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CT-33-A-I (2001) Page 3 of 4

Line 19b — Life insurance companies must pay a first

If you think you are not liable for these additional charges,

installment equal to 40% of their preceding year’s tax, while

attach a statement to your return explaining reasonable cause

nonlife insurance companies must pay a first installment equal

for the delay in filing or payment (section 1085).

to 25% of their preceding year’s tax. If a combined report

Note: If you wish, we will compute the interest (line 24) and

includes both life and nonlife companies, determine the

penalty (line 25) for you. Call the Business Tax Information

first installment on a mixed-percentage basis based upon the

Center at 1 800 972-1233.

amount of life and nonlife premiums. Compute the

first installment on the worksheet below:

Line 31 — Collection of debts from your refund — We will

keep all or part of your refund if you owe a past-due legally

Worksheet

enforceable debt to the Internal Revenue Service (IRS) or to a

A. Enter the life insurance company premium

New York State agency. This includes any state department,

included on line 7 of Form CT-33-A ............. A

board, bureau, division, commission, committee, public

B. Enter the total premiums included on

authority, public benefit corporation, council, office, or other

lines 7, 8, and 9 of Form CT-33-A ................ B

entity performing a governmental or proprietary function for the

C. Divide line A by line B to arrive at the life

state or a social services district. We will refund any amount

insurance percentage .................................. C

over your debt.

D. Enter the combined tax due from line 18 of

If you have any questions about whether you owe a past-due

Form CT-33-A .............................................. D

legally enforceable debt to the IRS or to a state agency, contact

E. Multiply line D by the life insurance

the IRS or that particular state agency.

percentage on line C .................................... E

F. Subtract the amount on line E from the

For New York State tax liabilities only, call 1 800 835-3554.

amount on line D .......................................... F

From areas outside the U.S. and outside Canada, call

G. Multiply line E by 40% (.4) ............................... G

(518) 485-6800. You can also write to NYS Tax Department, Tax

H. Multiply line F by 25% (.25) ............................. H

Compliance Division, W A Harriman Campus,

Albany NY 12227.

I. First installment due

(add lines G and H;

enter on line 19b) ..................................................

Line 32 — Enter the total amount of retaliatory tax credits

claimed and any amount of QEZE credit for real property taxes

from Form CT-604, line 31 that are being requested as a refund.

Line 23 — If you underpaid your estimated tax, use

Enter the total on this combined Form CT-33-A.

Form CT-222, Underpayment of Estimated Tax by a

Corporation, to compute the penalty. Enter “0” if no penalty is

Intercompany elimination of income and capital

due.

— Eliminate intercompany dividends included in the combined

Line 24 — If you do not pay the tax on or before the original

return on Schedule P, line 46, to the extent not deducted on

due date (without regard to any extension of time), you must

Form CT-33.

pay interest on the amount of underpayment from the original

— Eliminate all investments and intercompany advances of

due date to the date paid. Exclude from the interest

corporations in the combined group in other corporations in

computation any amount shown on line 19a or 19b,

the combined group on Schedule R, line 50, and on

first installment of estimated tax for next period.

Schedule O, lines 43 and 44.

Line 25 — Compute additional charges for late filing and late

— Eliminate intercompany stock holdings, intercompany bills,

payment on the amount of tax required to be shown on the

intercompany notes receivable and payable, and other

return after deduction of any payment made on or before the

intercompany indebtedness on Schedule Q, line 48.

due date (with regard to any extension of time for filing).

Exclude from the penalty computation any amount shown on

Intercompany elimination for allocation — Premiums ceded

line 19a or 19b, first installment of estimated tax for next period.

to other companies generally are not allocated in Schedule B of

Form CT-33. However, if a company cedes insurance to another

A. If you do not file a return when due or if the application for

company in the combined group, the premiums must be

extension is invalid, add to the tax 5% per month up to 25%

included by the company writing the insurance. If the reinsurer

(section 1085(a)(1)(A)).

allocates the same premium in Schedule B of Form CT-33, an

B. If you do not file a return within 60 days of the due date, the

intercompany elimination is required to exclude the duplicate

addition to tax for item A above cannot be less than the

allocation by the reinsurer.

smaller of $100 or 100% of the amount required to be shown

Eliminate any amount allocated as wages by a corporation in

as taxes (section 1085(a)(1)(B)).

the combined group that is a duplication of an item allocated as

C. If you do not pay the tax shown on a return, add to the tax

wages by another corporation in the combined group.

2% per month up to 25% (section 1085(a)(2)).

D. The total of the additional charges in items A and C above

Schedule T — Limitation of tax (section 1505)

may not exceed 5% for any one month except as provided

Lines 55 and 56 — The limitation tax rate is determined by a

for in item B above (section 1085(a)).

corporation’s status as a life insurance company or a nonlife

insurance company. Enter on line 55 the premiums from

Form CT-33, line 99, for each of the life insurance companies

included in the combined group. Enter on line 56 the premiums

from Form CT-33, line 99, for each of the nonlife insurance

companies included in the combined group.

Instructions For Form Ct-33-A - Insurance Corporation Combined Franchise Tax Return - 2001 Page 3

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