Form 85 (EFO00017) Small Employer New Jobs Tax Credit - Idaho

What Is Form 85 (EFO00017)?

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 85 (EFO00017)?
A: Form 85 (EFO00017) is a tax form related to the Small Employer New Jobs Tax Credit in Idaho.

Q: What is the Small Employer New Jobs Tax Credit?
A: The Small Employer New Jobs Tax Credit is a tax credit available to small employers in Idaho who create new jobs.

Q: Who is eligible for the Small Employer New Jobs Tax Credit?
A: Small employers in Idaho who create new jobs are eligible for the Small Employer New Jobs Tax Credit.

Q: How does the Small Employer New Jobs Tax Credit work?
A: The Small Employer New Jobs Tax Credit allows eligible small employers to claim a tax credit for each new job created.

Q: What is the purpose of Form 85 (EFO00017)?
A: Form 85 (EFO00017) is used to calculate and claim the Small Employer New Jobs Tax Credit in Idaho.

Q: Are there any deadlines for filing Form 85 (EFO00017)?
A: Yes, there may be deadlines for filing Form 85 (EFO00017) depending on the tax year. It is recommended to check the instructions or contact the Idaho State Tax Commission for the specific deadlines.

Q: Is the Small Employer New Jobs Tax Credit refundable?
A: Yes, the Small Employer New Jobs Tax Credit is refundable, meaning that if the credit exceeds the tax liability, the excess can be refunded to the employer.

Q: What documentation is required to file Form 85 (EFO00017)?
A: The specific documentation required to file Form 85 (EFO00017) may vary. It is recommended to refer to the instructions or contact the Idaho State Tax Commission for the required documentation.