New York Restaurant Return-to-Work Credit

Restaurant Return-to-Work Credit
Form CT-655 Restaurant Return-to-Work Credit Tax Year 2023Department of Taxation and Finance

Restaurant Return-to-Work Credit

CT-655

Tax Law – Section 210-B.56

All filers must enter tax period:
beginning
Legal name of corporation

ending
Employer identification number (EIN)

File this form with your franchise tax return.
Recapture of restaurant return-to-work credit (see instructions)
A
Revoked certificate number

Total of column B from any additional Forms CT-655....................
1 Total (add column B amounts) .........................................
1

584001230094

B
Amount of credit previously claimed

Page 2 of 2 CT-655 (2023)

Instructions
General information

The restaurant return-to-work credit was only available for tax
years that included December 31, 2021. Use this form if you are
required to recapture any or all of the restaurant return-to-work
credit received for the 2021 tax year.

Line instructions
Recapture of restaurant return-to-work credit

If Empire State Development has adjusted or revoked a
previously claimed restaurant return-to-work credit that you
earned directly or from a partnership; enter the certificate
number in column A, and the amount of credit that was adjusted
or revoked in column B.
Additional forms – If you have more entries than will fit on the
lines provided, submit additional Forms CT-655. Include your
name and taxpayer identification number on each form. On the
indicated line of the first Form CT-655 include the totals from all
additional Forms CT-655. Place the extra forms behind the first
Form CT-655 and submit them with your return.
Line 1
C corporations – Enter this amount as a negative number using
a minus sign (-), in the appropriate box of the summary of tax
credits claimed sections of your franchise tax return.
New York S corporation – Enter this amount on
Form CT-34-SH and provide your shareholders with their pro
rata share of this amount. The shareholder will enter this amount
on Form IT-655, Restaurant Return-to-Work Credit.

584002230094

Extracted from PDF file 2023-new-york-ct-655.pdf, last modified September 2023

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More about the New York CT-655 Corporate Income Tax TY 2023

Available to small business owners, this credit is for those who operate mostly in the food service industry and have suffered economic loss due to the Covid-19 emergency

We last updated the Restaurant Return-to-Work Credit in January 2024, so this is the latest version of CT-655, fully updated for tax year 2023. You can download or print current or past-year PDFs of CT-655 directly from TaxFormFinder. You can print other New York tax forms here.

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Related New York Corporate Income Tax Forms:

TaxFormFinder has an additional 271 New York income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the New York CT-655.

Form Code	Form Name
CT-655 (Instructions)	Restaurant Return-to-Work Credit (Instructions)

Download all NY tax forms View all 272 New York Income Tax Forms

Form Sources:

New York usually releases forms for the current tax year between January and April. We last updated New York CT-655 from the Department of Taxation and Finance in January 2024.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of New York CT-655

We have a total of two past-year versions of CT-655 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 CT-655

Form CT-655 Restaurant Return-to-Work Credit Tax Year 2023

2022 CT-655

Form CT-655 Restaurant Return-to-Work Credit Tax Year 2021

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