PDF document

- 1 -

Instructions For Form 6100 and

Form 6150 (Filed Under 15 AAC 20.421(c))

2023 Alaska Oil and Gas Corporation

Net Income Tax Return

Tax Rate Table ......................................................................... 2 Schedule K – Alaska Charitable Contribution Deduction ....... 12
What’s New ............................................................................. 2 Schedule L – Alaska Dividends-Received Deduction (DRD) .. 12
If You Need Help ...................................................................... 2
Avoid Common Mistakes ......................................................... 2 FORM 6150
UNITARY BUSINESS NOT PREDOMINANTLY A
GENERAL INSTRUCTIONS PETROLEUM BUSINESS

Who Must File .......................................................................... 3 Taxpayer Identification ........................................................... 12
Which Form to Use .................................................................. 3 Schedule B – Alaska Taxpayer Information ........................... 12
Sub-Chapter S Corporation (S Corporation) ........................... 3 Schedule F – Petroleum and Other Unitary
Partnership .............................................................................. 3 Business Taxable Income ...................................................... 13
Limited Liability Company (LLC) .............................................. 4 Schedules G and H – Petroleum and Other Business
Exempt Organization ................................................................ 4 Income ................................................................................... 13
Return Due Dates .................................................................... 4 Schedule I – 1 Petroleum Business and Schedule I – 2
Extension of Time to File ......................................................... 4 Other Business ...................................................................... 14
Payment Due Dates ................................................................. 4 Alaska Items – Schedules J, K & L ........................................ 14
Where to Send Return ............................................................. 4
Who Must Sign ......................................................................... 4 APPENDICES
Paid Preparer Authorization ..................................................... 4 Form 6100
Estimated Tax Payments ......................................................... 5 Appendix A – Worksheet for Charitable Contribution
Quick Refund ........................................................................... 5 Deduction ............................................................................... 15
Filing a Consolidated Return ................................................... 5 Appendix B – Worksheet for Dividends-Received
Adoption of the Internal Revenue Code (IRC) ......................... 5 Deduction (DRD) .................................................................... 16
Attachment of Federal Return ................................................. 5
Combined Report .................................................................... 6 Form 6150
Unitary Group or Unitary Business .......................................... 6 Appendix A – Worksheet for Charitable Contribution
Allocation and Apportionment of Income ................................. 6 Deduction ............................................................................... 17
Combined Affiliates Having Different Accounting Periods ....... 6 Appendix B – Worksheet for Dividends-Received
Real Estate Investment Trusts (REITs) .................................... 6 Deduction (DRD) .................................................................... 18
Public Law (P.L.) 86-272 .......................................................... 6
Insurance Companies .............................................................. 6
Payment of Tax ........................................................................ 7
Alaska Interest Rates .............................................................. 7
Amended Returns .................................................................... 7
Adjustments to Federal Income Tax Liability ........................... 7 HELPFUL TIP: Many tax return errors can be avoided by
Protective Claim ...................................................................... 7 filing your corporate tax return using Revenue Online at:
Late Filing of Return ................................................................ 7
Late Payment of Tax ................................................................ 7 https://online-tax.alaska.gov
Voluntary Disclosure Program ................................................. 8
Disclaimers .............................................................................. 8 You can also use Revenue Online to make payments!

SPECIFIC INSTRUCTIONS

Taxpayer Identification ............................................................. 8
Contact Person ........................................................................ 8
Return Information ................................................................... 8
Schedule A – Alaska Net Income Tax Summary ...................... 8
Schedule B – Taxpayer Information ......................................... 9
Schedule C – Tax Payment Record ......................................... 9
Schedule D – Alaska Tax Computation ................................... 9
Schedule E – Other Taxes ....................................................... 9
Schedule G – Computation of Alaska Income ......................... 9
Schedule I – Apportionment Factor ....................................... 10
Schedule J – Alaska Capital and Section 1231 Gains and
Losses ....................................................................................11
0405-6100i Rev 01/01/24 - page 1

- 2 -

TAX RATE TABLE Note: The DOR will not grant a waiver if a corporation is subject to
(tax years beginning on or after 8/26/13) such federal electronic filing requirements. The DOR will not grant
(1) (2) (3) (4) (5) a waiver for use of tax software that does not support electronic
At Least But Less Your Tax is Plus Of The filing of Alaska returns.
Than Amount Over
-0- 25,000 -0- -0- -0- There are two ways to file an Alaska corporate income tax return:

25,000 49,000 -0- 2% 25,000 • MeF Modernized E-File allows you to file your state return in
49,000 74,000 480 3% 49,000 conjunction with your federal tax return processing. This method
74,000 99,000 1230 4% 74,000 requires the use of approved tax preparation software.
99,000 124,000 2230 5% 99,000
• Revenue Online is the state portal for electronic filing. ROL
124,000 148,000 3480 6% 124,000 provides for Standard Filing as well as Expedited Filing.
148,000 173,000 4920 7% 148,000
173,000 198,000 6670 8% 173,000 To use Expedited Filing, you must log on to your Revenue Online
198,000 222,000 8670 9% 198,000 account and answer a short list of questions. If the corporation
does not qualify for Expedited Filing, Revenue Online will lead you
222,000 or more 10830 9.4% 222,000 through a complete Form 6100 Alaska Oil and Gas Corporation Net
Income Tax Return.
WHAT’S NEW
If You Need Help
Alternative Minimum Tax (AMT). The Inflation Reduction Act
reintroduced a corporate AMT tax for tax years beginning after If you have questions, need additional information or require other
12/31/2022. Corporations must determine whether they are assistance, please call:
subject to the new AMT and calculate AMT if applicable. See the
instructions for Schedule E, line 1a. Juneau: 907-465-2320
Anchorage: 907-269-6620
Appendix A: The department updated line 5 of the Worksheet for
Charitable Contribution Deduction from available net operating loss Current tax forms and instructions are available online at:
carryforward to utilized net operating loss carryforward. This will www.tax.alaska.gov.
also change the calculation of Schedule K, line 8.
Avoid Common Mistakes
Appendix B: Dividends-Received Deduction Worksheet. The
DOR updated lines 1 through 3 of the worksheets. To facilitate the processing of the return, be sure to do the
following:
Relief from additions to tax for underpayments. Corporations
may exclude AMT tax liability when calculating the required 1) MeF Filers. If you are filing a return using Modernized E-File,
quarterly estimated tax payment on Form 6220 for the tax year that avoid common errors:
begins after 12/31/2022 and for the tax year that begins prior to
01/01/2024. See Form 6220 instructions, line 1. • If the corporation is claiming any carryover items (net
operating losses, capital losses, etc.), make sure your
Form 6390 and 6395. The DOR updated Alaska Forms 6390 and tax software supports Form 6385. Failure to fill out and
6395 to support the redesign of federal Form 3800 and to report transmit Form 6385 may result in denial of associated tax
AMT. attributes.

Electronic Filing Requirement • If the corporation is claiming any federal credits or state
incentive credits, make sure your tax software supports
Effective July 1, 2016, a taxpayer is required to electronically file the relevant forms (such as Forms 6310, 6327, 6390,
any return or report, unless a waiver is granted by the Department 6395). Failure to fill out and transmit required forms may
of Revenue (DOR). Amended returns for tax periods ending after result in denial of associated credits.
July 1, 2016 are required to be electronically filed and fall under
the definition of a “return”. Failure to file electronically may result • Make sure that Schedule I shows factor numerators, by
in a penalty. The penalty is (the greater of) $25 or 1% of the total corporation, net of eliminations. Do not list an “elimination
tax due before application of payments. (See AS 43.05.045 and AS company.”
43.05.220(f).)
• Remember to attach a pdf to your submission for the
A taxpayer may apply for a waiver if the taxpayer does not have the following:
capability to file electronically. A waiver may be requested by filing o Form 7004 to support your extension.
Form 773 Electronic Filing Waiver Application, at least 30 days o Required statement for other additions/subtractions.
before the due date of the tax return. It is not necessary to request o Required statement for any nonbusiness items.
a waiver for any tax return for which the DOR does not provide
an electronic filing methodology, such as Form 6230 Application 2) Form 6100 is for use by taxpayers whose unitary business is
for Quick Refund of Overpayment of Estimated Tax, or Form 6750 “predominantly petroleum,” as defined in Alaska Regulation
Application for Voluntary Disclosure. Effective February 10, 2018, 15 AAC 20.421(a). If the taxpayer’s unitary business is not
the DOR requires Form 6900 Partnership Information Return to be “predominantly petroleum,” but subject to AS 43.20.144, use
filed electronically. Form 6150.
0405-6100i Rev 01/01/24 - page 2

