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Form 6000i Fillable Forms 6000 and 6020 (Formerly Forms 611 and 611SF) 2013 Alaska Corporation Net Income Tax Return Instructions
(all forms fillable on Windows, Mac, Android tablets, and iPad using Adobe Reader XI)
1 Schedule H (Alaska Income) through line 10 2 Schedule J (capital gains/losses) including capital A box has added to page 1 to report the NAICS code of the A federal extension automatically extends the Alaska filing Affiliated group includes tax haven corporations: amended return If you are amending a return for 2012 or an Amended return: Check this box if this return is an AS 43 20 145(a)(5) requires that a corporation doing At least $500 At least 10% of the expected tax liability and Banking insurance financing leasing investing or similar Business involving production or extraction for which a depletion Checkboxes on page 1 Return Information have been Construction transportation utility or fisheries business Election to waive carryback period for net operating loss: Farming including timber Final Alaska return: Check this box if you do not expect to Hotel motel restaurant or similar business If as if taxable income is greater than zero If as if taxable income is less than or equal If this is an amended return filed to make a protective If this is an amended return filed to report audit changes Increase in tax liability due to cessation of commercial Line 2d: Remove the income or loss of companies included in line Look back interest is based on federal interest rates and Performance of services in health law engineering Public Law 86 272 (P L 86 272): Check this box if the Recapture of (federal) low income housing credit must be Recapture of Alaska investment tax credit is subject to federal Report only the excess capital loss (from other tax years) Report only the net operating loss (NOL) utilized in the Revenue Online Since this is a transition year these instructions S corporations use line 5 to report built in gains or excess net Schedule I Apportionment Factor requires by company Schedule K Charitable Contribution: We have added a Schedule L Dividends Received Deduction (DRD): We Small corporation exemption: Check this box if the The Alaska credit for prior year minimum tax is entered The return has been redesigned to accommodate amended (3) must still file a complete Alaska corporate income tax return (a) the existence of centralized departments that perform (attributable to dividends qualifying for 100% DRD) (b) centralized executive officers who are involved in planning (for a particular factor) are zero disregard that factor and divide (Form 6000 only) (Form 6000 only) (Form 6000 only) (Form 6000 only) (Formerly Forms 611 and 611SF) (in excess of the overpayment reported on the original return) then (intercompany dividends) Do not enter dividends between (losses) from federal Form 4797 line 7 attributable to the combined (page 1) with the S Corporation box on page 1 checked Alaska (property payroll sales) that corporation has in Alaska The list (Schedule K line 8) (See Combined Report on page 7 ) An affiliated group is a group (see instructions above) (tax years beginning before 8/26/13) (tax years beginning on or after 8/26/13) (water s edge taxpayers) must complete lines 2a 2g These lines 0405 6000i Rev 01/01/14 page 1 0405 6000i Rev 01/01/14 page 2 05 310 1 0 on line 14 1 000 1 500 1 Current as of date of publication 1 that are not included in the unitary business of the taxpayer(s) 1 that are part of the taxpayer s unitary business but whose U S 1 through 2e 1 through 4 of Form 1120S pages 1 through 6 of the Form 1 to indicate amended return If you are amending a return 1) A copy of pages 1 through 5 of federal Form 1120 pages 1) Call the DOR for information about the processing of the return 1) On page 1 in the Return Information section check the Small 1) owning or using property in the state including leased or 1) Same type of business Corporations are generally engaged 1) Use the correct form and schedules Non affiliated corporations 10 000 10 000 10 830 11% compounded quarterly to 3 75%1 calculated as simple 1120 F includes all income of the corporation 1120 line 8 reported by members of the combined group Do not 1120 Schedule J attributable to the combined 1120 was filed electronically you must include a copy of the 1120F etc for the tax year 12/31/13 For rates prior to 1/1/14 refer to our website at www 124 000 124 000 148 000 148 000 15 2014 to allow corporations to take advantage of new online 15th day of the third month after the close of the tax year See 173 000 173 000 198 000 198 000 2 1/2 months after the close of the tax year is subject to a failure 2 100 2 800 2 Current as of date of publication 2 Form 6385 Tax Attribute Carryovers must be attached to claim 2) File with the correct taxpayer name If the Alaska taxpayer is 2) If Form 1120 is electronically filed attach a copy of the 2) presence of employees in the state for business purposes; 2) Respond to certain DOR notices about math errors offsets 2) Steps in a vertical process Corporations are engaged in a 2) You must attach a copy of pages 1 5 of the corporation s 20 000 20 000 20 F or other audited financial statements that readily discloses 2013 Alaska Corporation Net Income Tax Return 222 000 222 000 or more 25 000 25 000 272 then that corporation checks the appropriate box 2a 2g and enter the amount from line 1 on line 3 3 600 3 Schedule K (charitable contributions) 3) making sales into the state; or 3) Strong centralized management Corporations that might 3) The water s edge combined reporting method is mandatory in 3) Where a consolidated federal return is filed attach copies of 3) You must attach a copy of federal Form 851 if the corporation 30 000 30 000 30 days of the due date for the federal return Note that the 3800 with applicable supporting federal forms and copies of 4 500 4 Schedule L (dividends received deduction) 4) If the corporation is part of a foreign based parent subsidiary 4) Provide the name and phone number of a contact person who 4) Schedules M 3 and supporting schedules 4) the generation of income from sources within the state without 40 000 40 000 43 20 012(a)(3) To be exempt the corporation must meet 43 20 047(h) Use Form 6323 to calculate the increase in tax 43 20 049 The amount of credit is 10% of qualified expenditures 49 000 49 000 5 Calculate as if Alaska taxable income (Schedule A 5) do not complete Schedule D 5) do not complete Schedule E 5) If this is a consolidated Alaska return then you must complete 5) Schedule D and supporting schedules 50 000 50 000 6 Enter the allowable capital loss carryback in the 6) Form 4797 and supporting schedules 6) If this taxpayer and one or more other Alaska taxpayers are 60 000 60 000 6000 but may be applicable to the short Form 6020 as specified 6000 Complete column C through line 18 and enter this amount 6000 only) 6000 Schedule E line 5 611SF 611X or 611N 6220 Underpayment of Estimated Tax by Corporations 7 Complete the remainder of the return 7) Attach a schedule as required by the forms Schedules 7) Credits: If claimed on the Alaska return include copies of Form 70 000 70 000 7004 if applicable 74 000 74 000 8) Attach a copy of the signed federal income tax return of the 8) Extension: Form 7004 if applicable 80 000 80 000 8d column A plus the part of the dividends on Schedule L line 8f column A from 20% or 8d column C plus the amount from Schedule L line 8f column C that is attributable to 9) To avoid interest and penalties pay any tax due within two and 90 000 90 000 or more 907 465 2320 or visit www tax alaska gov for information 99 000 99 000 990 T etc ) The copy must be of the return actually filed with the a 2013 return the form has a checkbox on page 1 to indicate A business is unitary if the entities involved are under common a capital loss carryback cannot create or increase a current net A check must be submitted with the appropriate return or payment a consolidated Alaska return Additionally two or more taxpayers a corporate return for Alaska Every effort is made to ensure that A corporation claiming P L 86 272 protection files a return and A corporation is required to file an amended Alaska return to report A corporation that claims exemption under AS 43 20 012(a) A corporation that does not file its complete return by the due date A corporation that does not pay the full amount of tax due within A corporation that has overpaid its estimated tax for the tax year A corporation with nexus in Alaska but which does not have 20% a dividends received deduction because they have already been a domestic corporation Alternatively the taxpayer may elect to A federal extension automatically extends the Alaska filing due a member of a federal consolidated group then the name on a net operating loss unused capital losses or excess charitable A partnership doing business in the state having one or more A pro forma return will not fulfill this requirement Failure to A protective refund claim is filed to preserve the taxpayer s right to a qualified small business meeting the requirements below: A REIT that meets the 50% ownership test is required to be a salmon hatchery permit holder is exempt from tax under Alaska A taxpayer making a payment by wire transfer is required to notify A taxpayer may pay taxes electronically by using OTIS or Revenue A taxpayer with business income attributable to sources within a vertically structured enterprise For example corporations A water s edge report generally combines only those members of AAC 20 135(f) and (g) AAC 20 300(e) and (f) for further information AAC 20 610 If an