

Q: What are the requirements to be a qualified high technology business?A: To be a qualified high technology business in Hawaii, the business must meet certain criteria such as having its primary business activity in research and development or being engaged in an eligible high technology business.

Q: What costs can be claimed on Form N-346A?A: The costs that can be claimed on Form N-346A include research and development expenses such as wages, supplies, and contract expenses directly related to qualifying research and development activities.

Q: How do I file Form N-346A?A: Form N-346A should be filed with the Hawaii Department of Taxation along with the business's annual Hawaii income tax return.

Q: Is there a due date for filing Form N-346A?A: Yes, Form N-346A is due on the same date as the business's annual Hawaii income tax return, which is generally April 20th.

Q: What documentation should be included with Form N-346A?A: Documentation that should be included with Form N-346A includes detailed records of the research and development costs being claimed, as well as any supporting documentation that may be required by the Hawaii Department of Taxation.