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Hawaii Free Printable Form N-70NP, Rev 2018, Exempt Organization Business Income Tax Return for 2019 Hawaii Exempt Organization Business Income Tax Form

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Exempt Organization Business Income Tax Form
Form N-70NP, Rev 2018, Exempt Organization Business Income Tax Return

STATE OF HAWAII—DEPARTMENT OF TAXATION FORM N-70NP (REV. 2018) EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN For calendar year • PRINT OR TYPE •   Change of Address  Name of organization Clear Form THIS SPACE FOR DATE RECEIVED STAMP 2018 or other taxable year beginning _________________ , 2018 and ending  _________________ , 20____   Amended Return (Attach Sch AMD)    IRS Adjustment    NOL Carryback A  Federal Employer I.D. No. Dba or C/O B  Unrelated business activity code(s) Mailing Address (number and street) C  Hawaii Tax I.D. No. •  ATTACH CHECK OR MONEY ORDER HERE  • Tax Computation Total Income Tax Taxable Income City or town, State and Postal/ZIP code. If this is a foreign address, see Instructions. D  This organization is a (check one):    Corporation   Charitable Trust ENTER APPROPRIATE AMOUNTS FROM FEDERAL FORM 990-T. Note: The sum of lines 1 - 5 DO NOT equal line 6. 1 Gross receipts or sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Cost of goods sold and/or operations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Capital gain net income (see Instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Other income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Total unrelated trade or business income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Total deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Unrelated business taxable income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Tax — From TAX COMPUTATION SCHEDULE on page 2, Part I, line 9. . . . . . . . . . . . . . . . . . . .  9 10 Tax — From TAX COMPUTATION SCHEDULE on page 2, Part II, line 14. . . . . . . . . . . . . . . . . . .  10 11 Recapture of Capital Goods Excise Tax Credit from Form N-312, Part II (attach Form N-312) . . . . . . . . . . 11 12 Recapture of Low-Income Housing Tax Credit from Form N-586, Part III (attach Form N-586) . . . . . . . . . . 12 13 Recapture of Tax Credit for Flood Victims from Form N-338 (attach Form N-338). . . . . . . . . . . . . . . . 13 14 Recapture of Important Agricultural Land Qualified Agricultural Cost Tax Credit (attach Form N-344). . . . . . 14 15 Recapture of Capital Infrastructure Tax Credit (attach Form N-348) . . . . . . . . . . . . . . . . . . . . . . . 15 16 Total tax (add lines 9 or 10 and 11, 12, 13, 14, and 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Total refundable tax credits from Schedule CR, line 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 Line 16 minus line 17. If line 18 is zero or less, see Instructions. . . . . . . . . . . . . . . . . . . . . . . . . . 18 19 Total nonrefundable credits from Schedule CR, line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 20 Line 18 minus line 19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 21 Credits and payments: (a) 2017 overpayment credited to 2018. . . . . . . . . . . . . . . . . . . . . . 21(a) (b) Estimated tax payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 21(b) (c) Tax paid with automatic extension of time to file . . . . . . . . . . . . . . . 21(c) (d) Total credits and payments (add lines 21(a) through 21(c)). . . . . . . . . . . . . . . . . . . . . . . . . . 21(d) 22 Estimated tax penalty (see Instructions). Check if Form N-220 is attached . . . . . . . . . . . . . . .   22 23 TAX DUE — If line 21(d) is smaller than the total of lines 20 and 22, enter amount owed (see Instructions). . . 23 24 OVERPAYMENT — If line 21(d) is larger than the total of lines 20 and 22, enter amount overpaid (see Instructions). . . . . . .  24 25 (a) Enter the amount of line 24 you want Credited to 2019 estimated tax. . . . . . . . . . . . . . . . . .  25(a) (b) Enter the amount of line 24 you want Refunded to you (line 24 minus line 25(a)). . . . . . . . . . . . .  25(b) 26 Enter AMOUNT PAID with this return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26  27 Amount paid (overpaid) on original return — AMENDED RETURN ONLY (see Instructions) . . . . . . . . . . 27 28 BALANCE DUE (REFUND) with amended return (see Instructions). . . . . . . . . . . . . . . . . . . . . . . 28 Amended Return ATTACH COPY OF FEDERAL FORM 990-T Please Sign Here I declare, under the penalties set forth in section 231-36, HRS, that this return (including any accompanying schedules or statements) has been examined by me and, to the best of my knowledge and belief, is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.    Signature of officer Date Name and title of officer  May the Hawaii Department of Taxation discuss this return with the preparer shown below? (See page 5 of the Instructions)    Yes     No This designation does not replace Form N-848, Power of Attorney. Paid Preparer’s Information Date Preparer’s identification no. Preparer’s signature Check if Print Preparer’s Name self-employed   Federal ä Firm’s name (or yours, E.I. No. if self-employed)  Phone no. ä Address and ZIP Code FORM N-70NP N70NP_I 2018A 01 VID01 ä  ID NO 01 FORM N-70NP (REV. 2018) Name as shown on return Page 2 Federal Employer Identification Number TAX COMPUTATION SCHEDULE PART I — Organizations Taxable as CORPORATIONS (See Instructions for Tax Computation) 1 Enter the amount of unrelated business taxable income as shown on page 1, line 8 . . . . . . . . . . . . . . . 2 Enter the total of other deductions (see Instructions, attach schedule). . . . . . . . . . . . . . . . . . . . . . 3 Difference — line 1 minus line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Hawaii additions to income (see Instructions, attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Sum of lines 3 and 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Enter the amount of taxable net capital gain from line 18, Schedule D (Form N-30/N-70NP) . . . . . . . . . . 7 Difference — line 5 minus line 6 (if zero or less, enter zero) . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 (a) Tax on net capital gain — 4% of the amount on line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (b) Tax on all other taxable income — If the amount on line 7 is: (i) Not over $25,000 — Enter 4.4% of line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (ii) Over $25,000 but not over $100,000 — Enter 5.4% of line 7 $ . Subtract $250 and enter the difference. . . . . . . . . . (iii) Over $100,000 — Enter 6.4% of line 7 $ . Subtract $1,250 and enter the difference. . . . . . . . . (c) Total of lines 8(a) and 8(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (d) Using the rates listed on line 8(b), compute the tax on the amount on line 5 above. . . . . . . . . . . . . . 9 Total tax (enter the smaller of line 8(c) or line 8(d)). Also, enter this amount on page 1, line 9. . . . . . . . PART II 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1 2 3 4 5 6 7 8(a) 8(b)(i) 8(b)(ii) 8(b)(iii) 8(c) 8(d) 9 — TRUSTS Taxable at Trust Rates (See Instructions for Tax Computation) Enter the amount of unrelated business taxable income as shown on page 1, line 8 . . . . . . . . . . . . . . . Enter the total of other deductions (see Instructions, attach schedule). . . . . . . . . . . . . . . . . . . . . . Difference — line 1 minus line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Hawaii additions to income (see Instructions, attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . Sum of lines 3 and 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net capital gain taxable to the trust. Enter the smaller of line 18 or 19, col. (b), Schedule D (Form N-40) . . . . Difference — line 5 minus line 6 (if zero or less, enter zero) . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter the greater of line 7 or $20,000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Using the Trust Tax Rates below, compute the tax on the amount on line 8. If line 8 is $20,000, enter $1,128 . Difference — line 5 minus line 8 (if zero or less, enter zero) . . . . . . . . . . . . . . . . . . . . . . . . . . . Multiply the amount on line 10 by 7.25%. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total of lines 9 and 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Using the Trust Tax Rates below, compute the tax on the amount on line 5 above. . . . . . . . . . . . . . . . Total tax (enter the smaller of line 12 or line 13). Also, enter this amount on page 1, line 10. . . . . . . . . N70NP_I 2018A 02 VID01 1 2 3 4 5 6 7 8 9 10 11 12 13 14 TRUST TAX RATES FOR PERIODS AFTER 12/31/01 If the taxable income is: The tax shall be: Not over $2,000 . . . . . . . . . . . . . . . . . . . . . . . . . 1.4% of taxable income Over $2,000 but not over $4,000. . . . . . . . . . . . . . . . $28.00 plus 3.20% of excess over $2,000 Over $4,000 but not over $8,000. . . . . . . . . . . . . . . . $92.00 plus 5.50% of excess over $4,000 Over $8,000 but not over $12,000 . . . . . . . . . . . . . . . $312.00 plus 6.40% of excess over $8,000 Over $12,000 but not over $16,000 . . . . . . . . . . . . . . . $568.00 plus 6.80% of excess over $12,000 Over $16,000 but not over $20,000 . . . . . . . . . . . . . . . $840.00 plus 7.20% of excess over $16,000 Over $20,000 but not over $30,000 . . . . . . . . . . . . . . . $1,128.00 plus 7.60% of excess over $20,000 Over $30,000 but not over $40,000 . . . . . . . . . . . . . . . $1,888.00 plus 7.90% of excess over $30,000 Over $40,000. . . . . . . . . . . . . . . . . . . . . . . . . . $2,678.00 plus 8.25% of excess over $40,000 ID NO 01 FORM N-70NP
Extracted from PDF file 2018-hawaii-form-n-70np.pdf, last modified September 2003

