Alaska Corporation Net Income Tax Return Form

Every corporation registered with the State of Alaska must file for the Corporation Net Income Tax Return every year.Download

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0405-611  Rev 01/13 - page 1	
SCHEDULE A - NET INCOME TAX SUMMARY	
1.Alaska income (loss) from Schedule H, line 12	1	
2.Alaska net operating loss deduction (attach schedule)	2	
3.Alaska taxable income. Subtract line 2 from line 1	3	
4.Alaska income tax from Schedule D, line 7	4	
5.Other taxes from Schedule E, line 6	5	
6.Total tax.  Add lines 4-5	6	
7.Film production tax credit from Form 6300, line 18	7	
8.Other Alaska incentive credits from Form 6300, line 29	8	
9.Federal-based credits from Form 6390, line 38 	9	
10.	Net Alaska income tax.  Subtract the sum of lines 7-9 from line 6.  If more \
than $500, attach Form 708	10	
11 .	Payments from page 3, Schedule C	11	
12.	Alaska refundable incentive credits from Form 6300 line 22	12	
13.	Reserved	13	
14.	Tax due (overpaid). Subtract the sum of lines 11-12 from line 10	14	
15.	Penalty for underpayment of estimated tax from Form 708, line 18	15	
16.	Total amount due (overpaid). Add lines 14-15	16	
17.	Overpayment credited to 2013 estimated tax (enter as positive number)	17	
18.	Refund.  Add lines 16-17	18	
I declare, under penalty of perjury, that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which pr\
eparer has any knowledge.	
 Check if the DOR may discuss this return with the preparer (see instructions)	  	
Officer’s Signature	Date	Title	
DEPT. USE ONLY	
Preparer’s Signature	Date	 Check if self-employed	Preparer’s SSN or PTIN	Refund	
Preparer firm’s name (or yours ifself-employed) and address	EIN	Phone	CFWD	
City	State	Zip Code	Dept Use OnlyValidation Number:	Approved	
EIN 	Contact Person	
Name	Title	
Mailing Address	Contact  Email Address	
City	State	Zip Code	Contact Telephone Number	Contact Fax Number	
DEPARTMENT USE ONLY
ENV
FSN	
Return Information	Federal extension is in effect (attach a copy of Form 7004)	Exempt Organization (see instructions)	Check applicable boxes:	
First Alaska  return	S Corporation (attach 1120S)	Name or address change since last year	
Final Alaska  return	Homeowners Association (attach 1120H)	Carryback is waived for net operating loss	
Consolidated Alaska  return	Public Law 86-272 applies	Estimated tax payments based on Annualized Method	Affiliated group includes tax haven corps	
For the calendar year 2012 or the taxable year beginning
____________, 2012 and ending ____________, _______	
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2012 Alaska Corporation Net Income 
Tax Return 
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0405-611  Rev 01/13 - page 2	
SCHEDULE B - TAXPAYER INFORMATION	
1. ALASKA TAXPAYER INFORMATION. LIST ALL CORPORATIONS HAVING NEXUS IN ALASKA. DO NOT REPRODUCE, REFERENCE, OR ATTACH FEDERAL FORM 851.
No.A
Name of each corporation having nexus in Alaska B
NAICS  Code C
EIN D
Year Began
Doing Business in Alaska E
State of Commercial Domicile F
Included in Federal
Consolidated Return Y/N
1.	
  	
2.	 	
3.
4.
5.
6.
7.
2. If any taxpayer included in this return is included in a 
federal consolidated return (Form 1120), provide the 
Name, Address, and EIN of the common parent of the 
federal consolidated group: 3.
If this is the first return, indicate whether:	
   New business
   Successor to previously existing business
Enter name, address and EIN of previous business; 4.
Name, address and EIN on the prior year’s return if
different from page 1. State the reason for the change (e.g. 
merger, name change, etc.)
EIN: EIN:EIN:
Name: Name:Name:
Address: Address:Address:
Reason:	
Page 2	
(Attach schedule if additional space is required)  
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Name 
FORMFORM

0405-611  Rev 01/13 - page 3	
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EIN
 	
