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1 Staple forms here New York State Department of Taxation and Finance Claim for CAPCO Credit Tax Law

1 Staple forms here New York State Department of Taxation and Finance Claim for CAPCO Credit Tax Law 2025

1 Staple forms here New York State Department of Taxation and Finance Claim for CAPCO Credit Tax Law Preview on Page 1

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The document CT-33.1 is a form from the New York State Department of Taxation and Finance used for claiming the Certified Capital Company (CAPCO) credit under Tax Law Articles 1 and 33. It includes sections for computing available CAPCO credits, transfers to and from affiliates, recapture of credits, and carry forward amounts. The form requires taxpayers to provide their identification details, tax periods, and specific calculations related to CAPCO credits.

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Click ‘Get Form’ to open the Claim for CAPCO Credit form in the editor.
Begin by entering your taxpayer name and the tax period dates in the designated fields at the top of the form.
Fill in your Employer Identification Number (EIN) and file number as required.
Proceed to Part I, where you will compute your allocated CAPCO credit. Carefully enter amounts from previous lines as instructed, ensuring accuracy.
Continue through Parts II to VIII, filling out each section methodically. Pay attention to instructions regarding credits used, carried forward, and any transfers to or from affiliates.
Review all entries for completeness and correctness before finalizing your document.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Why am I getting a certified letter from NYS Department of Taxation and Finance?

Typically, we send this letter if we need to verify: your amounts of wages and withholding, your residency, your eligibility for refundable tax credits, or.

Why would the Department of Taxation and Finance send me a letter?

Most IRS letters and notices are about federal tax returns or tax accounts. Each notice deals with a specific issue and includes any steps the taxpayer needs to take. A notice may reference changes to a taxpayers account, taxes owed, a payment request or a specific issue on a tax return.

Why would I get a certified letter from the Department of Taxation?

Some common reasons for certified letters include an outstanding balance, refund issues, return questions, identification verification, missing information, return changes, and processing delays.

Which form is used to claim the New York State resident credit?

If you paid tax to more than one other taxing authority during your New York State resident period, use a separate Form IT-112-R for each credit.

Why am I getting a letter from New York State Department of Taxation and Finance?

We may communicate with you by mail for many reasons, including: to send you a check for your refund or an additional payment; to let you know we adjusted your refund; to request information that supports what you reported on a return; and.

What is the Capco tax credit?

Through CAPCO sponsored legislation, states gives state taxpayer funds a tax credit match, usually on a dollar-for-dollar basis, on the amount of capital the CAPCO funds raise from insurance companies and lend to small business investment during a pre-specified time frame.