More about the Hawaii Form N-70NP Corporate Income Tax TY 2018

We last updated the Exempt Organization Business Income Tax Form in February 2019, so this is the latest version of Form N-70NP, fully updated for tax year 2018. You can download or print current or past-year PDFs of Form N-70NP directly from TaxFormFinder. You can print other Hawaii tax forms here.

Other Hawaii Corporate Income Tax Forms:

TaxFormFinder has an additional 164 Hawaii income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form A-6 Tax Clearance Application
Form N-342 Renewable Energy Technologies Income Tax Credit
Form P-64A Conveyance Tax Certificate
Sch. GE General Excise / Use Tax Schedule of Exemptions and Deductions
Form TA-2 Transient Accommodations Tax Annual Return

Download all HI tax forms View all 165 Hawaii Income Tax Forms


Form Sources:

Hawaii usually releases forms for the current tax year between January and April. We last updated Hawaii Form N-70NP from the Department of Taxation in February 2019.

Show Sources >

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Hawaii Form N-70NP

We have a total of six past-year versions of Form N-70NP in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 Form N-70NP

Form N-70NP, Rev 2018, Exempt Organization Business Income Tax Return

2017 Form N-70NP

Form N-70NP, Rev 2017, Exempt Organization Business Income Tax Return

2016 Form N-70NP

Form N-70NP, Rev 2016, Exempt Organization Business Income Tax Return

Forms 2015 - Fillable 2015 Form N-70NP

Form N-70NP, Rev 2015, Exempt Organization Business Income Tax Return

Forms 2013 - Fillable 2014 Form N-70NP

Form N-70NP, Rev 2013, Exempt Organization Business Income Tax Return

Forms 2011 - CD Fillable 2011 Form N-70NP

Form N-70NP, Rev 2011, Exempt Organization Business Income Tax Return


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