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Form 6100i Fillable Form 6100 (Formerly Form 650) and Form 6150 (Filed Under 15 AAC 20.241 (c)) Alaska Oil and Gas Corporation Net Income Tax Return Instructions
(all forms fillable on Windows, Mac, Android tablets, and iPad using Adobe Reader XI)
Amended return to report IRS audit or Form 1120X: Check this Amended return: Check this box if this return is an amended At least $500 At least 10% of the expected tax liability and consolidate after apportionment Taxpayers required to report Consolidated Alaska return: check this box if this tax return is Election to waive carryback period for net operating loss: Check Exempt organization with UBTI: If the corporation is an exempt exploration production refining manufacturing Filing a Consolidated Return on page 4 for more information Filing extension: A federal extension automatically extends the Final Alaska return: Check this box if you do not expect to have If as if taxable income is greater than zero then a capital loss If as if taxable income is less than or equal to zero then a Look back interest is based on federal interest rates and MeF Modernized E File allows you to file your state return Personal Holding Company: Check this box if the corporation is predominantly petroleum as defined in Alaska Regulation predominantly petroleum use Form 6150 Protective Claim on page 7 Note that a protective claim is Protective claim: If this is an amended return filed to make a Public Law 86 272 (P L 86 272): Check this box if Recapture of (federal) low income housing credit must be Recapture of Alaska investment tax credit is subject to federal Revenue Online is the state portal for electronic filing S Corporation: Check this box if the corporation is an S S corporations use line 7 to report built in gains or excess Tax Notices on our website at: www tax alaska gov (a) the existence of centralized departments that perform the (attributable to dividends qualifying for 100% DRD) (b) centralized executive officers who are involved in planning (in excess of the overpayment reported on the original return) then (losses) from federal Form 4797 line 7 attributable to the combined (March 15 for calendar year taxpayers) With the new law the (page 1 only) checking the S Corporation box on page 1 Do (property sales and payroll) are attributed to that corporate partner (Schedule K line 8) (see instructions above) 0405 6100i Rev 01/01/16 page 1 0405 6100i Rev 01/01/16 page 2 1 Avoid common tax return preparation errors by filing the tax 1 Credit for prior year minimum tax from Form 1 except the taxpayer shown on page 1 If the corporation is 1 Schedule G (Alaska income) through line 9 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) A copy of pages 1 through 5 of federal Form 1120 pages 1 1) Call the DOR for information about the processing of the return 1) owning or using property in the state including leased or mobile 1) Same type of business Corporations are generally engaged in 10) To avoid interest and penalties pay any tax due within two and 1120 F includes all income of the corporation 1120 line 30 increased by the sum of lines 29a and 29b on federal 1120 line 8 Do not include any capital gain income excluded as 1120 line 8 reported by members of the Other Business group 1120 Schedule J attributable to the combined 1120X) You must attach a complete copy of the federal audit 1231 gains and losses 15 AAC 20 421(c) If the taxpayer s unitary business is not 15 AAC20 421(c) If the taxpayer s unitary business is not 15th day of the third month after the close of the tax year See 1999 the Department allows taxpayers to determine the appropriate 2 1/2 months after the close of the tax year is subject to a failure 2 Schedule J (capital gains/losses) including capital loss 2) Form 6100 is for use by taxpayers whose unitary business is 2) If Form 1120 is electronically filed attach a copy of the appropriate 2) presence of employees in the state for business purposes; 2) Respond to certain DOR notices about math errors offsets and 2) Steps in a vertical process Corporations are engaged in a 20 300 Typically this line should include federal taxable income 20 300(e) and (f) for further information 20 300(f) Attach a schedule by company that details the amount 20 480 for more details 20 490(3) for more information 20 610 If an insurance company pays Alaska premium tax under 2015 Alaska Oil and Gas Corporation 246 Separately calculate the allowable DRD for the Petroleum 246(b) 25 00049 000 0 2%25 00049 00074 0004803%49 00074 00099 00012304%74 00099 000124 00022305%99 000124 000148 00034806%124 000148 000173 00049207%148 000173 000198 00066708%173 000198 000222 00086709%198 000220 000 or more108309 4%222 000 3 and enter the result on line 14 See Alaska Regulation 15 AAC 3 Apportionment factor4 Apportioned tentative credit Multiply line 2 by 3 Schedule K (charitable contributions) 3) making sales into the state; or 3) Strong centralized management Corporations that might 3) The worldwide combined reporting method is mandatory in 3) Where a consolidated federal return is filed attach copies 3800 with applicable supporting federal forms and copies of 4 of the federal Form 1120S 4 Schedule L (dividends received deduction) 4) If this taxpayer and one or more other Alaska taxpayers are 4) Schedules M 3 and supporting schedules 4) the generation of income from sources within the state without 43 20 053 for more details 4797 Do not report amounts net of federal capital loss carryovers 5 Calculate as if Alaska taxable income (Schedule A line 1) using 5) File with the correct taxpayer name If the Alaska taxpayer is a 5) Schedule D and supporting schedules 50% of total factors are required to separately report petroleum 6 Alaska credit for prior year minimum tax Lesser 6 Enter the allowable capital loss carryback in the space provided 6) Form 4797 and supporting schedules 6) Provide the name email address and phone number of a 6001 7872 with full force and effect unless excepted to or modified 6150 page 1 to report that a federal extension is in effect An 6150 Schedule E line 8 as appropriate 7 Complete the remainder of the return 7) Credits: If claimed on the Alaska return include copies of Form 7) If this is a consolidated Alaska return then you must complete 8) Attach a schedule as required by the forms Schedules 8) Extension: Form 7004 if applicable 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) Attach a copy of the signed federal income tax return of the 990 T etc ) The copy must be of the return actually filed with A business is unitary if the entities involved are under common a calendar year C Corporation the 2016 Alaska corporate income a capital loss carryback cannot create or increase a current net a chain of retail grocery stores are almost always engaged in a A check must be submitted with the appropriate return or payment a combination of the two a consolidated Alaska return Additionally two or more taxpayers a corporate return for Alaska Every effort is made to ensure that A corporation is required to file an amended Alaska return to report 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 deduction and a credit for the same expenditure The credit 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 date a follow up amended return which reports the Alaska tax liability as A line 1 and you are electing to waive the carryback period a particular factor) are zero disregard that factor and divide line 13 A partnership doing business in the state having one or more a partnership for federal income tax purposes must follow the a penalty for failure to file If the date that the adjustment is finalized a Personal Holding Company as defined in IRC Section 542 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 REIT that meets the more than 50% ownership test is required a schedule by category of income Enter on line 3g expenses A taxpayer making a payment by wire transfer is required to notify A taxpayer with business income attributable to sources within a unitary trade or business when the activities are in the same AAC 20 300(e) and (f) for further information AAC 20 490 and 15 AAC 20 500 for rules concerning the modified accepted by the IRS accommodates Automated Clearing House (ACH) debit payments accordance with IRC Sections 243 247 in column A of line 8 and ACH debit originator The company ID for the Alaska Department activities constitute a single trade or business activities in the state during the tax year are subject to water s edge activity is attributed to its corporate owner List that corporate activity or transaction Add back capital