Get the free Form 176-I Preferred Provider Gross Revenue Excise Return

This document serves as an excise tax return for preferred provider organizations in Massachusetts, detailing gross revenue from premiums and allowable deductions.

How to fill out form 176-i preferred provider

How to fill out Form 176-I Preferred Provider Gross Revenue Excise Return

1. Gather all necessary financial records, including gross revenue figures for the relevant period.
2. Download or obtain Form 176-I from the appropriate tax authority's website or office.
3. Fill out the taxpayer identification information at the top of the form, including your name, address, and taxpayer ID number.
4. Complete the section detailing the gross revenue earned from preferred provider services for the period specified.
5. Calculate any deductions or exemptions as applicable and fill them in the designated sections.
6. Review all entries for accuracy and ensure that all required documentation is attached.
7. Sign and date the form, certifying that the information provided is correct to the best of your knowledge.
8. Submit the completed form and any accompanying payments by the filing deadline to avoid penalties.

Who needs Form 176-I Preferred Provider Gross Revenue Excise Return?

1. Healthcare providers who offer services as part of a preferred provider network and are required to report their gross revenue for excise tax purposes.

People Also Ask about

Does RI accept out of state resale certificates?

(Rhode Island retailers should not accept Exemption Certificates from other states.) If the customer is a manufacturer, the customer must present a Manufacturers Exemption Certificate. If the customer is a farmer, the customer must present a copy of the Farmer Tax Exemption Certificate.

What is the gross receipts excise tax?

A gross receipts tax or gross excise tax is a tax on the total gross revenues of a company, regardless of their source.

How do I file a federal excise tax return?

Filing excise tax returns Complete Form 720, Quarterly Federal Excise Tax Return. File Form 720 electronically for immediate acknowledgement of receipt and faster service with an IRS-approved software provider.

Does Rhode Island tax out of state pensions for retirees?

Pension benefit payments are generally considered taxable income under both federal and State of Rhode Island income tax laws.

What is an excise tax form?

Excise taxes are independent of income taxes. Often, the retailer, manufacturer or importer must pay the excise tax to the IRS and file the Form 720. Some excise taxes are collected by a third party. The third party then sends the tax to the IRS and files the Form 720.

Does Rhode Island have a resale certificate?

Rhode Island allows vendors to accept proof that a purchase is for resale in the form of either: A Rhode Island Resale Certificate. Streamlined Sales and Use Tax Agreement Certificate of Exemption.

How to verify a resale certificate in every state?

California Go to the California Department of Tax and Fee Administration. Under the “How Do I…” drop-down menu, select the “Verify a Permit, License or Account Now” button. Answer the first question (“Which taxable activity type information are you searching for?”) by using the dropdown menu to select “Sellers Permit.”

Can I use my resale certificate in another state?

While many states accept resale certificates from out-of-state businesses, some states have restrictions. In these states, businesses must obtain a separate resale certificate directly from the state in which they are making the purchase.

For pdfFiller’s FAQs

What is Form 176-I Preferred Provider Gross Revenue Excise Return?

Form 176-I is a tax return that must be filed by preferred providers to report gross revenue for the purpose of calculating excise taxes.

Who is required to file Form 176-I Preferred Provider Gross Revenue Excise Return?

Preferred providers that receive gross revenue from certain medical services and are subject to excise tax are required to file Form 176-I.

How to fill out Form 176-I Preferred Provider Gross Revenue Excise Return?

To fill out Form 176-I, preferred providers need to provide their business information, report gross revenue from services, calculate the excise tax due, and submit the form by the designated deadline.

What is the purpose of Form 176-I Preferred Provider Gross Revenue Excise Return?

The purpose of Form 176-I is to allow the state to assess and collect excise taxes on the gross revenue generated by preferred providers in the healthcare sector.

What information must be reported on Form 176-I Preferred Provider Gross Revenue Excise Return?

Form 176-I requires reporting of the total gross revenue earned from medical services, any deductions allowable, the calculated excise tax, and other relevant business details.