Alaska Oil and Gas Corporation Net Income Tax Return

                        For calendar year 2020 or the taxable year beginning __________, 2020, ending __________, 20____
Form 
     6100                                                                                                                           2020
EIN                                                 NAICS Code      Contact Person

Name                                                                Title

Mailing Address                         Check if new address        Contact Email Address

City                        State                   Zip Code        Contact Telephone Number                Contact Fax Number

Return Information (check applicable boxes)
    Final Alaska return                                      Federal extension is in effect                 Exempt organization with UBTI
    Consolidated Alaska return                               Carryback is waived for net operating loss     S Corporation (attach Form 1120S)
    Amended return                                           Public Law 86-272 applies                      Personal Holding Company
If amended return box above is checked, then check the following boxes, if applicable: 
    Amended return to report IRS audit or Form 1120X                              This is a protective claim

                                                    SCHEDULE A – NET INCOME TAX SUMMARY
1.Alaska income (loss) from Schedule G, line 11           .  . .  . .    . . . .       .    . . . .     . . . . 1
2.Alaska net operating loss utilized:  carryover (_______________) carryback (_______________).  Total  .     . 2 (                                   )
3.Alaska taxable income. Add lines 1–2 .            .   . .  . .  . .    . . . .       .    . . . .     . . . . 3
4.Alaska income tax from Schedule D, line 2             . .  . .  . .    . . . .       .    . . . .     . . . . 4
5.Other taxes from Schedule E, line 7             . .   . .  . .  . .    . . . .       .    . . . .     . . . . 5
6.Total tax.  Add lines 4–5 .                 . . . .   . .  . .  . .    . . . .       .    . . . .     . . . . 6
7.Alaska incentive credits applied against tax from Form 6300, line 49     . . .       .    . . . .     . . . . 7
8.Federal-based credits from Form 6390, line 33           .  . .  . .    . . . .       .    . . . .     . . . . 8
9.Net Alaska income tax.  Subtract the sum of lines 7–8 from line 6.  If more than $500, attach Form 6220 .   . 9
10.Payments from Page 3, Schedule C               . .   . .  . .  . .    . . . .       .    . . . .     . . . . 10
11. Alaska credit for prior year minimum tax (see instructions)   . .    . . . .       .    . . . .     . . . . 11
12.Alaska incentive credits claimed as refund from Form 6300, line 38      . . .       .    . . . .     . . . . 12
13.Tax due (overpaid). Subtract the sum of lines 10–12 from line 9       . . . .       .    . . . .     . . . . 13
14.Penalty for underpayment of estimated tax (see instructions)     .    . . . .       .    . . . .     . . . . 14
15.Total amount due (overpaid). Add lines 13–14.  If greater than zero, STOP   .       .    . . . .     . . . . 15
16.Overpayment credited to 2021 estimated tax (enter as positive number)     . .       .    . . . .     . . . . 16
17.Refund.  Add lines 15–16 .                 . . . .   . .  . .  . .    . . . .       .    . . . .     . . . . 17

I declare, under penalty of perjury, that I have examined this return, including accompanying schedules and     Check if the DOR may discuss this return 
statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of       with the preparer (see instructions)  
preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Officer’s Signature                                       Date               Title

Preparer’s Signature                                      Date               Preparer Firm’s Name                 Preparer’s SSN or PTIN

Preparer Firm’s Address                                                      EIN                                  Phone

City                                              State   Zip Code

                                                                                                                  0405-6100  Rev 01/01/21 - page 1

Form                                                                                                               2020
     6100

EIN                                    Name                                                                                                       Page 2
 
                                       SCHEDULE B – ALASKA TAXPAYER INFORMATION

1. ALASKA CONSOLIDATED RETURNS ONLY:  LIST ALL CORPORATIONS, OTHER THAN THE TAXPAYER SHOWN ON PAGE 1, WITH NEXUS 
IN ALASKA INCLUDED IN THIS RETURN.  FAILURE TO PROPERLY COMPLETE MAY RESULT IN PENALTIES.
                                       A                                                           B         C                                    D
        Name of each corporation with nexus in Alaska                                            P.L.86-272  EIN                       NAICS Code
                                                                                                   applies

