Instructions for Form IT-256 Claim for Special Additional Mortgage Recording Tax Credit - New York

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Instructions for Form IT-256 Claim for Special Additional Mortgage Recording Tax Credit - New York

This document contains official instructions for Form IT-256 , Claim for Special Additional Mortgage Recording Tax Credit - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-256 is available for download through this link.

FAQ

Q: What is Form IT-256?
A: Form IT-256 is a tax form used to claim a special additional mortgage recording tax credit in New York.

Q: What is the purpose of Form IT-256?
A: The purpose of Form IT-256 is to claim a credit for the special additional mortgage recording tax paid in New York.

Q: Who can use Form IT-256?
A: Anyone who has paid the special additional mortgage recording tax in New York can use Form IT-256 to claim a credit.

Q: What is the special additional mortgage recording tax?
A: The special additional mortgage recording tax is an extra tax imposed on certain mortgages in New York.

Q: How do I complete Form IT-256?
A: You need to fill out the form with accurate information about the mortgage and the tax paid. The instructions for completing the form are provided with the form itself.

Q: Is there a deadline for filing Form IT-256?
A: Yes, the deadline for filing Form IT-256 is generally three years from the due date of the tax return for the year in which the special additional mortgage recording tax was paid.

Q: Can I claim the special additional mortgage recording tax credit if I am not a resident of New York?
A: No, the special additional mortgage recording tax credit is only available to residents of New York.

Q: What documents do I need to attach to Form IT-256?
A: You may need to attach copies of certain documents, such as the mortgage recording tax returns and proof of payment, as specified in the form instructions.

Q: Can I claim the special additional mortgage recording tax credit for multiple years on the same Form IT-256?
A: No, you need to file a separate Form IT-256 for each tax year.

Q: Can I e-file Form IT-256?
A: No, Form IT-256 cannot be e-filed and must be filed by mail.

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Instruction Details:

  • This 2-page document is available for download in PDF;
  • Actual and applicable for this year;
  • Complete, printable, and free.

Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the New York State Department of Taxation and Finance.

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