loss carryback amount included in Schedule J line 14 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 F line 3c Add lines 1 2 If < 0 STOP Enter amount from Schedule L line 9 on Schedule G line 9c addition to tax calculated at ordinary tax rates on Schedule D additional information please see Form 6750 and the associated additional tax liability) or otherwise represent the corporation additions to tax liability applicable through Alaska s adoption of the Adjustments to Federal Income Tax Liability Adjustments to Federal Income Tax Liability 6 administrative and judicial interpretations of the federal income tax Adoption of the Internal Revenue Code (IRC) Adoption of the Internal Revenue Code (IRC) 4 affected by the expiration of the statute of limitations period for the agree to the totals reported on the form 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 federal Alaska Credit for Prior Year Minimum Tax Worksheet Alaska credit may not exceed the cumulative Alaska alternative ALASKA DEPARTMENT OF REVENUE Alaska filing due date You must check this box to report that an Alaska for all oil and gas corporations A separate company Alaska has not filed a tax return and may subject the corporation Alaska imposes both the federal excess net passive income tax Alaska includes insurance companies in the combined group with Alaska Interest Rates Alaska Interest Rates 6 Alaska Items Alaska Items Schedules J K & L 13 Alaska provides a Voluntary Disclosure Program to qualified Alaska Quick Refund of Estimated Tax Filing Form 6230 does not Alaska regulations provide that intercompany transactions Alaska return if it is not required to file Form 990 T Alaska return is also required if the federal return is adjusted by Alaska return is not permitted Do not file using a water s edge Alaska return will often be different than the name on the federal Alaska taxable income credits and other taxes for each business Alaska taxable income reported on line 1 then enter the amount Alaska The list of corporations on Schedule B must agree to the All factor calculations (lines 4 8 12 and 14) must be rounded to all oil and gas corporations allocated and apportioned net capital losses from prior years Enter Allocation and Apportionment of Income Allocation and Apportionment of Income 5 allocation and apportionment the 10% taxable income limitation Allocation refers to the assignment of non business income to a allowable based on Alaska taxable income (IRC Section 246) Alternatively the taxpayer may elect to report the book income of amended federal return then you must attach documentation that amended return shows an overpayment Amended Returns Amended Returns 6 amending a 2013 or 2014 return the form has a checkbox on amount of the federal AMT that is applicable to the water s edge AMT credit multiplied by 18% and apportioned if appropriate The an Alaska dividends received deduction for the REIT dividends an Alaska return but Alaska does not impose a tax on the S an Alaska taxpayer If this taxpayer or consolidated group has an amended return checking the box for a protective claim and An amended return must be filed as a complete return If you are an Income Tax Education Credit that are included in line 1 from an inquiry from the DOR and meet other requirements Certain An LLC doing business in the state must file an Alaska tax return an outside party unless there is a Power of Attorney See Paid An S Corporation doing business in Alaska is required to file Anchorage: 907 269 6620 and a copy of the signed federal Form 1065 pages 1 5 and apportioned dividends included in Alaska taxable income and and by company and forms calculating the federal tax and the Alaska tax Enter the and other business income is apportioned using standard factors and other taxes have been calculated are they consolidated and outside Alaska must apportion such income To calculate the and Profits as reported on federal Form 5471 Please refer to 15 and the corporate level tax on built in gains These taxes are and to calculate the amount of charitable contribution carryover to and Unitary Group or Unitary Business ) and write Amended Return preferably in red across the top of annual accounting period of the taxpayer an interim closing of the any amendment of the taxpayer s federal income tax return or re any commodity product or feedstock derived from oil or gas any federal deduction limitations and exclusive of any federal any refund check bind the corporation to anything (including any APPENDICES Appendix A Form 6100 Appendix A Form 6150 Appendix A Worksheet for Charitable Contribution Appendix B Form 6100 Appendix B Form 6150 Appendix B Worksheet for Dividends Received applicable IRC provisions applies to the Alaska taxpayers not their federal return status apportioned separately for the Petroleum Business and the Other apportioned to Alaska (18% does not apply) Attach a copy of apportioned to other states apportionment factor use Schedule I Apportionment Factor apportionment factors calculated under Alaska Regulation 15 AAC apportionment formula under AS 43 20 144 based on the activities apportionment formulas under AS 43 20 144 The appropriate Apportionment refers to the division of business income among are considered to be indications of a unitary trade or business and are contained at Alaska Regulation 15 AAC 20 421(c) Taxpayers are necessary to reflect the combined income of the water s edge arise during the processing of the return The corporation is also arrive at consolidated taxable income AS 21 09 210 then that company is exempt from corporate income AS 43 20 047(h) Use Form 6323 to calculate the increase in tax AS 43 20 300 require the DOR to apply as far as practicable the as a corporation and so must file an Alaska corporate income tax as a corporation for federal income tax purposes the LLC must as appropriate Taxpayers using the combined method of reporting as limited under IRC Section 246 Use the worksheet in Appendix As of 1/1/14 Alaska charges simple interest on taxes due at a assistance please call: associated forms should be read to conflict with Alaska statutes or At Least(2) at the top of Schedule I Then complete lines 1 12 This will result attach a copy of the signed appropriate federal Form 8453 or Attach a schedule by company attach documentation that the federal amendment has been attach Form 6385 Tax Attribute Carryovers This form may also be attach schedule by category of income attached If the Alaska amended return claims a refund based on an Attachment of Federal Return Attachment of Federal Return 4 attributable to exempt foreign trade income authorizing the paid preparer to: Avoid Common Mistakes Avoid Common Mistakes 2 B to calculate the allowable deduction and enter the amount on B to effect a protective filing B Total the allowable DRD from the Petroleum Business and the Be sure that attached schedules are properly referenced and Be sure to attach a statement explaining the changes being before the DOR beginning and ending inventory Reverse end of year intercompany being filed by two or more Alaska taxpayers Consolidated between any two members of the combined group if those two between corporations within the world wide combined group to the books should be made for the members whose accounting period box if this is an amended return filed to report audit changes by business activities that are related to or incidental to oil and gas Business and Other Business according to the principal activity Business and the Other Business using the worksheet in Appendix business are business income Income from tangible or intangible business both within and without Alaska enter total gains and business conducted within and outside Alaska the members of business depends on the facts of each case The following factors business gain or loss that is allocable to Alaska on lines 8 and 14 business in Alaska then the partnership s apportionment factors business income and other business income business income Income resulting from transactions or activities business segment Business segment before deductions for federal net operating Business segments Business Taxable Income (UBTI) then check this box If the Business Taxable Income (UBTI) with the IRS you must complete But LessThan(3) but not less than zero but not less than zero This is the taxpayer s net capital gain Enter by other provisions of Alaska law In addition AS 43 20 160 and by the remaining number of factors and enter the result on line 14 calculated at the highest Alaska marginal tax rate of 9 4% If calculation and apportionment if applicable capital and Section 1231 gains are properly reported