March 7, 1994

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 March 1, 1994


NEW TAX FORMS, INSTRUCTIONS, AND SCHEDULES FOR 1993.

1. Form N-210, "Underpayment of Estimated Tax by Individuals and Fiduciaries"

2. Instructions for Form N-210 - Underpayment of Estimated Tax by Individuals and Fiduciaries

3. Form N-220, "Underpayment of Estimated Tax by Corporations and S Corporations"

4. Instructions for Form N-220 - Underpayment of Estimated Tax by Corporations and S Corporations

OBSOLETE/RETIRED TAX FORMS, INSTRUCTIONS, AND SCHEDULES FOR 1993.

1. Schedule C (Form G-49), "General Excise/Use Tax Report By Districts Annual Return & Reconciliation"

2. Schedule C Worksheet, "General Excise/Use Tax By Districts Worksheet" (used to assist in the preparation of the Schedule C (Form G-49))

TAX FORM ERRORS.

A number of errors have been found on 1993/1994 Hawaii tax forms issued by the Department of Taxation. The list below reflects the errors as of March 1, 1994.

 1.  Forms N-1 and N-1A            In the General
                                   Instructions, third
                                   column, the ZIP Code for
                                   the Oahu District
                                   Office, which reads
                                   "96811-3559", should
                                   read "96806-1530."

                                   In the 1994 Estimated
                                   Tax Work Sheet, the
                                   Caution on Line 11b,
                                   which reads ". . . is
                                   over $75,00 . . .",
                                   should read ". . . is
                                   over $75,000 . . . ." 

                                   In the 1994 Tax Rate
                                   Schedule III for Head of
                                   Household, the tax for
                                   income over $41,000 was
                                   not included and should
                                   read "Over $41,000 . . .
                                   . $3,401.75 plus 10.0%
                                   of excess over $41,000."

 2.  Instructions                  On Page 17, third
                                   column, instructions
     Form N-12                     for Line 60, which reads
                                   "If line 59 is
                                   under $1 . . .", should
                                   read "If line 60 is
                                   under $1 . . . ."

 3.  Instructions                  On Page 2, first column,
                                   instructions
     Schedule F                    for Lines 7a through 7c,
                                   Commodity
                                   Credit Corporation (CCC)
                                   Loans, which reads ". .
                                   . loan proceeds you
                                   received in 1992 . . .
                                   ", should read ". . .
                                   loan proceeds you
                                   received in 1993 . . .
                                   ."

                                   On Page 3, second
                                   column, instructions for
                                   Lines 23a and 23b, which
                                   reads ". . . enter on
                                   line 23a the interest
                                   you paid for 1992 . .
                                   .", should read ". . .
                                   enter on line 23a the
                                   interest you paid for
                                   1993 . . . ."

                                   On Page 4, first column,
                                   instructions for Line
                                   37, which reads "Any
                                   loss from this activity
                                   not allowed for
                                   1992 . . in 1993.",
                                   should read "Any loss
                                   form this activity not
                                   allowed for 1993 . . .
                                   in 1994."

 4.  Instructions                  On Page 2, third column,
                                   instructions
     Form N-152                    for Tax On Prior Year Lump-Sum
                                   Distributions, which
                                   reads ". . . add that
                                   distribution to your
                                   1992 distribution and
                                   figure your tax on Form
                                   N-152 for 1992 . . . ",
                                   should read ". . . add
                                   that distribution to
                                   your 1993 distribution
                                   and figure your tax on
                                   Form N-152 for 1993 . .
                                   . ."

 5.  Form N-153                    Line I, which reads ". . . or 
                                   Form N-13, line 19c.",
                                   should read ". . . or
                                   Form N-13, line 19e."

 6.  Form N-164                    In the title for Part II,
                                   which reads
                                   ". . . During Your 1992
                                   Tax Year", should read
                                   ". . . During Your 1993
                                   Tax Year."

 7.  Instructions                  In the Where to File
                                   section, the ZIP
     Form N-188X                   Code for the Maui District
                                   Office, which
                                   reads "96893-0913",
                                   should read "96793-0913."

 8.  Instructions                  In the Line-By-Line
                                   Instructions for
     Form N-210                    Line 8, which reads "Taxes
                                   withheld on
                                   Individual Housing
                                   Account distributions or
                                   on the disposition of
                                   Hawaii real property . .
                                   .", should read "Taxes
                                   withheld from wages, on
                                   Individual Housing
                                   Account distributions,
                                   or on the disposition of
                                   Hawaii real
                                   property . . . ."

 9.  Instructions                  In the General
                                   Instructions for Who Must
     Form N-220                    Pay the Underpayment Penalty,
                                   which
                                   reads ". . . the smaller
                                   of 65% . . .", should
                                   read ". . . the smaller
                                   of 50% . . . ."

10.  Form N-306                    On Line 12, which reads "Enter
                                   20% of
                                   line 22 . . . ", should
                                   read "Enter 20% of line
                                   11 . . . ."
 

 

/s/
RICHARD F. KAHLE, JR.
Director of Taxation