Hawaii Application for Automatic Extension of Time to File Hawaii Franchise Tax Return (Form F-1) or Public Service Company Tax Return

Application for Automatic Extension of Time to File Hawaii Franchise Tax Return (Form F-1) or Public Service Company Tax Return
Form N-755 Rev 2019 Application for Automatic Extension of Time to File Hawaii Franchise Tax Return (Form F-1) or Public Service Company Tax Return (F
Clear Form
DO NOT WRITE IN THIS SPACE
STATE OF HAWAII — DEPARTMENT OF TAXATION

FORM

APPLICATION FOR AUTOMATIC EXTENSION OF TIME
TO FILE HAWAII FRANCHISE TAX RETURN (FORM F-1)
OR PUBLIC SERVICE COMPANY TAX RETURN (FORM U-6)

N-755

Type or Print

(REV. 2019)

Name		
 Extension REJECTED. (See below
			 for reasons.)
DBA (if any)		
Federal Employer Identification Number
Mailing Address (number and street)		

Hawaii Tax I.D. No.

City, State, and Postal/ZIP Code
Check type of return to be filed:	
 Form F-1	
 Form U-6
	
(Check here   if you do not have an office or place of business in Hawaii)
1	 (a)	 I request an automatic 6-month extension of time to file the franchise or public service company tax return of the entity named above for:
calendar year 20	
 , or tax year ending	
 , 20	
	
(b)	 If this tax year is for less than 12 months, check reason:
 Initial return	
 Final return	
 Change in accounting period approved	
 Consolidated return to be filed
 Amended Return	
 First Year	
 Second Year	
 Third Year
2	
	

Does this application also cover subsidiaries to be included in a consolidated return?............................................................... Yes	
 No
If “Yes,” attach a list showing the name, address, and Federal Employer Identification Number of each member of the affiliated group of domestic
entities.

3	
	

Total tax liability for the taxable year (You may estimate this amount)............................................................ 	
NOTE: You must enter an amount on line 3. If you do not expect to owe tax,
enter zero (0) and skip lines 4a, 4b, and 4c.

3

4	

Are you paying the tax in:
4a.	 4 equal installments?.....................................  Yes     No
4b.	 12 equal installments (required for those whose total tax liability
	
exceeds $100,000)?......................................  Yes     No
	
4c.	 If line 4a is checked “Yes” — enter 1/4 of line 3 on line 4c.
		
If line 4b is checked “Yes” — enter 1/3 of line 3 on line 4c.
	
If “No” is checked for line 4a and 4b — enter the amount of line 3 on line 4c........................................ 	
	
	

4c

Pay amount on line 4c in full. Attach check or money order for full amount payable to “Hawaii State Tax Collector.” Write your Federal Employer
Identification Number, the taxable year, and Form N-755 on it. Pay in U.S. dollars. Do not send cash.
Installment Payments. — If you are making installment payments instead of paying the tax in full, use the “Franchise Tax or Public Service Company
Tax Installment Payment Voucher” (Form FP-1) to report and pay the remaining amount(s) due.

REASONS FOR REJECTION OF EXTENSION

 1.	 The request was not in this office or mailed on or before the date prescribed by law for filing this return.
 2.	 Separate requests are required for each type of tax and for each taxpayer involved.
 3.	 The tax return was not filed within the time specified by the automatic extension.
										

N755_I 2019A 01 VID01

ID NO 01

FORM N-755

FORM N-755
(REV. 2019)		

INSTRUCTIONS
1.  Purpose. — Use this form to ask for an automatic six-month extension of time to file Form
F-1 or Form U-6.
Do not request an automatic extension if you
are under a court order to file your return by the
regular due date.
The extension will be granted if you complete
this form properly, file it on time, pay with it the
amount of tax shown on line 4c and meet the
conditions indicated in item 7 of the Instructions.
In no case shall the extension be granted for
a period of more than six months beyond the due
date of the return.
2.  Where to Get Tax Forms. — Hawaii tax
forms, instructions, and schedules may be obtained at any taxation district office or from the
Department’s website at tax.hawaii.gov, or you
may contact a customer service representative
at:
808-587-4242
1-800-222-3229 (Toll-Free)
3.  When to File. — File this application on
or before the original due date of the return. If
the due date falls on a Saturday, Sunday, or legal
holiday file by the next regular workday.
You may file the applicable tax return any time
before the six-month period ends.
4.  Where to File. — Submit this form to:
HAWAII DEPARTMENT OF TAXATION
P. O. Box 1530
Honolulu, Hawaii 96806-1530
5.  How to Fill Out This Form. — Fill in the
spaces with the entity’s name, mailing address,
Federal Employer Identification Number, and Hawaii Tax I.D. No., if any. Below that indicate the applicable tax form to which the extension relates.
Note: If your mailing address has changed,
you must notify the Department of the change by
completing Form ITPS-COA, Change of Address
Form, or log in to your Hawaii Tax Online account
at hitax.hawaii.gov. Failure to do so may prevent
your address from being updated, any refund due
to you from being delivered (the U.S. Postal Service is not permitted to forward your State refund
check), and delay important notices or correspondence to you regarding your return.
6.  How to Claim Credit for Payment Made
With This Form. — Show the amount paid (line
4c) with this form on the applicable tax return.

7.  Granting of Extension. — An automatic
extension of time for filing a return shall be allowed only upon the following conditions:
(1)	On or before the due date of the return prescribed by the statute, there shall have been
paid:
(a) If you are required to pay the tax in monthly installments (i.e., if your total tax liability for
the year exceeds $100,000), one-third (equal
to four monthly installments) of the tax payable for the year;
(b) If your total tax liability for the year does
not exceed $100,000 and you are electing to
pay the tax in four equal installments, onefourth (equal to one quarterly installment) of
the tax payable for the year; or
(c) An amount equal to the tax payable for the
year.
If a payment accompanies the application for
the extension, the amount of this payment
shall be shown on line 4c.
(2)	The return shall be filed within six months
from the due date of the return prescribed by
the statute and:
(a) If you elected to pay the tax in four equal
installments, or are required to pay in monthly
installments, all installments that became due
since you filed the application for extension
shall have been timely paid; or
(b) If you did not elect to pay the tax in installments and are not required to pay the tax in
installments, the return shall be accompanied
by payment of the remaining tax liability, if any.
If the above conditions are not met, the delinquent penalty and interest will be charged on
the tax as if no extension had been granted,
i.e., the computation of delinquent penalty
and interest will relate back to the due date
prescribed by the statute.
8.  Penalties. — You may be assessed one or
both of the following penalties.
Late Filing of Return. — The penalty for failure
to file a return on time is assessed on the tax due
at a rate of 5% per month, or part of a month, up
to a maximum of 25%.
Failure to Pay After Filing Timely Return. —
The penalty for failure to pay the tax after filing a
timely return is 20% of the tax unpaid within 60
days of the prescribed due date.
These penalties are in addition to any interest
charged on underpayment or nonpayment of tax.

PAGE 2

9.  Interest. — Interest at the rate of 2/3 of 1%
per month, or part of a month, shall be assessed
on unpaid taxes and penalties beginning with the
first calendar day after the date prescribed for
payment, whether or not that first calendar day
falls on a Saturday, Sunday, or legal holiday.
10.  Consolidated Returns. — If a consolidated return is to be filed, the parent corporation
may request an automatic extension for its subsidiaries. In such case, the name, address, and
Federal Employer Identification Number of each
member of the affiliated group for which the extension is desired must be listed under item 2 on
a separate sheet. The filing of this form by a parent corporation is not considered as an exercise
of the privilege of making a consolidated return.
11.  Termination of Extension. — The Director of Taxation may terminate the automatic extension at any time by mailing a notice of termination to the entity or to the person who requested
the extension for the entity. The notice will be
mailed at least 10 days prior to the termination
date designated in the notice.

SPECIFIC INSTRUCTIONS
We have provided specific instructions for
most of the lines on the form. Those lines that
do not appear in the Instructions are self-explanatory.
Line 3. — Enter the amount of tax you expect
to owe for the taxable year.
Line 4c. — Enter one-fourth (1/4) of the
amount shown in line 3 on line 4c if you have
elected to pay the tax due in four equal installments. Section 239-7, HRS, allows the payment
of the public service company tax to be made
in four equal installments on April 20, June 20,
September 20, and December 20. Section 241-5,
HRS, allows the payment of the franchise tax due
in four equal installments. The first installment
shall be paid on or before the 20th day of the
fourth month following the close of the fiscal year
(April 20 for calendar year taxpayers). This form
has incorporated the payment of the first quarterly installment or the fourth monthly installment for
certain taxpayers whose total tax liability exceeds
$100,000 of this tax payable for the taxable year.
An extension of time to file your tax return will not
extend the time to pay your tax. Therefore, you
must pay the amount of tax shown on line 4c in
full with this form.