Brent Foster
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Recent activity by Brent Foster-
Must managing agents comply with any special 7 Department of Taxation requirements?
Yes. Every managing agent collecting rent on behalf of an owner must provide the Department of Taxation with certain information required on the first page of the rental collection agreement includ...
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If I place my rental property in a revocable living trust, do I register for the general excise and transient accommodations number under my name as an individual or under the trust’s name?
You generally may register for general excise and transient 8 accommodations taxes under your name. For more information, refer to Tax Information Release No. 94-5 which may be obtained from any di...
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If I am currently registered for the general excise tax because of various other business activities, can I add my rental activity to my current license?
Yes, you may add your rental activity to your list of business activities provided that all businesses are owned by the same taxpayer, or taxpayers in the case of husband and wife who operate as so...
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If I am currently registered for the general excise tax because of various other business activities, can I add my rental activity to my current license?
Yes, you may add your rental activity to your list of business activities provided that all businesses are owned by the same taxpayer, or taxpayers in the case of husband and wife who operate as so...
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What kind of general excise tax return forms must I file?
Form G-45, the periodic tax return, is used to report your gross income and to pay your general excise tax. Periodic returns must either be filed monthly, quarterly, or semiannually. Form G-49, the...
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What kind of transient accommodations tax return forms must I file?
Form TA-1, the periodic tax return, is used to report your gross rental income and to pay your transient accommodations tax. Periodic returns must either be filed monthly, quarterly, or semiannuall...
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Where do I file my general excise and transient accommodations tax returns?
The general excise and transient accommodations tax returns should be filed with the district tax office from which the license was obtained. Out-of-state residents and persons having gross income ...
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How does paying the general excise and transient accommodations taxes affect my state income tax?
General excise and transient accommodations taxes paid may NOT be taken as a credit against your income tax liability. However, the general excise and transient accommodations taxes may be claimed ...
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I am a nonresident. Are there any special requirements if I sell my Hawaii rental property?
Because you are a nonresident, the purchaser may be required to withhold 5 percent of the total sales price from the amount due to you at the time of sale. The amount withheld will be credited to y...
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Where can I get information on the rights and responsibilities of landlords and tenants?
The Hawaii State Department of Commerce and Consumer Affairs, Office of Consumer Protection, has a handbook available to the public entitled “Handbook for the Hawaii Residential Landlord-Tenant Code”