NY IT-252 2023 free printable template
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IT252Department of Taxation and FinanceInvestment Tax Credit for the
Financial Services Industry
Tax Law Article 22, Sections 606(a) and 606(a1)Submit this form with Form IT201, IT203, IT204, or
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How to fill out finance 252 investment credit services online form
How to fill out NY IT-252
01
Obtain Form IT-252 from the New York State Department of Taxation and Finance website or office.
02
Fill out your personal information in the top section, including your name, address, and Social Security number.
03
Indicate the tax year for which you are filing the IT-252.
04
Complete Section A for the New York City unincorporated business tax (UBT) if applicable.
05
Proceed to Section B to calculate the amount of credits you are claiming.
06
Fill out Section C if you have any other necessary adjustments.
07
Transfer any calculations to the spaces provided, ensuring accuracy.
08
Sign and date the form where indicated.
09
Keep a copy of the form for your records and submit it according to the instructions provided.
Who needs NY IT-252?
01
Individuals or entities that conduct business in New York City and are subject to the Unincorporated Business Tax (UBT).
02
Self-employed individuals who need to report and calculate their New York City UBT credit.
03
Individuals seeking to claim certain tax credits available to unincorporated businesses.
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What is NY IT-252?
NY IT-252 is a New York State tax form used to claim certain credits and deductions related to the taxation of personal income.
Who is required to file NY IT-252?
Taxpayers who are eligible for the specific credits and deductions that NY IT-252 addresses are required to file this form.
How to fill out NY IT-252?
To fill out NY IT-252, taxpayers must provide personal information, report income details, and list the credits and deductions they are claiming, all while ensuring that they adhere to the filing instructions provided by the New York State Department of Taxation and Finance.
What is the purpose of NY IT-252?
The purpose of NY IT-252 is to allow taxpayers to claim various credits and deductions that they are entitled to, thereby reducing their overall tax liability in New York State.
What information must be reported on NY IT-252?
The information that must be reported on NY IT-252 includes personal identification details, income sources and amounts, and any specific credits and deductions being claimed.
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