Form 83 (EFO00011) Small Employer Investment Tax Credit - Idaho

What Is Form 83 (EFO00011)?

This is a legal form that was released by the Idaho State Tax Commission - a government authority operating within Idaho. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 83 (EFO00011)?
A: Form 83 (EFO00011) is the Small EmployerInvestment Tax Credit form in Idaho.

Q: What is the Small Employer Investment Tax Credit?
A: The Small Employer Investment Tax Credit is a tax credit available to small employers in Idaho.

Q: Who is eligible for the Small Employer Investment Tax Credit?
A: Small employers in Idaho who invest in qualified property or equipment may be eligible for the tax credit.

Q: What is qualified property or equipment?
A: Qualified property or equipment refers to depreciable property used in a trade or business, which meets certain criteria outlined by the Idaho State Tax Commission.

Q: How much is the Small Employer Investment Tax Credit?
A: The tax credit amount depends on the amount invested in qualified property or equipment and is determined by the Idaho State Tax Commission.

Q: How can I claim the Small Employer Investment Tax Credit?
A: To claim the tax credit, small employers must complete and file Form 83 (EFO00011) with the Idaho State Tax Commission.

Q: Are there any deadlines for claiming the Small Employer Investment Tax Credit?
A: Yes, small employers must file Form 83 (EFO00011) by the due date of their Idaho income tax return for the year in which the investment was made.

Q: Can I use the Small Employer Investment Tax Credit for federal taxes?
A: No, the Small Employer Investment Tax Credit is specific to Idaho state taxes only.

Q: Is there a limit to the number of years the tax credit can be claimed?
A: No, there is no limit. The tax credit can be claimed for multiple years, as long as the eligibility criteria are met.