Name
Address
City                                               State            Zip Code
Factor numerators to be reported:           property                     extraction                     sales
Name
Address
City                                               State            Zip Code
Factor numerators to be reported:           property                     extraction                     sales
Name
Address
City                                               State            Zip Code
Factor numerators to be reported:           property                     extraction                     sales
Name
Address
City                                               State            Zip Code
Factor numerators to be reported:           property                     extraction                     sales
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.
EIN                                    Name

Address                                                                     City                             State Zip Code

3.  If this is the first return, indicate if:        Successor to previously existing business (Enter name, address, and EIN of previous business)

EIN                                    Name

Address                                                                     City                             State Zip Code

4.  Name 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                                    Name

Reason

                                                                                                             0405-6100  Rev 01/01/21 - page 2

Form                                                                                                                     2020
    6100
EIN                                  Name
                                                                                                                               Page 3
 
                                               SCHEDULE C – TAX PAYMENT RECORD

Estimated Payments              Date               Amount                 Summary                            Date        Amount
First                                                               Payment  with extension
Second                                                              Total estimated tax payments
Third                                                               Overpayment from prior year

Fourth                                                              Less: Quick Refund from Form 6230                    (                                    )
Total estimated tax payments                                        Amended return only:
                                                                            Tax paid with original return and
                                                                            additional tax paid
                                                                            Less: Overpayment previously credited to    
                                                                      2021                                               (                                    )
                                                                            Less: Refund from original return and
                                                                            additional refunds                           (                                    )
                                                                    Total net payments to Schedule A, line 10

                                             SCHEDULE D – ALASKA TAX COMPUTATION

Tax Rate Table is contained in instructions
1. Alaska taxable income from Schedule A, line 3   . .  . .     . . . . .  .        . . .      . . . .       .   . .    1
2. Tax.  Use Tax Rate Table to compute tax.  Enter here and on Schedule A, line 4 . . . .      . . . .       .   . .    2

                                                   SCHEDULE E – OTHER TAXES

 1. Base Erosion and Anti-Abuse Tax (BEAT) from federal Form 8991   . . .  .        . . .      . . . .       .   . .    1
 2. Apportionment factor, from Schedule I, line 14 . .  . .     . . . . .  .        . . .      . . . .       .   . .    2
 3. Multiply line 1 by line 2 . . .  .     . . .   . .  . .     . . . . .  .        . . .      . . . .       .   . .    3
 4. Personal Holding Company tax (see instructions)  .  . .     . . . . .  .        . . .      . . . .       .   . .    4
 5. Tax on early cessation of operations – LNG storage facility . . . . .  .        . . .      . . . .       .   . .    5
 6. Other taxes (see instructions) . .     . . .   . .  . .     . . . . .  .        . . .      . . . .       .   . .    6
 7. Add lines 3–6. Enter here and on Schedule A, line 5 . .     . . . . .  .        . . .      . . . .       .   . .    7

                                                                                                                 0405-6100  Rev 01/01/21 - page 3

Form                                                                                                                                                                         2020
                                     6100
                                                                                                                                                                             Page 4
EIN                                                                    Name
 
                                                                       SCHEDULE G – COMPUTATION OF ALASKA INCOME

                                     1. Federal taxable income (loss) (see instructions)    .         .       . .   .      .  .  .   .     . .      .     . .   .   . . . 1

                                     2a. Add:  Federal taxable income (loss) of domestic corporations not included in line 1                 .      .     . .   .   . 2a
                                     2b. Add:  Foreign corporations    .   .  .     .   . . .         .       . .   .      .  .  .   .     . .      .     . .   .   . 2b
                                     2c. Federal taxable (income) loss of non-unitary corporations              .   .      .  .  .   .     . .      .     . .   .   . 2c
                                     2d. Intercompany eliminations (see instructions)     . .         .       . .   .      .  .  .   .     . .      .     . .   .   . 2d
                  Combined Reporting 2e. Total adjustments for combined reporting.  Add lines 2a–2d             .   .      .  .  .   .     . .      .     . .   .   . . . 2e

                                     3a. Taxes based on or measured by net income         . .         .       . .   .      .  .  .   .     . .      .     . .   .   . 3a
                                     3b. Federal charitable contributions from federal Form 1120, line 19 .                .  .  .   .     . .      .     . .   .   . 3b
                                     3c. Net Section 1231 losses from federal Form 4797, line 11 .              .   .      .  .  .   .     . .      .     . .   .   .   3c
                                     3d. Intangible drilling and development costs expensed for federal purposes                 .   .     . .      .     . .   .   . 3d
                                     3e. Percentage depletion deducted for federal purposes           .       . .   .      .  .  .   .     . .      .     . .   .   . 3e
                                     3f. Federal depreciation .   .    .   .  .     .   . . .         .       . .   .      .  .  .   .     . .      .     . .   .   .   3f
         Additions
                                     3g. Expenses incurred to produce non-business income             .       . .   .      .  .  .   .     . .      .     . .   .   . 3g
                                     3h. Oil and gas service industry. expenditures.  Enter amount from Form 6327, line 2                  . .      .     . .   .   . 3h
                                     3i. Other (attach schedule)  .    .   .  .     .   . . .         .       . .   .      .  .  .   .     . .      .     . .   .   .   3i
                                     3j. Total additions.  Add lines 3a–3i .  .     .   . . .         .       . .   .      .  .  .   .     . .      .     . .   .   . . . 3j

                                     4. Total.  Add lines 1, 2e and 3j .   .  .     .   . . .         .       . .   .      .  .  .   .     . .      .     . .   .   . . . 4

                                     5a. Intangible drilling costs allowable  .     .   . . .         .       . .   .      .  .  .   .     . .      .     . .   .   . 5a
                                     5b. Cost depletion.   .  .   .    .   .  .     .   . . .         .       . .   .      .  .  .   .     . .      .     . .   .   . 5b
                                     5c. Depreciation allowable   .    .   .  .     .   . . .         .       . .   .      .  .  .   .     . .      .     . .   .   . 5c
                                     5d. Interest from obligations of the U.S. government   .         .       . .   .      .  .  .   .     . .      .     . .   .   . 5d
                                     5e. Intercompany dividends   .    .   .  .     .   . . .         .       . .   .      .  .  .   .     . .      .     . .   .   . 5e
                                     5f. Section 78 gross-up dividends     .  .     .   . . .         .       . .   .      .  .  .   .     . .      .     . .   .   .   5f
 Subtractions                        5g. Federal Form 1120, line 8 capital gain income .    .         .       . .   .      .  .  .   .     . .      .     . .   .   . 5g
                                     5h. Non-recaptured Section 1231 losses from prior years from federal Form 4797, line 12                        .     . .   .   . 5h
                                     5i. Non-business income (attach schedule)          . . .         .       . .   .      .  .  .   .     . .      .     . .   .   .   5i
                                     5j. Other (attach schedule)  .    .   .  .     .   . . .         .       . .   .      .  .  .   .     . .      .     . .   .   .   5j
                                     5k. Total subtractions.  Add lines 5a–5j .     .   . . .         .       . .   .      .  .  .   .     . .      .     . .   .   . . . 5k

                                     6. Apportionable business income (loss).  Subtract line 5k from line 4                .  .  .   .     . .      .     . .   .   . . . 6
                                     7. Apportionment factor from Schedule I, line 14 .     .         .       . .   .      .  .  .   .     . .      .     . .   .   . . . 7
                                     8.   Income (loss) apportioned to Alaska.  Multiply line 6 by line 7.          .      .  .  .   .     . .      .     . .   .   . . . 8
                                     9. Non-business income (loss) net of expenses allocable to Alaska (attach schedule)                     .      .     . .   .   . . . 9

                                     10a. Alaska capital and Section 1231 gain (loss) from Schedule J, line 20                .  .   .     . .      .     . .   .   . 10a
                                     10b. Alaska charitable contribution deduction from Schedule K, line 10d, column C .                   . .      .     . .   .   . 10b (                                 )
                                     10c. Alaska dividends-received deduction (see instructions)              . .   .      .  .  .   .     . .      .     . .   .   . 10c (                                 )
 Alaska Items                        10d. Total Alaska items.  Add lines 10a–10c .      . . .         .       . .   .      .  .  .   .     . .      .     . .   .   . . . 10d

                                     11. Alaska taxable income. . (loss). .before. .net.operating. . .loss. . Add. .lines. 8,.9,.and.10d.. Enter. . here. and. .on. . . . 11
                                         Schedule A, line 1

                                                                                                                                                                      0405-6100  Rev 01/01/21 - page 4

Form                                                                                                                       2020
                6100
                                                                                                                           Page 5
EIN                                            Name
 
                                                   SCHEDULE I – APPORTIONMENT FACTOR
                Check all boxes that apply
                          Taxpayer produces oil or gas in Alaska            Attorney General’s opinion dated 10/20/99
                          Taxpayer transports oil or gas in Alaska          applies (factor relief for certain taxpayers)
                1. Property within Alaska
                                          A                               B                                              C
                                      EIN                                 Name                     Property within Alaska
                          1a
                          1b
                          1c
                          1d
        Property
                          1e

                2. Total of line 1 column C.   . . .       .  . .  .  . . .        . . . . . . . 2
                3. Property everywhere      .  . . .       .  . .  .  . . .        . . . . . . . 3
                4. Property factor. Divide line 2 by line 3.  . .  .  . . .        . . . . . . . 4
                    Oil and Gas Transportation Companies only, skip lines 5–8. Go to line 9.
                5. Extraction within Alaska
                                            A                             B                                              C
                                      EIN                                 Name                     Extraction within Alaska
                          5a
                          5b
                          5c
                          5d
 Extraction               5e

                6. Total of line 5 column C.   . . . .        . .  .  . . .        . . . . . . . 6
                7. Extraction everywhere    .  . . . .        . .  .  . . .        . . . . . . . 7
                8. Extraction factor. Divide line 6 by line 7 . .  .  . . .        . . . . . . . 8
                    Oil and Gas Producing Companies only, skip lines 9–12. Go to line 13
                9. Sales within Alaska
                                            A                             B                                              C
                                      EIN                                 Name                     Sales within Alaska
                          9a
                          9b
                          9c
 Sales                    9d
                          9e

                10. Total of line 9 column. C. . . . .        . .  .  . . .        . . . . . . . 10
                11. Sales everywhere  .     .  . . . .        . .  .  . . .        . . . . . . . 11
                12. Sales factor. Divide line 10 by line 11 . . .  .  . . .        . . . . . . . 12

                13. Add lines 4, 8, and 12  .  . . .       .  . .  .  . . .        . . . . . . . 13
                14. Apportionment factor. Divide line 13 by 3, or 2, as applicable . . . . . . . 14

                                                                                                                         0405-6100  Rev 01/01/21 - page 5

Form                                                                                                                           2020
    6100
EIN                                     Name                                                                                        Page 6
 
                    SCHEDULE J – ALASKA CAPITAL AND SECTION 1231 GAINS AND LOSSES

                                                                                                     A             B           C
 Section 1231 Gains and Losses                                                                   Combined        AK Factor   Alaska Gain or (Loss)
     1. Current Section. .1231. .gains. and. .(losses).. . If.a loss,. .enter. here. .and. . 1
        on line 19
     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 zero.  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 capital loss carryover utilized (_______________) carryback utilized (_______________).  Total      . . .   9 (      )
 10. Net STCG/(L), add lines 7C, 8, and 9           .      .    .   .     .    .   .    .  . . . . . . .   . . . . . . .   10
 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. Excess net long-term capital gain, line 16, over net short-term capital loss, line 10           . .   . . . . . . .   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 G, line 10a                      .    .  . . . . . . .   . . . . . . .   20