insurance company pays Alaska premium tax accept ACH credit or credit card transactions If a taxpayer is using accepts amended returns on Forms 611X or 611N An amended accordance with Internal Revenue Code Sections 243 247 in accrued interest at 3 75% from 1/1/14 and any interest balance accrued interest at 3 75% from 1/1/14 and the interest balance at activity limited to Alaska and who report no non business income Add back capital loss carryback amount included in Schedule J line 9 Add lines 1 2 If < 0 STOP Enter amount from Schedule L line 9 on Schedule H line added or modified added to or removed from those included in line 1 to arrive at the addition AS 43 20 160 and AS 43 20 300 require the DOR to apply addition to tax calculated at ordinary tax rates on Schedule D additional box You must attach a complete copy of the additional tax liability) or otherwise represent the corporation Additions to Instructions additions to tax liability applicable through Alaska s adoption of the Adjusted Seasonal Installment Method or the Annualized Income adjustment for inter group transactions that are not reflected in the adjustment is finalized is later than the date on federal Form 4549 Adjustments to Federal Income Tax Liability Adjustments to Federal Income Tax Liability 9 Adoption of the Internal Revenue Code Adoption of the Internal Revenue Code 6 affected by the expiration of the statute of limitations period for affiliates then remove unitary affiliates that have less than 20% after 2013 enter the amount of carryback to be utilized in the after the final determination of the federal adjustment to avoid agree to the totals reported on the form Alaska alternative minimum tax previously Alaska alternative minimum tax previously paid to Alaska since Alaska applies both the transactional and functional tests of Alaska charitable contribution deduction limited by its Alaska Alaska consolidated returns resemble but do not mirror the Alaska Corporation Application for Quick Refund of Estimated Tax Alaska corporation is claiming protection under P L 86 Alaska credit for prior year minimum tax (AMT credit) is based Alaska credit for prior year minimum tax Lesser Alaska Credit for Prior Year Minimum Tax Worksheet ALASKA DEPARTMENT OF REVENUE Alaska for all corporations except oil and gas corporations A alaska gov for current status of the 2013 filing alaska gov for the current status of the 2013 filing season alaska gov If the payment covers multiple tax years prepare a Alaska group will check the P L 86 272 box on Schedule Alaska has not filed a tax return and may subject the corporation Alaska imposes both the federal excess net passive income Alaska includes insurance companies in the combined group Alaska Interest Rates Alaska Interest Rates 9 Alaska on lines 8 and 14 as appropriate Taxpayers using the Alaska provides a Voluntary Disclosure Program to qualified Alaska regulations provide that intercompany transactions Alaska return Generally an S Corporation will satisfy its filing Alaska return if it is not required to file Form 990 T Alaska taxable income and not its federal taxable income Alaska taxable income reported on line 1 then enter the amount of All factor calculations (lines 4 8 12 and 14) must be rounded to allocated and apportioned net capital losses from prior years Do Allocation and Apportionment of Income Allocation and Apportionment of Income 8 allocation and apportionment the 10% taxable income limitation Allocation refers to the assignment of non business income to a allowable allowance could be claimed also be used to claim a Carryback of NOL or capital losses also true if the IRS extends a due date because of events such Also use this line to report the foreign sales corporation s profit amended return shows an overpayment amended return You must file a complete return to amend Amended Returns Amended Returns 9 amount at any date after 12/31/13 will include the tax balance amount is then multiplied by 18% but is not apportioned amount of the federal AMT that is applicable to the water s edge amount on line 11c Amount Over an Alaska consolidated group then that corporation must be an Alaska dividends received deduction for the REIT dividends an Alaska taxpayer If this taxpayer or consolidated group has An amended return must be filed as a complete return If you an extension of time to pay An LLC doing business in the state must file an Alaska return An S Corporation doing business in Alaska is required to file an Anchorage: 907 269 6620 and a copy of the signed federal Form 1065 pages 1 5 and any other form of remuneration paid directly to employees for and apportioned dividends included in Alaska taxable income and and attach schedule by category of income and attach schedule by category of income Enter on line 4b and attached to the tax return and disposition of the property constitute integral parts of the and Gulf Opportunity Zones If the taxpayer qualifies for special And Losses and losses which must be reported on Schedule J line 1 and new numbers are shown in the table below See further and outside Alaska must apportion such income To calculate the and Profits as reported on federal Form 5471 Please refer to 15 and return preparation and tax brackets are changed The lowest tax rate of 1% was and to calculate the amount of charitable contribution carryover to and write Amended Return preferably in red across the top of annual accounting period of the taxpayer an interim closing of the annualized method has been removed from page 1 Return any amendment of the taxpayer s federal income tax return or any refund check bind the corporation to anything (including any APPENDICES Appendix A Appendix A Worksheet for Charitable Contribution Appendix B Appendix B Worksheet for Dividends Received Deduction 16 applicable applicable Internal Revenue Code provisions applicable to that corporation applicable) A PTP does not file Form 6900 unless it files as a Application for Voluntary applied For further details please refer to Alaska Regulation 15 Apportioned tentative credit Multiply line 2 by apportioned to Alaska (18% does not apply) Attach a copy of apportionment Enter the taxpayer s current gains and losses Apportionment factor apportionment factor use Schedule I Apportionment Factor Apportionment refers to the division of business income among appropriate federal Form 8453 or Form 8879 Do not attach a appropriate Form 8453 or Form 8879 (signed) as filed with the appropriate Form 8453 or Form 8879 to show that the return appropriate The Alaska credit may not exceed the cumulative architecture accounting actuarial science performing are amending a 2013 return the form has a checkbox on page are based on the apportioned Section 1231 gains and losses in are calculated at the highest Alaska marginal tax rate of 9 4% are considered to be indications of a unitary trade or business and are necessary to reflect the combined income of the water s edge are transitioning from using the Online Tax Information System arise during the processing of the return The corporation is also arts consulting athletics financial services brokerage as a corporation and so must file Form 6000 (or Form 6020 if as a corporation for federal income tax purposes the LLC must as a natural disaster Be sure to attach a copy of your federal as a partnership for federal income tax purposes must follow the as a Small Corporation The controlled group includes any As announced in the Notice dated 8/21/13 the DOR no longer as either a carryover or a carryback in the spaces provided as far as practicable the administrative and judicial interpretations As we implement the new tax revenue management system we assessment of a penalty for failure to file An alteration to the assessment of a penalty for failure to file If the date that the assistance please call: associated instructions at 12/31/13 At Least at which this rate applies was raised from $90 000 to $222 000 Attach a schedule by company attach a schedule of all non business income claimed by type attach new Form 6385 Tax Attribute Carryovers This form may attach to return Attachment of Federal Return Attachment of Federal Return 7 attributable to Alaska in the regular course of the taxpayer s trade attributable to the in state manufacture or modification of tangible audit change authorized ACH debit originator The company ID for the Alaska authorizing the paid preparer to: average U S factors except that tax haven corporations remain average value of owned property is computed by averaging the Avoid Common Mistakes Avoid Common Mistakes 4 B line 1 next to that corporation s name if P L 86 272 is B to effect a protective filing back can affect these limitations such that the corporation s Alaska back interest reported on all tax years that begin in 2013 back interest rules for long term contracts Alaska adopts the be attached An amended Alaska return is required if the federal be directed This must be an officer or employee authorized to be identified as either a carryover or a carryback in the be physically labeled with Taxpayer Name EIN and tax year If Be sure that attached schedules are properly referenced and Be sure to attach a statement explaining the changes being before 8/26/13 This includes returns filed for calendar year 2013 before any federal deduction limitations and exclusive of any before any federal limitations according to their character before the DOR beginning of year intercompany profits on transactions between Beginning on 1/1/14 Alaska interest is calculated at 3 75%2 simple between any two members of the combined group if those two binding election and the overpayment cannot be re applied