This version of the form is not currently in use and is provided for reference only. Download this version of Form IT-650 for the current year.
This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. Check the official instructions before completing and submitting the form.
Q: What is Form IT-650?
A: Form IT-650 is the Empire StateApprenticeship Tax Credit form for the state of New York.
Q: What is the Empire State Apprenticeship Tax Credit?
A: The Empire State Apprenticeship Tax Credit is a tax credit available to employers in New York who hire and train apprentices.
Q: Who is eligible for the Empire State Apprenticeship Tax Credit?
A: Employers in New York who hire and train eligible apprentices are eligible for the tax credit.
Q: How can I claim the Empire State Apprenticeship Tax Credit?
A: You can claim the tax credit by completing and filing Form IT-650 with the New York State Department of Taxation and Finance.
Q: What information do I need to provide when filling out Form IT-650?
A: You will need to provide information about your business, the apprentices you hired and trained, and the number of hours they worked.
Q: Is there a deadline for filing Form IT-650?
A: Yes, Form IT-650 must be filed annually by the employer no later than the due date of their franchise tax return for the taxable year.
Q: Are there any other requirements to be eligible for the Empire State Apprenticeship Tax Credit?
A: Yes, in addition to hiring and training eligible apprentices, employers must also comply with the requirements of the New York State Department of Labor's Registered Apprenticeship Program.
Q: What is the benefit of claiming the Empire State Apprenticeship Tax Credit?
A: Claiming the tax credit can reduce the employer's tax liability and provide financial incentives for hiring and training apprentices in New York.
Form Details:
Download a fillable version of Form IT-650 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.