on Schedule J Capital gains charitable contributions and dividends received capital loss carryback is not allowable capital losses or excess charitable contributions then you must Carry the amount of allowable dividend received deductions to carryback may be partially or fully allowable carryback to be utilized in the current year in the space provided carryover from federal Schedule D carryover of tax attributes such as a net operating loss (NOL) carryover to current year but excluding capital loss carryback carryover values Schedule K is used to measure the taxpayer s Carryovers line 12 Do not enter the taxpayer s federal capital loss Carryovers You must attach Form 6385 to the case complete lines 1 8 Skip lines 9 12 Then go to line 13 Enter Caution: A Publicly Traded Partnership (PTP) is generally taxed Caution: If Schedule B is not properly completed then the DOR Certain Alaska taxpayers may be subject to AS 43 20 144 by virtue change is required because an Alaska corporate income tax return changes the filing due date of federal corporate income tax returns Check all boxes that apply Check the boxes indicating which activities that corporation has claim a refund when the taxpayer s right to the refund is contingent claim as well as the contingency affecting the claim Any claimed claim NOLs being carried forward from previous years claiming protection under P L 86 272 check the box next to that code sections this may require that the taxpayer to recompute column A by 18% and enter the result in column B Combined Affiliates Having Different Accounting Combined Affiliates Having Different Accounting Periods 6 combined group Attach a schedule by company combined group from federal Schedule J Multiply the amount in combined group of the taxpayer combined group that are included as income in line 1 above Do not combined group The incomes of the companies represented in combined income of the group to measure their Alaska taxable Combined Report Combined Report 5 combined report then a copy of the federal return filed by any of combined reporting and are required to file Form 6000 Alaska combined reporting method (See page 5 Combined Report combined with the income and factors of the corporate partner common owner(s) or by one or more of the members of the group common parent Where no common parent exists the income of company) or line 12 (in the case of a producing company) Enter completed based on information from federal Schedule D (without completed if the Alaska return is a consolidated return List each comprise the consolidated Alaska return computation of tax by the IRS The Alaska amended return must be compute the tax on line 4 The tax rate table is on page 2 of these confidential tax information Generally the DOR cannot discuss tax considered a protective claim consistent with its federal tax status If the LLC is characterized consolidated federal return and are in the same unitary business consolidated group may not be an intercompany transaction of the consolidated group that were eliminated in the federal consolidated consolidated return In an Alaska consolidated return the federal consolidated return who are in the same unitary business must file consolidation rules are applied to construct the Alaska consolidated construction fund then the taxpayer will calculate its FTI as Form Contact Person Contact Person 7 contact person who can answer any question that the DOR contribution amounts limited by the unitary group income Line 10 contributions convert to net operating loss if applicable copy of its signed federal income tax return (Form 1120 1120S corporate income tax return This requirement applies to tax corporate level tax is applicable Attach a copy of pages 1 through corporate level taxes are imposed attach copies of the schedules corporate level taxes on Form 6100 Schedule E line 7 or Form corporation Corporation and Subs ) All other Alaska taxpayers are listed on corporation checks the appropriate box on Schedule B line 1 Corporation for pass through items of income Generally an S corporation is claiming protection under P L 86 272 then that Corporation Net Income Tax Return Corporation Net Income Tax to the same extent it is subject to tax corporation s name on line 1 Otherwise check the boxes indicating corporation skip lines 2a g Corporation under federal law Corporation will satisfy its filing requirement by filing Form 6100 corporations An LLC with corporate member(s) characterized as corporations claiming exemption under P L 86 272 corporations in the ownership chain must file Form 6900 Alaska corporations reporting Alaska factors on Schedule I except those correctly listed on Schedule B to be considered as having made a credit allowable in the current year You must complete and attach credit for prior year minimum tax (AMT credit) is based on the federal Current tax forms and instructions are available online at: www Currently a federal corporate income tax return is required to be day of the fourth month after the end of the tax year Therefore for day prior to the wire transfer settlement date Prepare the payment days may or may not correspond to the 15th day of the following days of the due date for the federal return Note that the thirty deducted Deduction (DRD) 14 Deduction (DRD) 15 Deduction 14 Deduction 15 deduction from Schedule K line 10 deduction require special treatment They must be calculated and defined in 15 AAC 20 300(e) subject to the election at 15 AAC depreciation associated with such expenditures details please refer to Alaska Regulation 15 AAC 20 135(f) and (g) Determination of whether the activities constitute a unitary trade or determined on the basis of the same accounting period Generally different from the taxpayer shown on page 1 identify the payer by differs from the common parent and/or taxpayer If no substantial directed This must be an officer or employee authorized to receive direction (formal or informal) and activities within and without the directly or indirectly by one or more corporate or non corporate disaster You must check the applicable box on Form 6100 or Form Disclaimers Disclaimers 7 disposition of the property constitute integral parts of the taxpayer s Divide line 13 by 2 and enter the result on line 14 See Alaska dividends from 20% or more owned corporations Dividends received deduction after limitation Add amounts in column B Enter the dividends) Do not enter dividends between members of a federal Do not enter the federal net operating loss deduction The Alaska Do not include any capital gain income excluded as non business Do not list affiliated corporations that are not Alaska taxpayers Do not use the name of the federal consolidated group ( XXX documents are accepted in pdf or tif format only on the following domestic unitary corporations not included in line 1 with 20% or economies of scale EIN of the partnership on lines 1 5 or 9 election and the overpayment cannot be re applied or reduced at a election as applicable election is not allowed The election must be made on a timely Electronic Filing of Federal Return Information Electronic Filing of Federal Return Information 5 Electronic Filing Requirement elimination of intercompany profits as required under the combined elimination or adjustment from the consolidated federal return the employee who is authorized to answer any such questions employees or agents or through its interest in a partnership or 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 14 Enter amount of capital loss carryback utilized included in Schedule J line 9 Enter as a positive number enter dividends between members of a federal consolidated group 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 than 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 7 9b from Schedule G Enter sum of Schedule F lines 1 2 column C plus line 3a (taxable income before charitable contribution) but not less than Enter sum of Schedule F lines 1 2 column C plus Schedule F lines 3a 3b Enter sum of Schedule G lines 7 9a 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 dates and amounts of estimated tax payments made Enter the name and federal Employer Identification Number (EIN) enter the result on line 14 Enter the taxpayer s current gains and losses before any federal entered on line 1 entity is disregarded for Alaska purposes On Schedule I list the Estimated Tax Payments Estimated Tax Payments 4 etc for the tax year Every corporation engaged in either oil and gas production or excess contribution carryover Exempt Organization Exempt Organization 3 exemption under P L 86 272 exist as a result of a corporation s direct activity the activity of