This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form IB-4A2 for the current year.
This document contains official instructions for Form IB-4A2 , Gross Captive Insurance Companies - a form released and collected by the North Carolina Department of Revenue.
Q: What is Form IB-4A2?
A: Form IB-4A2 is the Gross Premiums Tax Return for Captive Insurance Companies in North Carolina.
Q: Who needs to file Form IB-4A2?
A: Captive Insurance Companies in North Carolina need to file Form IB-4A2.
Q: What is the purpose of Form IB-4A2?
A: Form IB-4A2 is used to report and pay the Gross Premiums Tax by Captive Insurance Companies in North Carolina.
Q: What is the due date for filing Form IB-4A2?
A: The due date for filing Form IB-4A2 is March 31st of each year.
Q: Is there a penalty for late filing of Form IB-4A2?
A: Yes, there is a penalty for late filing of Form IB-4A2. The penalty is $25 per day, up to a maximum of $1,000.
Q: Are there any exemptions from filing Form IB-4A2?
A: No, there are no exemptions from filing Form IB-4A2 for Captive Insurance Companies in North Carolina.
Q: What supporting documents should be included with Form IB-4A2?
A: Captive Insurance Companies should include a copy of their audited financial statements and any other information requested by the North Carolina Department of Insurance.
Instruction Details:
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