Enlarge image | R-620INS (1/19) FILING PERIOD Request for Refund of Louisiana Citizens Property Insurance Corporation or Corporation Assessment Nontaxable Entity 2019 Legal Name Louisiana Revenue ➜ Account Number Trade Name ➜ If you DO NOT have a Louisiana Revenue Account Number, mark this box. Address Area code & ➜ daytime telephone number City State ZIP ➜ For amended return, mark this box. Louisiana Revised Statute 47:6025 allows a refundable tax credit equal to 25 percent of the Louisiana Citizens Property Insurance assessment that was paid by a corporation or a nontaxable entity between January 1, 2019, and December 31, 2019 as a part of its property insurance premium. You may claim the Louisiana Citizens Property Insurance Corporation assessment refund on this form or on the entity’s income tax return, but not on both forms. Claiming the refund on both forms will delay the income tax return for review. One Property If the corporation or nontaxable entity paid the Louisiana Citizens Property Insurance Corporation assessment for only one property, list the property’s address, the insurance company’s name, and the insurance policy number in the boxes below. Enter the amount of the paid assessment below on Line 1. Address of Property Insurance Company’s Name Policy Number More Than One Property If the corporation or nontaxable entity paid the Louisiana Citizens Property Insurance Corporation assessment for more than one property, complete the Supplement Schedule for Refund of Louisiana Citizens Property Assessment, Form R-INS Supplement, and attach it to this return. Enter the total amount of assessments paid for all properties listed on the supplement schedules on Line 1 below. YOU MUST ATTACH A COPY OF YOUR INSURANCE DECLARATION PAGE FOR ALL PROPERTIES. REFUND 1. Enter the amount of the total assessment paid. ........................................ 2. REFUND - Multiply Line 1 by 25 percent (.25). ........................................ Under the penalties of perjury, I declare that I have examined this return, including all accompanying documents, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which he has any knowledge. I also consent that the Louisiana Department of Revenue may contact my insurance company/companies to verify the amount of the Louisiana Citizens Property Insurance Corporation assessment paid, and I further direct my insurance company/companies to provide the Citizens Insurance Assessment information to the Louisiana Department of Revenue upon request. Name of Officer Signature of Officer Title of Officer Date (mm/dd/yyyy) Telephone Print Preparer’s Name Preparer’s Signature Date (mm/dd/yyyy) Check ■ if Self-employed PAID PREPARER Firm’s Name ➤ Firm’s FEIN ➤ USE ONLY Firm’s Address ➤ Telephone ➤ MAIL TO: For Office PTIN, FEIN, or LDR Account Number Louisiana Department of Revenue Use Only. of Paid Preparer P. O. Box 3576 2955 Baton Rouge, LA 70821-3576 |
Enlarge image | R-620INS(i) (1/19) Mail return to: Instructions for Preparing the 2019 Louisiana Louisiana Department of Revenue Request for Refund of Louisiana Citizens Property Insurance P. O. Box 3576 Corporation Assessment (R-620INS) Baton Rouge, LA 70821-3576 About this Form The return has been designed for electronic scanning, which permits faster processing with fewer errors. In order to avoid unnecessary delays caused by manual processing, taxpayers should follow the guidelines listed below: 1. A corporation or nontaxable entity may file this form to claim its refund of the Louisiana Citizens Property Insurance Corporation assessment(s) that was paid during calendar year 2019. Nontaxable entities include organizations described in either sections 401(a) or 501 of the Internal Revenue Code such as churches, not-for-profit hospitals, charities, community foundations, as well as public entities such as municipalities and school boards. The claim for refund is limited only to the amount of the insurance assessment paid as a result of the additional assessments for Louisiana Citizens Property Insurance Corporation. The amount that is claimed for refund may not include premium taxes paid. 2. Enter the amount only on the line that is applicable. 3. Complete the form by using a pen with black ink. 4. Because this form is read by a machine, please enter your numbers inside the boxes like this: 1 2 3 4 5 6 7 5. All numbers should be rounded to the nearest dollar. 6. Numbers should NOT be entered over the pre-entered zeros, in the boxes on the far right, which are used to designate cents (.00). 7. If the corporation or nontaxable entity is filing an amended return, mark an “X” in the “Amended Return” box. 8. Failure to attach the Insurance Declaration Page will result in the Request for Refund form being returned to you. Name, address, and Revenue Account Number – Enter the corporation’s or nontaxable entity’s legal name, address, and Revenue Account Number in the space provided. If the corporation or nontaxable entity does not have a Louisiana Revenue Account Number, mark the box below the account number field. Information concerning the assessment amounts and Insurance Declaration Page – The amount of this assessment may appear as separate line items on what is referred to as the “Declaration Page” of the property insurance premium notice. The Declaration Page names the policyholder, describes the property or liability to be insured, type of coverage, and policy limits. Depending on the location of the insured property, these line item charges may be listed as: Louisiana Citizens FAIR Plan REGULAR Assessment, Louisiana Citizens FAIR Plan EMERGENCY Assessment, Louisiana Citizens Coastal Plan REGULAR Assessment, and/or Louisiana Citizens Coastal Plan EMERGENCY Assessment. The total assessment paid is the total of these amounts, if they are shown on the Declaration Page. Important note: If you are a customer of the Louisiana Citizens Insurance Corporation and you paid the Tax Exempt Surcharge, this surcharge may not be claimed. • Enter the address of the property, the insurance company’s name, and the policy number in the spaces provided. Enter the amount of the paid assessment in the appropriate boxes on Line 1. Multiply Line 1 by 25 percent (.25) and enter on Line 2. • Does the corporation or nontaxable entity own more than one property that incurred an assessment? If the corporation or nontaxable entity had more than one property during 2019 that incurred an assessment, prepare and attach Form R-INS Supplement. For more than four properties, use additional R-INS Supplement forms. Please attach the Declaration Page for each property listed. Add all of the assessments that appear on the R-INS Supplement Form, and enter the total on Line 1. Multiply Line 1 by 25 percent (.25) and enter on Line 2. 9. Sign and date the return. Mail the return to the address at the top of this form. Paid Preparer Instructions If your return was prepared by a paid preparer, that person must also sign in the appropriate space, complete the information in the “Paid Preparer Use Only” box and enter his or her identification number in the space provided under the box. If the paid preparer has a Preparer Tax Identification Number (PTIN), the PTIN must be entered in the space provided under the box, otherwise enter the Federal Employer Identification Number (FEIN) or LDR account number. If the paid preparer represents a firm, the firm’s FEIN must be entered in the “Paid Preparer Use Only” box. The failure of a paid preparer to sign or provide an identification number will result in the assessment of the unidentified preparer penalty on the preparer. The penalty of $50 is for each occurrence of failing to sign or failing to provide an identification number. |