Form 802 - Virginia Insurance Premiums License Tax Surplus Lines Broker'S Annual Reconciliation Tax Report - 2014
Download a blank fillable Form 802 - Virginia Insurance Premiums License Tax Surplus Lines Broker'S Annual Reconciliation Tax Report - 2014 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form 802 - Virginia Insurance Premiums License Tax Surplus Lines Broker'S Annual Reconciliation Tax Report - 2014 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3INSTRUCTIONS FOR FILING THE 2014 FORM 802
THE VIRGINIA SURPLUS LINES BROKER’S ANNUAL RECONCILIATION TAX REPORT
NEW FOR 2013
percentage of premium attributed to it under such
insurance contract.
Effective for taxable years beginning on and after
January 1, 2013, the administration of the Insurance
The Department’s website, ,
Premiums License Tax has been transferred from
contains information that is available to help you with
the Virginia State Corporation Commission’s Bureau
your tax filing responsibilities. If you cannot find what
of Insurance (BOI) to the Department of Taxation
you are looking for, try the Department’s Live Chat
(the Department). Responsibilities transferred to the
feature. A representative will be available to assist
Department include the processing of tax returns, the
you.
handling of related payments and billing, customer
eForms: File and pay your tax online for free. Simply
service functions, collections and certain auditing
complete the online version of the quarterly report or
duties.
annual reconciliation tax report by entering the tax
The BOI will continue to be responsible for the
information as you would if you were completing the
licensing of surplus lines brokers. In the event
paper form.
that a taxpayer fails to pay its Insurance Premiums
e-Alerts: With the Department’s free eAlerts service,
License Tax, the BOI will be permitted to suspend or
you will periodically receive electronic newsletters
revoke the broker’s license upon notification from the
about legislative changes, filing reminders, and other
Department. The BOI will continue to administer the
relevant information on topics that you select. Sign up
annual maintenance fund assessment.
today on the Department’s website.
During the 2013 session, the Virginia General
Forms Online: Virginia tax forms are available for
Assembly enacted House Bill 2155 Senate Bill 1216.
download on the Department’s website.
The 2013 legislation waived penalty and interest for
Other Inquiries: Call (804) 367-8037 or write Virginia
quarterly estimated payments made by surplus lines
Department of Taxation, PO Box 1115, Richmond,
brokers.
This legislation also clarified the interest
VA 23218-1115. Do not mail returns to this address.
rules related to insurance companies and increased
the billing period so that it is consistent with the
Filing Requirement: The Virginia Surplus Lines
Department’s existing policies.
Broker’s Annual Reconciliation Tax Report, Form 802,
must be filed by every surplus lines broker or person
GENERAL INFORMATION
required to be licensed as a surplus lines broker by
Every licensed surplus lines broker or any person who
March 1 following the close of the taxable year, even if
is required to be licensed as a surplus lines broker is
no Insurance Premiums License Tax is owed.
required to pay the Insurance Premiums License Tax
Where to File and Pay: You can file and pay online with
on each policy of insurance procured by him during
eForms at . For paper filing, file
the preceding calendar year with an insurer that is
the report with the Virginia Department of Taxation,
not licensed to transact business in Virginia. Such
PO Box 26179, Richmond, VA 23260-6179. If a tax
payments shall be made based on the direct gross
is owed, the paper report must be accompanied by
premium income derived from policies for insureds
a check or money order for the amount due made
whose home state is in Virginia.
payable to the Virginia Department of Taxation.
For purposes of determining whether direct gross
When to File and Pay: Your Virginia Surplus Lines
premium income is derived from such policies,
Broker’s Annual Reconciliation Tax Report must be
“home state” means (i) the state in which an insured
postmarked no later than March 1, 2015. Payments
maintains its principal place of business or, in the case
are considered timely filed if they are filed electronically
of an individual, the individual’s principal residence
or postmarked on or before midnight of the due date.
or (ii) if 100 percent of the insured risk is located out
If the due date falls on a Saturday, Sunday or legal
of the state referred to in clause (i) of this definition,
holiday, the report must be postmarked on or before
the state to which the greatest percentage of the
the next business day. For more information, call the
insured’s taxable premium for that insurance contract
Office of Customer Services at (804) 404-4163.
is allocated. When more than one insured from
an affiliated group is named an insured on a single
Amended Returns: If it becomes necessary to amend
insurance contract, “home state” means the state of
a previously filed Virginia report, prepare a new Form
the member of the affiliated group that has the largest
802 with the corrected figures. Check the “Amended
Page 1
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial