Hawaii Administrative Rules
Title 18 - DEPARTMENT OF TAXATION
Chapter 231 - ADMINISTRATION OF TAXES
ADMINISTRATIVE GUIDANCE APPLICABLE TO CERTAIN PENALTIES AND FINES
Section 18-231-36.6-01-6662 - Guidance; substantial understatements or misstatements of amounts; conformity to treasury regulations related to Internal Revenue Code section 6662

(a) In administering the penalty set forth under section 231-36.6, HRS, relating to imposition of a penalty for substantial understatements or misstatements of amounts, the treasury regulations adopted under title 26, code of federal regulations, section 1.6662-4, shall be operative.

(b) The director may prescribe a list of positions that the director believes do not meet the substantial authority standard. Such list (and any revisions thereof) shall be published and made public pursuant to Tax Information Release.

(c) The director may provide additional administrative guidance pursuant to Tax Information Release.