Instructions for Form IB-4A2 Gross Premiums Tax - Protected Cell Captive Insurance Company - North Carolina

This document contains official instructions for Form IB-4A2 , Gross Captive Insurance Company - a form released and collected by the North Carolina Department of Revenue.

FAQ

Q: What is Form IB-4A2?
A: Form IB-4A2 is a tax form for reporting gross premiums from a protected cell captive insurance company operating in North Carolina.

Q: Who needs to file Form IB-4A2?
A: Protected cell captive insurance companies operating in North Carolina need to file Form IB-4A2 to report their gross premiums.

Q: What is the purpose of filing Form IB-4A2?
A: The purpose of filing Form IB-4A2 is to calculate and pay the gross premiums tax owed by protected cell captive insurance companies in North Carolina.

Q: When is the deadline for filing Form IB-4A2?
A: Form IB-4A2 must be filed and the tax payment must be made by March 1st of each year.

Q: Are there any penalties for late filing of Form IB-4A2?
A: Yes, there are penalties for late filing of Form IB-4A2. Failure to file by the deadline may result in penalties and interest being imposed.

Q: What is the gross premiums tax rate for protected cell captive insurance companies in North Carolina?
A: The gross premiums tax rate for protected cell captive insurance companies in North Carolina is 1% of the gross premiums written for North Carolina policies.