Get Ny It-640 2022-2026

Filling out the NY IT-640 form online can be a straightforward process when you follow the right steps. This guide provides comprehensive instructions to ensure you successfully complete the Telecommunication Services Excise Tax Credit application.

Follow the steps to fill out the NY IT-640 online.

1. Use the ‘Get Form’ button to access the NY IT-640 form and open it in your preferred editor.
2. Indicate whether you are a calendar-year filer by marking an X in the appropriate box. If you are not, please enter your tax period's beginning and ending dates.
3. Provide your name(s) as shown on your tax return along with your identifying number.
4. In line A, confirm if you are claiming a credit as an individual, partnership, or fiduciary by marking an X in the corresponding box. If your answer is 'Yes', proceed to complete lines B and C, as well as Schedules A and D. If 'No', complete lines B and C and Schedules B and D.
5. If applicable, enter the certificate number from Form DTF-74 in line B. For line C, specify the year of your START-UP NY business tax benefit period, using a number from 1 to 10.
6. Complete Schedule A if you are an individual, partnership, or estate or trust by reporting the telecommunication services excise tax paid in line 1.
7. If you are a fiduciary, include the amount from line 1 on line 3. If not, enter the amount from line 1 on line 6.
8. Proceed to Schedule B to provide information regarding partnerships, New York S corporations, and estates or trusts, ensuring that you include the name of the entity, type, employer identification number, certificate number, year of business tax benefit period, and share of credit.
9. Add any relevant amounts from column F and report the total on line 2.
10. If you are a fiduciary, include the line 2 amount on line 3. Otherwise, enter the amount on line 7.
11. Complete Schedule C to report the sharing of credit among beneficiaries and fiduciaries.
12. Lastly, fill out Schedule D by entering amounts from lines 1, 2, and 5 to compute the total credit and ensure all calculations are accurate. Save your changes, and you can also opt to download, print, or share the completed form.

Begin completing your NY IT-640 form online today!