Ifile Details

The Virginia Form 801 is a document used to file an annual personal income tax return. The form can be filed online or through the mail, and must be submitted by April 15th in order to avoid late filing penalties. In addition to basic personal information, the form requires taxpayers to report their total income and taxable deductions. There are also instructions available on the Virginia Department of Taxation website that provide more detail on how to complete the form. For individuals who earn wages, salaries, tips, commissions, or other compensation for services rendered, it is important to understand what types of income are taxable and what are not.

In order to look at a handful of specific details regarding the form you are likely to work with, here's the data you might want to look at prior to completing the virginia form 801.

QuestionAnswer
Form NameVirginia Form 801
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesassessments, insureds, e-mails, licensing

Form Preview Example

FORM 801

VIRGINIA SURPLUS LINES BROKERS

QUARTERLY TAX REPORT

NEW FOR 2013

Effective for taxable years beginning on and after January 1, 2013, the administration of the insurance premiums license tax has been transferred from the Virginia Bureau of Insurance (BOI) to the Department of Taxation (the Department). Responsibilities transferred to the Department include the processing of tax returns; handling of related payments and billing; customer service functions; and all insurance premiums license tax collections and auditing duties.

The BOI will continue to be responsible for the licensing of surplus lines brokers. In the event that a taxpayer fails to pay its insurance premiums license tax, the BOI will be permitted to suspend or revoke the broker’s license upon notiication from the Department. The BOI will continue to administer the annual maintenance fund assessment.

GENERAL INFORMATION

The Department’s website, www.tax.virginia.gov, has information to help you with your tax iling responsibilities. If you cannot ind what you are looking for, try our Live Chat feature. A representative is available online to assist you.

eForms: File and pay your tax online for free. Simply complete the online version of the paper estimated report by entering the

tax information as you would if you were completing a paper form.

e-Subscriptions: With our free e-Subscriptions service, we’ll send you e-mails on topics you select. You can even get reminders about upcoming return due dates. Sign up today on our website!

Forms Online: Virginia tax forms are available for download.

Secure E-mail: Use our iFile Secure Message Center.

Other Inquiries: Call 804-367-8037 or write to the Virginia Department of Taxation, PO Box 26179, Richmond, VA 23260-6179. Do not mail returns to this address.

INSTRUCTIONS

Filing Requirements: A surplus lines broker must ile this quarterly report, Form 801, if its annual premiums tax liability can reasonably be expected to exceed $1,500 and, during the quarter, it derived direct gross premium income from policies for insureds whose home state is the Commonwealth of Virginia. However, if the amount on Line 8 is $0, Form 801 is not required to be iled for that quarter. Quarterly tax reports must be dated and signed by the surplus lines broker or an agency oficer. In addition, the Virginia Surplus

Lines Broker’s Annual Reconciliation Tax Report, Form 802, must be iled by March 1 following the close of the taxable year, even if no insurance premiums license tax is owed. Refer to Form 802 for further information.

Where To File and Pay: You can ile and pay online with eForms at www.tax.virginia.gov. For paper iling, ile the report with the Virginia Department of Taxation, PO Box 26179, Richmond, VA 23260-6179. The report must be accompanied by a check or money order for the amount due made payable to the Virginia Department of Taxation.

When To File and Pay: The report and payment must be postmarked no later than thirty calendar days after the end of each calendar quarter. Payments are considered timely iled if iled electronically or postmarked on or before midnight of the due date. If the due date falls on a Saturday, Sunday or legal holiday, the report must be postmarked on or before the next business day.

LINE INSTRUCTIONS

Line 1 - Gross Premiums: Enter the gross amount of all premiums, assessments, dues and fees collected, received or derived or obligations taken during the quarter from policies for insureds whose home state is the Commonwealth of Virginia.

Line 2 - Additional Premiums: Enter the amount of premiums written during the quarter for additional insurance coverage for insureds whose home state is the Commonwealth of Virginia as a result of an insurance rider, rate adjustment or advance premium less than actual premium.

Line 4 - Returned Premiums: Enter the portion of premiums returned to an insured whose home state is the Commonwealth of Virginia during the quarter as a result of an insurance rider, policy cancellation, rate adjustment or an excess of advance premium over actual premium.

Line 7 - Credits from Prior Periods: Enter the portion of premiums returned to an insured whose home state is the Commonwealth of Virginia during the quarter as a result of an insurance rider, policy cancellation, rate adjustment or an excess of advance premium over actual premium on which tax has already been paid in a prior quarter of this taxable year. If the amount on Line 7 equals or exceeds the amount on Line 6, do not ile Form 801. Carry the excess forward to your next quarterly report. Refunds are only issued on the annual return, Form 802.

 

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Form 801

Virginia Surplus Lines Brokers Quarterly Tax Report

(Doc ID 801)

For Period Ending

Due Date

 

 

0000000000000000 8018888 000000

Account Number

Broker License Number

 

 

Name of Surplus Lines Broker

Address

City, State and ZIP

I declare that this report (including accompanying schedules and statements) has been examined by me and to the best of my knowledge and belief is true, correct and complete.

 

 

Ofice Use

 

 

 

 

 

/

/

 

1.

Gross Premiums

1.

 

 

 

 

 

 

2.

Additional Premiums

2.

 

 

 

 

 

 

3.

Total Premiums (Line 1 plus Line 2)

3.

 

 

 

 

 

 

4.

Returned Premiums

4.

 

 

 

 

 

 

5.

Taxable Premiums (Line 3 minus Line 4)

5.

 

 

 

 

 

 

6.

Premiums Tax (Multiply Line 5 by 2.25%) .

6.

 

 

 

 

 

 

7. Credits from Prior Periods . . . . . . . . . . . 7.

8. Total Amount Due

 

 

 

 

(Line 6 minus Line 7)

8.

.

 

 

 

 

 

 

Surplus Lines Broker/Agency Oficer Signature

Date

Phone Number

VA DEPT OF TAXATION REV. 07/12