at a books should be made for the members whose accounting period both within and outside of Alaska Note that the list of taxpayers business business activity outside of Alaska 2) is a member of an affiliated business activity within the state and may exist as a result of a business and other requirements This exemption will sunset in business are business income Income from tangible or intangible business are engaged in one unitary trade or business when business capital gain or loss on lines 6 and 12 as appropriate business conducted within and outside Alaska the members of business depends on the facts of each case The following factors business in a tax haven country must be included in the business in Alaska or that meets the 20% U S factor threshold business income Income resulting from transactions or activities business income The denominator is the total compensation paid business is any business except the following: But Less by company basis and unlike the apportionment factor includes by notation in the area below the Estimated Payments section by the Internal Revenue Service check the appropriate by the legislation the Alaska interest rates were used in the calculation and apportionment if applicable calculation of look back interest Under the legislation federal can answer any question that the DOR may have regarding the capital construction fund then the taxpayer will calculate its FTI as capital losses or excess charitable contributions then you must carryback period This election is state specific; a federal carryback to be utilized in the current year in the space provided carryover of tax attributes such as a net operating loss unused carryover values Schedule K is used to measure the taxpayer s carryovers or carrybacks of tax attributes such as net operating Carryovers See Amended Returns below for more information Carryovers You must attach Form 6385 to the cases If corporate level taxes are imposed attach copies of the Caution: A Publicly Traded Partnership (PTP) is generally taxed Caution: If Schedule B is not properly completed then the DOR certain asset limit requirements and its principal business certain geographic zones including those in Enterprise Zones Certain income received by a regional aquaculture association or Certain penalties are waived but tax and interest must be fully check Check all boxes that apply check the appropriate box next to that corporation s name on Check this box if the tax return shows a net operating loss check yes here and attach a copy of Form 7004 to the checked See separate instructions for Form 6220 checks the P L 86 272 box on page 1 under Return Information claim a refund when the taxpayer s right to the refund is contingent claim and including a written statement that clearly identifies claim Any claimed overpayment is not refunded until the matter claim check the additional box and attach a statement claiming a capital loss carryback must use the standard Form claiming exemption under P L 86 272 or Alaska insurance column A by 18% and enter the result in column B column A of line 8 and multiply across Enter the sum of line 8a d column C in line 9 Use the worksheet in Appendix B to calculate Combined Affiliates Having Different Accounting Combined Affiliates Having Different Accounting Periods 8 combined group combined group from federal Schedule J Multiply the amount in combined group That corporation will report no numerator values combined group The incomes of the companies represented combined income of the group to measure their Alaska taxable combined method of reporting An intercompany transaction combined method of reporting should report the gains and losses Combined Report Combined Report 7 combined report then a copy of the federal return filed by any of common parent Where no common parent exists the income of companies companies The legislation also set a sunset date of 7/1/23 for company company (pays Alaska premium tax under AS 21 09 210) then compatible refer to the appropriate instruction to the standard compensation paid within Alaska during the tax year to produce completed if the Alaska return is a consolidated return List each completed unless a corporate level tax is applicable Attach a complex filing requirements The short form is available to a comprise the consolidated Alaska return connection to the U S if it has an average overall U S factor of at connection with rented property considered non business income solely because of the unusual or consistent with its federal tax status If the LLC is characterized consolidated federal return and are in the same unitary business consolidated federal return the initiation of an elimination or consolidated items; namely capital gain net income charitable consolidated return who are in the same unitary business must file constitute a properly completed Schedule B consumer products are engaged in a unitary trade or business Contact Person Contact Person 10 contribution carryover to be converted to net operating loss contributions contributions the dividends received deduction income tax contributions then you must attach new Form 6385 Tax Attribute controlled group then you must attach a copy of (SEC) Form convert to net operating loss if applicable copy of Form 990 T An exempt organization does not file an copy of its signed federal income tax return (Form 1120 1120S copy of pages 1 through 4 of the federal Form 1120S and Form corporate income tax returns from April 15 2014 to May 15 2014 corporate taxpayers to file their Alaska returns corporation Corporation and Subs ) All other Alaska taxpayers are listed on corporation connected through stock ownership with a common corporation exemption box corporation is claiming exemption from tax under AS corporation listed on page 1 If this is a consolidated Alaska corporation must calculate its tax on Schedule D using the corporation named on page 1 is claiming protection under Corporation Net Income Corporation Net Income Tax Return Nexus sometimes referred Corporation Net Income Tax to the same extent it is subject to tax corporation s direct activity the activity of its employees or agents corporation when determining whether a corporation is exempt corporations An LLC with corporate member(s) characterized corporations are exempt from Alaska corporate income tax This corporations are exempt from Alaska corporate income tax To corporations have nexus in Alaska The requirement for corporations in the ownership chain must file Form 6900 Alaska corporations must file Form 6100 or Form 6150 corporations on Schedule B line 1 (plus the taxpayer listed Corporations that are members of an affiliated group have nexus Corporations that conduct business both within and without Alaska corporations within the water s edge combined group to the extent corporations) must use the standard Form 6000 Oil and gas course of the corporation s trade or business credit allowable in the current year You must complete and attach credit certificate may be used within six years (formerly three Credit for prior year minimum tax from Form credit may be taken against Production Tax Property Tax Mining credits and other taxes If a taxpayer is a member of an affiliated Current tax forms and instructions are available online at: current year on Schedule A line 2 This must be identified date to 30 days after the federal extended due date This is dated 9/12/13 on our website at: day prior to the wire transfer settlement date Prepare the payment debit block the taxpayer is encouraged to contact its bank before deducted Deduction 16 deduction as limited under IRC Section 246 Use the worksheet deduction from Schedule K line 10 deduction is different from the deduction allowed on its federal deductions attributable to exempt foreign trade income deductions for federal net operating loss and federal dividends defined in AS 43 20 145(a)(5); or 3) foreign corporations that denominator is the value of all real and tangible personal property Department of Revenue is 0000902050 described in Internal Revenue Code Section 1202(e) as that detail of factor numerators (property payroll and sales) details Determination of whether the activities constitute a unitary trade or determined on the basis of the same accounting period Generally difference between the federal deductions included in lines 1 or 3b different from the taxpayer shown on page 1 identify the payer differs from the common parent and/or taxpayer If no substantial Digital documents are accepted in pdf or tif format only on the direction (formal or informal) and activities within and without directly on Schedule A line 11 rather than on Schedule E directly to line 3 if the taxpayer is not required to use the combined Disclaimers Disclaimers 9 Disclosure discuss tax matters with an outside party unless there is a Power discuss taxpayer information with an outside party unless there discussion on page 8 dividends from 20% or more owned corporations Dividends received deduction after limitation Add amounts in column B Enter the Do not enter the federal net operating loss deduction The Alaska do not include royalties or amounts paid for services or supplies in Do not list affiliated corporations that are not Alaska Do not use the name of the federal consolidated group ( XXX does not impose a tax on the S Corporation for pass through domestic unitary corporations not included in line 1 with 20% or DOR does not accept pro forma returns due date If a federal extension is in effect for the taxpayer due date remains October 15 2014 This also does not change during the tax year from transactions and activities in the regular during the tax year to