its expenditures incurred in the state The taxpayer may not get both Expenditures Tax Credit expenditures the Alaska depreciation must be adjusted to exclude explained on page 9 Other Business income is reported on explaining the protective claim See additional instructions for explore for and mine copper ores concentrate smelt and refine Extension of Time to File Extension of Time to File 3 extension of time to file is not an extension of time to pay extent they were not reversed in the measure of income reported extention is in effect factors average less than 20% Attach a schedule by company factors on Schedule I except those corporations claiming failure to file and failure to pay penalties are applicable only the failure to file penalty is imposed federal corporate income tax return is required to be filed by the 15th federal documentation showing that the changes are final If federal Form 8866 or 8697 as applicable federal forms may not be accurate Nothing in these instructions or federal forms supporting any credits not reported on Form 3800 federal non recaptured net Section 1231 losses Federal tax return information can be filed in digital file format Digital federal tax return information should start with pages 1 through 5 of federally exempt foreign trade income and allowing for deductions file (see Paid Preparer Authorization on page 4) file a tax return in accordance with the instructions applicable to file an Alaska Oil and Gas Corporation Net Income Tax Return filed an Alaska corporate tax return have not been the subject of filed by the 15th of the third month after the end of the tax year filed return (including extensions) Alaska follows federal rules filed with full payment of any additional tax within 60 days after the Filing a Consolidated Return Filing a Consolidated Return 4 filing and prevent unnecessary correspondence with the DOR filing your corporate tax return using Revenue Online at: final determination of the federal adjustment to avoid assessment of finally resolved following the federal due date for 2012 or an earlier tax year you must file a complete return for failure to file An alteration to the taxpayer s federal income tax for federal tax purposes for in the combined report in the same manner as the transaction For tax years beginning in 2016 an Alaska corporate income tax for the entire corporation The corporation may not report federal for the Qualified Oil and Gas Service Industry Expenditure Credit for the tax year If a payment was made under a name and EIN Foreign corporations are treated as domestic corporations for Form 1120 See federal instructions for Form 1120 line 30 for more Form 6100 Form 6100 (or the associated Form 6150) is required for any Form 6100 is used by taxpayers whose unitary business is Form 6150 FORM 6150 Form 6220 must be checked See separate instructions for Form Form 6300 line 45 to report Alaska incentive credits that are not Form 6310 line 5 Line 2 should not exceed $9 800 000 Form 6321 to calculate the increase in tax liability and attach to Form 6385 Tax Attribute Carryovers Form 774 Power of Attorney Form 8453 or Form 8879 (signed) as filed with the IRS Form 8453 or Form 8879 which must show the signature Form 8879 Do not attach a pro forma return Send only the form and schedules Form 6100 (or the associated Form 6150) formula is determined based on the activities of the taxpayer s from Form 6327 line 2 from Form 6327 line 2 that is applicable to the Other Business from its federal charitable contribution deduction as a result of from line 7 according to the appropriate deduction percentage in from prior years from line 18 of Form 6385 Tax Attribute Carryovers from Schedule D the sum of lines 8 10 plus lines 12 14) Do not from the consolidated federal return the initiation of an elimination fulfill a corporation s filing obligation Full payment of the Alaska tax must be made on or before the G as non business income These dividends are not eligible for G line 10a Gains and losses are measured after allocation and apportionment gains and losses from Schedule J line 20 GENERAL INSTRUCTIONS general line of business For example corporations that operate Generally an exempt organization is subject to the Alaska Generally the DOR cannot discuss taxpayer information with Generally when it is necessary to convert an affiliate to the generated an Alaska investment tax credit The subject amount gov If the payment covers multiple tax years prepare a separate graduated rates in addition to the 12 6% add on tax that is reported greater U S factors Attach a schedule by company greater U S factors Attach a schedule by company gross up foreign dividends and dividends deducted on Schedule group and the federal taxable income of foreign corporations as 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 to other members of the Other Business group (intercompany group2 Multiply line 1 by 18% have been modified for clarification or space issues Please see having nexus in Alaska change the designated taxpayer according HELPFUL TIP: Many tax return errors can be avoided by https://online tax alaska gov identification Unless the corporation changed its name enter If a bank account has a debit block any online payment request If a corporation is protected under P L 86 272 and the corporation If a corporation owns an interest in a partnership that conducts If Alaska activity is conducted by a Disregarded Entity then its 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 one member of an Alaska consolidated group claims protection If the applicable box is checked the corporation is authorizing If the Attorney General s opinion applies check the relevant box If the common parent of the federal consolidated group is an Alaska If the corporation is a Personal Holding Company (PHC) If the corporation is claiming a credit for in state oil refinery 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 be If the taxpayer does business only in Alaska enter 1 000000 If the taxpayer is a disregarded entity under federal law then that If the taxpayer qualifies for special federal treatment under these If the unitary business is engaged only in oil or gas production in If the unitary business is engaged only in regulated pipeline activity If the unitary business produces oil or gas in the state and also If there is more than one corporation holding such an interest use If this is an amended return filed to report an additional overpayment If this is an amended tax return filed to claim a carryback from a If this is an amended tax 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 choose to pay by check or wire transfer Revenue Online If you have questions need additional information or require other If You Need Help If You Need Help 2 In accordance with an Attorney General s Opinion of October 20 In addition to the instructions above please note the following in Alaska (property sales extraction for Petroleum Business; in conjunction with your federal tax return processing This In that case complete lines 1 4 and lines 9 12 (Skip lines 5 8 ) in the current year The Alaska excess capital loss is the taxpayer s in the first space on line 9 the amount from Form 6385 Tax Attribute in the state check the appropriate box at the top of Schedule I in zero being reported on line 8 (in the case of a transportation include functional integration centralized management and include the reversal of a consolidating elimination or adjustment included in a consolidated federal return these same taxpayers included in the measure of income reported on lines 1 through 2c includes ordinary gains and losses including a written statement that clearly identifies the basis for the including extension is subject to a failure to file penalty of 5% of the including its share of partnership factors Do not list the name or including petrochemicals whether or not acquired from or including those in Enterprise Zones and Gulf Opportunity Zones Income 12 income differences between the federal consolidated group and income on line 6f income or loss and calculate any applicable Alaska tax Attach a Income Tax Education Credit contributions and differences in Income Tax Return income The worldwide combined reporting method is required for income Use Schedule I 1 to report the apportionment factors of the income Use Schedule I 2 to report the apportionment factors of incomes for each member of the federal consolidated group incurred to produce non business income You must attach a individual to whom correspondence regarding this return should be information on these special situations initiation of an elimination or adjustment