Form 63-29A Ocean Marine Profits Tax Return - Massachusetts

What Is Form 63-29A?

This is a legal form that was released by the Massachusetts Department of Revenue - a government authority operating within Massachusetts. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 63-29A?
A: Form 63-29A is the Ocean Marine Profits Tax Return for taxpayers in Massachusetts.

Q: Who needs to file Form 63-29A?
A: Taxpayers engaged in the business of ocean marine insurance or insurance upon vessels or other watercraft in Massachusetts need to file Form 63-29A.

Q: What is the purpose of Form 63-29A?
A: The purpose of Form 63-29A is to report and remit the ocean marine profits tax liability in Massachusetts.

Q: When is Form 63-29A due?
A: Form 63-29A is generally due on or before the 15th day of the third month following the close of the tax year.

Q: Are there any penalties for late filing of Form 63-29A?
A: Yes, penalties may apply for late filing or failure to file Form 63-29A, along with interest on the unpaid tax liability.

Q: Is Form 63-29A used for both individual and corporate taxpayers?
A: No, Form 63-29A is specifically for corporate taxpayers engaged in the business of ocean marine insurance or insurance upon vessels or other watercraft.