This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form DTF-626 for the current year.
This document contains official instructions for Form DTF-626 , Recapture of Low-Income Housing Credit - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form DTF-626 is available for download through this link.
Q: What is Form DTF-626?
A: Form DTF-626 is a document used in New York to recapture low-income housing credit.
Q: Who should file Form DTF-626?
A: Form DTF-626 should be filed by taxpayers who need to recapture the low-income housing credit in New York.
Q: What is the purpose of recapturing low-income housing credit?
A: The purpose of recapturing low-income housing credit is to ensure that the credit is being used appropriately and in compliance with the law.
Q: When should Form DTF-626 be filed?
A: Form DTF-626 should be filed within 90 days after the event that triggered the recapture, such as a change in ownership or noncompliance with the requirements.
Q: What information is required on Form DTF-626?
A: Form DTF-626 requires information about the taxpayer, the property, and the reason for the recapture.
Q: Are there any penalties for failing to file Form DTF-626?
A: Yes, there are penalties for failing to file Form DTF-626, including interest charges and possible legal action.
Q: Is there a fee associated with filing Form DTF-626?
A: No, there is no fee associated with filing Form DTF-626.
Instruction Details:
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