for inter group transactions instructions 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 Form 6100 and Form 6150 (Filed instructions for Schedule L on page 11 ) Instructions Specific to Form 6150 instructions specific to Form 6150: Insurance Companies Insurance Companies 6 intended to address every legal situation The taxpayer is advised interest in a producing property or a regulated pipeline in the state interest in a regulated pipeline in the state Taxpayers that are IRC under AS 43 20 021(a) In addition use this line to report other is accounted for in the consolidated federal return Refer to Alaska is joining in filing an Alaska consolidated return as a protective is late up to a maximum of 25% of the unpaid tax is later than the date on federal Form 4549 or 4549A the reason is limited to Alaska taxable income in accordance with IRC Section is necessary because of recent changes to federal law is pending do not take into account changes reported on the is required for any taxpayer engaged in the production of oil is the act of conducting business activity within the state and may is then multiplied by 18% but is not apportioned Is there a Net Operating Loss carryforward available to reduce taxable income in the current year? It does not apply to the firm items 1 4 above items; namely capital gain net income charitable contributions JUNEAU AK 99811 0420 Juneau: 907 465 2320 labeled with Taxpayer Name EIN and tax year If multiple discs or Late Filing of Return Late Filing of Return 7 Late Payment of Tax Late Payment of Tax 7 later date See federal Treas Reg 301 6402 3(a) and (d) legal purchasing advertising or financing; or lesser of $10 000 000 or 40 percent of qualified infrastructure liability and attach to the tax return limitations according to their character Corporations that conduct limited liability company Limited Liability Company (LLC) Limited Liability Company (LLC) 3 Line 1 Alaska taxpayer information: This schedule must be Line 1 Alternative Minimum Tax (AMT): In column A report the line 1 of Schedule H If the taxpayer is not affiliated with another line 1 These would include intercompany dividends Section 78 Line 1: Enter in column A the current Section 1231 gains and Line 1: Enter the federal taxable income or (loss) of the Other Line 1: Enter the taxpayer s current charitable contributions before Line 1: Taxpayers should refer to Alaska Regulation 15 AAC line 10 against the gain from line 16 and enter the result on line 18 Line 10a: Enter the taxpayer s Alaska capital and Section 1231 Line 10b: Enter the taxpayer s Alaska charitable contribution line 10c Line 10c: Enter the taxpayer s Alaska dividends received deduction line 11 Line 11 Alaska credit for prior year minimum tax: The Alaska Line 11: Enter the amount of long term capital gains and losses line 16 against the gain from line 10 and enter the result on line 17 Line 17 Overpayment credited to estimated tax: This is a binding Line 17: If line 10 is a gain and line 16 is a loss offset the loss from Line 18: If line 16 is a gain and line 10 is a loss offset the loss from Line 2 Alaska net operating loss (NOL) deduction: If there is line 2 Form 6385 Tax Attribute Carryovers must be attached to Line 2 Net capital gain: Enter amount from Schedule J line 18 Line 2: Enter charitable contributions that were used to generate Line 2: The taxpayer s Alaska non recaptured net Section 1231 Line 20: Add lines 17 18 and 19 and enter the result on Schedule line 28 for all domestic corporations included in the combined Line 28 will not be applicable in certain situations If the taxpayer is Line 2a: Enter the FTI reported on the federal tax return(s) of all Line 2b: Enter the income of unitary foreign corporations of the Line 2c: Enter income reported by tax haven corporations Also Line 2c: Remove the income or loss of companies included in line Line 2d: Enter the adjustment for intercompany transactions Line 2d: Remove the income or loss of companies included in line Line 2e: Remove the income or loss of companies included in line Line 2f: Enter the adjustment for intercompany transactions that line 35 Alaska alternative minimum tax previously Line 3h: Enter the amount of expenditures that are being claimed Line 4 Personal Holding Company (PHC) tax: Report the PHC Line 4 Tax on ordinary income: Use the Tax Rate Table to Line 4e: Enter the amount of expenditures that are being claimed Line 4f: Enter the adjustment for in state oil refinery expenditures Line 5 Increase in tax liability due to cessation of commercial Line 5: Enter the amount from federal Schedule D the sum of Line 5c: Enter depreciation based on IRC Section 167 as it read Line 5e: Enter the dividends between members of the worldwide Line 5g: Enter amount of capital gain income from federal Form Line 5h: Enter amount of federal Section 1231 gains that are Line 5i: Enter any non business income or loss claimed and attach Line 6 Increase in tax liability due to cessation of commercial line 6 stop here Line 6: Enter the taxpayer s Alaska excess contribution carryover Line 6b: Enter the dividends paid by members of the combined Line 6f: Enter any non business income or loss claimed and attach Line 6g: Enter amount of capital gain income from federal Form Line 6h: Enter amount of federal Section 1231 gains that are Line 7 Other Alaska incentive credits: Enter amount from Line 7 Other taxes: Report on line 7 any other federal taxes or Line 8: Enter apportionment factor from Schedule I line 14 Line 8: Enter the Alaska taxable income for deduction limitation Line 9: Enter non business income or loss allocated to Alaska and Line 9: Enter on line 9 the Alaska excess capital loss to be utilized Line 9: Multiply line 7 times line 8 to calculate apportioned income lines 1 5 attributable to the combined group Do not use line 7 lines 1 through 2e may or may not include adjustments to or the Lines 2a 2d: Enter the amounts of dividends already deducted Lines 8 and 9: Enter the allocated and apportioned dividends list of taxpayers listed on Schedule B plus the taxpayer named loss and federal dividends received deduction ( FTI ) Generally Losses Losses 11 losses are based on the apportioned Section 1231 gains and losses from prior years (Form 4797 line 8) losses in prior years and may not correspond to the taxpayer s losses on lines 1 5 and 11 and enter non business capital gain losses which must be reported on Schedule J line 1 made on an amended return An original tax return is never made through Revenue Online or by wire transfer; see Alaska Mail check with return or payment voucher to: Mail the return with attachments to: match the list of taxpayers listed on Schedule B plus the taxpayer matters with an outside party unless there is a Power of Attorney on may apply for quick refund if the overpayment is: may be refundable if the credit exceeds the taxpayer s tax liability may determine that a particular corporation doing business in may elect to file a consolidated return if they qualify to join in a may have regarding the tax return This must be an officer or measure then that corporation must be properly listed on Schedule media: CDs DVDs or thumb drives All media must be physically member of a federal consolidated group then the name on the member of the Alaska combined group The corporation must be member of the Alaska consolidated group on Schedule B except member of the Alaska consolidated group on Schedule B line members join in a consolidated federal return must be accounted members of the federal consolidated group unless all of Method Form 6220 must be completed and the applicable box on method of reporting An intercompany transaction of a federal method requires the use of approved tax preparation software minimum tax previously paid to Alaska since the 1987 tax year misstatement of income results a pro rata conversion may be Modified apportionment factors are applied to Petroleum Business month month after the end ot the tax year more information more owned corporations which are eligible for a DRD multiplied by 18% and apportioned if applicable Attach a copy multiply across Enter the sum of line 8a d column C in line 9 Use Multiply line 10 by 70% Multiply line 3 by 10% Multiply line 5 by 80% Multiply line 6 by 10% must be filed within 30 days of the date that the taxpayer s federal must be satisfactorily explained to avoid assessment of a penalty must file a consolidated Alaska return if they are part of the name and EIN for subsequent tax periods until the taxpayer leaves name and EIN of one taxpayer included in the consolidated filing name and EIN of the owner of that disregarded entity named on page 1 