03/18/91 ANNOUNCEMENT

March 18, 1991

DEPARTMENT OF TAXATION ANNOUNCEMENT

RE: A Listing of New and Obsolete/Retired Tax Forms, Instructions, and Schedules;
Errors Found on Hawaii Tax Forms As of February 28, 1991

NEW TAX FORMS, INSTRUCTIONS, AND SCHEDULES FOR 1990

1. Form N-4, "Statement of Withholding for a Nonresident
Shareholder of an S Corporation"

2. Schedule NS (Form N-35), "Hawaii S Corporation Agreement of
Nonresident Shareholder"

3. Form N-66, "Real Estate Mortgage Investment Conduit Income
Tax Return"

4. Instructions for Form N-66 - Real Estate Mortgage Investment
Conduit Income Tax Return

5. Schedule Q (Form N-66), "Quarterly Notice to Residual
Interest Holder of REMIC Taxable Income or Net Loss
Allocation"

6. Form N-756, "Enterprise Zone Tax Credit"

7. Form N-756A, "Information Statement Concerning the
Enterprise Zone Tax Credit"

8. Form N-884, "Credit for Employment of Certain New Employees"

NEW TAX FORMS, INSTRUCTIONS, AND SCHEDULES FOR 1991

1. Schedule C (Form G-45), "General Excise/Use Tax Report by
Districts"

2. Schedule C (Form G-49), "General Excise/Use Tax Report by
Districts Annual Return and Reconciliation"

3. Instructions for Schedule C (G-45/G-49) General Excise/Use
Tax Report by Districts

4. Form N-288, "Hawaii Withholding Tax Return for Dispositions
by Nonresident Persons of Hawaii Real Property Interests"

5. Form N-288A, "Statement of Withholding on Dispositions by
Nonresident Persons of Hawaii Real Property Interests"

6. Form N-288B, "Application for Withholding Certificate for
Dispositions By Nonresident Persons of Hawaii Real Property
Interest"

7. Form N-288C, "Application for Tentative Refund of
Withholding on Dispositions By Nonresident Persons of Hawaii
Real Property Interests"

8. Form N-289, "Certification for Exemption from the
Withholding of Tax on the Disposition of Hawaii Real
Property"

OBSOLETE/RETIRED TAX FORMS, INSTRUCTIONS, AND SCHEDULES FOR 1990

1. Form N-302, "Election by Small Business Corporation"

2. Instruction for Form N-302 - Election by a Small Business
Corporation

TAX FORM ERRORS

A number of errors have been found on 1990 Hawaii tax
forms issued by the Department of Taxation. The list below
reflects the errors as of February 28, 1991.

1. Form HW-16 In the instructions on the form,the
section titled "Part 11" should read
"Part II".

2. Instructions On Page 27, in the first
Form N-12 paragraph under the
section Sale of Your Home,
which reads
". . . whether or not your
bought another one.", should
read ". . . whether or not you
bought another one."

3. Schedule C Lines 30 and 31, which read ". . .
Form N-15, line 14 . . .", should read ". . .
(Form N-12/N-15/N-40) line 12 . . . ."
Form N-15,

4. Form N-13 Line 17, which reads "Tax
Credit for Solar or
Wind Energy Devices, Heat
Pumps and Ice Storage Systems
(attach Form N-157)", should
read "Energy Conservation Tax
Credit (attach Form N-157)".

5. Form N-15 Line 35, which reads "Line 32
minus Line 33
or 34, whichever applies.",
should read "Line 32 minus
Line 33i or 34, whichever
applies."

6. Schedule D-1 Line 8, which reads
"Nonrecaptured net IRC
section 1231 losses form prior
years . . .", should read
"Nonrecaptured net IRC section
1231 losses from prior years .
. . ."

7. Form N-103 On the front of the form, the
section titled
"Part IV Taxable Gain,
Postponed Gain, and Adjusted
Basis of New Home" should read
"Part V Taxable Gain,
Postponed Gain, and Adjusted
Basis of New Home".

In the Instructions, on page 2
of the form, middle column,
item D., which is titled
"Postponing Gain (Part IV).",
should read "Postponing Gain
(Part V)."

8. Form N-109 On Page 2, Schedule A, Line 1,
which reads
". . . from 1990 Form N-12,
line 30, or Form N-15, line 33
. . .", should read ". . .
from 1990 Form N-12, line 31,
or Form N-15, line 31 . . . ."

On Page 2, Schedule A, Line
2a, which reads ". . . from
your N-12, line 32h or 33; N-15,
line 35i or 36", should
read ". . . from your N-12,
line 33h or 34; N-15, line 33i
or 34".

On Page 2, in the Instructions
for Schedule A, Line 2b, which
reads "Enter amount from Form
N-12, line 35, or Form N-15,
line 38.", should read "Enter
amount from Form N-12, line
36, or Form N-15, line 36.".

9. Form N-139 Line 23, which reads "Note: . . . or
N-15, line 9.", should read
"Note: . . . or N-15, line 7."

In the Instructions, on the
back of the form, third
column, the second sentence of
item K. Reimbursements, which
reads "If your employer paid .
. . or line 9 of Form N-15.",
should read "If your employer
paid . . . or line 7 of Form
N-15."

10. Form N-141 Line 13, in the Adjusted Gross
Income table
the income line which reads
"$32,000-34,000" should read
"$32,001-34,000".

Line 16, which reads ". . .
Write the total here and on
Form N-12, line 49, or N-13,
line 19e" should read ". . .
Write the total here and on
Form N-12, line 50, or N-13,
line 19c".

11. Form N-152 Part II, Line 2, which reads
". . . enter 75%
(.75) . . .", should read ". .
. enter 50% (.50) . . . ."

12. Instructions On the back page, the third
sentence in the
Form N-152 Capital Gain Election for Pre-1975
Participation section, which
reads "If this capital gain
method is elected, enter 75%
(.75) . . . ", should read "If
this capital gain method is
elected, enter 50%
(.50) . . . ."

13. Form N-158 Line 12, which reads "Multiply line
11 by 80%
(.8)", should read "Multiply
line 11 by 90% (9.)."

14. Instructions The word "CASUALTIES" in the
title is
Form N-184 misspelled.

15. Form N-188X On Page 2, Part I, Line 6, "(if age
5 or older" should be deleted from
the heading for Column (b).

16. Instructions The Line-By-Line Instructions
for Page 1,
Form N-188X Line 2, which reads ". . . 1990 N-12,
line 30; N-15, line 32.",
should read ". . . 1990 N-12,
line 30; N-15, line 30."

The Line-By-Line Instructions
for Page 1, Line 4, which
reads ". . . 1990 N-12, line
33h; N-15, line 35i.", should
read ". . . 1990 N-12, line
33h; N-15, line 33i."

17. Form N-311 Part I, Section A, Column 1, the
last requirement that must be met,
which reads "Cannot be claimed
as a dependent by the
taxpayer", should read "Cannot
be claimed as a dependent by
another taxpayer".

18. Form G-39 The mailing address for the
Oahu District
Office is incorrect. The
correct address is:

OAHU DISTRICT OFFICE
P. O. Box 1425
Honolulu, Hawaii 96806-1425

19. Form G-45 The zip codes in the mailing
addresses of the
Oahu and the Hawaii District
Offices are incorrect. The
correct addresses are: