Form IB-53 Gross Premiums Tax Return for Self-insured Workers Compensation Group, Health Maintenance Organization, Hospital or Dental Service Corporation - North Carolina

What Is Form IB-53?

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

FAQ

Q: What is Form IB-53?A: Form IB-53 is a tax return for self-insured workers compensation group, health maintenance organization, hospital, or dental service corporation in North Carolina.

Q: Who needs to file Form IB-53?A: Self-insured workers compensation groups, health maintenance organizations, hospitals, or dental service corporations in North Carolina need to file Form IB-53.

Q: What is the purpose of Form IB-53?A: The purpose of Form IB-53 is to report gross premiums and calculate the gross premiums tax for self-insured workers compensation groups, health maintenance organizations, hospitals, or dental service corporations in North Carolina.

Q: When is Form IB-53 due?A: Form IB-53 is due on or before March 1st of each year.

Q: Are there any penalties for late filing of Form IB-53?A: Yes, there are penalties for late filing of Form IB-53. The penalty for failure to file is $250 per day for each day the return is late, up to a maximum of $25,000.

Q: How can I pay the gross premiums tax?A: The gross premiums tax can be paid by electronic funds transfer (EFT) or by check.

Q: Are there any exemptions or deductions available?A: Yes, there are certain exemptions and deductions available. It is recommended to refer to the instructions accompanying Form IB-53 for more information.

Q: What should I do if I have any questions or need assistance with Form IB-53?A: If you have any questions or need assistance with Form IB-53, you can contact the North Carolina Department of Insurance for guidance.