Hawaii Hawaii S Corporation Agreement of Nonresident Shareholder

Hawaii S Corporation Agreement of Nonresident Shareholder
Schedule NS Form N-35, Rev. 2018, Hawaii S Corporation Agreement of Nonresident ShareholderClear Form

Schedule NS
(Form N-35)
(REV. 2018)

STATE OF HAWAII
DEPARTMENT OF TAXATION

HAWAII S CORPORATION
AGREEMENT OF NONRESIDENT SHAREHOLDER
This agreement is to be attached to the S corporation’s return for the first year
which the corporation is subject to the provisions of section 235-128(c), Hawaii
Revised Statutes (HRS), with respect to the nonresident shareholder.

Section 235-128(c), HRS, requires S corporations to timely file this agreement for each nonresident shareholder or to pay
to the State an amount equal to the nonresident shareholder’s pro rata share of the S corporation’s income attributable to
Hawaii multiplied by the highest marginal income tax rate for individuals. The S corporation is entitled to recover from a
shareholder any such payment made on behalf of the shareholder.
If the shares of the S corporation are jointly owned, each owner must execute a separate agreement.

SHAREHOLDER

S CORPORATION

SSN/FEIN:

FEIN:

NAME:

NAME:

ADDRESS:

ADDRESS:

STATE OF RESIDENCE:

	

NONRESIDENT SHAREHOLDER’S AGREEMENT

I agree to file a Hawaii net income tax return and make timely payment of all taxes imposed
by the State of Hawaii with respect to my share of the Hawaii income of the S corporation named
above.
I also agree to be subject to personal jurisdiction in the State of Hawaii for purposes of the
collection of unpaid income tax, together with related interest and penalties.

  Taxpayer’s Signature	

Date	

This agreement is valid until revoked in writing by the nonresident shareholder.

Schedule NS
(Form N-35)
N35SCHNS_I 2018A 01 VID01

ID NO 01

Extracted from PDF file 2023-hawaii-n-35-sch-ns.pdf, last modified October 2000

Download This Form

Print This Form

More about the Hawaii N-35 Sch. NS Corporate Income Tax Nonresident TY 2023

We last updated the Hawaii S Corporation Agreement of Nonresident Shareholder in February 2024, so this is the latest version of N-35 Sch. NS, fully updated for tax year 2023. You can download or print current or past-year PDFs of N-35 Sch. NS directly from TaxFormFinder. You can print other Hawaii tax forms here.

eFile your Hawaii tax return now

eFiling is easier, faster, and safer than filling out paper tax forms. File your Hawaii and Federal tax returns online with TurboTax in minutes. FREE for simple returns, with discounts available for TaxFormFinder users!

File Now with TurboTax

Related Hawaii Corporate Income Tax Forms:

TaxFormFinder has an additional 164 Hawaii income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Hawaii N-35 Sch. NS.

Form Code	Form Name
Form N-350	Cesspool Upgrade, Conversion or Year Connection Income Tax Credit Tax Credit
Form N-35	S Corporation Income Tax Return (Rev. 2015) Tax Return
Form N-35 Sch. D	Capital Gains and Losses and Built-in Gains
Form N-35 Sch. K1	Shareholder's Share of Income, Credits, Deductions, etc Tax Credit

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 N-35 Sch. NS from the Department of Taxation in February 2024.

Show Sources >

N-35 Sch. NS is a Hawaii Corporate Income Tax form. Many states have separate versions of their tax returns for nonresidents or part-year residents - that is, people who earn taxable income in that state live in a different state, or who live in the state for only a portion of the year. These nonresident returns allow taxpayers to specify which which income is subject to the state's taxes, and which is not.

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 N-35 Sch. NS

We have a total of twelve past-year versions of N-35 Sch. NS in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 N-35 Sch. NS