Name	
Estimated Payments	Date	Amount	
First
Second
Third
Fourth
Tax Rate Table is contained in instructions	A	B	
1.	Alaska taxable income from Schedule A, line 3	1	
2.	Net capital gain (see instructions)	2	
3.	Ordinary income. Subtract line 2 from line 1. If less than zero, enter z\
ero	3	
4.	Tax on ordinary income. Use Tax Rate Table to compute tax on line 3	4	
5.	Tax on net capital gain. Multiply line 2 by 4.5%	5	
6.	Alaska income tax. Add lines 4-5	6	
7.	Enter the lesser of line 6, column A or B here and on Schedule A, line 4	7	
SCHEDULE D - ALASKA TAX COMPUTATION	
A	B	
1.	Alternative minimum tax from federal Form 4626	1	x18%	
2.	Apportionment factor, from Schedule I, line 5	2	
3.	Multiply line 1 by line 2	3	
4.	Alaska credit for prior year minimum tax (see instructions)	4	(                                   )	
5.	Other taxes (see instructions)	5	
6.	Add lines 3-5.  Enter here and on Schedule A, line 5	6	
SCHEDULE E - OTHER TAXES	
SCHEDULE F - CREDITS	Federal-based credits are now reported on Form 6390
SCHEDULE G - EDUCATION CREDIT	Income Tax Education credit is now reported on Form 6310	
Page 3	
Other Payments	Date	Amount	
With extension
Overpayment from prior year
Less: Quick Refund from Form 6230	(                                    )	
Total payments to Schedule A, line 11	$	
SCHEDULE C - TAX PAYMENT RECORD	
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0405-611  Rev 01/13 - page 4	
SCHEDULE H - COMPUTATION OF ALASKA INCOME	
1.Federal taxable income (loss) (see instructions) 1	
Combined Reporting	
2a.Add: Federal taxable income (loss) of corporations not included in lin\
e 1 2a
2b. Add: Foreign corporations with 20% or greater U.S. factors 2b
2c. Add: Income from tax haven corporations and any FSC profit 2c
2d. Remove:  Federal taxable (income) loss of non-unitary corporations 2d
2e. Remove:  Federal taxable (income) loss of corporations with U.S. facto\
rs of less than 20% 2e
2f. Intercompany eliminations (see instructions) 2f
2g. Total adjustments for combined reporting.  Add lines 2a-2f 2g
3. Net income before state modifications and adjustments.  Add lines 1 and 2g 3	
Additions	
4a.
Taxes based on or measured by net income 4a
4b. Expenses incurred to produce non-business income 4b
4c. Federal charitable contributions from federal Form 1120, line 19 4c
4d. Net Section 1231 losses from federal Form 4797, line 11 4d
4e. Other (attach schedule) 4e
4f. Total additions.  Add lines 4a-4e 4f
5. Total.  Add lines 3 and 4f 5	
Subtractions	
6a.
Interest from obligations of the United States 6a
6b. Intercompany dividends between members of the water’s edge group 6b
6c. Section 78 gross-up dividends 6c
6d. 80% of dividends received from foreign corporations 6d
6e. 80% of royalties accrued or received from foreign corporations 6e
6f. Non-business income (attach schedule) 6f
6g. Federal Form 1120, line 8 capital gain income 6g
6h. Non-recaptured Section 1231 losses from prior years from federal Form 47\
97, line 12 6h
6i. Other (attach schedule) 6i
6j. Total subtractions.  Add lines 6a-6i 6j
7. Apportionable income (loss).  Subtract line 6j from line 5 7
8. Apportionment factor from Schedule I, line 5 8
9. Income (loss) apportioned to Alaska.  Multiply line 7 by line 8 9
10. Non-business income (loss) net of expenses allocable to Alaska (attach schedule) 10	
Alaska Items
11a.Alaska capital and Section 1231 gain (loss) from Schedule J, line 20 11 a
11b. Alaska charitable contribution deduction from Schedule K, line 10 11 b	
()	
11c.	Alaska dividends-received deduction from Schedule L, line 9 11 c	()	
11d.	Total Alaska items (add lines 11a-11c) 11 d
12. Alaska taxable income (loss) before net operating loss.  Add lines 9, 10, and 11d.  Enter here and on 
Schedule A, line 1 12	
EIN
 	