                                     SCHEDULE K – CHARITABLE CONTRIBUTION DEDUCTION

                                                                                                   A               B           C
                                                                                                 10% Limit       25% Limit     Total
 1. Current charitable contributions .        .   .   .       .   .     .   .    .    .    1
 2. Education credit contributions.  See instructions             .     .   .    .    .    2
 3. Subtract line 2 from line 1      .    .   .   .   .       .   .     .   .    .    .    3
 4. Apportionment factor from Schedule I, line 14 .               .     .   .    .    .    4
 5. Current Alaska charitable contributions.  Multiply line 3 by line 4                    5
 6. Alaska charitable contribution carryover from Form 6385, line 18                       6
 7. Add lines 5 - 6       . .    .   .    .   .   .   .       .   .     .   .    .    .    7
 8. Taxable Income for deduction limitation purposes (see instruc-                         8
     tions) .   . .       . .    .   .    .   .   .   .       .   .     .   .    .    .
 9. Multiply line 8, column A by 10% and column B by 25%                    .    .    .    9
10a. Lesser of line 7, column A  or line 9 column A. Send to 10d                 .    . 10a
10b. Subtract line 10a, column A  from line 9, column B                 .   .    .    . 10b
10c. Lesser of line 7, column B  or line 10b. Send to 10d               .   .    .    .   10c
10d. Alaska Charitable Contribution Deduction is the sum of line 10d,  10d
     columns A and B.  Enter on column C and Schedule G, line 10b
                                                                                                                     0405-6100  Rev 01/01/21 - page 6

Form                                                                                                                                 2020
                        6100
EIN                         Name                                                                                                      Page 7
 
                            SCHEDULE L – ALASKA DIVIDENDS-RECEIVED DEDUCTION (DRD)

                        1. Dividend income included in combined income.       . .    . .     . . . . . . .        . . . . . .  .   1

                        2a. Intercompany dividends from Schedule G, line 5e   . .    . .     . . . . . . .        . . . . . .  2a
                        2b. Section 78 gross-up dividends from Schedule G, line 5f   . .     . . . . . . .        . . . . . .  2b
                        2c. Dividends subtracted on Schedule G, line 5i as non-business income   . . . . .        . . . . . .  2c
            Not Eligible
                        2d. Total dividends not eligible for DRD.  Add lines 2a–2c . . .     . . . . . . .        . . . . . .  .   2d

                        3. Total dividends eligible for DRD.  Subtract line 2d from line 1 . . . . . . . .        . . . . . .  .   3
                        4. Apportionment factor from Schedule I, line 14 .    . .    . .     . . . . . . .        . . . . . .  .   4
                        5. Apportioned dividends.  Multiply line 3 by line 4. . .    . .     . . . . . . .        . . . . . .  .   5
                        6. Dividends allocable to Alaska included on Schedule G, line 9.     . . . . . . .        . . . . . .  .   6
                        7. Total dividends included in taxable income.  Add lines 5–6  .     . . . . . . .        . . . . . .  .   7

                                                                                                       A                    B        C
                                                                                                   Apportioned          Percentage   DRD (A times B)
                                                                                                   Dividends
                        8a. Dividends qualifying for 100% deduction    . .    . .    . .     8a                           100%
                        8b. Dividends qualifying for 65% deduction .   . .    . .    . .     8b                           65%
                        8c. Dividends qualifying for 50% deduction .   . .    . .    . .     8c                           50%
            DRD         8d. Dividends qualifying for 26.7% deduction   . .    . .    . .     8d                           26.7%
                        8e. Dividends qualifying for 23.3% deduction   . .    . .    . .     8e                           23.3%
                        8f. Other, if applicable.  Enter % in column B . .    . .    . .     8f

                        9. Tentative dividends-received deduction. Add lines 8a–8f, column C (see instructions) . . . . . . .  .   9

                                                                                                                              0405-6100  Rev 01/01/21 - page 7