of the tax return Net Income Tax Return net of prior year Alaska AMT credit previously applied For further net operating loss deduction may differ from the federal net net operating loss determined under the Internal Revenue Code net operating loss determined under the IRC subject to modification net passive income taxes Attach a statement showing the tax Nexus creating activities may include but are not limited to: nexus in Alaska after this tax year Nexus sometimes referred to as doing business within the state NOL carryforward available from Form 6385 line 2 Enter as a positive number non business income claimed by type of income and by company Non business income is all income other than business income non business income on line 5i normal functions that a truly independent business would not engaged in either of these activities in the state during the not enter federal accumulated nonrecaptured net Section 1231 not less than 0 not report amounts on Schedule A (or any other pages) unless a notation in the area below the Estimated Payments section Total Note that a consolidated return is required in some cases See Note that Alaska law does not adopt IRC Sections 1400 1400U Note that partnership income and factors are attributed to and Note that the income of the foreign corporation must be reported Note that the list of taxpayers listed on Schedules I 1 or I 2 must Note: Alaska Regulation15 AAC 20 421(b)(2) requires that general Note: If the federal return exceeds 50 pages a corporation may Note: If you are filing an amended return Schedule J must be fully Note: The taxpayer s obligation to report and pay additional tax notice can be found under Tax Types Corporate Income Tax of a federal consolidated group may not be an intercompany of Application of AS 43 19 010 Art 4 Sec 18(c) To Allow Factor of federal Form 8611 of income reported on lines 1 through 2e Reverse beginning of of limitations expires A protective refund claim is made by submitting of line 4 or 5 Enter here and on Schedule A of NOL to be utilized in the current year in the space provided on of oil or gas production or pipeline activity but also conduct a of Revenue is 0000902050 of the corporation Petroleum Business is defined in Alaska of the dividends paid deduction of the fact that the various steps in the process are operated of the fifth month after the end of the tax year For a calendar of the group are inextricably related Tests of unitary determination of the Petroleum Business and the Other Business segments of the schedules prepared for the computation of consolidated of the taxpayer If this is a consolidated Alaska return enter the of the taxpayer s worldwide unitary business For more information Of TheAmount Over 0 25 000 0 0 0 of this schedule should be carried forward to Schedule F line 3b of underpayment If the corporation is relying on the Adjusted on federal Form 5471 Please refer to Alaska Regulation 15 AAC on future events and may not be determinable until after the statute On July 31 2015 federal legislation was signed into law that on June 30 1981 or financial statement depreciation See 15 AAC on line 13 the total of lines 4 8 and 12 Divide line 13 by 3 and on line 13 the total of lines 4 and 8 Divide line 13 by 2 and enter on line 14 If the taxpayer has business activity both within and on line 9 This generally comes from Form 6385 line 16 Note that on lines 1 through 2c on page 1 of the tax return An exception is a corporation claiming On page 1 report the name and EIN of the corporation that holds an on page 1 under Return Information on page 5 ) A consolidated business is a group of corporations in on Schedule B must agree to the corporations reporting Alaska on Schedule E line 4 On Schedule I report the corporation s property payroll and sales on Schedule J line 9 on the original return or as last amended or adjusted by the DOR on this issue consult the notice issued November 19 1999 Notice Once the relevant matter is resolved the claim is perfected by filing one half months of the tax year end and file the return within 30 Online Online also has other benefits including real time access to online payment to register the State of Alaska as an authorized online tax alaska gov If you are a first time taxpayer the system only to account for payments made and refunds received based operating loss as a result of state adjustments to federal taxable operating loss This may require an iterative process to calculate operations operations of a gas storage facility under AS 43 20 046(h) Use operations of a liquefied natural gas storage facility under operations or coordination operations which are defined as follows: or accounted for on Schedule G that are included in Schedule L or activity that is unusual or infrequent is not non business income or adjustment for inter group transactions that are not reflected in or business are engaged in one unitary trade or business when or carrybacks or gas from a lease or property in the state or that owns an or loss on lines 6 and 12 as appropriate Enter the portion of non or similar wholesale or retail outlets; financing insurance and or the status of any related refund or payment(s) and organization does not report any UBTI then the organization organization that is filing federal Form 990 T to report Unrelated Other Business Other Business 13 Other Business and enter the total on Schedule F line 3c Other Business segment check the box in column C otherwise be considered as engaged in more than one trade outside of Alaska then Schedule I must be fully completed Note overhead and administrative expenses be assigned to the other overpayment is not refunded until the matter is resolved The DOR owner on Schedule B not the Disregarded Entity Do not list a P L 86 272 If this is a consolidated return and another Alaska page 1 to indicate amended return If you are amending a return page 4 if the federal return exceeds 50 pages paid from line 20 of Form 6385 Tax Attribute Paid Preparer Authorization Paid Preparer Authorization 4 particular state Partnership Partnership 3 Partnership Information Return along with supporting schedules partnership interest partnership on Schedule B; report the corporation holding that Payment Due Date Payment Due Date 4 Payment of estimated tax is required as provided under IRC Payment of Tax Payment of Tax 6 payment penalties and interest If a bank account has a debit block payment with a return is $150 000 or greater payment must be Payments can be conveniently made electronically using DOR s payments must equal Schedule A line 10 penalties are waived but tax and interest must be fully paid For perform for itself such as accounting personnel insurance Periods Petroleum and Other Business Income petroleum and other business income must separately calculate Petroleum and Other Unitary Business Taxable Income PETROLEUM BUSINESS Petroleum business income is apportioned using modified factors Petroleum Business income is reported on Schedule G as Petroleum Business See instructions for Schedule I on page 10 pipeline in the state Taxpayers that are not engaged in these Please see Alaska Regulation 15 AAC 20 320 for further information Plus(5) PO BOX 110420 portion of a period the payment is late up to a maximum of 25% of portions of the federal return specified in the instructions on prepare the return with the following steps: Preparer Authorization on page 4 previously filed under the name and EIN of a common parent not pro forma returns processing transportation and marketing of oil and gas or products are engaged in a unitary trade or business regardless profit eliminations between corporations within and outside of profit eliminations between corporations within and outside of the properly completed Schedule B property in the state or which owns an interest in a regulated property is business income if the acquisition management and property sales payroll for Other Business) The list of corporations property; protection under P L 86 272 check the box in column B next to protective Alaska filing Also you must check the appropriate box Protective Claim Protective Claim 7 protective claim check the additional box and attach a statement 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 6 purposes of determining eligibility to file a consolidated Alaska purposes Use worksheet in Appendix A to calculate the limitation Qualified In State Oil Refinery Infrastructure Quick Refund Quick Refund 4 rate which fluctuates each quarter For current rates refer to our Real Estate Investment Trusts (REITs) Real Estate Investment Trusts (REITs) 6 recapture rules to the extent that the investment