Haw. Code R. § 18-235-94 - Estate and trust returns
(a) In general.
Pursuant to section
235-94(d),
HRS, the fiduciary of an estate or trust is required to file an income tax
return for the estate or trust and pay any tax liability due on the taxable
income.
(b) Filing of estate and
trust returns. The fiduciary of an estate or trust shall file an income tax
return for each taxable year, reporting income subject to taxation under
chapter 235, HRS, if:
(1) An estate has
taxable income of $400 or more;
(2)
A trust, which under its governing instrument is required to distribute all of
its income currently, has taxable income of $200 or more; or
(3) Any other trust which has taxable income
of $80 or more.
If a nonresident trust or estate is doing business in the State or has income from sources in the State, the fiduciary shall file an income tax return for the trust or estate subject to the limitations set forth in this subsection.
(c) Where to file. The return shall be filed
by the fiduciary for the taxable year with the director of taxation or designee
for the taxation district in which the residence or principal place of business
of the fiduciary is located. If the fiduciary has no residence or place of
business in the State, then the return shall be filed with the director of
taxation in Honolulu.
(d) Filing
date. The return shall be filed on or before the twentieth day of the fourth
month following the close of the taxable year and shall be accompanied by
payment of the tax liability.
Notes
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