Get Form 700

Filling out Form 700 is essential for claiming Delaware income tax credits. This guide provides a clear, step-by-step approach to assist users in completing the form online with confidence and accuracy.

Follow the steps to successfully complete Form 700 online.

1. Click the ‘Get Form’ button to access the form and open it in the online editor.
2. In Part A, enter your Federal Employer Identification Number or Social Security Number in the designated fields. Then, provide the name of the taxpayer.
3. Proceed to Part B, where you will calculate Delaware income tax credits. Start with Economic Development Credits, entering any credit carryover from the previous year and current year credits for different entity types.
4. For Economic Development Credits, total the current year credits from all entity types and sum the results with the carryover credits. This total is needed for later calculations.
5. Continue filling in the Green Industries Credits section in a similar manner, ensuring to account for current year credits and carryovers.
6. Move on to Research & Development Credits, repeating the process of entering carryover credits and current year approved credits for various entities.
7. Next, complete the sections for Land & Historic Resource Conservation Credits and Historic Preservation Credits, documenting carryover amounts and current year credits as before.
8. For Travelink Traffic Mitigation Credits and Neighborhood Assistance Tax Credits, enter relevant data for current year and carryover credits.
9. Add together the totals from various credit categories as instructed, keeping track of how they will be used against the Delaware income tax liability.
10. Once all sections are completed, you can either save your changes, download the filled form, print it, or share it as needed.

Complete your Form 700 online today to efficiently manage your Delaware income tax credits.