originally received if the REIT income is included in the combined report net Recent legislation provides a tax credit for an in state oil refinery refundable credits This includes the Income Tax Education Credit regard to federal capital loss carryovers or carrybacks) and Form regard to whether there is a physical presence in the state regular trade or business Income meeting either the functional or Regulation 15 AAC 05 310 Regulation 15 AAC 20 150 155 for more details Regulation 15 AAC 20 300(m) Regulation 15 AAC 20 421(d) as oil and gas operations and Regulation 15 AAC 20 490(1) for more information regulations related regulations and to consult a legal advisor related service activities; and sales of assets used in oil and gas Relief For Certain AS 43 20 072 Taxpayers The full text of this Replicating the federal Form 851 information does not constitute a report RAR showing federal changes by company along with report the book income of the foreign corporation or its Earnings reported (See instructions for related checkboxes below ) represented in lines 1 through 2c may or may not include adjustments require a taxpayer to electronically file its Alaska corporate income required under AS 43 20 053(c) result here and on Schedule F line 3c result here and on Schedule G line 10c resulting from adjustments to federal income tax liability is not return return return (for a C Corporation) will generally be due on the 15th day return A PTP does not file Form 6900 unless it files as a partnership return all eligible taxpayers must be included in the consolidated return being deemed incomplete and penalties may apply Return Due Date Return Due Date 3 return filed to claim a capital loss carryback enter the amount of return If any two taxpayers join in filing a consolidated Alaska return includes any alteration to the return of any member of the Return Information Return Information 7 Return Information checkboxes return is different from the name reported on the prior return return is required to be filed (See AS 43 20 030(a) ) This change return preparation return See specific instructions on page 8 regarding taxpayer return should enter the FTI of the federal consolidated return on return through Revenue Online It is quick and easy Revenue return You must file a complete return to amend including all Revenue Online does not accept ACH credit or credit card Revenue Online system You may access this system at https:// Reverse beginning of year intercompany profits on transactions reversed in the measure of income reported on lines 1 through 2e same unitary group Schedule A Alaska Net Income Tax Summary 8 Schedule A Net Income Tax Summary Schedule B Alaska Taxpayer Information Schedule B Alaska Taxpayer Information 12 Schedule B is not fulfilled by attaching federal Form 851 data Schedule B line 1 Schedule B listing all members of the Alaska consolidated Schedule B Taxpayer Information 8 schedule by category of income Enter on line 4b expenses incurred Schedule C Tax Payment Record Schedule C Tax Payment Record 9 Schedule D Alaska Tax Computation Schedule D Alaska Tax Computation 9 Schedule E Other Taxes Schedule E Other Taxes 9 Schedule F Schedule F calculates the taxable income consolidating the results Schedule F Petroleum and Other Unitary Business Taxable Schedule G Computation of Alaska Income Schedule G Computation of Alaska Income 9 Schedule G line 10c Schedule H as follows: Schedule I 1 Petroleum Business and Schedule I 2 Schedule I Apportionment Factor Schedule I Apportionment Factor 10 Schedule I Complete lines 1 13 Divide the amount on line 13 by Schedule J Alaska Capital and Section 1231 Gains and Schedule J is used to calculate separately apportioned capital and Schedule J is used to calculate the taxpayer s Alaska net capital gain Schedule K Alaska Charitable Contribution Deduction Schedule K Alaska Charitable Contribution Deduction 11 Schedule K is used to calculate separately apportioned charitable Schedule L Alaska Dividends Received Deduction Schedule L Alaska Dividends Received Deduction (DRD) 11 Schedule L calculates the Alaska dividends received deduction schedule of all non business income claimed by type of income schedules Do not mark schedules As originally reported Schedules G and H Schedules G and H Petroleum and Other Business Seasonal Installment Method or the Annualized Income Installment Section 6655 A corporation failing to pay the proper estimated tax See Public Law (P L ) 86 272 discussion on page 6 segment segment Only after each segment s apportioned income credits Several of the checkboxes on page 1 of the Forms 6100 and 6150 should not file an Alaska corporate income tax return should report the gains and losses of the entire combined group signed copy of Form 990 T An exempt organization does not file an solely because of the unusual or infrequent nature of the income some federal based credits or deductions for Alaska purposes space on line 2 Use Form 6385 to identify the loss years Special capital loss carryback notes: If this is an amended SPECIFIC INSTRUCTIONS Specific Instructions below Standard apportionment factors are applied to Other Business state are contributory and complementary in nature such that profits states by the use of an apportionment formula statutes Such taxes include but are not limited to: strong centralized management are: Sub Chapter S Corporation (S Corporation) Sub Chapter S Corporation (S Corporation) 3 subject to federal minimum taxable income requirements or if the subject to modification under Alaska law as if the corporation were submit the following portions of the required federal return in lieu of substantially independently of each other and with only general 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 supervision from the executive offices tax alaska gov TAX DIVISION tax of 12 6% apportioned if appropriate This tax is assessed in Tax on page 6 Tax Rate Table Tax Rate Table 2 TAX RATE TABLE(tax years beginning on or after 8/26/13) tax return if the taxpayer is required to electronically file its federal tax return will generally be due May 15 2017 tax This is accomplished by excluding that company s numerator tax year are required to file Form 6000 Alaska Corporation Net taxable as ordinary income from federal Form 4797 line 12 Do 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 shown on federal Form 1120 F unless the Form taxable income The schedules must show the separate taxable taxes and additions to tax liability required under other Alaska tax taxes If a taxpayer is a member of a consolidated business then taxpayer as filed with the Internal Revenue Service (IRS) If taxpayer engaged in the production of oil or gas from a lease or Taxpayer Identification Taxpayer Identification 12 Taxpayer Identification 7 taxpayer is deducting contributions to a Merchant Marine capital taxpayer s annual accounting period taxpayer s original Alaska corporate tax return taxpayer use its name and EIN on page 1 Otherwise select the taxpayer with the largest Alaska presence Continue to use that Taxpayers should consult the regulations at Alaska Regulation 15 taxpayers The taxpayer must voluntarily come forward have never that are necessary to reflect the combined income of the world that are not reflected in the income reported on lines 1 or 2a 2e or that are within the regular course of the taxpayer s trade or that corporation s name on line 1 If the corporation is part of the that manufactures and sells refined products The credit is the that the list of taxpayers listed on lines 1 5 or 9 must match the that were eliminated in the federal consolidated return (Also see the accounting period used in the return should be that of the the Alaska combined group and the amount of income or loss the Alaska consolidated group or the common parent becomes the Alaska corporation income tax return reporting the taxable 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 Taxpayers included in a consolidated federal the allowable capital loss carryback In this situation you would the amended return If you are amending your return to claim a The application of an Alaska net operating loss is governed by The basic reporting approach under 15 AAC 20 421 is to the combined affiliates should be determined on the basis of the the combined method of reporting An intercompany transaction the copper ores and fabricate the refined copper into consumer The corporation applies for the refund by completing Form 6230 The corporation filing the Alaska tax return must provide a complete The corporation is not authorizing the paid preparer to receive the corporation must calculate its tax on