- 3 -

3) The worldwide combined reporting method is mandatory in Nexus-creating activities may include, but are not limited to:
Alaska for all oil and gas corporations. A separate-company
Alaska return is not permitted. Do not file using a water’s edge 1) owning or using property in the state, including leased or mobile
combined reporting method. (See page 6 “Combined Report” property;
and page 6 “Unitary Group or Unitary Business.”)
2) presence of employees in the state for business purposes,
4) If this taxpayer and one or more other Alaska taxpayers including telework;
are included in a consolidated federal return, these same
taxpayers must file a consolidated Alaska return, if they are 3) making sales into the state; or
part of the same unitary group.
4) the generation of income from sources within the state without
5) File with the correct taxpayer name. If the Alaska taxpayer is regard to whether there is a physical presence in the state.
a member of a federal consolidated group, then the name on
the Alaska return will often be different than the name on the Which Form to Use
federal return. See specific instructions on page 8 regarding
taxpayer identification. Unless the corporation changed its Form 6100 (or the associated Form 6150) is required for any
name, enter the name as it appeared in the prior return. If the taxpayer engaged in the production of oil or gas from a lease or
name on this return is different from the name reported on the property in the state, or which owns an interest in a regulated
prior return, then complete question 4 of Schedule B. pipeline in the state. Taxpayers that are not engaged in these
activities in the state during the tax year are subject to water’s edge
6) Provide the name, email address, and phone number of combined reporting, and are required to file Form 6000 Alaska
a contact person who can answer any question that the DOR Corporation Net Income Tax Return.
may have regarding the tax return. This must be an officer or
employee who is authorized to answer any such questions. Form 6100 is used by taxpayers whose unitary business is
Generally, the DOR cannot discuss taxpayer information with “predominantly petroleum,” as defined in Alaska Regulation
an outside party unless there is a Power of Attorney. See “Paid 15 AAC20.421(a). If the taxpayer’s unitary business is not
Preparer Authorization” on page 4. “predominantly petroleum,” use Form 6150.

7) If this is a consolidated Alaska return, then you must complete Sub-Chapter S Corporation (S Corporation)
Schedule B, listing all members of the Alaska consolidated
group, except the taxpayer listed on page 1. Do not list all An S Corporation doing business in Alaska is required to file
members of the federal consolidated group, unless all of an Alaska return, but Alaska does not impose a tax on the S
those corporations have nexus in Alaska. The requirement for
Schedule B is not fulfilled by attaching federal Form 851 data. Corporation for pass-through items of income. Generally, an S
Corporation will satisfy its filing requirement by filing Form 6100
8) Attach a schedule as required by the forms. Schedules (page 1 only) checking the “S Corporation” box on page 1. Do
providing detail, by company, are required as explained in the not report amounts on Schedule A (or any other pages), unless a
instructions. Attaching complete schedules will ensure a valid corporate-level tax is applicable. Attach a copy of pages 1 through
filing and prevent unnecessary correspondence with the DOR. 5 of the federal Form 1120S.
Be sure that attached schedules are properly referenced and
agree to the totals reported on the form. Alaska imposes both the federal excess net passive income tax
and the corporate-level tax on built-in gains. These taxes are
9) Attach a copy of the signed federal income tax return of the calculated at the highest Alaska marginal tax rate of 9.4%. If
taxpayer as filed with the Internal Revenue Service (IRS). Do corporate-level taxes are imposed, attach copies of the schedules
not attach a pro-forma return. Send only the portions of the and forms calculating the federal tax and the Alaska tax. Enter the
federal return specified in the instructions on page 5 if the corporate-level taxes on Form 6100, Schedule E, line 6, or Form
federal return exceeds 50 pages. 6150, Schedule E, line 7, as appropriate.

10) The numerator values on Schedule I lines 1, 5, and 9 must Partnership
be listed for each nexus corporation net of any intercompany
eliminations. Do not list a separate elimination company. A partnership doing business in the state, having one or more
corporations in the ownership chain, must file Form 6900 Alaska
GENERAL INSTRUCTIONS Partnership Information Return along with supporting schedules
and a copy of the signed federal Form 1065, pages 1–5.
Who Must File
The partnership return is due 30 days after the federal due date of
Every corporation engaged in either oil and gas production or the Form 1065. See separate instructions for Form 6900.
transportation of oil or gas via regulated pipeline in the state must
file an Alaska Oil and Gas Corporation Net Income Tax Return. Note that partnership income and factors are attributed to, and
combined with, the income and factors of the corporate partner.
Nexus, sometimes referred to as “doing business” within the state, Please see Alaska Regulation 15 AAC 20.320 for further information.
is the act of conducting business activity within the state and may
exist as a result of a corporation’s direct activity, the activity of its Caution: A Publicly Traded Partnership (PTP) is generally taxed
employees or agents, or through its interest in a partnership or as a corporation, and so must file an Alaska corporate income tax
limited liability company. return. A PTP does not file Form 6900, unless it files as a partnership
for federal tax purposes.
0405-6100i Rev 01/01/24 - page 3

- 4 -

Limited Liability Company (LLC)                                         Payment Due Dates

An LLC doing business in the state must file an Alaska tax return       As with filing due dates, the payment due dates depend on whether 
consistent with its federal tax status. If the LLC is characterized     the taxpayer  is a C Corporation, an S Corporation,  or a special 
as a corporation for federal income tax purposes, the LLC must          entity such as an Exempt Organization or Cooperative. There are 
file a tax return in accordance with the instructions applicable to     also special rules for tax years that end in June.
corporations. An LLC with corporate member(s) characterized as 
a partnership for  federal income tax  purposes, must  follow the       Payment due dates (months after the end of the tax year) are as
instructions applicable to partnerships, above.                         follows:

Exempt Organization                                                     •   C Corporations, generally:
                                                                         o 15th of the fourth month
Generally,  an exempt organization  is subject to the  Alaska 
Corporation Net Income Tax  to the same extent it is subject to         •   C Corporations, tax year ending in June, 20x1:
tax under the IRC. If the organization files federal Form 990-T to       o September 15, 20x1
report Unrelated Business Taxable Income (UBTI)  with the  IRS,          
the organization  must  complete the Alaska corporation   income        •   S Corporations (all tax year-ends):
tax return reporting  the taxable  income  or  loss   and   calculate    o 15th of the third month
any applicable Alaska tax. Attach a signed  copy of Form 990-T. 
An exempt organization does not file an Alaska return, if it is not     •   Exempt Organizations (all tax year-ends):
required to file Form 990-T.                                             o 15th day of the fifth month

Return Due Dates                                                        •   Cooperatives (all tax year-ends):
                                                                         o 15th day of the ninth month
The Alaska return must be filed within 30 days of the date on which 
the corporation’s federal income tax return is required to be filed.    See  instructions  for  “Estimated  Tax  Payments”  on  page  5,  and 
Thus, the due date is not necessarily the 15th day of the month         “Payment of Tax” on page 7.   
following the federal due date.
                                                                        Where to Send Return
Alert: Federal law assigns the due date on whether the taxpayer 
is a C Corporation, an S Corporation, or a special entity such as       Mail the return with attachments to:
an Exempt Organization  or Cooperative.  There are also special 
rules for tax years that end in June. In addition, the time period      TAX DIVISION
for (federal) extensions of time to file has also changed, for some     ALASKA DEPARTMENT OF REVENUE 
returns. (See Extension of Time to File below.)                         PO BOX 110420
                                                                        JUNEAU AK 99811-0420
The  due  dates  for  filing  Alaska  corporate  income  tax  returns 
(months after the end of the tax year) are as follows:                  Note: filing a paper return may result in assessment of penalties for 
                                                                        failure to file electronically. See electronic filing requirement above.
•  C Corporations, generally
      Filing due date: 15th of the fifth month                          Who Must Sign
      Extended due date: 15th of the eleventh month
                                                                        The return must be signed by an authorized officer of the
•   C Corporations, tax year ending in June, 20x1                       corporation.
      Filing due date: October 15, 20x1 
      Extended due date: May 15, 20x2                                   Paid Preparer Authorization

•   Corporations (all tax years)                                        If the corporation wants to allow the DOR to discuss its tax return 
      Filing due date: 15th day of the fourth month                     with the paid preparer who signed it, check the applicable box in 
      Extended due date: 15th day of the tenth month                    the signature area of the return. This authorization applies only to
                                                                        the preparer whose signature appears at the bottom of the return.
•   Exempt Organizations (all tax years)                                It does not apply to the firm.
      Filing due date: 15th day of the sixth month 
      Extended due date: 15th day of the twelfth month                  If  the applicable  box is checked,  the  corporation is authorizing   
                                                                        the DOR to call the paid  preparer  to answer  any questions  that 
Extension of Time to File                                               arise during the processing of the return. The corporation is also 
                                                                        authorizing the paid preparer to:
A  federal  extension  automatically  extends  the  Alaska  filing  due 
date to 30 days after the federal extended due date. This is also       1)    Call the DOR for information about the processing of the return 
true if the IRS extends a due date because of an event such as a         or the status of any related refund or payment(s), and
natural disaster. You must check the applicable box on Form 6100 
or Form 6150, page 1 to report that a federal extension is in effect.   2)    Respond to certain DOR notices about math errors, offsets,
An extension of time to file is not an extension of time to pay.               and return preparation.

