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Discussion:Hawaii - organizational costs

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Discussion Forum Index --> Tax Questions --> Hawaii - organizational costs


Natalie (talk|edits) said:

September 5, 2006
Has Hawaii adopted the federal law regarding write off of organizational costs up to $5,000 in the first year?

Bengoshi (talk|edits) said:

6 September 2006
See Part IV, C., No. 28.

http://www.state.hi.us/tax/announce/ann05-12.pdf

I believe the answer is "Yes", Hawaii conforms to federal law here.

Natalie (talk|edits) said:

September 6, 2006
Wonderful! Thank you, Bengoshi! It's odd that the announcement did not come up on the Hawaii's tax website when I did a search for organizational expenses.

Bengoshi (talk|edits) said:

6 September 2006
You're welcome Natalie. I also don't know why the search didn't turn up the announcement. I just figured since the fed change occurred in 2004, Hawaii would announce its conformity in 2005. I also tried looking at HRS 235, but those sections are so confusing I just couldn't decipher it w/out actually spending a lot of time on it.

BTW, you can find what I think are current HRS statutes at this site:

http://www.capitol.hawaii.gov/hrscurrent/

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