Get Ny Dtf It-607 2021-2025

This guide provides clear and comprehensive instructions for filling out the NY DTF IT-607 form online. By following these steps, users can efficiently complete the necessary information to apply for the Excelsior Jobs Program Tax Credit.

Follow the steps to successfully complete the NY DTF IT-607 form.

1. Click the ‘Get Form’ button to access the IT-607 form and open it in your preferred digital editor.
2. Indicate if you are a calendar-year filer by marking an X in the corresponding box. If not, enter your tax period's beginning and ending dates appropriately.
3. Provide the name(s) as shown on your tax return, followed by the identifying number as indicated on the form.
4. Enter the Excelsior Jobs Program project number in section A and the year of eligibility in section B, selecting a number from 1 to 10.
5. Complete Schedule A by entering the relevant credit components. Start with the Excelsior Jobs Tax Credit, providing details from your individual, partnership, or fiduciary earnings.
6. Continue to fill out the sections for the Excelsior Investment Tax Credit, Excelsior Research and Development Tax Credit, Excelsior Real Property Tax Credit, and Excelsior Child Care Services Tax Credit. Accurately report shares from partnerships or S corporations as necessary.
7. In Schedule B, if applicable, enter the necessary information regarding partnerships, S corporations, or trusts that provided portions of the credit.
8. For fiduciaries, proceed to Schedule C and document share allocations for beneficiaries along with any recapture of credits.
9. Complete Schedule D to compute the total of the excelsior jobs program tax credit by summing the relevant lines.
10. Review all entries for accuracy. Once complete, you can save the document, download, print, or share the form as needed.

Get started on your application by completing the NY DTF IT-607 form online today.