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 is required to file Form 63-23P?
A: Insurance companies operating in Massachusetts are required to file Form 63-23P.

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

Q: How often is Form 63-23P filed?
A: Form 63-23P is filed annually.

Q: What information is required on Form 63-23P?
A: Form 63-23P requires insurance companies to provide details about their premiums, deductions, exemptions, and calculations for the premium excise tax.

Q: Are there any penalties for late or incorrect filing of Form 63-23P?
A: Yes, there may be penalties for late or incorrect filing of Form 63-23P. It is important to file the form accurately and on time.

Q: Are there any additional forms or schedules that need to be filed with Form 63-23P?
A: Yes, insurance companies may need to file additional forms or schedules depending on their specific circumstances. It is recommended to review the instructions provided with Form 63-23P for any additional filing requirements.