IT-655: Restaurant Return-to-Work Credit (2024)
New York · NY DTF · Used for tax years 2024
Form IT-655 reports the recapture of New York’s restaurant return-to-work credit. It lists revoked certificate numbers and the amounts of credit previously claimed, and totals those amounts.
Who files this form
Form IT-655 reports the recapture of restaurant return-to-work credit previously claimed for revoked certificates.
The form provides reporting directions for individuals, partners, S corporation shareholders, beneficiaries, partnerships, and fiduciaries.
What you'll need
Have these details ready to complete Form IT-655:
- Your name and identifying number as shown on your return.
- Each revoked certificate number.
- The amount of credit previously claimed for each revoked certificate.
- Column B totals from any additional Forms IT-655.
Submit the completed form with Form IT-201, IT-203, IT-204, or IT-205.
How to file
Submit Form IT-655 with Form IT-201, IT-203, IT-204, or IT-205.
- Enter each revoked certificate number in column A and the amount of credit previously claimed in column B.
- Include the total of column B amounts from any additional Forms IT-655. Add the column B amounts and enter the total on line 1.
- Report the line 1 amount as follows:
- Individuals, partners, S corporation shareholders, and beneficiaries: Enter the amount and code 655 on Form IT-201-ATT, line 20, or Form IT-203-ATT, line 19.
- Partnerships: Enter the amount and code 655 on Form IT-204, line 148.
- Fiduciaries: Include the amount on Form IT-205, line 12.
Questions people ask
What does Form IT-655 report?
It reports the recapture of restaurant return-to-work credit, listing revoked certificate numbers and amounts of credit previously claimed.
What if I use additional Forms IT-655?
The form has a space for the total of column B amounts from additional Forms IT-655. Include that amount when calculating line 1.
Which return goes with Form IT-655?
Submit it with Form IT-201, IT-203, IT-204, or IT-205.
What code do I use to report the recapture?
Individuals, partners, S corporation shareholders, and beneficiaries use code 655 on Form IT-201-ATT, line 20, or Form IT-203-ATT, line 19. Partnerships use code 655 on Form IT-204, line 148. Fiduciaries are directed to include the line 1 amount on Form IT-205, line 12.