produce business income E If the corporation is a member of a federal consolidated earlier tax year you must file a complete return and write Amended edge combined group to other members of the combined group edge method of reporting in which it is combined with all members Effective 7/1/13 the film production tax credit program was Effective for tax periods beginning after 12/31/2012 certain small Effective for tax years beginning after 12/31/12 certain small Effective for tax years beginning on or after 8/26/13 the tax rates EFT or wire transfer Eighty percent (determined by value) of the corporation s assets election must be made on a timely filed return (including elective Electronic Filing of Federal Return Information Electronic Filing of Federal Return Information 7 electronically Visit our website at www tax employees engaged in a unitary business Enter amount from Schedule K line 7 Enter amount from Schedule L line 8b column A plus the amount from Schedule L line Enter amount from Schedule L line 8b column C plus the amount from Schedule L line Enter amount of capital loss carryback utilized included in Schedule J line 9 Enter in columns A and B the smaller of line 11 or line 13 Enter in worksheet columns A and B the amount from Schedule L line 8a column C Enter in worksheet columns A and B the smaller of line 6 or line 7 If line 7 is greater Enter lesser of line 11 or 12 This is the amount of charitable contributions converted to NOL Enter lesser of line 9 or line 8 Enter sum of lines 9 11b from Schedule H Enter sum of Schedule H lines 9 11a Schedule H (taxable income before charitable contribution) but not less than zero Enter the amount from line 6 on Schedule K line 8 If line 9 is more than line 8 complete remainder of worksheet enter the amount of carryover to be utilized in the space provided Enter the dates and amounts of estimated tax payments made Enter the name and federal Employer Identification Number (EIN) Enter the portion of non business gain or loss that is allocable to enter total gains and losses on lines 1 5 and 11 and enter non Estimated Tax by Corporations If the corporation is relying on the Estimated Tax Payments Estimated Tax Payments 6 Every corporation having nexus with the state must file an Alaska exceed $9 800 000 exceeds 50 pages excepted to or modified by other provisions of Alaska law In excluded Exempt Organization Exempt Organization 5 exemption applies to an Alaska corporation that is a qualified exemption: expanded from a total of $100M to $300M under SB 23 The expense items but does not calculate Alaska income tax on expenses incurred to produce non business income You must explaining the protective claim See additional instructions extend any payment due date Extension of Time to File Extension of Time to File 6 extension to your Alaska return An extension of time to file is not extensions) Alaska follows federal rules where a taxpayer factors average less than 20% Attach a schedule by company failure to file and failure to pay penalties are applicable only the failure to file penalty is imposed federal audit report RAR showing federal changes by federal consolidated return In an Alaska consolidated return federal excess contribution carryover federal Form 1120 See federal instructions for Form 1120 line 30 federal Form 8866 or 8697 as applicable federal forms may not be accurate Nothing in these instructions federal forms supporting any credits not reported on Form federal income tax purposes at the time of acquisition adjusted by federal income tax return (Form 1120 1120 F etc ) as actually federal income tax return of the taxpayer This should agree to federal return See specific instructions on page 10 regarding Federal tax return information can be filed in digital file format federal treatment under these code sections this may require that file a complete Alaska return reporting all income and file a return in accordance with the instructions applicable to filed with the IRS If the Form 1120 was not filed electronically filing Filing a Consolidated Return Filing a Consolidated Return 6 filing a follow up amended return which reports the Alaska tax filing and prevent unnecessary correspondence with the DOR filing capabilities that are expected to be available April 28 2014 Filing Extension for 2013 following media: CDs DVDs or thumb drives All media must following month following the federal due date However for 2013 calendar year following: for 2012 or an earlier tax year you must file a complete return For administrative convenience we will apply the new rule to look for Alaska purposes For calendar year tax returns and any other tax period that began for further information) for in the combined report in the same manner as the transaction for more information on these special situations for property payroll or sales on Schedule I but will be included for Protective Claim on page 9 for qualified oil and gas service industry expenditures under AS for tax years beginning after 12/31/13 Expenditures that qualify for the entire corporation The corporation may not report federal for the tax year If a payment was made under a name and EIN for this credit are those incurred in Alaska which are directly for us to contact you See Specific Instructions below for more Foreign corporations are treated as domestic corporations for Form 1120 line 30 increased by the sum of lines 29a and 29b on Form 1120 Taxpayers using the short Form 6000 will encounter Form 6000 Form 6000 is the standard Alaska Corporation Net Income Tax Form 6020 instructions below are limited to those that are unique Form 6020 is available to non affiliated corporations with business Form 6300 line 29 to report Alaska incentive credits that are not Form 6385 Tax Attribute Carryovers Form 6385 Tax Attribute Carryovers has been developed to claim Form 774 Power of Attorney Form 8453 or Form 8879 which must show the signature Form Changes form Form 6020 All other corporations (except oil and gas form must be used whenever the taxpayer 1) has nexus or from 11% compounded quarterly to 3 75% calculated as simple from its federal charitable contribution deduction as a result of from line 10 against the gain from line 16 and enter the result on from line 16 against the gain from line 10 and enter the result on from line 7 according to the appropriate deduction percentage in from prior years from line 6 of Form 6385 Tax Attribute Carryovers from Schedule D the sum of lines 8 10 plus lines 12 14) Do from transactions or activity that is unusual or infrequent is not Full payment of the Alaska tax must be made on or before the functional or the transactional test is business income Income further details gain Enter the taxpayer s net capital gain on line 2 column A of gain Gains and losses are measured after allocation and gains and losses from Schedule J line 20 GENERAL INSTRUCTIONS Generally an exempt organization is subject to the Alaska Generally when it is necessary to convert an affiliate to the generated an Alaska investment tax credit The subject graduated rates in addition to the 12 6% add on tax that is reported greater U S factors Attach a schedule by company gross assets and the nature of business operations gross up foreign dividends and dividends deducted on Schedule group group Do not use the amount from Form 4797 line 17 which group except the taxpayer listed on page 1 Do not list all group must report their NAICS codes on Schedule B line 1 group or 3) reports non business income group then the taxpayer is required to determine its taxable group with the consolidating eliminations and adjustments group you must attach federal Form 851 to the Alaska H as non business income These dividends are not eligible for H line 11a hatchery permit holder This change was retroactive effective for have added a worksheet to calculate the limitation under have nexus in Alaska after this tax year have nexus with Alaska In general a corporation has a significant having nexus in Alaska change the designated taxpayer according House (ACH) debit payments OTIS and Revenue Online do not How to Claim Exemption as a Small Corporation However the Alaska capital gains rate of 4 5% may apply in some If a bank account has a debit block any online payment request If a corporation claiming P L 86 272 protection is a member of If a corporation is protected under P L 86 272 and the corporation If all business activity is within Alaska skip lines 1 13 and enter If Form 1120 is electronically filed attach a copy of the appropriate If it is necessary to amend your return while a protective claim If line 9 is less than line 8 STOP Charitable contributions are fully deductible and there is no charitable contribution carryover If the applicable box is checked the corporation is authorizing If the capital loss was generated in a year prior to the current year If the common parent of the federal consolidated group is an Alaska If the corporation is a Personal Holding Company (PHC) the If the corporation wants to allow the DOR to discuss its tax return If the corporation wants to revoke the authorization it must file a If the federal return was also amended a complete copy must if the taxpayer is deducting contributions to a Merchant Marine If the taxpayer is not affiliated with another corporation skip lines If this is an amended return filed to claim a carryback from a year If this is an amended return filed to report an additional overpayment If this is an amended return use the section Amended return If you answered no STOP Enter amount from line 3 on Schedule K line 8 If you answered yes then complete the remainder of this worksheet to determine if any charitable contributions are converted If you are amending your return to claim a tax attribute such as If you are claiming exemption as a Small Corporation (see page If you have filed a federal extension of time to file the extended If you have questions need additional information or require other If You Need Help If You Need Help 4 implementing a new tax revenue management system The system Important Note: All corporations which are members of the improvements See Form Changes and Avoid Common In 2013 the legislature passed SB 83 which exempted certain in a unitary trade or business when the activities are in the in Appendix B to calculate the allowable deduction and enter the in columnar format disclosing for each corporation the total in lines 1 through 2e may or may not include adjustments to or in the current year The Alaska excess capital loss is the taxpayer s in the denominator The corporation must be correctly listed on in the federal consolidated return (Also see instructions for in the measure of income reported on lines 1 through 2e Reverse include a schedule of the calculation of the apportionment formula include any capital gain income excluded as non business income included in a consolidated federal return these same taxpayers included in the combined group The taxpayer may not claim included in the factor Construction in progress is not included in includes ordinary gains and losses including assets of all affiliates must be used in the active conduct including extension is subject to a failure to file penalty of 5% of including federally exempt foreign trade income and allowing for income income (Internal Revenue Code Section 246) Carry the amount income complete and attach Schedule J of the standard Form income differences between the federal consolidated group and income For all corporations except oil and gas corporations income in calculating Alaska taxable income Attach a schedule income or loss and calculate any applicable tax Attach a signed income received by a regional aquaculture association or a salmon income reported on lines 1 or 2a 2e or a combination of the two income reported on the Form 1120 F Income Tax Education Credit contributions and differences in Income Tax Return income tax This is accomplished by excluding that company s income that are deducted in the federal return income using the water s edge combined method of reporting individual to whom correspondence regarding this return should industries including transportation utility extractive or fisheries Information The checkbox can now be found on Form information under Avoid Common Mistakes and refer to Specific infrequent nature of the income activity or transaction Installment Method the applicable box on Form 6220 must be instructions applicable to partnerships above instructions Attaching complete schedules will ensure a valid instructions below to report Alaska unused capital losses ) instructions for Estimated Tax Payments below and Payment of Instructions for Forms 6000 and 6020 Instructions for help in preparing your return Instructions specific to Form 6020 are on page 14 Insurance Companies Insurance Companies 8 insurance legal purchasing advertising or financing; or intended to address every legal situation The taxpayer is advised intercompany profit eliminations between corporations within and intercompany sales interest Effective 1/1/14 the Alaska interest rates decreased interest For delinquent balances outstanding at 1/1/14 interest interest rates are used The law change was effective 9/20/13 Internal Revenue Code including Section 460 Until modified Internal Revenue Code Section 1202(e) as that subsection read Internal Revenue Code Section 246 for Alaska purposes Internal Revenue Code under AS 43 20 021(a) In addition use IRS for the same taxable year If the Alaska return is based on a is a Power of Attorney (See Paid Preparer Authorization on is accounted for in the consolidated federal return Refer to Alaska is claimed (Form 6310 line 2) are reported here is joining in filing an Alaska consolidated return as a protective is limited to Alaska taxable income in accordance with Internal is pending do not take into account changes reported on the is resolved We will treat the amended return as an information is subject to federal minimum taxable income requirements or Is there a Net Operating Loss carryforward available to reduce taxable income in the current year? It does not apply to the firm It is possible that state modifications such as the income tax add items of income or loss Schedule A lines 1 17 should not be JUNEAU AK 99811 0420 Juneau: 907 465 2320 K or L Late Filing of Return Late Filing of Return 9 Late Payment of Tax Late Payment of Tax 9 late payment penalties and interest If a bank account has a later date See federal Treas Reg 301 6402 3(a) and (d) least 20% To construct the water s edge combined group start Legislative Changes Effective for 2013 liability and attach to return liability as finally resolved Limited Liability Company (LLC) Limited Liability Company (LLC) 5 limited to: Line 1 Alaska taxpayer information: This schedule must be Line 1 Alternative Minimum Tax (AMT): In column A report the line 1 Otherwise check the boxes indicating which activities line 1 These would include intercompany dividends Section 78 line 1) using items 1 4 above Line 1: Enter in column A the current Section 1231 gains and Line 1: Enter the federal taxable income or (loss) before Line 1: Enter the federal taxable income or (loss) from the Line 1: Enter the taxpayer s current charitable contributions Line 10: Enter non business income or loss allocated to Alaska line 11 Line 11 Alaska credit for prior year minimum tax: The Line 11: Enter the amount of long term capital gains and losses Line 11a: Enter the taxpayer s Alaska capital and Section 1231 Line 11b: Enter the taxpayer s Alaska charitable contribution Line 11c: Enter the taxpayer s Alaska dividends received line 13 by the remaining number of factors and enter the result on line 14 line 17 but not less than zero Line 17 Overpayment credited to estimated tax: This is a Line 17: If line 10 is a gain and line 16 is a loss offset the loss line 18 but not less than zero This is the taxpayer s net capital Line 18: If line 16 is a gain and line 10 is a loss offset the loss Line 2 Alaska net operating loss (NOL) deduction: If there is Line 2 Net capital gain: Enter amount from Schedule J line 18 Line 2 Net Capital Gain: If the you are reporting capital gain Line 2: Enter contributions that were used to generate an Income Line 2: The taxpayer s non recaptured net Section 1231 losses Line 20: Add lines 17 18 and 19 and enter the result on Schedule Line 28 will not be applicable in certain situations If the taxpayer Line 2a: Enter the amount of taxes based on or measured by net Line 2a: Enter the FTI reported on the federal tax return(s) of all Line 2b: Enter any other state specific additions to federal taxable Line 2b: Enter the income of unitary foreign corporations of the Line 2c: Enter income reported by tax haven corporations Line 2e: Remove the income or loss of companies included in line Line 2f: Enter the adjustment for intercompany transactions that line 3 line 3 or Form 6000 Schedule E line 5 as appropriate Line 3 Other taxes Refer to instructions on page 11 for Form Line 3c: Enter other state specific subtractions from federal Line 4 Personal Holding Company (PHC) tax: Report the PHC Line 4 Tax on ordinary income: Use the correct Tax Rate Table Line 5 Other taxes: Report on line 5 any other federal taxes or Line 5: Enter the amount from federal Schedule D the sum of Line 6: Enter the taxpayer s Alaska excess contribution carryover Line 6b: Enter the dividends paid by members of the water s Line 6f: Enter any non business income or loss claimed Line 6g: Enter amount of capital gain income from federal Form Line 7 Other Alaska incentive credits: Enter amount from Line 8: Enter the Alaska taxable income for deduction limitation Line 9: Enter on line 9 the Alaska excess capital loss to be utilized lines 1 5 attributable to the combined group Do not use line 7 Lines 2a 2d: Enter the amounts of dividends already deducted Lines 2a 2g: Taxpayers using the combined method of reporting Lines 8 and 9: Enter the allocated and apportioned dividends listed on lines 1 5 or 9 must match the list of taxpayers listed on listed on Schedule B line 1 and check the appropriate box on loss apportioned to other states loss carryback loss carryback you must use the standard Form 6000 not the loss carryover to current year but excluding capital loss unused capital loss or excess charitable contribution from Losses 13 lowered to zero and applies to taxable income up to $25 000 For made by EFT or wire transfer see Alaska Regulation 15 AAC made to arrive at consolidated taxable income Mail check with return or payment voucher to: Mail the return with attachments to: Make checks payable to the State of Alaska Note that if the total making an online payment to register the State of Alaska as an management and economies of scale marginal tax rate remains at 9 4% but the taxable income point may apply for quick refund if the overpayment is: may determine that a particular corporation doing business in may elect to file a consolidated return if they qualify to join in a measure then that corporation must be properly listed on Schedule member of an affiliated group and 3) reports no non business member of the Alaska consolidated group on Schedule B except member of the group is owned directly or indirectly by one or members join in a consolidated federal return must be accounted members of a federal