                                                                                                             0405-6100i  Rev 01/01/24 - page 4

- 5 -

The  corporation  is  not  authorizing the  paid preparer to  receive       AS 43.20.300 require the DOR to apply, as far as practicable, the 
any refund check, bind the corporation to anything (including any           administrative and judicial interpretations of the federal income tax 
additional  tax liability), or otherwise  represent  the corporation        law.
before the DOR.
                                                                            Note that Alaska law does not adopt IRC Sections 1400–1400U, 
If the corporation wants to revoke the authorization, it must file a        which grant tax benefits for activities in certain geographic zones, 
Form 774 Power of Attorney.                                                 including those in “Enterprise Zones” and “Gulf Opportunity Zones.” 
                                                                            If the taxpayer qualifies for special federal treatment under these 
Estimated Tax Payments                                                      code sections, this may require that the taxpayer to recompute 
                                                                            some federal-based credits or deductions, for Alaska purposes.
Payment of estimated  tax is required  as provided  under  IRC 
Section 6655. A corporation failing to pay the proper estimated tax         Attachment of Federal Return
when due will be subject to an underpayment penalty for the period 
of  underpayment.  If  the corporation is relying on the  Adjusted          The corporation filing the Alaska tax return must provide a complete
Seasonal Installment Method or the Annualized Income Installment            copy of its signed  federal  income tax return (Form 1120, 
Method, Form 6220 must be completed and the applicable box on               1120S,990-T,  etc.). The copy must be of the return actually filed 
Form 6220 must be checked. See separate instructions for Form               with   the IRS for the same tax year. If the Alaska return is based on 
6220.                                                                       a combined report, then a copy of the federal return filed by any of 
                                                                            the members of the combined group must be attached.
Quick Refund
                                                                            A pro-forma return will not fulfill this requirement. Failure to 
A corporation that has overpaid its estimated tax for the tax year          provide the required federal return(s) will result in the Alaska 
may apply for quick refund if the overpayment is:                           return being deemed incomplete, and penalties may apply.

•   At least 10% of the expected tax liability and                          If Form 1120 is electronically filed, attach a copy of the appropriate
                                                                            Form 8453 or Form 8879, which must show the signature.
•   At least $500
                                                                            Note: If the federal return exceeds 50 pages, a corporation may 
The corporation applies for the refund by completing Form 6230              submit the following portions of the required federal return in lieu of 
Alaska Quick Refund of Estimated Tax. Filing Form 6230 does not             the entire federal return:
fulfill a corporation’s filing obligation.
                                                                            1)  A copy of pages 1 through 6 of federal Form 1120, pages 1 
Filing a Consolidated Return                                                 through 5 of Form 1120S, pages 1 through 7 of the Form 1120F, 
                                                                             etc. for the tax year.
Two or more  Alaska  taxpayers included  in the same federal 
consolidated return, who are in the same unitary business, must file        2)   If  Form  1120  is  electronically   filed,   attach   a   copy  of  the 
a consolidated Alaska return. Additionally, two or more taxpayers            appropriate Form 8453 or Form 8879 (signed), as filed with the 
may elect to file a consolidated return if they qualify to join in a         IRS.
consolidated federal return, and are in the same unitary business. 
Foreign corporations are treated  as  domestic corporations for             3)  If  a  consolidated   federal   return  is  filed,  attach  copies    
purposes  of  determining  eligibility  to  file  a  consolidated  Alaska    of the schedules prepared for the computation of consolidated 
return.  If  any  two  taxpayers  join  in  filing  a  consolidated  Alaska  taxable income. The schedules must show the separate taxable 
return, all eligible taxpayers must be included in the consolidated          incomes for  each member of  the federal consolidated  group 
return.                                                                      with  the consolidating  eliminations and  adjustments  made  to 
                                                                             arrive at consolidated taxable income.
Alaska consolidated returns resemble, but do not mirror, the federal 
consolidated return. In an Alaska consolidated return, the federal          4)  Schedules M-3 and supporting schedules.
consolidation rules are applied to construct the Alaska consolidated 
items; namely  capital  gain  net income, charitable  contributions,        5)  Schedule D and supporting schedules.
the dividends-received deduction, income tax, credits, and other 
taxes. If a taxpayer is a member of a consolidated business, then           6)  Form 4797 and supporting schedules.
the taxpayer is required to determine its taxable income using the           
worldwide combined method of reporting. (See “Combined Report”              7)  Credits: If claimed on the Alaska return, include copies of Form 
below.) A consolidated business is a group of corporations in which          3800 with applicable  supporting federal forms,  and copies of 
more than 50% common ownership of the group is owned, directly               federal forms supporting any credits not reported on Form 3800.
or indirectly, by one or more corporate or non-corporate common 
owner(s), or by one or more of the members of the group.                    8)  Extension: Form 7004, if applicable.

The taxable incomes of all taxpayers are then consolidated  to              Electronic Filing of Federal Return Information
comprise the consolidated Alaska return.
                                                                            Federal  tax  return  information  must  be  filed  in  digital  file  format 
Adoption of the Internal Revenue Code (IRC)                                 (see page 2). In limited  circumstances, digital   documents  are 
                                                                            accepted in .pdf or .tif format, only on the following media: CDs, 
Under  AS 43.20.021,  Alaska adopts IRC Sections 1–1399 and                 DVDs, or thumb drives. All media must be physically labeled with 
6001–7872, with full force and effect, unless excepted to or modified       Taxpayer Name, EIN and tax year. If multiple discs or thumb drives 
by other provisions of Alaska law. In addition, AS 43.20.160 and            are used, they must be sequentially  numbered.  The federal  tax 
                                                                                                      0405-6100i  Rev 01/01/24 - page 5

- 6 -

return information should start with pages 1 through 6 of the federal Apportionment refers to the division of business income among
tax return filed with the IRS. The DOR does not accept pro-forma states by the use of an apportionment formula.
returns.
Allocation refers to the assignment of non-business income to a
Combined Report particular state.

Whenever two or more corporations are engaged in a unitary Alaska applies both the transactional and functional tests of
business conducted within and outside Alaska, the members of business income. Income resulting from transactions or activities
the unitary group that are Alaska taxpayers must apportion the that are within the regular course of the taxpayer’s trade or
combined income of the group to measure their Alaska taxable business are business income. Income from tangible or intangible
income. The worldwide combined reporting method is required for property is business income, if the acquisition, management, and
all oil and gas corporations. disposition of the property constitute integral parts of the taxpayer’s
regular trade or business. Income meeting either the functional or
Unitary Group or Unitary Business the transactional test is business income. Income from transactions
or activity that is unusual or infrequent is not non-business income
A business is unitary if the entities involved are under common solely because of the unusual or infrequent nature of the income,
direction (formal or informal) and activities within and without the activity, or transaction.
state are contributory and complementary in nature, such that profits
of the group are inextricably related. Tests of unitary determination Non-business income is all income other than business income.
include functional integration, centralized management, and
economies of scale. Combined Affiliates Having Different Accounting
Periods
Determination of whether the activities constitute a unitary trade or
business depends on the facts of each case. The following factors The income of all affiliates included in a combined report must be
are considered to be indications of a unitary trade or business, and determined on the basis of the same accounting period. Generally,
the presence of any of these factors creates a presumption that the the accounting period used in the return should be that of the
activities constitute a single trade or business. common parent. Where no common parent exists, the income of
the combined affiliates should be determined on the basis of the
1) Same type of business. Corporations are generally engaged in taxpayer’s annual accounting period.
a unitary trade or business when the activities are in the same
general line of business. For example, corporations that operate Generally, when it is necessary to convert an affiliate to the
a chain of retail grocery stores are almost always engaged in a annual accounting period of the taxpayer, an interim closing of the
unitary business. books should be made for the members whose accounting period
differs from the common parent and/or taxpayer. If no substantial
2) Steps in a vertical process. Corporations are engaged in a misstatement of income results, a pro-rata conversion may be
unitary trade or business when engaged in different steps in a used.
vertically structured enterprise. For example, corporations that
explore for and mine copper ores, concentrate, smelt and refine Real Estate Investment Trusts (REITs)
the copper ores, and fabricate the refined copper into consumer
products are engaged in a unitary trade or business regardless A REIT that meets the more than 50% ownership test is required
of the fact that the various steps in the process are operated to be included in the combined group. The taxpayer may not claim
substantially independently of each other and with only general an Alaska dividends-received deduction for the REIT dividends
supervision from the executive offices. received, if the REIT income is included in the combined report net
of the dividends-paid deduction.
3) Strong centralized management. Corporations that might
otherwise be considered as engaged in more than one trade Public Law (P.L.) 86-272
or business are engaged in one unitary trade or business when
there is strong centralized management. Some indications of If one member of an Alaska consolidated group claims protection
strong centralized management are: under P.L. 86-272, then that corporation will report no numerator
values for property, payroll, or sales. The corporation will still be a
(a) he existence of centralized departments that perform member of the Alaska combined group. The corporation must be
the normal functions that a truly independent business correctly listed on Schedule B, and the appropriate box checked
would perform for itself, such as accounting, personnel, to be considered as having made a protective Alaska filing. The
insurance,legal, purchasing, advertising or financing; or checkbox on page 1 under “Return Information” applies only to the
corporation named on page 1.
(b) centralized executive officers who are involved in planning,
operations or coordination. Insurance Companies

