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 a 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 on life insurance policies issued in Massachusetts.

Q: When is Form 63-20P due?A: Form 63-20P is due on or before the 15th day of the third month following the end of the company's fiscal year.

Q: What information is required on Form 63-20P?A: Form 63-20P requires information such as gross premiums written, net premiums written, gross premiums received, and net premiums received.

Q: Are there any penalties for late filing of Form 63-20P?A: Yes, there are penalties for late filing of Form 63-20P, including interest charges on the unpaid tax amount.

Q: What other supporting documents may be required with Form 63-20P?A: Supporting documents such as schedules showing details of premiums earned and expenses incurred may be required along with Form 63-20P.

Q: Who can I contact for more information regarding Form 63-20P?A: For more information about Form 63-20P, you can contact the Massachusetts Department of Revenue directly.