NEW TAX FORMS, INSTRUCTIONS, AND SCHEDULES FOR 1992. 1. G-45 Instructions, "How to Complete Your Periodic General Excise/Use Tax Return (Form G-45 and Form G-45, Schedule C)" 2. G-49 Instructions, "How to Complete Your Annual General Excise/Use Tax Return (Form G-49 and Form G-49, Schedule C)" 3. Form N-5, "Declaration of Estimated Income Tax for Estates and Trusts" 4. TA-1 Instructions, "How to Complete Your Periodic Transient Accommodations Tax Return (Form TA-1)" 5. Pursuant to Act 263, Session Laws of Hawaii 1991, the Department is finalizing certain forms relating to the new Rental Motor Vehicle and Tour Vehicle Surcharge Tax which went into effect on January 1, 1992. OBSOLETE/RETIRED TAX FORMS, INSTRUCTIONS, AND SCHEDULES FOR 1991. 1. Form N-199-DIV, "Dividends and Distributions" 2. Form N-199-INT, "Interest Income" 3. Form N-199-MISC, "Miscellaneous Income" 4. Form N-199-OID, "Original Issue Discount" 5. Form N-199-PATR, "Taxable Distributions Received From Cooperatives" 6. Form N-199-R, "Total Distributions From Profit Sharing, Retirement Plans, Individual Retirement Arrangements, Insurance Contracts, Etc. TAX FORM ERRORS. A number of errors have been found on 1991 Hawaii tax forms issued by the Department of Taxation. The list below reflects the errors as of February 19, 1992. 1. Form N-12 Line 54 which reads ". . . (see page 15 of Instructions . . .)", should read ". . . (see page 16 of Instructions . . .)." Line 58 which reads ". . . (see page 16 of Instructions) . . .", should read ". . . (see page 17 of Instructions) . . . ." 2. Instructions On Page 8, in the first column under the Form N-12 section Student Dependent, which reads ". . . had income of $2,050 . . .", should read ". . . had income of $2,150 . . . ." On Page 9, under the instructions for Line 10, item 1 in the worksheet for figuring the taxable part of your State income tax refund which reads ". . . (line 59) . . .", should read ". . . (line 60) . . . ." On page 14, the instructions for Line 48, which reads ". . . on line 61 . . .", should read ". . . on line 62 . . . ." On page 18, in the third column, references to "$2,050" should read "$2,150." 3. Schedule C Line 26, which reads ". . . (see page 23 of (Form N-12/N-15/N-40) Instructions)", should read ". . . (see page 24 of Instructions)." Lines 30 and 31, which read ". . . Form N-15, line 14 . . .", should read ". . . Form N-15, line 12 . . . ." 4. Schedule E Line 26, which reads ". . . Add royalty (Form N-12/N-15) losses from line 23. Enter . . .", should read ". . . Add royalty losses from line 23 and rental losses from line 24. Enter . . . ." The brackets in the data entry area of line 27 should be deleted and brackets inserted in the data entry area of line 26. 5. Form N-15 Line 33d, which reads ". . . (from Schedule A, line 15)", should read ". . . (from Schedule A, line 12)." Line 33e, which reads ". . . (from Schedule A, line 16)", should read ". . . (from Schedule A, line 17)." Line 33f, which reads ". . . (from Schedule A, line 17)", should read ". . . (from Schedule A, line 18)." Line 33g, which reads ". . . (from Schedule A, line 18)", should read ". . . (from Schedule A, line 19)." Line 33h, which reads ". . . (from Schedule A, line 25)", should read ". . . (from Schedule A, line 27)." Line 46, which reads "Amount of line 60 . . .", should read "Amount of line 44 . . . ." 6. Schedule A Line 3, which reads "Line 1 minus line (Form N-15) 3 . . .", should read "Line 1 minus line 2 . . . ." 7. Form N-20 On Page 1, Line 16b, which reads "Depreciation reported on Schedules A and H . . .", should read "Depreciation reported on Schedule A . . . ." 8. Form N-35 On Page 1, Lines 24 and 26, which read ". . . line 22f . . .", should read ". . . line 22g . . ." On Page 3, Line 11, which reads "c(2) Investment expenses . . .", should read "(2) Investment expenses . . . ." 9. Schedule K-1 On Page 2, Line 12e(2), which reads (Form N-35) ". . . line 12b(1) . . .", should read ". . . line12e(1) . . . ." On Page 2, Line 12e(4), which reads ". . . line 12b(3) . . .", should read ". . . line 12e(3) . . . ." 10. Schedule K-1 Line 7, column (c), which reads "Form N-12, (Form N-40) line 38 . . .", should read "Form N-12, line 39 . . . ." 11. Instructions In column 1, the NOTE, which reads Form N-141 ". . . include this amount on line 20 of Form N-15, and write 'DCB' on the dotted line next to 'Other Income'.", should read ". . . include this amount on line 7 of Form N-15, and write 'DCB' on the dotted line next to line 7." 12. Form N-165 The discussion in the CLAIM FOR TAX CREDIT section, which reads ". . . or Form N-15, line 43g.", should read ". . . or Form N-15, line 43f." 13. Form N-814 The General Instructions, third column, which reads "A separate Form N-184 must be filed . . .", should read "A separate Form N-814 must be filed . . . ." The Caution above Step 1, which reads "If more than one Form N-184 is attached . . .", should read "If more than one Form N-814 is attached . . . ." 14. All General Excise/Use The zip code in the mailing address of the Tax and Transient Maui District Office is incorrect. The Accommodations Tax correct address is: Forms MAUI DISTRICT OFFICE P. O. Box 1427 Wailuku, HI 96793-6427
/s/
RICHARD F. KAHLE, JR.
Director of Taxation