Allocation and Apportionment of Income Alaska includes insurance companies in the combined group, with
apportionment factors calculated under Alaska Regulation 15 AAC
A taxpayer with business income attributable to sources within 20.610. If an insurance company pays Alaska premium tax under
and outside Alaska must apportion such income. To calculate the AS 21.09.210, then that company is exempt from corporate income
apportionment factor, use Schedule I – Apportionment Factor. tax. This is accomplished by excluding that company’s numerator
values from the numerators of the combined group.

0405-6100i Rev 01/01/24 - page 6

- 7 -

Payment of Tax                                                           If the federal return was also amended, a complete copy must be 
                                                                         attached. If the Alaska amended return claims a refund based on 
Payments can  be conveniently  made  electronically  using  DOR’s        an amended federal return or federal Form 1139, then you must 
Revenue Online system. You may access this system at https://            attach documentation that the IRS accepted the amended federal 
online-tax.alaska.gov. If you are a first-time taxpayer, the system      return or Form 1139. An amended Alaska return is also required if 
will require you to register.                                            the federal return is adjusted by the IRS.

When an estimated tax  payment  is $100,000 or greater,  or a            The DOR does not accept amended returns on Forms  611X or 
payment with a return is $150,000 or greater, payment must be            611N. Amended returns for periods ending after July 1, 2016 must 
made  through  Revenue  Online,  Modernized  E-file,  or  by  wire       be filed electronically. See electronic filing requirement above.
transfer; see Alaska Regulation 15 AAC 05.310. Failure to remit 
electronically, when required to do so, is subject to penalty under      Adjustments to Federal Income Tax Liability
IRC Sec. 6656.
                                                                         A corporation is required to file an amended Alaska return to report 
Print the payment voucher from Revenue Online when paying by             any amendment of the taxpayer’s federal income tax return, or re- 
check or wire transfer .                                                 computation of tax by the IRS. The Alaska amended return must be 
                                                                         filed with full payment of any additional tax within 60 days after the 
Revenue Online accommodates Automated Clearing House (ACH)               final determination of the federal adjustment to avoid assessment of 
debit payments. Revenue Online does not accept ACH credit or             a penalty for failure to file. If the date that the adjustment is finalized 
credit card transactions.  To remit ACH debit transactions you must      is later than the date on federal Form 4549 or 4549A, the reason 
have an account registered with Revenue Online                           must be satisfactorily explained to avoid assessment of a penalty 
                                                                         for failure to file. An alteration to the taxpayer’s federal income tax 
If a bank account has a debit block, any online payment request          return includes any alteration to the return of any member of the 
will be rejected by the bank. Rejected payments may result in late       combined group of the taxpayer.
payment penalties and interest. If a bank account has a debit block, 
the taxpayer is encouraged to contact its bank before making an          Protective Claim
online  payment to register the State of Alaska as an authorized 
ACH debit originator. The company ID for the Alaska Department           A protective refund claim is filed to preserve the taxpayer’s right to 
of Revenue is 0000902050.                                                claim a refund when the taxpayer’s right to the refund is contingent 
                                                                         on future events and may not be determinable until after the statute 
A taxpayer making a payment by wire transfer is required to notify       of limitations expires. A protective refund claim is made by submitting 
the State of Alaska, Treasury Division by 2:00 p.m. the business         an amended return, checking the box for a protective claim, and 
day prior to the wire transfer settlement date. Prepare the payment      including a written statement that clearly identifies the basis for the 
voucher using Revenue Online and email to dor.trs.cashmgmt@              claim, as well as the contingency affecting the claim. Any claimed 
alaska.gov. If the payment covers multiple tax years, prepare a          overpayment is not refunded until the matter is resolved. The DOR 
separate voucher for each year.                                          will treat the amended return as an “information return.”

A check must be submitted with the appropriate return or payment         If  it is necessary to amend your return while a protective claim 
voucher. Payment vouchers can be found on Revenue Online, or             is pending,  do not take into account changes  reported on the 
you may use Form 6240.                                                   protective claim.

Mail check with return or payment voucher to:                            Once the relevant matter is resolved, the claim is perfected by filing 
                                                                         a follow-up amended return which reports the Alaska tax liability, as 
TAX DIVISION                                                             finally resolved.
ALASKA DEPARTMENT OF REVENUE 
PO BOX 110420                                                            Late Filing of Return
JUNEAU AK 99811-0420
                                                                         A corporation that does not file its complete return by the due date, 
Alaska Interest Rates                                                    including extension, is subject to a failure to file penalty of 5% of the 
                                                                         unpaid tax for each 30-day period or portion of a period the return 
Alaska charges interest on taxes due, at a rate which fluctuates         is late, up to a maximum of 25% of the unpaid tax.
each quarter. For current rates, refer to our website at www. tax.        
alaska.gov.                                                              Late Payment of Tax

Amended Returns                                                          A corporation that does not pay the full amount of tax when due is 
                                                                         subject to a failure to pay penalty of 5% of the unpaid tax for each 
An amended return must be filed as a complete return. If you are         30 day period or portion of a period the payment is late, up to a 
amending a return for 2013 or later year, the form has a checkbox        maximum of 25% of the unpaid tax. If during any period or portion 
on  page  1  to  indicate  “amended  return.”  If  you  are  amending  a of a period, both the failure to file and failure to pay penalties are 
return for 2012, or an earlier tax year, you must file a complete        applicable, only the failure to file penalty is imposed.
return, and write “Amended Return,” preferably in red, across the 
top of the amended return. If you are amending your return to claim      Failure to Electronically File
a carryover of tax attributes such as a net operating loss (NOL), 
capital losses, or excess charitable contributions, then you must        A  corporation  that  does  not  file  its  return  or  amended  return 
attach Form 6385 Tax Attribute Carryovers. This form may also be         electronically, and does not have a waiver, is subject to a penalty 
used to claim a carryback of NOL or capital losses.
                                                                                                        0405-6100i  Rev 01/01/24 - page 7

- 8 -

of the greater of $25 or 1% of the tax due before application of      □  Consolidated Alaska return: Check this box  if  this tax return  
payments.                                                             is being filed by two or more Alaska taxpayers. “Consolidated” 
                                                                      applies to the Alaska taxpayers, not their federal return status. 
Voluntary Disclosure Program                                          Note that a consolidated return is required in some cases. See 
                                                                      “Filing a Consolidated Return” on page 5 for more information.
Alaska  provides  a  Voluntary  Disclosure  Program  to  qualified 
taxpayers. The taxpayer must voluntarily come forward, have never     □  Amended return: Check this box if this return is an amended 
filed an Alaska corporate tax return, have not been the subject of    return. You must file a complete return to amend, including all 
an inquiry from the DOR, and meet other requirements. Certain         schedules.  Do  not  mark  schedules  “As  originally  reported.”   
penalties are waived, but tax and interest must be fully paid. For    Be sure to attach a statement explaining  the changes being 
additional information, please see Form 6750 and the associated       reported. (See instructions for related checkboxes below.)
instructions.
                                                                      □   Filing extension: A federal extension automatically extends the 
Disclaimers                                                           Alaska filing due date. You must check this box to report that an 
                                                                      extension is in effect.
When this form was drafted, the current year federal tax forms 
were not finalized. Therefore, references to lines and schedules on   □  Public Law 86-272 applies (P.L. 86-272): Check this box if the 
federal forms may not be accurate. Nothing in these instructions or   corporation named on page 1 is claiming protection under P.L. 
associated forms should be read to conflict with Alaska statutes or   86-272. If  this is a consolidated  return, and another  Alaska 
regulations.                                                          corporation  claims protection  under  P.L. 86- 272, then that 
                                                                      corporation checks the appropriate box on Schedule B, line 1. 
These instructions are presented to assist the taxpayer in preparing  See “Public Law (P.L.) 86-272” discussion on page 6.
a corporate return for Alaska. Every effort is made to ensure that 
the instructions are accurate and helpful. The instructions are not   □   Exempt organization with UBTI: If the corporation is an exempt 
intended to address every legal situation. The taxpayer is advised    organization that is filing federal Form 990-T to report Unrelated 
to consult Alaska Statutes Title 43, Chapters 05, 19, and 20 and      Business Taxable Income (UBTI),  then check this box. If  the 
related regulations, and to consult a legal advisor.                  organization does not report any UBTI, then the organization 
                                                                      should not file an Alaska corporate income tax return.

             SPECIFIC INSTRUCTIONS                                    □    S    Corporation:    Check    this  box  if  the  corporation  is  an  S 
                                                                      Corporation under federal law.
Taxpayer Identification
                                                                      □  Personal Holding Company: Check this box if the corporation is 
Enter the name and federal Employer Identification Number (EIN)       a “Personal Holding Company” as defined in IRC Section 542.
of the taxpayer. If this is a consolidated Alaska return, enter the 
name and EIN of one taxpayer included in the consolidated filing.     □   Amended return to report IRS audit or Form 1120X: Check this 
Do  not  use  the  name  of  the  federal  consolidated  group  (“XXX box if this is an amended return filed to report audit changes by 
Corporation and Subs”). All other Alaska taxpayers are listed on      the IRS, or the filing of an amended federal tax return (Form 
Schedule B, line 1.                                                   1120X). You must attach a complete copy of the federal audit 
                                                                      report “RAR” showing federal changes by company, along with 
If the common parent of the federal consolidated group is an Alaska   federal documentation showing that the changes are “final.” If 
taxpayer, use its name and EIN on page 1. Otherwise, select the       this is a refund claim based on an amended federal tax return, 
taxpayer with the  largest Alaska  presence. Continue to  use that    attach documentation that the federal amendment has been 
name and EIN for subsequent tax periods until the taxpayer leaves     accepted by the IRS.
the Alaska  consolidated  group  or the common  parent  becomes  
an  Alaska taxpayer.  If  this taxpayer or consolidated  group has    □   Protective claim:   If  this  is  an amended return filed to make  
previously filed under the name and EIN of a common parent not        a protective claim, check the additional  box, and attach a 
having nexus in Alaska, change the designated taxpayer according      statement explaining  the protective claim. See additional 
to these instructions and complete Schedule B, question 4.            instructions  for  “Protective  Claim”  on  page  7.  Note  that  a 
                                                                      protective claim is made on an amended return. An original tax 
Contact Person                                                        return is never considered a protective claim.

Provide  the name, email  address, and telephone  number  of an       Schedule A – Net Income Tax Summary
individual to whom correspondence regarding this return should be
directed. This must be an officer or employee authorized to receive   Line 2, Alaska net operating loss (NOL) deduction: If there is Alaska 
confidential tax information. Generally, the DOR cannot discuss tax   taxable income reported on line 1, then enter the amount of an NOL 
matters with an outside party unless there is a Power of Attorney on  to be utilized in the current year in the space provided on line
file (see “Paid Preparer Authorization” on page 4).                   2. Form 6385 Tax Attribute Carryovers must be attached to claim 
                                                                      NOLs being carried forward from previous years.
Return Information
                                                                      Do not enter the federal net operating loss deduction. The Alaska 
Check all boxes that apply.                                           net  operating  loss  deduction  may  differ  from  the  federal  net 
                                                                      operating loss as a result of state adjustments to federal taxable 
□   Final Alaska return: Check this box if you do not expect to have  income, differences between the federal consolidated group and
nexus in Alaska after this tax year. Note: If you intend to check     the Alaska combined group, and the amount of income or loss 
“Final”  due  to  a  corporate  reorganization,  please  contact  the apportioned to other states.
DOR at (907) 269-6632 for technical assistance.
                                                                                                    0405-6100i  Rev 01/01/24 - page 8

- 9 -

The application of an Alaska net operating loss is governed by Schedule D – Alaska Tax Computation
applicable IRC provisions.
Line 2, Tax on ordinary income: Use the Tax Rate Table to
Line 7, Alaska incentive credits: Enter amount from Form 6300, compute the tax on line 4. The tax rate table is on page 2 of these
line 49 to report Alaska incentive credits that are not refundable instructions.
credits. This includes the Income Tax Education Credit.
If the corporation is a Personal Holding Company (PHC),
Line 16, Overpayment credited to estimated tax: This is a the corporation must calculate its tax on Schedule D using the
binding election and the overpayment cannot be re-applied or graduated rates in addition to the 12.6% add-on tax that is reported
reduced at a later date. See federal Treas. Reg. 301.6402-3(a) and on Schedule E, line 4.
(d).
If this is an amended return filed to report an additional overpayment Schedule E – Other Taxes
(in excess of the overpayment reported on the original return), then
you can make the election to carry the additional overpayment to Line 1a, Alternative Minimum Tax (AMT): On line 1a, report the
the next succeeding year, only if the amended return is filed before amount of the federal AMT that is applicable to the combined group
the payment due date for the succeeding tax year. This is also from federal Schedule J.
true if the original return did not report an overpayment, but the
amended return shows an overpayment. Line 2a, Base Erosion and Anti-Abuse Tax (BEAT): Report the
amount of the federal BEAT that is applicable to the combined
Schedule B – Alaska Taxpayer Information group from federal Form 8991.

Line 1, Alaska taxpayer information: This schedule must be Line 4, Personal Holding Company (PHC) tax: Report the PHC
completed if the Alaska return is a consolidated return. List each tax of 12.6%, apportioned if appropriate. This tax is assessed in
member of the Alaska consolidated group on Schedule B, line addition to tax calculated at ordinary tax rates on Schedule D.
1, except the taxpayer shown on page 1. If the corporation is
claiming protection under P.L. 86-272, check the box next to that Line 5, Increase in tax liability due to cessation of commercial
corporation’s name on line 1. Otherwise, check the boxes indicating operations of a liquefied natural gas storage facility under
which activities (property, extraction, sales) that corporation has in AS 43.20.047(h): Use Form 6323 to calculate the increase in tax
Alaska. The list of corporations on Schedule B must agree to the liability, and attach to the tax return.
corporations reporting Alaska factors on Schedule I, except those
corporations claiming exemption under P.L. 86-272. Line 6, Other taxes: Report on line 6 any other federal taxes, or
additions to tax liability, applicable through Alaska’s adoption of the
If a corporation is protected under P.L. 86-272, and the corporation IRC under AS 43.20.021(a). In addition, use this line to report other
is joining in filing an Alaska consolidated return as a protective taxes, and additions to tax liability, required under other Alaska tax
measure, then that corporation must be properly listed on Schedule statutes. Such taxes include, but are not limited to:
B to effect a protective filing.
□ “Look-back interest” is based on federal interest rates, and
Caution: If Schedule B is not properly completed, then the DOR apportioned to Alaska (18% does not apply). Attach a copy of
may determine that a particular corporation, doing business in federal Form 8866 or 8697, as applicable.
Alaska, has not filed a tax return, and may subject the corporation
to a penalty for failure to file. □ Recapture of (federal) low-income housing credit must be
multiplied by 18% and apportioned, if applicable. Attach a copy
Do not list affiliated corporations that are not Alaska taxpayers. of federal Form 8611.
Replicating the federal Form 851 information does not constitute a
properly completed Schedule B. □ Recapture of Alaska investment tax credit is subject to federal
recapture rules, to the extent that the investment originally
If Alaska activity is conducted by a Disregarded Entity, then its generated an Alaska investment tax credit. The subject amount
activity is attributed to its corporate owner. List that corporate owner is then multiplied by 18%, but is not apportioned.
on Schedule B, not the Disregarded Entity. Do not list a partnership
on Schedule B; report the corporation holding that partnership □ S corporations use line 6 to report built-in gains or excess net
interest. passive income taxes. Attach a statement showing the tax
calculation and apportionment, if applicable.
Schedule C – Tax Payment Record
Schedule G – Computation of Alaska Income
Enter the dates and amounts of estimated tax payments made
for the tax year. If a payment was made under a name and EIN Line 1: Taxpayers should refer to Alaska Regulation 15 AAC
different from the taxpayer shown on page 1, identify the payer by 20.300. Typically this line should include federal taxable income
notation in the area below the “Estimated Payments” section. Total line 28 for all domestic corporations included in the combined
payments must equal Schedule A, line 10. group and the federal taxable income of foreign corporations as
defined in 15 AAC 20.300(e), subject to the election at 15 AAC
If this is an amended tax return, use the section “Amended return 20.300(f). Attach a schedule by company that details the amount
only” to account for payments made, and refunds received, based entered on line 1.
on the original return, or as last amended or adjusted by the DOR.
Line 2a: Enter the FTI reported on the federal tax return(s) of all
domestic unitary corporations not included in line 1 with 20% or
greater U.S. factors. Attach a schedule, by company.
0405-6100i Rev 01/01/24 - page 9

- 10 -

Line 2b: Enter the income of unitary foreign corporations of the that were eliminated in the federal consolidated return. (Also see
combined group. Attach a schedule, by company. instructions for Schedule L on page 14.)

