Get the free Form 63 FI

This document is a financial institution excise return for the year 2002, used by corporations to report their financial activity and calculate the excise tax owed to the state of Massachusetts.

How to fill out form 63 fi

How to fill out Form 63 FI

1. Obtain Form 63 FI from the official website or authorized office.
2. Read the instructions carefully to understand the requirements.
3. Fill in your personal details, including name, address, and contact information.
4. Provide the necessary identification numbers as required by the form.
5. Specify the purpose of the form in the designated section.
6. Attach any required supporting documents as indicated in the instructions.
7. Review the completed form for accuracy and completeness.
8. Sign and date the form at the bottom where indicated.
9. Submit the form to the appropriate office either in person or via mail.

Who needs Form 63 FI?

1. Individuals applying for a specific certificate or license that requires Form 63 FI.
2. Professionals needing to fulfill legal obligations related to their field.
3. Entities participating in transactions or activities mandated by regulations.

People Also Ask about

What is the financial institution excise tax in Massachusetts?

S Corporation Financial Institutions Financial institution S corporations with receipts of $9,000,000 or more pay an income measure of excise at a rate of 4.0% on income allocated or apportioned to Massachusetts. S corporations with receipts of at least $6,000,000 but less than $9,000,000 pay tax at a rate of 2.67%.

Do LLC pay excise tax in Massachusetts?

While LLCs and partnerships aren't subject to excise tax, any personal income made is subject to taxation under individual state tax returns. Corporations that operate in Massachusetts are subject to Massachusetts's corporate excise tax.

How do I know if I have to pay excise tax?

Federal excise tax is usually imposed on the sale of things like fuel, airline tickets, heavy trucks and highway tractors, indoor tanning, tires, tobacco and other goods and services.

What is form 63?

FORM 63. Account Of Receipts And Payments By Receiver Or Manager. (COMPANIES REGULATIONS, 1966 - P.U. 173/66)

What is the excise tax in Massachusetts?

The excise rate is $25 per $1,000 of your vehicle's value. It is charged for a full calendar year and billed by the community where the vehicle is usually garaged. If your vehicle is registered in Massachusetts but garaged outside of Massachusetts, the Commissioner of Revenue will bill the excise.

Who has to pay MA corporate excise tax?

A general business corporation is typically subject to the tax jurisdiction of Massachusetts when it owns or uses property in the state, has employees in the state or is otherwise doing business in the state. If a corporation is subject to Massachusetts' tax jurisdiction it is said to have nexus with the Commonwealth.

For pdfFiller’s FAQs

What is Form 63 FI?

Form 63 FI is a financial form used for reporting certain financial information to tax authorities, often related to investments and income.

Who is required to file Form 63 FI?

Individuals or entities that meet specific income thresholds or investment criteria as defined by the tax authorities are required to file Form 63 FI.

How to fill out Form 63 FI?

To fill out Form 63 FI, gather all necessary financial documents, follow the instructions on the form, and provide accurate information regarding income, deductions, and any related financial activities.

What is the purpose of Form 63 FI?

The purpose of Form 63 FI is to ensure compliance with tax regulations by providing a comprehensive report of financial activities that may affect tax liability.

What information must be reported on Form 63 FI?

Information that must be reported on Form 63 FI typically includes total income, sources of income, deductions, and other relevant financial details.