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Errors in (Rev. 2011) Forms for 2012

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Item Name Change
1. Form N-35, "S Corporation Income Tax Form" Noted October 10, 2011 - Page 3, Line 15a, which reads, "Interest expense on investment debts paid or accrued in 2010,"
should read:
"Interest expense on investment debts paid or accrued in 2011".
2. N-20 Instructions Noted October 25, 2011 - Page 8, Related Federal/Hawaii Fiduciary Tax Forms, federal Form 7004 lists Use Hawaii Form as Form N-100. Use Hawaii Form should read Form N-301. Form N-100 is obsolete.
3. Form N-35, "S Corporation Income Tax Return" Noted October 25, 2011 - Page 3, Line 16c, "See Instructions" should be added to column b. Attributable to Hawaii.
4. Form N-35, "S Corporation Income Tax Return" Noted October 25, 2011 - Page 3, Line 16d, "See Instructions" should be deleted from column b. Attributable to Hawaii to allow an amount to be reported on Line 16d.
5. N-40 Instructions Noted October 25, 2011 - Page 15, Related Federal/Hawaii Fiduciary Tax Forms, federal Form 7004 lists Use Hawaii Form as Form N-100/N-100A. Use Hawaii Form should read Form N-301. Forms N-100 and N-100A are obsolete.
6. Schedule K-1 (Form N-20), "Partner's Share of Income, Credits, Deductions, Etc." Noted February 9, 2012 - Page 2, Line 27b, which reads, "Other than on line 28a"
should read:
"Other than on line 27a"

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