Schedule D using the the corporation named on page 1 is claiming protection under the corporation s federal income tax return is required to be filed The credit may also be carried forward for five tax years See AS The deduction is limited by taxable income under IRC Section The Department of Revenue (DOR) has adopted regulations that the dividends received deduction income tax credits and other The DOR does not accept amended returns on Forms 611X or the DOR to call the paid preparer to answer any questions that The election is made for the entire net operating loss; a partial the entire federal return: the federal income tax return was electronically filed you must the federal tax return filed with the IRS The DOR does not accept The filing due date for S Corporation remains the 15th of the fourth the foreign corporation or its Earnings and Profits as reported the Form 1065 See separate instructions for Form 6900 The income of a foreign corporation is the taxable income before The income of all affiliates included in a combined report must be the income reported on lines 1 or 2a 2c or a combination of the the instructions are accurate and helpful The instructions are not the IRS the IRS extends a due date because of events such as a natural the IRS for the same tax year If the Alaska return is based on a the IRS has accepted the amended federal return An amended the IRS or the filing of an amended federal tax return (Form the members of the combined group must be attached The most common adjustment is for intercompany profits in The most common adjustment is for intercompany profits residing in the name and EIN of the taxpayer with the largest Alaska presence the name as it appeared in the prior return If the name on this the next succeeding year only if the amended return is filed before the Other Business segment 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 preparer whose signature appears at the bottom of the return the presence of any of these factors creates a presumption that the the result on line 14 See Alaska Regulation 15 AAC 20 490(2) for The return must be signed by an authorized officer of the The rules for determination of the predominant business activity the signature area of the return This authorization applies only to the sixth decimal place If both the numerator and denominator (for the state check the appropriate box at the top of Schedule I In that the State of Alaska Treasury Division by 2:00 p m the business the tax return The taxable incomes of all taxpayers are then consolidated to the taxpayer is encouraged to contact its bank before making an the taxpayer is required to determine its taxable income using the The taxpayer s Alaska charitable contribution deduction may differ the taxpayer s net capital gain on line 2 column A of Schedule D the taxpayer shown on page 1 If the corporation is claiming the transactional test is business income Income from transactions the unitary group that are Alaska taxpayers must apportion the the unpaid tax If during any period or portion of a period both the the worksheet in Appendix B to calculate the amount of dividends the world wide combined reporting group to the extent they are then complete question 4 of Schedule B Then go to line 13 Enter on line 13 the total of lines 4 and 12 There are two ways to file an Alaska corporate income tax return: there is strong centralized management Some indications of These instructions are presented to assist the taxpayer in preparing this box if the tax return shows a net operating loss on Schedule This election is state specific; a federal waiver is not effective This includes sales of non petroleum goods at gasoline stations this is a refund claim based on an amended federal tax return This should agree to the federal return required to be attached to this will be line 28 of the federal income tax return of the taxpayer those corporations have nexus in Alaska The requirement for three factors apply Check both of the relevant boxes at the top of through 4 of Form 1120S pages 1 through 6 of the Form 1120F thumb drives are used they must be sequentially numbered The Thus the due date is not necessarily the 15th day of the month to 30 days after the federal extended due date This is also true if to a penalty for failure to file to be included in the combined group The taxpayer may not claim to consult Alaska Statutes Title 43 Chapters 05 19 and 20 and To facilitate the processing of the return be sure to do the following: to net operating loss to or the elimination of intercompany profits as required under to pay penalty of 5% of the unpaid tax for each 30 day period or to produce non business income You must attach a schedule of all to these instructions and complete Schedule B question 4 transaction of the world wide combined reporting group This may transactions The taxpayer will register directly with Revenue transferred between parts of the unitary business transportation of oil or gas via regulated pipeline in the state must transports oil or gas by regulated pipeline in the state then all true if the original return did not report an overpayment but the Two or more Alaska taxpayers included in the same federal Under 15 AAC 20 421(c)) under Alaska law as if the corporation were a domestic corporation Under AS 43 20 021 Alaska adopts IRC Sections 1 1399 and under P L 86 272 then that corporation will report no numerator under the IRC If you file federal Form 990 T to report Unrelated unitary business Unitary business income is segregated between Petroleum UNITARY BUSINESS NOT PREDOMINANTLY A unitary business that is not predominantly a petroleum business Unitary Group or Unitary Business Unitary Group or Unitary Business 5 unitary trade or business when engaged in different steps in a unpaid tax for each 30 day period or portion of a period the return Upcoming Changes Due Dates for 2016 tax returns use the amount from line 15 as it includes Section 1231 gains and Use the worksheet below to calculate the amount of Alaska AMT use this line to report the foreign sales corporation s profit including used to claim a carryback of NOL or capital losses values for property payroll or sales The corporation will still be a values from the numerators of the combined group vertically structured enterprise For example corporations that Voluntary Disclosure Program Voluntary Disclosure Program 7 voucher for each year voucher Payment vouchers can be found on Revenue Online or voucher using Revenue Online and email to cashmgmt@ alaska water s edge group Include any foreign corporation with 20% or water s edge group This may include the reversal of a consolidating water s edge group to the extent they are included in the measure website at www tax alaska gov 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 due will be subject to an underpayment penalty for the period When this form was drafted the current year federal tax forms Whenever two or more corporations are engaged in a unitary where a taxpayer wants to make a late election or to revoke an Where to Send Return Where to Send Return 4 which activities (property extraction sales) that corporation has in Which Form to Use Which Form to Use 3 which grant tax benefits for activities in certain geographic zones which includes federal unused capital loss carryover (See line 9 which more than 50% common ownership of the group is owned Who Must File Who Must File 3 Who Must Sign Who Must Sign 4 whose factors related to the petroleum business are less than wide combined reporting group The incomes of the companies will be rejected by the bank Rejected payments may result in late will require you to register will treat the amended return as an information return with the consolidating eliminations and adjustments made to with the paid preparer who signed it check the applicable box in within the water s edge combined group to the extent they were not Worksheet for Charitable Contribution Deduction Worksheet for Dividends Received Deduction (DRD) worldwide combined method of reporting (See Combined Report year after 2015 enter the amount of carryback to be utilized in the year intercompany profits on transactions between corporations year taxpayer the 2016 return will be due on May 15 2017 This years beginning on or after January 1 2015 Please see Alaska You can also use Revenue Online to make payments! You can also use Revenue Online to print a payment voucher you can make the election to carry the additional overpayment to You may not claim the special capital gains tax rate of 4 5% unless you may use Form 6240 your account and convenient payment options Use the correct Your Tax is(4)