Instructions for Form 63-23P Premium Excise Return for Insurance Companies - Massachusetts

Form 63-23P Premium Excise Return for Insurance Companies - Massachusetts

This document contains official instructions for Form 63-23P , Premium Excise Return for Insurance Companies - a form released and collected by the Massachusetts Department of Revenue. An up-to-date fillable Form 63-23P is available for download through this link.

FAQ

Q: What is Form 63-23P?
A: Form 63-23P is the Premium Excise Return for Insurance Companies in Massachusetts.

Q: Who needs to file Form 63-23P?
A: Insurance companies operating in Massachusetts that are subject to the premium excise tax.

Q: What is the purpose of Form 63-23P?
A: Form 63-23P is used to report and calculate the premium excise tax liability of insurance companies in Massachusetts.

Q: When is Form 63-23P due?
A: Form 63-23P is due on or before the 15th day of the third month following the end of the taxable year.

Q: Are there any penalties for late filing of Form 63-23P?
A: Yes, there are penalties for late filing of Form 63-23P. It is important to file the return on time to avoid these penalties.

Q: What should I do if I need more time to file Form 63-23P?
A: You can request an extension of time to file by filing Form M-8736, Application for Automatic Six-Month Extension of Time to File Massachusetts Income Tax Return for Fiduciaries and Other Than Fiduciaries.

Q: Can I file Form 63-23P electronically?
A: Yes, the Massachusetts Department of Revenue provides an option to file Form 63-23P electronically.

Q: What supporting documents should I attach to Form 63-23P?
A: You should attach schedule(s) supporting the amounts reported on Form 63-23P, as well as any other required documentation.