consolidated group that were eliminated members of the federal consolidated group unless all of those method of reporting misstatement of income results a pro rata conversion may be Mistakes for further information Two important points to note: mobile property; Modified checkboxes: more corporate or non corporate common owner(s) or by one or more of the members of the group more owned corporations which are eligible for a DRD most complex filing under the water s edge method The standard multiple discs or thumb drives are used they must be sequentially multiplied by 18% and apportioned if applicable Attach a copy Multiply line 1 by 18% Multiply line 10 by 70% Multiply line 3 by 10% Multiply line 5 by 80% Multiply line 6 by 10% must be filed with full payment of any additional tax within 60 days must file a consolidated Alaska return if they are part of the must not be in certain industries The corporation must name and EIN for subsequent tax periods until the taxpayer leaves name and EIN of one taxpayer included in the consolidated filing name enter the name as it appeared in the prior return If the name on this return is different from the name reported on the necessary if the corporation s charitable contribution or dividends net income before modifications of the water s edge group Skip net operating loss deduction may differ from the federal net net operating loss determined under the Internal Revenue Code net operating loss; a partial election is not allowed The never filed an Alaska corporate tax return have not been the New checkboxes: New Form Nexus creating activities may include but are not limited to: NOL carryforward available (exclude carryback) Enter as a positive number NOL to be utilized in the current year in the space provided on line NOLs being carried forward from previous years Non business income is all income other than business income not enter the taxpayer s federal capital loss carryover from federal not exceed $50 million This includes cash and the adjusted basis not less than 0 not use the amount from line 15 as it includes Section 1231 gains Note that Alaska law does not adopt Internal Revenue Code Note that the income of the foreign corporation must be reported Note: Be aware that the charitable contribution and dividends Note: If the federal return exceeds 50 pages a corporation may Note: The taxpayer s obligation to report and pay additional tax Number numbered The federal tax return information should start with numerator values from the numerators of the combined group o Amended return o Amended return to make a protective claim o Amended return to report Internal Revenue Service (IRS) o Checkbox for Estimated tax payments based on o Checkbox for Public Law 86 272 now applies only to the o Checkbox to indicate a new address has been moved on o Personal Holding Company o Small corporation exemption (see instructions on page 5 of a federal consolidated group may not be an intercompany of allowable dividend received deductions to Schedule H line 11c of Attorney (see Paid Preparer Authorization on page 6) of corporations in which 50% or more of the voting stock of each of corporations on Schedule B must agree to the corporations of federal Form 8611 of income and by company name of limitation of the charitable contribution deduction This of line 4 or 5 Enter here and on Schedule A of modifications by category of one or more qualified trades or businesses A qualified trade or of other assets This is measured at the beginning of each tax year of real and tangible personal property owned or rented and used of Schedule B and the Alaska deductions calculated on Schedules of Schedule H report the income of the corporations that are Of The of the dividends paid deduction of the entire combined group of the entire federal return: of the federal income tax law of the taxpayer If this is a consolidated Alaska return enter the of the unitary group with 20% or greater U S factors Oil and Gas Corporation Net on future events and may not be determinable until after the on January 1 2012 There are restrictions that apply to certain on line 2 on Line 2 of Schedule D However if you are claiming a capital on line 6f on line 9 Form 6385 Tax Attribute Carryovers must be completed on line 9 Use Form 6385 to identify the loss years Note that on page 1) unless the corporation is claiming exemption on Schedule A line 1 and you are electing to waive the on Schedule B line 1 See Public Law (P L ) 86 272 on Schedule E line 4 on the basis of the entire corporation which may not equal the on the federal AMT credit multiplied by 18% and apportioned if on the original return or as last amended or adjusted by the DOR Once the relevant matter is resolved the claim is perfected by one half months of the tax year end and file the return within Online at www tax alaska gov These systems may also be used Online or you may use Form 6240 only general supervision from the executive offices only to account for payments made and refunds received based operated substantially independently of each other and with operating loss as a result of state adjustments to federal taxable operating loss This may require an iterative process to calculate operating solely in Alaska are encouraged to use the short operations operations of a gas storage facility under AS 43 20 046(h) operations of a liquefied natural gas storage facility under AS operations or coordination or 4549A the reason must be satisfactorily explained to avoid or accounted for on Schedule H that are included in Schedule L or after 8/26/13 use Tax Table B below or associated forms should be read to conflict with Alaska statutes or business The denominator is the total gross receipts derived or extend any payment due date or fully allowable or greater average U S factors must file a return using the water s or more of the corporations within the group or regulations or reproduction of the federal Form 851 is not acceptable If or the status of any related refund or payment and or through its interest in a partnership or limited liability company or to any person not properly classified as an employee are Other Recent Legislative Changes Other Taxes otherwise be considered as engaged in more than one trade or OTIS and Revenue Online accommodate Automated Clearing OTIS the taxpayer must be registered online in myAlaska As we outside of Alaska or that report non business income must file outside of the water s edge group to the extent they are included owned or rented and used to generate business income Rents Owned property is valued at its original cost averaged over the P L 86 272 If this is a consolidated return and another P L 86 272 or Alaska insurance companies page 1 to the Mailing Address line of the address section page 6 ) pages 1 through 5 of the federal tax return filed with the IRS The paid For additional information please see Form 6750 and the paid from line 10 of Form 6385 Tax Attribute Paid Preparer Authorization Paid Preparer Authorization 6 parent corporation if more than 50 percent of the total combined part of the combined group particular state Partnership Partnership 5 partnership for federal tax purposes Partnership Information Return along with supporting schedules passive income taxes Attach a statement showing the tax Payment Center (OTIS) to a new web based portal named Payment Due Date Payment Due Date 6 payment exceeds $100 000 the payment is required to be paid by Payment of estimated tax is required as provided under Internal Payment of Tax Payment of Tax 8 Payment Voucher payment with a return is $150 000 or greater payment must be payroll and sales Payroll Factor: See 15 AAC 19 211 241 penalty for the period of underpayment If estimated tax was Periods personal property used to explore develop or produce oil or gas personal services Payments made to an independent contractor Please refer to Alaska Regulation 15 AAC 20 300 to correctly PO BOX 110420 portion of a period the payment is late up to a maximum of 25% of prepare the return with the following steps: previously filed under the name and EIN of a common parent not prior return then complete question 4 of Schedule B (Form prior tax years In addition this form is required if you are claiming prior to 8/26/13 use Tax Table A For any tax period that began on prior years and may not correspond to the taxpayer s federal non pro forma return Send only the portions of the federal return proper estimated tax when due will be subject to an underpayment Property Factor: See 15 AAC 19 141 202 property is business income if the acquisition management property is valued at eight times the annual rents paid property payroll and sales and the amount of Alaska property Property used in the production of non business income is not property values at the beginning and end of the tax year Rented protection under P L 86 272 or is exempt as an Alaska insurance Protective Claim Protective Claim 9 Provide the name email address and telephone number of an provide the required federal return(s) will result in the Alaska providing detail by company are required as explained in the Public Law (P L ) 86 272 Public Law (P L ) 86 272 8 purposes of determining eligibility to file a consolidated Alaska purposes Use worksheet in Appendix A to calculate the limitation Qualified contributions for which an Income Tax Education Credit qualify for the exemption the corporation and its affiliates must be Quick Refund Quick Refund 6 rate tables are on page 3 of these instructions re computation of tax by the IRS The Alaska amended return Real Estate Investment Trust (REIT) 8 Real Estate Investment Trusts (REITs) recapture rules to the extent