Get Ct 641

The Ct 641 form facilitates the application for the Manufacturer’s Real Property Tax Credit under New York Tax Law. This guide will provide clear and supportive instructions on filling out the form online, ensuring that all users can complete it accurately.

Follow the steps to successfully fill out the Ct 641 online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the tax period by providing the beginning and ending dates where indicated on the form.
3. Fill in the legal name of the corporation and the employer identification number (EIN).
4. Complete line A, indicating whether you are claiming the credit as a corporation that earned the credit. Mark an X in the appropriate box for either Yes or No.
5. If Yes, complete Schedule A and, if applicable, Schedule D for further details on property and taxes. If claiming as a corporate partner (No), complete the appropriate sections as instructed.
6. In Schedule A, list the physical address of the real property and the eligible real property taxes paid. Add any additional sheets if necessary.
7. Calculate the total credit by following the instructions and formulas provided, ensuring accuracy in adding and multiplying the correct amounts.
8. If you are a New York S corporation, skip Schedule B and calculate any partnership-related information needed in Schedule C.
9. In Schedule D, if applicable, provide information on any recaptured credit. Calculate using the details specified for past tax years.
10. Review all sections to ensure completeness and accuracy before finalizing your submission.
11. After completing the form, save your changes, download a copy for your records, and print or share the form as required.

Submit your Ct 641 form online today to ensure your tax credit is processed.