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INSTRUCTIONS: NEVADA ANNUAL INSURANCE PREMIUM TAX RETURN (Form IPT-R)

Nevada businesses and residents pay their annual insurance premium tax using the form discussed in this article. This form can be obtained from the website of the Nevada Department of Taxation.

Nevada Annual Insurance Premium Tax Return IPT-R Step 1: In the top right-hand corner, enter your tax identification number, federal ID, premium tax, retaliatory tax and total remittance.

Nevada Annual Insurance Premium Tax Return IPT-R Step 2: On line 1, enter the total premium tax and considerations.

Nevada Annual Insurance Premium Tax Return IPT-R Step 3: On line 2, follow the directions to determine the gross premium tax owed.

Nevada Annual Insurance Premium Tax Return IPT-R Step 4: If qualified, calculate the amount of home office credit applicable on line 3a as instructed.

Nevada Annual Insurance Premium Tax Return IPT-R Step 5: If qualified for this credit, enter the amount of ad valorem taxes paid on line 3b.

Nevada Annual Insurance Premium Tax Return IPT-R Step 6: If applicable, enter the maximum credit allowed on line 3.

Nevada Annual Insurance Premium Tax Return IPT-R Step 7: On line 3d, enter your allowable home office credits.

Nevada Annual Insurance Premium Tax Return IPT-R Step 8: Subtract line 3d from line 2. enter the resulting difference on line 4.

Nevada Annual Insurance Premium Tax Return IPT-R Step 9: Enter the life/health guaranty association offset on line 5.

Nevada Annual Insurance Premium Tax Return IPT-R Step 10: Enter the property/casualty guaranty association credit on line 6.

Nevada Annual Insurance Premium Tax Return IPT-R Step 11: Enter total overpayments applied from previous years on line 6A.

Nevada Annual Insurance Premium Tax Return IPT-R Step 12: Enter total overpayments refunded by Nevada for the year listed on line 6B.

Nevada Annual Insurance Premium Tax Return IPT-R Step 13: Enter your net premium tax due on line 7.

Nevada Annual Insurance Premium Tax Return IPT-R Step 14: If filing late, calculate your penalty due as instructed on line 8.

Nevada Annual Insurance Premium Tax Return IPT-R Step 15: If filing late, calculate the interest owed as instructed on line 9.

Nevada Annual Insurance Premium Tax Return IPT-R Step 16: Enter the sum of lines 7 through 9 on line 10.

Nevada Annual Insurance Premium Tax Return IPT-R Step 17: Sign and print your name. Provide the date, your phone number and email address.