that the investment originally recaptured net Section 1231 losses receipts derived during the tax year from transactions and activities receive confidential tax information Generally the DOR cannot received deduction ( FTI ) Generally this will be line 28 of the received deduction limitations are based on the corporation s received deduction was limited on its federal return received deductions Enter on lines 2b and 3c (as appropriate) the received if the REIT income is included in the combined report net refer to both systems refine the copper ores and fabricate the refined copper into refundable credits This includes the Income Tax Education Credit regard to whether there is a physical presence in the state regardless of the fact that the various steps in the process are Regulation 15 AAC 20 300(m) related regulations and to consult a legal advisor Report and Unitary Group or Unitary Business on page 7 ) report carrybacks of net operating losses and capital losses report the book income of the foreign corporation or its Earnings report the income of any unitary foreign corporation that does reported (See instructions for related checkboxes below ) reporting Alaska factors on Schedule I except those corporations reporting all income and expenses on Form 6000 or 6020 except requirement by filing Form 6000 (pages 1 and 2) or Form 6020 residing in beginning and ending inventory Reverse end of year result here and on Schedule H line 11c resulting from adjustments to federal income tax liability is not return return return all eligible taxpayers must be included in the consolidated return being deemed incomplete and penalties may apply Return Due Date Return Due Date 5 return except to sign the return return filed to claim a capital loss carryback enter the amount of Return form designed to accommodate any taxpayer including the return If any two taxpayers join in filing a consolidated Alaska Return Information Return Information 10 return is amended or adjusted by the IRS return is late up to a maximum of 25% of the unpaid tax return must be filed as a complete return If you are amending return of any member of the combined group of the taxpayer Return preferably in red across the top of the amended return return Schedule B must show all corporations other than the return See Small Corporation Exemption on page 5 for return then any other corporation in the consolidated return then other corporations in the consolidated Alaska return This must be an officer or employee who is authorized returns including changes to Schedule C and ability to returns only the DOR has extended the filing due date for calendar Revenue Code Section 246(b) Revenue Code Section 6655 A corporation that fails to pay the Revenue Online A first time taxpayer should contact the DOR at reversal of a consolidating elimination or adjustment from the Sales Factor: See 15 AAC 19 251 302 same general line of business For example corporations same parent subsidiary controlled group are treated as a single same unitary group SB 21 passed in 2013 granted a corporate income tax credit SB 83 also changed the interest rates applicable to delinquent SB 83 also changed the way in which Alaska applies the look Schedule A Net Income Tax Summary Schedule A Net Income Tax Summary 10 Schedule B Schedule B 14 Schedule B if the return is a consolidated Alaska income tax Schedule B is not fulfilled by attaching federal Form 851 data Schedule B is not properly completed the return will be delayed Schedule B line 1 Schedule B listing all members of the Alaska consolidated Schedule B plus the taxpayer named on page 1 of the tax return Schedule B Taxpayer Information Schedule B Taxpayer Information 11 Schedule B to be considered as having made a protective Alaska Schedule C Tax Payment Record Schedule C Tax Payment Record 11 Schedule D Schedule D Schedule D 15 Schedule D Alaska Tax Computation Schedule D Alaska Tax Computation 11 Schedule D and does not report Other Taxes on Schedule Schedule E Schedule E 15 Schedule E Other Taxes Schedule E Other Taxes 11 Schedule H Computation of Alaska Income Schedule H Computation of Alaska Income 12 Schedule I Apportionment Factor Schedule I Apportionment Factor 13 Schedule I must be completed by taxpayers with business activity Schedule J Alaska Capital and Section 1231 Gains Schedule J Alaska Capital and Section 1231 Gains and Schedule J is used to calculate the taxpayer s Alaska net capital Schedule K Alaska Charitable Contribution Deduction Schedule K Alaska Charitable Contribution Deduction 14 Schedule L Alaska Dividends Received Deduction Schedule L Alaska Dividends Received Deduction (DRD) 14 Schedule L on page 14 ) schedule of modifications by category schedules and forms calculating the federal tax and the Alaska Schedules K and L from page 6 of the standard Form 6000 can be season Sections 1 1399 and 6001 7872 with full force and effect unless Sections 1400 1400U which grant tax benefits for activities in See Appendix A See Appendix B See Tax Table B below for more information about tax rates and separate company tax return is not permitted (See Combined separate voucher for each year services or any other business where the principal asset of short form SHORT FORM 6020 small business and that meets the active business requirement in Small Corporation Exemption Small Corporation Exemption 5 some of the provisions space on line 2 Use Form 6385 to identify the loss years space provided on Schedule J line 9 spaces provided on line 9 Special capital loss carryback notes: If this is an amended SPECIFIC INSTRUCTIONS specified in the instructions on page 6 if the federal return states by the use of an apportionment formula statute of limitations expires A protective refund claim is made by strong centralized management are: Sub Chapter S Corporation (S Corporation) Sub Chapter S Corporation (S Corporation) 4 subject of an inquiry from the DOR and meet other requirements subject to modification under Alaska law as if the corporation were submit the following portions of the required federal return in lieu submitting an amended return checking the box for a protective subsection read on January 1 2012 This includes certain start up subsequent additions improvements or partial dispositions The Subtract line 10 from line 9 If less than zero enter 0 Subtract line 13 from line 11 This is the portion of the unallowed charitable contributions that is carried over as charitable Subtract line 4 from line 3 but not less than zero Subtract line 7 from line 12 Subtract line 8 from line 7 Subtract line 9 from line 6 but not less than zero Subtract Schedule L line 8a column C from Schedule L line 9 such that profits of the group are inextricably related Tests of tax alaska gov tax and the corporate level tax on built in gains These taxes tax brackets Tax by Corporations TAX DIVISION Tax Education Credit that are included in line 1 Line 2 should not tax Enter the corporate level taxes on Form 6020 Schedule E Tax Fisheries Business Tax and certain taxes paid by insurance tax of 12 6% apportioned if appropriate This tax is assessed in Tax on page 8 Tax payments can be made by Electronic Funds Transfer (EFT) TAX RATE TABLE A TAX RATE TABLE B Tax Rate Tables Tax Rate Tables 3 Tax Return tax return filing capabilities This extension does not change or Tax Return Short Form tax year In general original cost is the unadjusted basis for tax years beginning after 6/30/07 taxable income Taxable income before charitable contribution capital loss carryback after NOL carryforward Subtract line 5 from line 3 but Taxable income before charitable contribution capital loss carryback and net operating loss Add lines 1 2 Taxable income for deduction limitation taxable income in calculating Alaska taxable income Attach a taxable income of $25 000 to $49 000 the tax rate is 2% The top taxable income shown on federal Form 1120 F unless the Form taxable income The schedules must show the separate taxable incomes for each member of the federal consolidated taxable year taxes Effective 1/1/14 the Alaska interest rates decrease from taxpayer as filed with the IRS If the federal income tax return Taxpayer Identification Taxpayer Identification 10 taxpayer identification Unless the corporation changed its taxpayer listed on page 1 If this is a consolidated Alaska taxpayer s annual accounting period taxpayer s federal income tax return taxpayer s federal income tax return includes any alteration to the taxpayer s regular trade or business Income meeting either the taxpayer shown on page 1 with nexus in Alaska Reference to taxpayer that 1) conducts business only in Alaska 2) is not a taxpayer use its name and EIN on page 1 Otherwise select the taxpayer with the largest Alaska presence Continue to use that taxpayers in a more timely manner and to account for information Taxpayers included in a consolidated federal return should enter taxpayers Replicating the federal Form 851 information does not taxpayers The taxpayer must voluntarily come forward have Taxpayers using the combined method of reporting are required to test Note that the income of a foreign corporation is reported than line 6 stop here that are within the regular course of the taxpayer s trade or that explore for and mine copper ores concentrate smelt and that line The corporation will still be a member of the Alaska that no tax is calculated The following is required to claim the that operate a chain of retail grocery stores are almost always that we are required to report to the legislature Looking forward the 1987 tax year net of prior year Alaska AMT credit previously The 20% U S factor threshold must be determined on a company