Instructions for Form 63-20P Premium Excise Return for Life Insurance Companies - Massachusetts

Form 63-20P Premium Excise Return for Life Insurance Companies - Massachusetts

This document contains official instructions for Form 63-20P , Premium Excise Return for Life Insurance Companies - a form released and collected by the Massachusetts Department of Revenue. An up-to-date fillable Form 63-20P is available for download through this link.

FAQ

Q: What is Form 63-20P?
A: Form 63-20P is the Premium Excise Return for Life Insurance Companies in Massachusetts.

Q: Who needs to file Form 63-20P?
A: Life insurance companies operating in Massachusetts need to file Form 63-20P.

Q: What is the purpose of Form 63-20P?
A: Form 63-20P is used to report and pay the premium excise tax by life insurance companies in Massachusetts.

Q: Is Form 63-20P only for premium excise tax?
A: Yes, Form 63-20P is specifically for reporting and paying the premium excise tax.

Q: When is the deadline to file Form 63-20P?
A: The deadline to file Form 63-20P is typically on or before March 15th of each year.

Q: Are there any penalties for late filing of Form 63-20P?
A: Yes, there are penalties for late filing of Form 63-20P. It is important to file the form by the deadline to avoid penalties.

Q: Are there any exemptions or deductions available on Form 63-20P?
A: Yes, there may be exemptions or deductions available for certain life insurance companies on Form 63-20P. Consult the instructions or a tax professional for more information.

Q: What happens after I submit Form 63-20P?
A: After submitting Form 63-20P, you will receive a confirmation and should keep a copy of the form for your records.