This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form IT-640 for the current year.
This document contains official instructions for Form IT-640 , Start-Up Ny Telecommunication Services Excise Tax Credit - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-640 is available for download through this link.
Q: What is Form IT-640?
A: Form IT-640 is a tax form used in New York to claim the Start-Up NY Telecommunication Services Excise Tax Credit.
Q: Who can use Form IT-640?
A: New York taxpayers who qualify for the Start-Up NY Telecommunication Services Excise Tax Credit can use Form IT-640.
Q: What is the Start-Up NY Telecommunication Services Excise Tax Credit?
A: The Start-Up NY Telecommunication Services Excise Tax Credit is a tax credit available to businesses that provide telecommunication services in New York.
Q: How do I qualify for the Start-Up NY Telecommunication Services Excise Tax Credit?
A: To qualify for the tax credit, you must be a qualified business that is participating in the Start-Up NY program and providing telecommunication services in New York.
Q: What information is required on Form IT-640?
A: Form IT-640 requires you to provide information about your business, the amount of telecommunication services provided in New York, and other details necessary to calculate the tax credit.
Q: When is the deadline to file Form IT-640?
A: The deadline to file Form IT-640 is the same as the deadline for filing your New York state tax return, usually April 15th.
Q: What if I need help completing Form IT-640?
A: If you need help completing Form IT-640, you can contact the New York State Department of Taxation and Finance or consult a tax professional.
Q: Is the Start-Up NY Telecommunication Services Excise Tax Credit refundable?
A: No, the Start-Up NY Telecommunication Services Excise Tax Credit is not refundable. It can only be used to offset your New York state tax liability.
Instruction Details:
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