The income of a foreign corporation is the taxable income before Line 5g: Enter amount of capital gain income from federal Form
net operating loss determined under the Internal Revenue Code, 1120, line 8. Do not include any capital gain income excluded as
subject to modification under Alaska law, as if the corporation were non-business income on line 5i.
a domestic corporation. Alternatively, the taxpayer may elect to
report the book income of the foreign corporation, or its Earnings Line 5h: Enter amount of federal Section 1231 gains that are
and Profits, as reported on federal Form 5471. Please refer to 15 taxable as ordinary income, from federal Form 4797, line 12. Do
AAC 20.300(e) and (f) for further information. not enter federal accumulated nonrecaptured net Section 1231
losses from prior years (Form 4797, line 8).
Note that the income of the foreign corporation must be reported
for the entire corporation. The corporation may not report federal Line 5i: Enter any non-business income or loss claimed and attach
taxable income shown on federal Form 1120-F, unless the Form a schedule by category of income. Enter on line 3g expenses
1120-F includes all income of the corporation. incurred to produce non-business income. You must attach a
schedule of all non-business income claimed by type of income
Line 2c: Remove the income or loss of companies included in line and by company.
1 that are not included in the unitary business of the taxpayer(s).
Attach a schedule, by company. Line 9: Enter non-business income or loss allocated to Alaska and
attach schedule by category of income.
Line 2d: Enter the adjustment for intercompany transactions
that are necessary to reflect the combined income of the world- Line 10a: Enter the taxpayer’s Alaska capital and Section 1231
wide combined reporting group. The incomes of the companies gains and losses from Schedule J, line 20.
represented in lines 1 through 2c may or may not include adjustments
to, or the elimination of, intercompany profits as required under Line 10b: Enter the taxpayer’s Alaska charitable contribution
the combined method of reporting. An intercompany transaction deduction from Schedule K, line 10.
of a federal consolidated group may not be an intercompany
transaction of the world-wide combined reporting group. This may Line 10c: Enter the taxpayer’s Alaska dividends-received deduction
include the reversal of a consolidating elimination or adjustment as limited under IRC Section 246. Use the worksheet in Appendix
from the consolidated federal return, the initiation of an elimination, B to calculate the allowable deduction, and enter the amount on
or adjustment for inter-group transactions that are not reflected in line 10c.
the income reported on lines 1 or 2a–2c, or a combination of the
two. Schedule I – Apportionment Factor

Alaska regulations provide that intercompany transactions The corporations listed on lines 1, 5, and 9 must comprise the entire
between any two members of the combined group, if those two group of corporations with nexus in Alaska. Do not list corporations
members join in a consolidated federal return, must be accounted on lines 1, 5, and 9 that do not have nexus. Do not list all corporations
for in the combined report in the same manner as the transaction included in the federal consolidated group. If Schedule I is not
is accounted for in the consolidated federal return. Refer to Alaska properly completed, this may delay the processing of the return
Regulation 15 AAC 20.300(m). and a delay in a refund. Additionally, the DOR may deny interest on
a refund claimed on a return that was not processible.
The most common adjustment is for intercompany profits in
beginning and ending inventory. Reverse end-of-year intercompany The numerator values on lines 1, 5, and 9 must be listed by
profit eliminations between corporations within and outside of corporation, net of intercompany eliminations. Do not list an
the world-wide combined reporting group to the extent they are “elimination company.” If lines 1, 5, and 9 are improperly completed
included in the measure of income reported on lines 1 through 2c. regarding eliminations, this may result in a tax adjustment.
Reverse beginning-of-year intercompany profits on transactions
between corporations within the world-wide combined group to the If the taxpayer does business only in Alaska, enter “1.000000”
extent they were not reversed in the measure of income reported on line 14. If the taxpayer has business activity both within and
on lines 1 through 2c. outside of Alaska, then Schedule I must be fully completed. Note
that the list of taxpayers listed on lines 1, 5, or 9 must match the
Line 3h: Enter the amount of expenditures that are being claimed list of taxpayers listed on Schedule B, plus the taxpayer named
for the Qualified Oil and Gas Service Industry Expenditure Credit, on page 1 of the tax return. An exception is a corporation claiming
from Form 6327, line 2. exemption under P.L. 86- 272.

Line 5c: Enter depreciation based on IRC Section 167, as it read If the taxpayer is a “disregarded entity” under federal law, then that
on June 30, 1981, or financial statement depreciation. See 15 AAC entity is disregarded for Alaska purposes. On Schedule I, list the
20.480 for more details. name and EIN of the owner of that disregarded entity.

If the corporation is claiming a credit for in-state oil refinery If a corporation owns an interest in a partnership that conducts
expenditures, the Alaska depreciation must be adjusted to exclude business in Alaska, then the partnership’s apportionment factors
depreciation associated with such expenditures. (property, sales, and payroll) are attributed to that corporate partner.

Line 5e: Enter the dividends between members of the worldwide On Schedule I, report the corporation’s property, payroll, and sales,
combined group that are included as income in line 1 above. Do not including its share of partnership factors. Do not list the name or
enter dividends between members of a federal consolidated group EIN of the partnership on lines 1, 5, or 9.
0405-6100i Rev 01/01/24 - page 10

- 11 -

All factor calculations (lines 4, 8, 12, and 14) must be rounded to 4797. Do not report amounts net of federal capital loss carryovers
the sixth decimal place. If both the numerator and denominator (for or carrybacks.
a particular factor) are zero, disregard that factor and divide line 13
by the remaining number of factors and enter the result on line 14. Line 1: Enter in column A the current Section 1231 gains and
(losses) from federal Form 4797, line 7 attributable to the combined
Taxpayers should consult the regulations at Alaska Regulation 15 group. Do not use the amount from Form 4797, line 17, which
AAC 20.490 and 15 AAC 20.500 for rules concerning the modified includes ordinary gains and losses.
apportionment formulas under AS 43.20.144. The appropriate
formula is determined based on the activities of the taxpayer’s Line 2: The taxpayer’s Alaska non-recaptured net Section 1231
unitary business. losses are based on the apportioned Section 1231 gains and
losses in prior years and may not correspond to the taxpayer’s
If the unitary business is engaged only in oil or gas production in federal non- recaptured net Section 1231 losses.
the state, check the appropriate box at the top of Schedule I. In that
case, complete lines 1–8. Skip lines 9–12. Then go to line 13. Enter Line 5: Enter the amount from federal Schedule D, the sum of
on line 13 the total of lines 4 and 8. Divide line 13 by 2 and enter lines 1–5 attributable to the combined group. Do not use line 7
the result on line 14. See Alaska Regulation 15 AAC 20.490(2) for which includes federal unused capital loss carryover. (See line 9
more information. instructions below to report Alaska unused capital losses.)

If the unitary business is engaged only in regulated pipeline activity Line 9: Enter on line 9 the Alaska excess capital loss to be utilized
in the state, check the appropriate box at the top of Schedule I. in the current year. The Alaska excess capital loss is the taxpayer’s
In that case, complete lines 1–4 and lines 9–12. (Skip lines 5–8.) allocated and apportioned net capital losses from prior years. Enter
Then go to line 13. Enter on line 13 the total of lines 4 and 12. in the first space on line 9 the amount from Form 6385 Tax Attribute
Divide line 13 by 2 and enter the result on line 14. See Alaska Carryovers, line 12. Do not enter the taxpayer’s federal capital loss
Regulation 15 AAC 20.490(1) for more information. carryover from federal Schedule D.

