Get Ny It-635 2020

The NY IT-635 form is essential for individuals and organizations seeking to claim the New York Youth Jobs Program Tax Credit. This guide provides clear, step-by-step instructions to help users complete the form accurately and efficiently online.

Follow the steps to successfully fill out the NY IT-635 online.

1. Click ‘Get Form’ button to obtain the form and open it in your editing tool.
2. Identify your filing status by marking an X in the appropriate box for calendar-year filers or entering your tax period dates.
3. Enter your name(s) as shown on your tax return, followed by your taxpayer identification number.
4. Indicate whether you are claiming the credit as an individual, partnership, or fiduciary by marking an X in the correct box on line A. If yes, complete lines B through F, and Schedules A and D. If no, proceed to complete Schedules B and D.
5. For line B, provide the name of the business certified by the NYS Department of Labor that participated in the program.
6. Fill in the certified business’s employee identification number (EIN) on line C.
7. On line D, indicate the number of certified youth employed full-time included in your claim for credit.
8. On line E, indicate the number of certified youth employed part-time included in your claim.
9. Enter the program year from your annual final certificate of tax credit on line F.
10. Complete Schedule A to report the tax credit amount for certified youths, following the specified instructions.
11. If applicable, complete Schedule B for partners, shareholders, or beneficiaries who received a share of the credit, listing each entity's details.
12. If you are a fiduciary, complete Schedule C to outline the beneficiary’s share of the credit.
13. On Schedule D, input the amounts from previous lines to compute the total credit claimed.
14. After completing all necessary sections, save your changes. You may also download, print, or share the completed form as needed.

Begin your process of completing the NY IT-635 online today!