Get the up-to-date Form N-288C, Rev. 2022, Application for Tentative Refund of Withholding on Dispositions by Nonresident Persons of Hawaii Real Property Interests-2024 now

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Form N-288C, Rev. 2022, Application for Tentative Refund of Withholding on Dispositions by Nonresident Persons of Hawaii Real Property Interests Preview on Page 1

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A: A creditable withholding tax is imposed based on the gross selling price or total amount of consideration or the fair market value, whichever is higher, paid to the seller for the sale, transfer or exchange of real property considered as ordinary asset.
Taxpayers whose annual estimated tax liability is greater than $4,000 MUST file returns on Hawaii Tax Online (HTO) at .
HARPTA is an acronym for Hawaii Real Property Tax Act. This is a Hawaii State law that requires a withholding of 7.25% of the sales price.
amount equal to ten percent (10%) of the amount realized on sale, which is normally 10% of the sales price. o This withholding is required without regard to the amount of cash present in the transaction.
Taxpayers whose annual estimated tax liability is greater than $4,000 MUST file returns on Hawaii Tax Online (HTO) at .
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7,5% where the seller is a natural person; 10% where the seller is a company; and. 15% where the seller is a trust.
HARPTA is an acronym for Hawaii Real Property Tax Act. This is a Hawaii State law that requires a withholding of 7.25% of the sales price.
Each year, a nonresident who earns income from Hawaiʻi sources must file a State of Hawaiʻi tax return and will be taxed only on income from Hawaiʻi sources. If the person has not received taxable income from a Hawaiʻi source during the past calendar year, a state tax return does not need to be filed.
HARPTA is an acronym for Hawaii Real Property Tax Act. This is a Hawaii State law that requires a withholding of 7.25% of the sales price.
Most U.S. citizens and permanent residents who work in the United States need to file a tax return if they make more than a certain amount for the year. You may want to file even if you make less than that amount, because you may get money back if you file.

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