Instructions for Form IT-256 Claim for Special Additional Mortgage Recording Tax Credit - New York

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Instructions for Form IT-256 Claim for Special Additional Mortgage Recording Tax Credit - New York

This document contains official instructions for Form IT-256 , Claim for Special Additional Mortgage Recording Tax Credit - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-256 is available for download through this link.

FAQ

Q: What is Form IT-256?A: Form IT-256 is a tax form used to claim a special additional mortgage recording tax credit in New York.

Q: What is the purpose of Form IT-256?A: The purpose of Form IT-256 is to claim a credit for the special additional mortgage recording tax paid in New York.

Q: Who can use Form IT-256?A: Anyone who has paid the special additional mortgage recording tax in New York can use Form IT-256 to claim a credit.

Q: What is the special additional mortgage recording tax?A: The special additional mortgage recording tax is an extra tax imposed on certain mortgages in New York.

Q: How do I complete Form IT-256?A: You need to fill out the form with accurate information about the mortgage and the tax paid. The instructions for completing the form are provided with the form itself.

Q: Is there a deadline for filing Form IT-256?A: Yes, the deadline for filing Form IT-256 is generally three years from the due date of the tax return for the year in which the special additional mortgage recording tax was paid.

Q: Can I claim the special additional mortgage recording tax credit if I am not a resident of New York?A: No, the special additional mortgage recording tax credit is only available to residents of New York.

Q: What documents do I need to attach to Form IT-256?A: You may need to attach copies of certain documents, such as the mortgage recording tax returns and proof of payment, as specified in the form instructions.

Q: Can I claim the special additional mortgage recording tax credit for multiple years on the same Form IT-256?A: No, you need to file a separate Form IT-256 for each tax year.

Q: Can I e-file Form IT-256?A: No, Form IT-256 cannot be e-filed and must be filed by mail.

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Instruction Details:

  • This 2-page document is available for download in PDF;
  • Actual and applicable for this year;
  • Complete, printable, and free.

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