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This version of the form is not currently in use and is provided for reference only. Download this version of
Form CT-655
for the current year.
Form CT-655 Restaurant Return-To-Work Credit - New York
What Is Form CT-655?
This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form CT-655?
A: Form CT-655 is a document used by restaurants in New York to claim the Restaurant Return-To-Work Credit.
Q: What is the Restaurant Return-To-Work Credit?
A: The Restaurant Return-To-Work Credit is a tax credit that provides financial assistance to restaurants in New York that have experienced economic challenges due to the COVID-19 pandemic.
Q: Who can use Form CT-655?
A: Restaurants in New York that meet the eligibility requirements for the Restaurant Return-To-Work Credit can use Form CT-655.
Q: What are the eligibility requirements for the Restaurant Return-To-Work Credit?
A: To be eligible for the Restaurant Return-To-Work Credit, a restaurant must have experienced a significant decline in revenue during the pandemic and have rehired or hired additional employees.
Q: How do I complete Form CT-655?
A: Form CT-655 requires the restaurant to provide information about its revenue decline and the number of employees hired or rehired. The form also requires the restaurant to calculate the amount of credit it is claiming.
Q: When is the deadline to file Form CT-655?
A: The deadline to file Form CT-655 is determined by the New York State Department of Taxation and Finance and is typically specified on the form or associated instructions.
Q: Can I claim the Restaurant Return-To-Work Credit if I am not a restaurant?
A: No, the Restaurant Return-To-Work Credit is specifically designed for restaurants in New York.
Q: Is the Restaurant Return-To-Work Credit taxable income?
A: No, the Restaurant Return-To-Work Credit is not considered taxable income.
Q: Are there any other requirements or documentation needed to claim the Restaurant Return-To-Work Credit?
A: The New York State Department of Taxation and Finance may require additional documentation to support the restaurant's claim for the credit. It is recommended to review the instructions for Form CT-655 or contact the department for specific requirements.
Form Details:
- The latest edition provided by the New York State Department of Taxation and Finance;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of Form CT-655 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
Download Form CT-655 Restaurant Return-To-Work Credit - New York
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