This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form IT-634 for the current year.
This document contains official instructions for Form IT-634 , Empire State Jobs Retention Program Credit - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-634 is available for download through this link.
Q: What is Form IT-634?
A: Form IT-634 is the form used to claim the Empire State Jobs Retention Program Credit in New York.
Q: What is the Empire State Jobs Retention Program Credit?
A: The Empire State Jobs Retention Program Credit is a tax credit available to businesses in New York that qualify for the program.
Q: Who can claim the Empire State Jobs Retention Program Credit?
A: Businesses that meet the eligibility criteria set forth by the program can claim the credit.
Q: What information is required to complete Form IT-634?
A: To complete Form IT-634, you will need to provide information about your business, including your tax identification number, wages paid, and number of employees.
Q: When is the deadline to file Form IT-634?
A: The deadline to file Form IT-634 is determined by the New York State Department of Taxation and Finance and may vary from year to year.
Q: Can I claim the Empire State Jobs Retention Program Credit for multiple tax years?
A: Yes, businesses can claim the credit for multiple tax years as long as they continue to meet the eligibility criteria.
Q: Is there a limit to the amount of the Empire State Jobs Retention Program Credit that can be claimed?
A: Yes, there is a maximum amount of credit that can be claimed each year, and it is determined by the New York State Department of Taxation and Finance.
Q: Can the Empire State Jobs Retention Program Credit be carried forward or back?
A: No, the credit cannot be carried forward or back. It can only be used to offset your current year's tax liability.
Q: Is Form IT-634 the only form required to claim the Empire State Jobs Retention Program Credit?
A: No, in addition to Form IT-634, you may also need to submit supporting documentation and other forms as required by the program.
Instruction Details:
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