Form 85R (EFO00019) Recapture of Idaho Small Employer New Jobs Tax Credit - Idaho

What Is Form 85R (EFO00019)?

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 85R?
A: Form 85R is the Recapture of Idaho Small EmployerNew JobsTax Credit.

Q: What is the purpose of Form 85R?
A: The purpose of Form 85R is to recapture the Idaho Small Employer New Jobs Tax Credit.

Q: What is the Idaho Small Employer New Jobs Tax Credit?
A: The Idaho Small Employer New Jobs Tax Credit is a credit given to eligible employers for creating new jobs in Idaho.

Q: Who needs to file Form 85R?
A: Employers who claimed the Idaho Small Employer New Jobs Tax Credit and are required to recapture the credit must file Form 85R.

Q: What information is required on Form 85R?
A: Form 85R requires information such as the employer's name, ID number, the credit amount claimed and recapture amount.

Q: What is the deadline for filing Form 85R?
A: The deadline for filing Form 85R is the same as the employer's income tax return due date, including extensions.

Q: Are there any penalties for late filing of Form 85R?
A: Yes, there may be penalties for late filing of Form 85R, so it is important to file it on time.

Q: Who can I contact for more information about Form 85R?
A: For more information about Form 85R, you can contact the Idaho State Tax Commission.