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The COVID-19 Capital Costs Credit is designed for small businesses that incurred qualified COVID-19 capital costs between January 1, 2021, and December 31, 2022. To claim this credit, a business must have received a certificate from Empire State Development in 2023 and may only use the credit if it was passed through from a partnership. Specific guidelines are provided for reporting and claiming the credit, including eligibility requirements and details for New York S Corporations and...

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What is ct-657?

CT-657 is a specific tax form used in Connecticut, primarily for reporting certain information related to tax compliance.

Who is required to file ct-657?

Individuals or entities that meet specific criteria set by the Connecticut Department of Revenue Services must file CT-657.

How to fill out ct-657?

To fill out CT-657, taxpayers must accurately enter their information as required in the form's sections, which include personal or business details and financial information.

What is the purpose of ct-657?

The purpose of CT-657 is to collect data necessary for the Connecticut tax authorities to assess compliance with state tax laws.

What information must be reported on ct-657?

CT-657 requires reporting various details such as taxpayer identification, income, deductions, and other relevant financial data.

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