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