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This version of the form is not currently in use and is provided for reference only. Download this version of
Form IT-252
for the current year.
Form IT-252 Investment Tax Credit for the Financial Services Industry - New York
What Is Form IT-252?
This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form IT-252?A: Form IT-252 is a tax form used for claiming the Investment Tax Credit for the Financial Services Industry in New York.
Q: What is the Investment Tax Credit?A: The Investment Tax Credit is a credit that allows eligible businesses in the financial services industry to reduce their New York State tax liability.
Q: Who is eligible to claim the Investment Tax Credit?A: Businesses in the financial services industry that meet certain criteria are eligible to claim the Investment Tax Credit.
Q: What are the requirements for claiming the Investment Tax Credit?A: To claim the Investment Tax Credit, businesses must meet certain criteria specified by the New York State Department of Taxation and Finance.
Q: When is the deadline for filing Form IT-252?A: The deadline for filing Form IT-252 is usually April 15th of the year following the tax year for which the credit is being claimed.
Q: Are there any special instructions for completing Form IT-252?A: Yes, there are specific instructions provided by the New York State Department of Taxation and Finance for completing Form IT-252. It is important to carefully read and follow these instructions.
Q: Can the Investment Tax Credit be carried forward or back?A: No, the Investment Tax Credit cannot be carried forward or back. It can only be used to reduce the current year's New York State tax liability.
Q: Is the Investment Tax Credit refundable?A: No, the Investment Tax Credit is not refundable. It can only be used to offset New York State tax liability.
Q: What documents do I need to include when filing Form IT-252?A: You may need to include supporting documents such as financial statements and other relevant documentation to substantiate your claim for the Investment Tax Credit.
Form Details:
- The latest edition provided by the New York State Department of Taxation and Finance;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form IT-252 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
Download Form IT-252 Investment Tax Credit for the Financial Services Industry - New York
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