Good morning, Steven Sorian provided the answer -the credit is calculated on Form 7202.
Thank you all for reading my post and responding.
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Andrew C. Demsky
Andrew C. Demsky, CPA
North Bellmore NY
516-679-6504
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Original Message:
Sent: 04-11-2024 05:27 PM
From: Craig R Morris
Subject: Self-Employed Tax Credit
Sounds like a credit but could this be a reference to the NYS Subtraction Modification S-201 for Small Business on form 225? This is often overlooked.
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Craig R Morris
CPA
CRAIG MORRIS AND COMPANY, CPAS
SYOSSET NY
516-681-1121
craig@cmcocpas.com
Original Message:
Sent: 04-10-2024 12:58 AM
From: Andrew C. Demsky
Subject: Self-Employed Tax Credit
A client read an ad re: the referenced tax credit promoted by a company offering its service to assist in the credit's application process. My immediate impression was that I missed it among the various credits, deductions, etc. within the CARES Act, yet I am unable to find such a credit. Are any of you familiar with this? If so, kindly direct me where to research this credit. My client advised me that some aspect of it ends 4/15/2024. Thank you for your help. Andrew C. Demsky 516-679-6504
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Andrew C. Demsky
Andrew C. Demsky, CPA
North Bellmore NY
516-679-6504
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