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

Form 63-23P Premium Excise Return for Insurance Companies - Draft - 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 need to file Form 63-23P.

Q: What is the purpose of Form 63-23P?
A: The purpose of Form 63-23P is to report and pay the premium excise tax on insurance policies issued 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 tax 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 form on time to avoid penalties.

Q: How do I calculate the premium excise tax?
A: The premium excise tax is calculated based on the premium income from insurance policies issued in Massachusetts.

Q: Are there any exemptions or deductions available on Form 63-23P?
A: Yes, there are certain exemptions and deductions available on Form 63-23P. Consult the instructions and guidelines provided with the form.