If the unitary business produces oil or gas in the state, and also Special capital loss carryback notes: If this is an amended
transports oil or gas by regulated pipeline in the state, then all return filed to claim a capital loss carryback, enter the amount of
three factors apply. Check both of the relevant boxes at the top of carryback to be utilized in the current year, in the space provided
Schedule I. Complete lines 1–13. Divide the amount on line 13 by on line 9. This generally comes from Form 6385, line 16. Note that
3 and enter the result on line 14. See Alaska Regulation 15 AAC a capital loss carryback cannot create or increase a current net
20.490(3) for more information. operating loss. This may require an iterative process to calculate
the allowable capital loss carryback. In this situation, you would
In accordance with an Attorney General’s Opinion of October prepare the return with the following steps:
20, 1999, the Department allows taxpayers to determine the
appropriate apportionment formula under AS 43.20.144, based 1. Schedule G (Alaska income) through line 9
on the activities of the taxpayer’s worldwide unitary business. For
more information on this issue, consult the notice issued November 2. Schedule J (capital gains/losses) including capital loss carryover
19, 1999, “Notice of Application of AS 43.19.010 Art. 4, Sec. 18(c) to current year, but excluding capital loss carryback
To Allow Factor Relief For Certain AS 43.20.072 Taxpayers”. The
full text of this notice can be found under “Tax Types,” “Corporate 3. Schedule K (charitable contributions)
Income Tax,” “Tax Notices” on our website at: www.tax.alaska. gov.
4. Schedule L (dividends-received deduction)
If the Attorney General’s opinion applies, check the relevant box
at the top of Schedule I. Then complete lines 1–12. This will result 5. Calculate as-if Alaska taxable income (Schedule A, line 1)
in zero being reported on line 8 (in the case of a transportation using items 1–4 above.
company), or line 12 (in the case of a producing company). Enter
on line 13 the total of lines 4, 8, and 12. Divide line 13 by 3 and • If as-if taxable income is greater than zero, then a capital loss
enter the result on line 14. carryback may be partially or fully allowable
• If as-if taxable income is less than, or equal to zero, thena
Schedule J – Alaska Capital and Section 1231 Gains and capital loss carryback is not allowable.
Losses
6. Enter the allowable capital loss carryback in the space provided
Schedule J is used to calculate the taxpayer’s Alaska net capital gain. on Schedule J, line 9.
Gains and losses are measured after allocation and apportionment.
Enter the taxpayer’s current gains and losses, before any federal 7. Complete the remainder of the return.
limitations, according to their character. Corporations that conduct
business both within and without Alaska enter total gains and Line 11: Enter the amount of long-term capital gains and losses
losses on lines 1, 5, and 11 and enter non-business capital gain from 1120 Schedule D, (the sum of lines 8-10, plus lines 12-14). Do
or loss on lines 6 and 12 as appropriate. Enter the portion of non- not use the amount from line 15, as it includes Section 1231 gains
business gain or loss that is allocable to Alaska on lines 8 and 14, and losses which must be reported on Schedule J, line 1.
as appropriate. Taxpayers using the combined method of reporting
should report the gains and losses of the entire combined group. Line 17: If line 10 is a gain and line 16 is a loss, offset the loss from
line 16 against the gain from line 10 and enter the result on line 17,
Note: If you are filing an amended return, Schedule J must be fully but not less than zero.
completed, based on information from federal Schedule D (without
regard to federal capital loss carryovers or carrybacks) and Form
0405-6100i Rev 01/01/24 - page 11

- 12 -

Line 18: If line 16 is a gain and line 10 is a loss, offset the loss from The rules for determination of the predominant business activity are
line 10 against the gain from line 16 and enter the result on line 18, contained at Alaska Regulation 15 AAC 20.421. Taxpayers whose
but not less than zero. factors related to the petroleum business are less than 50% of
total factors, are required to separately report petroleum business
Line 20: Add lines 17, 18, and 19 and enter the result on Schedule income and other business income.
G, line 10a.
Unitary business income is segregated between Petroleum
Schedule K – Alaska Charitable Contribution Deduction Business and Other Business, according to the principal activity
of the corporation. “Petroleum Business” is defined in Alaska
The taxpayer’s Alaska charitable contribution deduction may Regulation 15 AAC 20.421(d) as oil and gas operations and
differ from its federal charitable contribution deduction as a result business activities that are related to or incidental to oil and gas
of allocation and apportionment, the taxable income limitation, operations, which are defined as follows:
Income Tax Education Credit contributions, and differences in
carryover values. Schedule K is used to measure the taxpayer’s “exploration, production, refining, manufacturing, processing,
Alaska charitable contribution deduction limited by its Alaska transportation, and marketing of oil and gas or any commodity,
taxable income. product or feedstock derived from oil or gas, including
petrochemicals, whether or not acquired from or transferred
Line 1: Enter the taxpayer’s current charitable contributions before between parts of the unitary business. . .”
any federal deduction limitations and exclusive of any federal
excess contribution carryover. This includes sales of non-petroleum goods at gasoline stations
or similar wholesale or retail outlets; financing, insurance, and
Line 2: Enter charitable contributions that were used to generate related service activities; and sales of assets used in oil and gas
an Income Tax Education Credit, that are included in line 1, from operations.
Form 6310, line 3. The total of line 2 should not exceed $2,000,000.
The basic reporting approach under 15 AAC.20.421 is to
Line 6: Enter the taxpayer’s Alaska excess contribution carryover “consolidate” after apportionment. Taxpayers required to report
from prior years from line 18 of Form 6385 Tax Attribute Carryovers. petroleum and other business income must separately calculate
Enter as a positive number Alaska taxable income, credits and other taxes for each business
segment. Only after each segment’s apportioned income, credits,
Line 8: Enter the Alaska taxable income for deduction limitation and other taxes have been calculated are they consolidated.
purposes. Use worksheet in Appendix A to calculate the limitation
and to calculate the amount of charitable contribution carryover to Petroleum business income is apportioned using modified factors
convert to net operating loss, if applicable. and other business income is apportioned using standard factors.

Schedule L – Alaska Dividends-Received Deduction Instructions Specific to Form 6150
(DRD)
In addition to the instructions above, please note the following
The Alaska dividends-received deduction is based on the allocated instructions specific to Form 6150:
and apportioned dividends included in Alaska taxable income and
is limited to Alaska taxable income in accordance with IRC Section Taxpayer Identification
246(b).
On page 1, report the name and EIN of the corporation that holds an
Lines 2a–2d: Enter the amounts of dividends already deducted, interest in a producing property, or a regulated pipeline, in the state.
or accounted for, on Schedule G, that are included in Schedule L, If there is more than one corporation holding such an interest, use
line 1. These would include intercompany dividends, Section 78 the name and EIN of the taxpayer with the largest Alaska presence.
gross-up, foreign dividends, and dividends deducted on Schedule
G as non-business income. These dividends are not eligible for Schedule B – Alaska Taxpayer Information
a dividends-received deduction, because they have already been
deducted. Line 1, Alaska taxpayer information: This schedule must be
completed if the Alaska return is a consolidated return. List each
Lines 8 and 9: Enter the allocated and apportioned dividends member of the Alaska consolidated group on Schedule B, except
from line 7, according to the appropriate deduction percentage the taxpayer shown on page 1. If the corporation is claiming
in accordance with IRC Sections 243–247, in column A of line 8 protection under P.L. 86-272, check the box in column B next to
and multiply across. Enter the sum of line 8a–d column C in line that corporation’s name on line 1. If the corporation is part of the
9. Use the worksheet in Appendix B to calculate the amount of Other Business segment, check the box in column C.
dividends allowable based on Alaska taxable income (IRC Section
246). Carry the amount of allowable dividend-received deduction to Check the boxes indicating which activities that corporation has
Schedule G line 10c. in Alaska (property, sales, extraction for Petroleum Business;
property, sales, payroll for Other Business). The list of corporations
FORM 6150 on Schedule B must agree to the corporations reporting Alaska
UNITARY BUSINESS NOT PREDOMINANTLY A factors on Schedule I, except those corporations claiming
PETROLEUM BUSINESS exemption under P.L. 86-272.

