IT-650: Empire State Apprenticeship Tax Credit (2024)
New York · NY DTF · Used for tax years 2024
Form IT-650 is used to claim New York’s Empire State Apprenticeship Tax Credit. It reports certificate information, credit earned or received from another entity, and any allocation between an estate or trust and its beneficiaries.
Who files this form
Use Form IT-650 to claim the Empire State Apprenticeship Tax Credit as:
- An individual, including a sole proprietor, a partnership, or a fiduciary of an estate or trust that earned the credit.
- A partner, New York S corporation shareholder, or estate or trust beneficiary receiving a share of the credit.
All filers must complete line A to identify whether they earned the credit directly or received a share.
What you'll need
- A copy of the final certificate of tax credit issued by the New York State Department of Labor (NYS DOL). You must submit it with Form IT-650.
- Your name and identifying number as shown on your return.
- If you earned the credit directly, the information from Part A of your final certificate: certified business name, EIN, certificate number, allocation year, and apprentice and disadvantaged youth counts with and without mentors.
- If you received a share of the credit, each entity’s name, type, EIN, certificate number, and your share of the credit.
- For Schedule C, beneficiaries’ names as shown on Form IT-205, Schedule C, identifying numbers, and shares of the credit.
How to file
Submit Form IT-650 with Form IT-201, IT-203, IT-204, or IT-205. Include a copy of the final tax credit certificate issued by NYS DOL.
Complete line A first:
- If Yes, complete lines B through I and Schedules A and D. Fiduciaries must also complete Schedule C.
- If No, complete Schedules B and D. Fiduciaries must also complete Schedule C.
For lines B through I, copy the information from Part A of your final certificate. In Schedule D, add lines 6, 7, and 8 to calculate the total credit on line 9.
The form does not provide a mailing address or e-file directions.
Common mistakes
- Skipping line A: All filers must complete it.
- Leaving out the certificate: You must submit a copy of the final NYS DOL tax credit certificate.
- Submitting IT-650 alone: The form says to submit it with Form IT-201, IT-203, IT-204, or IT-205.
- Missing Schedule C as a fiduciary: Fiduciaries must complete Schedule C whether they answer Yes or No on line A.
Questions people ask
How do I answer line A?
Mark Yes if you are claiming as an individual, partnership, or fiduciary that earned the credit directly. Mark No if you are claiming a share received as a partner, shareholder, or beneficiary.
Where do I get the information for lines B through I?
Use Part A of your final certificate of tax credit issued by NYS DOL.
What entity type codes do I use in Schedule B?
Enter P for a partnership, S for an S corporation, or ET for an estate or trust. Provide the requested information for each entity from which you received a share of the credit.
How is the fiduciary’s share calculated?
In Schedule C, add lines 1 and 2 on line 3. Add the credit shares allocated to beneficiaries on line 4. Subtract line 4 from line 3 to get the fiduciary’s share on line 5, then enter that amount on line 8.