Sample Form INS7143 Domestic Property and Casualty Franchise Tax - Ohio

Sample Form INS7143 Domestic Property and Casualty Franchise Tax - Ohio

What Is Form INS7143?

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

FAQ

Q: What is INS7143 Domestic Property and Casualty Franchise Tax?
A: INS7143 is a form used for reporting and paying the franchise tax for domestic property and casualty insurance companies in Ohio.

Q: Who is required to file INS7143?
A: Domestic property and casualty insurance companies operating in Ohio are required to file INS7143.

Q: What is the purpose of the franchise tax?
A: The franchise tax helps support various state programs and services, including education and infrastructure.

Q: How often does INS7143 need to be filed?
A: INS7143 must be filed annually, by the last day of March.

Q: What information is required on INS7143?
A: INS7143 requires information about the company's net premium written in Ohio, net losses paid in Ohio, and other specific details about the company's operations.

Q: What are the consequences of not filing INS7143?
A: Failure to file INS7143 can result in penalties and interest being assessed on the unpaid tax amount.

Q: Are there any exemptions to the franchise tax?
A: Certain small insurance companies may qualify for exemptions from the franchise tax. It is recommended to consult the Ohio Department of Insurance for specific eligibility requirements.

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Form Details:

  • The latest edition provided by the Ohio Department of Insurance;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form INS7143 by clicking the link below or browse more documents and templates provided by the Ohio Department of Insurance.

Download Sample Form INS7143 Domestic Property and Casualty Franchise Tax - Ohio

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