Get Ny Dtf It-612 2020

Filling out the NY DTF IT-612 form can be a straightforward process with the right guidance. This form is utilized to claim the remediated brownfield credit for real property taxes for qualified sites accepted into the Brownfield Cleanup Program prior to July 1, 2015. Follow the instructed steps to ensure accurate completion.

Follow the steps to successfully complete the NY DTF IT-612 form online.

1. Press the ‘Get Form’ button to access the form and open it in the designated editor.
2. Provide your name(s) exactly as shown on your income tax return, marking the appropriate filing status with an X. For calendar-year filers, select the checkbox; for other filers, enter the tax period beginning and ending dates.
3. Enter your identifying number as displayed on your tax return.
4. In Schedule A, input the date the Brownfield Cleanup Agreement was executed (mmddyyyy) for the site claiming the credit. Include the site name and location information, including municipality and county, as per the Certificate of Completion issued by the Department of Environmental Conservation.
5. If applicable, provide the date the Certificate of Completion was transferred and confirm whether the qualified site is located entirely within an environmental zone.
6. For Schedule B, calculate the average number of full-time employees across the specified quarterly periods. If you have fewer than 25 employees, credit is not allowed.
7. In Schedule C, compute the remediated brownfield credit by inputting the required factors and multiplying the eligible real property taxes accordingly. Complete lines for recapture as needed.
8. For Schedule D, enter necessary details if you are part of a partnership, S corporation, or trust and include the share of credit on Schedule E.
9. Complete additional schedules as required, ensuring to correctly transfer totals to Schedule F and G for final computations.
10. After filling out the entire form, review for accuracy. Save your changes, and then you can download, print, or share the completed NY DTF IT-612 form.

Begin filling out your NY DTF IT-612 form online today for a smooth submission process.