Instructions for Form IT-605 Claim for Ez Investment Tax Credit and Ez Employment Incentive Credit for the Financial Services Industry - New York

Form IT-605 Claim for Ez Investment Tax Credit and Ez Employment Incentive Credit for the Financial Services Industry - New York

This document contains official instructions for Form IT-605 , Claim for Ez Employment Incentive Credit for the Financial Services Industry - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-605 is available for download through this link.

FAQ

Q: What is Form IT-605?
A: Form IT-605 is used to claim the Ez Investment Tax Credit and Ez Employment Incentive Credit for the Financial Services Industry in New York.

Q: What are the Ez Investment Tax Credit and Ez Employment Incentive Credit?
A: The Ez Investment Tax Credit is a credit for qualified investments made by financial services companies in certain areas of New York. The Ez Employment Incentive Credit is a credit for qualified new jobs created by financial services companies in certain areas of New York.

Q: Who can use Form IT-605?
A: Financial services companies in New York that have made qualified investments or created qualified new jobs may use Form IT-605 to claim the credits.

Q: What information do I need to provide on Form IT-605?
A: You will need to provide information about your business, including details about the qualified investments or qualified new jobs, as well as any other required documentation or attachments.

Q: When is the deadline for filing Form IT-605?
A: The deadline for filing Form IT-605 is the same as the deadline for filing your New York State business income tax return, which is generally March 15th.

Q: Are there any requirements to qualify for the credits?
A: Yes, there are specific requirements that must be met in order to qualify for the Ez Investment Tax Credit and Ez Employment Incentive Credit. These requirements are outlined in the instructions for Form IT-605.