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Instructions for Form IT-645
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Instructions for Form IT-645 Recapture of Start-Up Ny Tax Benefits - New York
This document contains official instructions for Form IT-645 , Recapture of Start-Up Ny Tax Benefits - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-645 is available for download through this link.
FAQ
Q: What is Form IT-645?A: Form IT-645 is the form used in New York to recapture the Start-Up NY tax benefits.
Q: What are the Start-Up NY tax benefits?A: Start-Up NY tax benefits are incentives offered to businesses that locate or expand in designated tax-free areas in New York.
Q: Who needs to file Form IT-645?A: Businesses that have claimed Start-Up NY tax benefits and are required to recapture those benefits need to file Form IT-645.
Q: What is the purpose of Form IT-645?A: The purpose of Form IT-645 is to calculate and recapture the Start-Up NY tax benefits that have been claimed.
Q: When is the deadline to file Form IT-645?A: The deadline to file Form IT-645 is generally the same as the deadline for filing your New York State tax return, which is April 15th.
Q: Are there any penalties for failing to file Form IT-645?A: Yes, there are penalties for failing to file Form IT-645, including interest charges on the recaptured tax benefits.
Q: Is Form IT-645 used for other purposes?A: No, Form IT-645 is specifically for recapturing Start-Up NY tax benefits and is not used for any other purpose.
Instruction Details:
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