Name	
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0405-611  Rev 01/13 - page 5	
Section 1231 Gains and Losses	A 
Combined  B 
AK factor C 
Alaska Gain or (loss)
1. Current Section 1231 gains and (losses). If a loss enter the 
result on line 19 1
2. Alaska net non-recaptured Section 1231 losses from prior years. Enter as\
 a positive number 2
3. If line 1C is a gain, subtract line 2 from line 1C, but not less than ze\
ro. Enter here and on line 15 3
4. If line 1C is a gain, enter the lesser of line 1C or line 2 here and on \
line 19, otherwise enter zero 4	
Short-Term Capital Gains and Losses -- STCG/(L)
5.Total current STCG/(L) 5
6. Non-business STCG/(L) 6
7. Apportionable STCG/(L). Subtract line 6 from line 5 7
8. Non-business STCG/(L) allocable to Alaska 8
9. Alaska unused capital loss carryover 9	
()	
10.	Net STCG/(L), add lines 7C, 8, and 910	
Long-term Capital Gains and Losses -- LTCG/(L)
11 .Total current LTCG/(L) 11
12. Non-business LTCG/(L) 12
13. Apportionable LTCG/(L). Subtract line 12 from line 11 13
14. Non-business LTCG/(L) allocable to Alaska 14
15. Enter amount from line 3 15
16. Net LTCG/(L). Add lines 13C, 14, and 15 16
Summary
17.Excess net short-term capital gain, line 10, over net long-term capital \
loss, line 16 17
18. Alaska net capital gain.  Excess net long-term capital gain, line 16, ov\
er net short-term capital loss, line 10.  
Enter here and on Schedule D, line 2 18
19. If line 1C is a loss, enter here, otherwise enter the amount from line 4\
 19
20. Add lines 17-19.  Enter here and on Schedule H, line 11a 20	
SCHEDULE J - ALASKA CAPITAL AND SECTION 1231 GAINS AND LOSSES	
A
Total Within Alaska B
Total Within & Without Alaska C
A divided by B
1. Property
1
2. Payroll
2
3. Sales
3
4. Add lines 1-3, column C
4
5. Apportionment factor.  Divide line 4 by 3 (if less than 3 factors are used, see instruction\
s)
5	
SCHEDULE I - APPORTIONMENT FACTOR	
EIN
 	
Name	
Page 5	
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0405-611  Rev 01/13 - page 6	
SCHEDULE L - ALASKA DIVIDENDS-RECEIVED DEDUCTION (DRD)	
1.Current charitable contributions 1
2. Education credit contributions from Form 6310, line 2 2
3. Subtract line 2 from line 1 3
4. Apportionment factor from Schedule I, line 5 4
5. Current Alaska charitable contributions.  Multiply line 3 by line 4 5
6. Alaska excess charitable contribution carryover from prior years.  Enter\
 as a positive number 6
7. Add lines 5-6 7
8. Enter the sum of Schedule H, lines 9, 10, and 11a, minus Schedule A, line 2, but not less than zero 8
9. Multiply line 8 by 10% 9
10. Alaska charitable contribution deduction. Enter the lesser of line 7 or \
line 9 here and on Schedule H, line 11b 10
11 . Alaska excess charitable contribution carryover. Subtract line 10 from line 7 11	
SCHEDULE K - CHARITABLE CONTRIBUTION DEDUCTION	
EIN
 	
Name	
Page 6	
1.Dividend income included in Schedule H, line 3 1	
Not Eligible
2a.Intercompany dividends from Schedule H, line 6b 2a
2b. Section 78 gross-up dividends from Schedule H, line 6c 2b
2c. 100% of dividends from foreign corporations. Divide Schedule H, line 6d \
by 80% 2c
2d. Dividends subtracted on Schedule H, line 6f as non-business income 2d
2e. Total dividends not eligible for DRD.  Add lines 2a-2d 2e
3. Total dividends eligible for DRD.  Subtract line 2e from line 1 3
4. Apportionment factor from Schedule I, line 5 4
5. Apportioned dividends. Multiply line 3 by line 4 5
6. Dividends allocable to Alaska included on Schedule H, line 10 6
7. Total dividends included in taxable income.  Add lines 5-6 7
A
Apportioned  Dividends B
Percentage C
DRD (A x B)
DRD
8a. Dividends qualifying for 100% deduction 8a100%
8b. Dividends qualifying for 80% deduction 8b80%
8c. Dividends qualifying for 70% deduction 8c70%
8d. Other, if applicable (enter % in column B) 8d
9. Tentative dividends-received deduction. Add lines 8a-8d, column C (see \
instructions) 9	
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