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  • Form Ta-1, Rev 2016, Transient Accommodations Tax Return. Form 2016 - Handwritable

Get Form Ta-1, Rev 2016, Transient Accommodations Tax Return. Form 2016 - Handwritable

FORM TA2 STATE OF HAWAII DEPARTMENT OF TAXATION 26 DO NOT WRITE IN THIS AREA (Rev. 2016) TRANSIENT ACCOMMODATIONS TAX ANNUAL RETURN & RECONCILIATION ! Place an X in this box ONLY if this is an.

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How to fill out the Form TA-1, Rev 2016, Transient Accommodations Tax Return online

Filling out the Form TA-1, Rev 2016, is an essential process for those involved in transient accommodations in Hawaii. This guide offers clear and supportive instructions to help you accurately complete the form and fulfill your tax obligations.

Follow the steps to successfully complete your Form TA-1 online.

  1. Press the ‘Get Form’ button to access the form and open it in the designated editor.
  2. Enter the tax year ending in the format mm/dd/yy at the top of the form.
  3. Provide your Hawaii Tax I.D. number in the designated field.
  4. Fill in your name in the specified section.
  5. Proceed to Part I and enter the gross rental proceeds from each district into Column a for Oahu, Maui/Molokai/Lanai, Hawaii, and Kauai.
  6. In Column b of each district, list any exemptions or deductions, providing explanations on the reverse side if necessary.
  7. Calculate the taxable proceeds by subtracting Column b from Column a in Column c for each district.
  8. Add the totals from Column c for lines 1 through 4 and lines 5 through 8 to determine the total amount taxable.
  9. Multiply the taxable amount by the appropriate tax rate to find the total taxes due and enter the result.
  10. Complete any adjustments for penalties or interest in the subsequent sections.
  11. Review all your entries for accuracy and make sure you have signed the declaration.
  12. Finally, save your changes, download, print, or share the completed form as needed.

Complete your Form TA-1 online today to ensure compliance and simplify your tax reporting process.

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The penalty for failure to file a return on time is calculated at 5% per month, or part of a month, on the unpaid tax up to a maximum of 25%.

Your application may be submitted online through our website at hitax. hawaii. govor through the Hawaii Business Express website at hbe.ehawaii.gov, by mail, or in person at any district tax office. You may also file your application with one of the Department of Commerce and Consumer Affairs' Business Action Centers.

Therefore, calendar year taxpayers who have a HCTAT payment due with Form TA-2, must pay on or before April 20, 2023. The HCTAT payment due is the sum of the taxable gross rental proceeds (including resort fees) and fair market rental value attributable to Hawai'i island, multiplied by 3%.

Effective November 1, 2021, the MCTAT is levied at a rate of 3 percent on every taxpayer that has taxable gross rental proceeds and/or total fair market rental value attributable to the County of Maui. The MCTAT is imposed in addition to the State TAT, which is currently levied at a rate of 10.25 percent.

Use Form TA-1, the periodic tax return, to report and pay your TAT for the period. Periodic returns must either be filed monthly, quarterly, or semiannually. Use Form TA-2, the annual tax return and reconciliation, to summarize the TAT gross rental proceeds and the taxes paid for the year.

Beginning January 1, 2022, the HCTAT is levied at a rate of 3 percent on every taxpayer that has taxable gross rental proceeds and/or total fair market rental value attributable to the County of Hawai'i.

The new online filing and payment portal will be available March 1, 2023 at https://otatpay.honolulu.gov. Credit, debit, and Automated Clearing House (ACH) payments will be accepted. A 3% convenience fee will be applied to payments made by debit or credit cards. No fees will be assessed for payments made via ACH.

Use Form TA-1, the periodic tax return, to report and pay your TAT for the period. Periodic returns must either be filed monthly, quarterly, or semiannually. Use Form TA-2, the annual tax return and reconciliation, to summarize the TAT gross rental proceeds and the taxes paid for the year.

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