Get Form N-35, Rev. 2023, S Corporation Income Tax Return. Forms 2023 - Fillable

Filling out the Form N-35, Rev. 2023, S Corporation Income Tax Return can be a straightforward process with the right guidance. This guide will assist you in completing each section of the form accurately, ensuring that you meet your tax obligations efficiently.

Follow the steps to complete the Form N-35 effectively.

1. Press the ‘Get Form’ button to access the form and open it in your preferred editing tool.
2. Enter the tax year information at the top of the form. Indicate whether it is for the calendar year 2023 or another tax year by filling in the required dates.
3. Provide your Federal Employer Identification Number (EIN) and Hawaii Tax I.D. Number. Also, include the name of the corporation, the 'Doing Business As' (DBA) name if applicable, and the mailing address.
4. Complete the relevant boxes regarding the nature of your return, such as whether it is an initial return, amended return, or a final return.
5. Fill in the income section by reporting gross receipts or sales, cost of goods sold, and any other income. Follow the provided lines carefully, ensuring you only include trade or business income.
6. In the deductions section, list all applicable expenses such as salaries, wages, and other operational costs to arrive at the total deductions.
7. Calculate the ordinary income or loss by subtracting total deductions from total income.
8. Complete the declaration section by signing and dating the form where indicated. Make sure the information provided is accurate to the best of your knowledge.
9. If you are working with a preparer, fill in their details and indicate if you allow the Hawaii Department of Taxation to discuss the return with them.
10. Review all sections for accuracy, make necessary adjustments, and then save your changes. You can download, print, or share the completed form as required.

Start filling out your Form N-35 online today to ensure accurate and timely submission.