the accounting period used in the return should be that of the the activities constitute a single trade or business the Alaska consolidated group or the common parent becomes the Alaska credit for prior year minimum tax on Schedule A line The Alaska Department of Revenue Tax Division (DOR) is currently The Alaska dividends received deduction is based on the allocated The Alaska return must be filed within 30 days of the date on which the Alaska return will often be different than the name on the the allowable capital loss carryback In this situation you would the amended return If you are amending your return to claim a the amount of dividends allowable based upon Alaska taxable The application of an Alaska net operating loss is governed by the basis for the claim as well as the contingency affecting the the business is the reputation or skill of one or more of its the combined affiliates should be determined on the basis of the the copy must be of the signed original return If the Form The corporation applies for the refund by completing Form 6230 The corporation filing the Alaska return must provide a complete The corporation is not authorizing the paid preparer to receive The corporation is not required to complete the remainder of the The corporation must be engaged in an active business as the corporation s federal income tax return is required to be filed The corporation s total assets including assets of all affiliates may The corporations listed on Schedule I must match the list of The credit may be carried forward for five years See the Notice the credit may be taken In addition to corporate income tax the The DOR has extended the filing due date for calendar year 2013 the DOR to call the paid preparer to answer any questions that the elimination of intercompany profits as required under the the factor the federal consolidation rules are applied to construct the Alaska the federal return required to be attached to the Alaska return the Form 1065 See separate instructions for Form 6900 the FTI of the federal consolidated return on line 1 of Schedule H The income of a foreign corporation is the taxable income before The income of all affiliates included in a combined report must be the instructions are accurate and helpful The instructions are not the members of the combined group must be attached The most common adjustment is for intercompany profits The NAICS code is required for every Alaska taxpayer The new system requires certain form changes and process the next succeeding year only if the amended return is filed before the normal functions that a truly independent business The only exceptions are corporations claiming exemption under The partnership return is due 30 days after the federal due date of the payment due date for the succeeding tax year This is also The payroll factor is a fraction the numerator of which is the the preparer whose signature appears at the bottom of the return the presence of any of these factors creates a presumption that The property factor is a fraction the numerator of which is the value The return must be signed by an authorized officer of the The sales factor is a fraction the numerator of which is the gross the schedules prepared for the computation of consolidated The short form Form 6020 is designed for taxpayers with less the signature area of the return This authorization applies only to the sixth decimal place If both the numerator and denominator the state are contributory and complementary in nature the State of Alaska Treasury Division by 2:00 p m the business The Tax Division no longer accepts amended returns on Forms The taxable incomes of all taxpayers are then consolidated to the taxpayer recompute some federal based credits or deductions The taxpayer s Alaska charitable contribution deduction may differ the taxpayer s original Alaska Corporation Net Income Tax return the taxpayer shown on page 1 If the corporation is claiming The term compensation means wages salaries commissions the unitary group that are Alaska taxpayers must apportion the the unpaid tax for each 30 day period or portion of a period the the unpaid tax If during any period or portion of a period both the the water s edge combined group and the amount of income or the water s edge combined reporting method is required; it is not the worldwide unitary group that: 1) have a significant connection then a capital loss carryback may be partially there is strong centralized management Some indications of these differences infrequently Generally an Alaska modification is These instructions are generally applicable to the standard Form These instructions are presented to assist the taxpayer in preparing they were not reversed in the measure of income reported on lines thirty days may or may not correspond to the 15th day of the this line to report other taxes and additions to tax liability required Thus the due date is not necessarily the 15th day of the month to a penalty for failure to file to allow corporations to take advantage of new online tax return to answer any such questions Generally the DOR cannot to as doing business within the state is the act of conducting to compute the tax on line 4 Use Tax Table A if this tax year begins to consult Alaska Statutes Title 43 Chapters 05 19 and 20 and to determine if the corporation is eligible for the exemption for that To ensure timely return processing you must properly complete To facilitate the processing of your return be sure to do the to file their returns electronically Visit our website at www tax to net operating loss to or presence in the U S ; 2) are tax haven corporations as to pay penalty of 5% of the unpaid tax for each 30 day period or to print a payment voucher for a payment to be made by wire or to the short form Where the standard and short forms are to these instructions and complete Schedule B question 4 to zero then a capital loss carryback is not Total payments must equal Schedule A line 10 transaction of the water s edge group This may include the transition to Revenue Online the taxpayer will register directly with true if the original return did not report an overpayment but the Two or more Alaska taxpayers included in the same federal under AS 21 09 210 then that company is exempt from corporate Under AS 43 20 021 Alaska adopts the Internal Revenue Code under other Alaska tax statutes Such taxes include but are not under P L 86 272 or is an Alaska insurance company under the Internal Revenue Code If you file federal Form 990 T underpaid complete and attach Form 6220 Underpayment of Underpayment of Estimated unitary determination include functional integration centralized Unitary Group or Unitary Business Unitary Group or Unitary Business 7 unitary trade or business when engaged in different steps in up to a maximum of $10 000 000 per tax year The law is effective Use Form 6321 to calculate the increase in tax liability and Use Tax Table B if this tax year begins on or after 8/26/13 The tax Use the worksheet below to calculate the amount of Alaska AMT used to determine the Alaska charitable contribution and dividends using the standard Form 6000 In addition corporations that are utilized in the current year on Schedule J line 9 This must Voluntary Disclosure Program Voluntary Disclosure Program 9 voting power of all classes of stock is owned by the parent or one voucher on OTIS or Revenue Online and email to cashmgmt@ voucher Payment vouchers can be found on OTIS or Revenue waiver is not effective The election is made for the entire wants to make a late election or to revoke an election as was a member of a federal consolidated group was electronically filed you must attach a copy of the signed was filed electronically water s edge group Include any foreign corporation with 20% or we are working on providing the ability for corporate taxpayers We are working on providing the capability for We have added instructions and other information for the following: We have renumbered certain forms starting in 2013 The old were not finalized Therefore references to lines and schedules on WHAT S NEW What s New 1 When an estimated tax payment is $100 000 or greater or a When this form was drafted the current year federal tax forms Whenever two or more corporations are engaged in a unitary Where to Send Return Where to Send Return 6 Which Form to Use Which Form to Use 4 which includes federal unused capital loss carryover (See line 9 Who Must File Who Must File 4 Who Must Sign Who Must Sign 6 will allow us to process refunds more quickly communicate with will be calculated at 3 75% of the balance of tax due The payoff will be calculated at 3 75% on the balance of tax due The payoff will be rejected by the bank Rejected payments may result in wire transfer or check with apportionment factors calculated under Alaska Regulation 15 with the IRS complete Form 6000 or 6020 reporting the taxable with the paid preparer who signed it check the applicable box in with the taxpayer s worldwide affiliated group remove non unitary within Alaska during the tax year to produce business income The Within Form 6000 you will note some key changes: Worksheet for Charitable Contribution Deduction Worksheet for Dividends Received Deduction (DRD) worksheet to calculate the taxable income for purposes worksheet will also calculate the amount of charitable would perform for itself such as accounting personnel www tax alaska gov www tax state ak us/programs/whatsnew aspx year 2013 corporate income tax returns from April 15 2014 to May years) This legislation also expands the tax types against which you can make the election to carry the additional overpayment to Your Tax is