Schedule U-INS: Payment to Insurance Companies Under Common Ownership (2024)

What you'll need

The form asks for the following information:

• The member’s name and Federal Identification number.
• The insurance affiliate’s name and Federal Identification number, if applicable.
• The principal reporting corporation’s name and Federal Identification number.
• The type of U.S. and Massachusetts tax returns filed by the insurance affiliate, if any.
• The amount deducted for premiums paid directly or indirectly to the insurance affiliate.
• Deductions for all other amounts paid directly or indirectly to the insurance affiliate.
• The calendar year or taxable period covered.

The form does not list specific supporting documents to attach.

How to file

File electronically. The form states that paper returns will not be accepted.

For questions about electronic filing, call 617-887-6367. See the Massachusetts Department of Revenue’s electronic filing and payment requirements for more information. The form also refers to TIRs 16-9 and 21-9.

Common mistakes

• Sending a paper return: The form is e-file only. Paper returns will not be accepted.

Questions people ask

What tax year is this schedule for?

This version is for calendar year 2024 or a taxable period beginning in 2024.

Which payments does the schedule ask about?

Line 1 asks for the amount deducted for premiums paid directly or indirectly to an insurance affiliate. Line 2 asks for deductions for all other amounts paid directly or indirectly to that affiliate.

What if the insurance affiliate did not file a tax return?

The form includes a “Did not file” option for both the U.S. tax return and the Massachusetts tax return questions.

Can I file a paper copy?

No. The form requires electronic filing and states that paper returns will not be accepted. For electronic filing questions, call 617-887-6367.

Official sources

• https://www.mass.gov/lists/dor-tax-forms-and-instructions