Nys It 255 Form PDF Details

From property tax estimate filings to employer withholding information, the New York State IT-255 form is an essential component of many different financial activities. It’s important for businesses and individuals alike to have a basic understanding of how this form works in order to effectively comply with state regulations and make accurate submissions. Here’s what you need to know about the NYS IT-255 form: its function, where you can get it, how to complete it correctly, and more.

QuestionAnswer
Form NameNys It 255 Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesform it 255, ny it 255 instructions, form it 255 instructions, nys it 255 instructions

Form Preview Example

New York State Department of Taxation and Finance

Claim for Solar Energy System Equipment Credit

IT-255

Submit this form with Form IT-201 or Form IT-203.

Name(s) as shown on return

Your social security number

ADoes the solar energy system use solar radiation to produce energy for heating, cooling,

hot water, or electricity for residential use?

Yes

If NO, stop; you do not qualify for the solar energy system equipment credit.

 

If YES, see instructions and continue with Schedule A below.

 

No

Schedule A – Computation of solar energy system equipment credit

Complete the information in the applicable chart with respect to your solar energy system equipment.

 

A

 

 

 

B

 

 

 

 

C

 

Date equipment

 

 

Qualiied solar energy system

 

Column B x 25% (.25)

Purchase

placed in service (mm-dd-yyyy)

 

equipment expenditures (see instr.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

.00

 

 

.00

 

A

 

 

B

 

C

 

 

 

D

Power

Date equipment

Qualiied solar energy system

Column B x 25% (.25)

 

Limitation

purchase

placed in service (mm-dd-yyyy)

equipment expenditures (see instr.)

 

 

 

(see instructions)

agreement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

.00

 

.00

 

.00

 

 

 

 

 

 

 

 

A

 

B

 

C

 

D

E

 

Date equipment placed Qualiied solar energy system

Column B x 25% (.25) not to

Amount from column B

Limitation

Lease

in service (mm-dd-yyyy) equipment expenditures (see instr.)

exceed $5000

 

paid in 2013

(see instructions)

 

 

 

 

 

 

 

 

 

 

.00

.00

.00

.00

1 Current year credit (see instructions.) .....................................................................................................

2 Enter the carryover credit from last year’s Form IT-255, line 10 ..........................................................

3 Solar energy system equipment credit (add lines 1 and 2) .....................................................................

1

2

3

.00

.00

.00

Schedule B – Application of credit and computation of carryover

4

Tax due before credits (see instructions)

4

.00

 

 

 

 

5

Other credits that you applied before this credit (see instructions)

5

.00

 

 

 

 

6

Subtract line 5 from line 4

6

.00

 

 

 

 

7

Enter the lesser of line 3 (or your portion of line 3) or line 6 (see instructions)

7

.00

 

 

 

 

8

Subtract line 7 from line 3 (or your portion of line 3; see instructions)

8

.00

 

 

 

 

9

Amount, if any, included on line 8 that expired this tax year (see instructions)

9

.00

 

 

 

 

10

Amount of credit available for carryover to next year (subtract line 9 from line 8)

10

.00

255001130094

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Be attentive when filling out this form. Make certain all necessary fields are completed correctly.

1. It is crucial to complete the nys it 255 instructions properly, hence take care when filling out the areas containing these blanks:

Simple tips to fill out ny it 255 part 1

2. Right after completing the previous part, go to the subsequent step and fill in the essential particulars in all these blanks - Current year credit see, Enter the carryover credit from, Solar energy system equipment, Schedule B Application of credit, Tax due before credits see, Other credits that you applied, Subtract line from line, Enter the lesser of line or your, Subtract line from line or your, Amount if any included on line, and Amount of credit available for.

ny it 255 conclusion process described (stage 2)

Those who work with this document generally make some errors when completing Subtract line from line or your in this section. Be sure to double-check everything you enter right here.

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