Instructions for Form DTF-625 Low-Income Housing Credit Allocation and Certification - New York

Form DTF-625 Low-Income Housing Credit Allocation and Certification - New York

This document contains official instructions for Form DTF-625 , Low-Income Housing Credit Allocation and Certification - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form DTF-625 is available for download through this link.

FAQ

Q: What is Form DTF-625?
A: Form DTF-625 is a form used for low-income housing credit allocation and certification in New York.

Q: Who needs to fill out Form DTF-625?
A: Developers and sponsors of low-income housing projects in New York need to fill out Form DTF-625.

Q: What is the purpose of Form DTF-625?
A: The purpose of Form DTF-625 is to apply for low-income housing tax credits in New York.

Q: What information is required on Form DTF-625?
A: Form DTF-625 requires information such as project details, investor information, and certification of compliance with low-income housing requirements.

Q: Are there any filing fees for Form DTF-625?
A: There are no filing fees for Form DTF-625.

Q: When is Form DTF-625 due?
A: Form DTF-625 is generally due by the fifteenth day of the fourth month following the close of the taxable year.

Q: What happens after I submit Form DTF-625?
A: After submitting Form DTF-625, the New York State Department of Taxation and Finance will review the application and allocate low-income housing tax credits if approved.

Q: Can I amend or modify Form DTF-625?
A: Yes, you can amend or modify Form DTF-625 if necessary, but you should consult the instructions or contact the New York State Department of Taxation and Finance for guidance.

Q: Is there any assistance available for filling out Form DTF-625?
A: Yes, the New York State Department of Taxation and Finance provides assistance and guidance for filling out Form DTF-625. You can reach out to their office for any questions or clarification.