Certain Alaska taxpayers may be subject to AS 43.20.144 by virtue
of oil or gas production or pipeline activity, but also conduct a
unitary business that is not predominantly a petroleum business.
0405-6100i Rev 01/01/24 - page 12

- 13 -

Schedule F – Line 2f: Enter the adjustment for intercompany transactions that
Petroleum and Other Unitary Business Taxable Income are necessary to reflect the combined income of the water’s edge
combined group. The incomes of the companies represented in
Schedule F calculates the taxable income, consolidating the results lines 1 through 2e may or may not include adjustments to, or the
of the Petroleum Business and the Other Business segments. elimination of, intercompany profits as required under the combined
method of reporting. An intercompany transaction of a federal
Schedules G and H – consolidated group may not be an intercompany transaction of the
water’s edge group. This may include the reversal of a consolidating
Petroleum and Other Business Income elimination or adjustment from the consolidated federal return, the
initiation of an elimination, or adjustment for inter-group transactions
Petroleum Business income is reported on Schedule G, as
that are not reflected in the income reported on lines 1 or 2a–2e, or
explained on page 9. Other Business income is reported on
a combination of the two.
Schedule H as follows:

Alaska regulations provide that intercompany transactions
Line 1: Enter the federal taxable income or (loss) of the Other
between any two members of the combined group, if those two
Business segment, before deductions for federal net operating
members join in a consolidated federal return, must be accounted
loss and federal dividends-received deduction (“FTI”). Generally,
for in the combined report in the same manner as the transaction
this will be line 28 of the federal income tax return of the taxpayer.
is accounted for in the consolidated federal return. Refer to Alaska
This should agree to the federal return required to be attached to
Regulation 15 AAC 20.300(m).
the Alaska return. Taxpayers included in a consolidated federal
return should enter the FTI of the federal consolidated return on
The most common adjustment is for intercompany profits residing in
line 1 of Schedule H. If the taxpayer is not affiliated with another
beginning and ending inventory. Reverse end-of-year intercompany
corporation, skip lines 2a–g.
profit eliminations between corporations within and outside of the
water’s edge group to the extent they are included in the measure
Line 28 will not be applicable in certain situations. If the taxpayer is
of income reported on lines 1 through 2e. Reverse beginning-of-
subject to federal minimum taxable income requirements, or if the
year intercompany profits on transactions between corporations
taxpayer is deducting contributions to a Merchant Marine capital
within the water’s edge combined group to the extent they were not
construction fund, then the taxpayer will calculate its FTI as Form
reversed in the measure of income reported on lines 1 through 2e.
1120 line 30, increased by the sum of lines 29a and 29b on federal
Form 1120. See federal instructions for Form 1120, line 30 for more
information on these special situations. Line 4e: Enter the amount of expenditures that are being claimed
for the Qualified Oil and Gas Service Industry Expenditure Credit,
from Form 6327, line 2, that is applicable to the Other Business
Line 2a: Enter the FTI reported on the federal tax return(s) of all
segment.
domestic unitary corporations not included in line 1 with 20% or
greater U.S. factors. Attach a schedule, by company.
Line 6b: Enter the dividends paid by members of the combined
group to other members of the Other Business group (intercompany
Line 2b: Enter the income of unitary foreign corporations of the
dividends). Do not enter dividends between members of a federal
water’s edge group. Include any foreign corporation with 20% or
consolidated group that were eliminated in the federal consolidated
greater U.S. factors. Attach a schedule, by company.
return.
The income of a foreign corporation is the taxable income before
net operating loss determined under the IRC, subject to modification Line 6d: AS 43.20.145(b)(1) permits an exclusion of 80% of
dividends received from foreign corporations. The IRC §965
under Alaska law, as if the corporation were a domestic corporation.
inclusion and Global Intangible Low-Taxed Income (GILTI) amounts
Alternatively, the taxpayer may elect to report the book income of
are deemed foreign dividends. The 80% exclusion is an exception
the foreign corporation, or its Earnings and Profits, as reported
to any DRD allowable under the IRC.
on federal Form 5471. Please refer to Alaska Regulation 15 AAC
20.300(e) and (f) for further information.
Line 6f: Enter any non-business income or loss claimed and attach
schedule by category of income. Enter on line 4b expenses incurred
Note that the income of the foreign corporation must be reported
to produce non-business income. You must attach a schedule of all
for the entire corporation. The corporation may not report federal
non-business income claimed by type of income and by company
taxable income shown on federal Form 1120-F, unless the Form
name.
1120-F includes all income of the corporation.
Line 2c: Enter income reported by tax haven corporations. Also Line 6g: Enter amount of capital gain income from federal Form
1120, line 8 reported by members of the Other Business group.
use this line to report the foreign sales corporation’s profit, including
Do not include any capital gain income excluded as non-business
federally exempt foreign trade income and allowing for deductions
income on line 6f.
attributable to exempt foreign trade income.
Line 2d: Remove the income or loss of companies included in line Line 6h: Enter amount of federal Section 1231 gains that are
taxable as ordinary income, from federal Form 4797, line 12. Do
1 that are not included in the unitary business of the taxpayer(s).
not enter federal accumulated nonrecaptured net Section 1231
Attach a schedule, by company.
losses from prior years (Form 4797, line 8).
Line 2e: Remove the income or loss of companies included in line
1 that are part of the taxpayer’s unitary business but whose U. S. Line 6i: The taxpayer may claim a deduction for foreign-derived
intangible income (FDII) under IRC section 250(a)(1)(A) with some
factors average less than 20%. Attach a schedule, by company.
modification. The FDII must be recalculated to exclude the gross

0405-6100i Rev 01/01/24 - page 13

- 14 -

royalties accrued or received from foreign corporations that the
taxpayer claimed an 80% deduction for on Schedule H, line 6e of
Alaska Form 6150. The department does not allow a deduction for
the global intangible low-taxed income (GILTI) component of IRC
section 250.

Line 8: Enter apportionment factor from Schedule I, line 14.

Line 9: Multiply line 7 times line 8 to calculate apportioned income.

Note: Alaska Regulation15 AAC 20.421(b)(2) requires that general
overhead and administrative expenses be assigned to the other
business segment.

Schedule I – 1 Petroleum Business and Schedule I – 2
Other Business

Modified apportionment factors are applied to Petroleum Business
income. Use Schedule I-1 to report the apportionment factors of the
Petroleum Business. See instructions for Schedule I on page 10.

Standard apportionment factors are applied to Other Business
income. Use Schedule I-2 to report the apportionment factors of
the Other Business segment.

Note that the list of taxpayers listed on Schedules I-1 or I-2 must
match the list of taxpayers listed on Schedule B, plus the taxpayer
named on page 1 of the tax return.

Alaska Items

Capital gains, charitable contributions and dividends-received
deduction require special treatment. They must be calculated and
apportioned separately for the Petroleum Business and the Other
Business segments.

Schedule J is used to calculate separately apportioned capital and
1231 gains and losses.

Schedule K is used to calculate separately apportioned charitable
contribution amounts limited by the unitary group income. Line 10
of this schedule should be carried forward to Schedule F, line 3b.

Schedule L calculates the Alaska dividends-received deduction.
The deduction is limited by taxable income under IRC Section
246. Separately calculate the allowable DRD for the Petroleum
Business and the Other Business, using the worksheet in Appendix
B. Total the allowable DRD from the Petroleum Business and the
Other Business, and enter the total on Schedule F, line 3c.

0405-6100i Rev 01/01/24 - page 14

- 15 -

Appendix A – Form 6100

Worksheet for Charitable Contribution Deduction
Taxable income for deduction limitation
(Schedule K, line 8)

1. Enter sum of Schedule G, lines 8–10a, but not less than zero
2. Enter amount of capital loss carryback utilized included in Schedule J, line 14
3. Taxable income before charitable contribution, capital loss carryback, and net operating loss. Add lines 1-2
4. Is there a Net Operating Loss carryforward available to reduce taxable income in the current year? Yes No
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
to net operating loss
5. NOL carryforward utilized from Form 6385, line 4h. Enter as a positive number
6. Taxable income before charitable contribution, capital loss carryback, after NOL carryforward. Subtract line 5 from line 3, but
not less than 0
7. Multiply line 3 by 10%
8. Multiply line 6 by 10%
9. Enter amount from Schedule K, line 7
If line 9 is less than line 8, STOP. Charitable contributions are fully deductible, and there is no charitable contribution carryover.
Enter the amount from line 6 on Schedule K, line 8. If line 9 is more than line 8, complete remainder of worksheet
10. Enter lesser of line 9 or line 8
11. Subtract line 10 from line 9. If less than zero, enter 0
12. Subtract line 8 from line 7
13. Enter lesser of line 11 or 12. This is the amount of charitable contributions converted to NOL
14. Subtract line 13 from line 11. This is the portion of the unallowed charitable contributions that is carried over as charitable
contributions

0405-6100i Rev 01/01/24 - page 15

- 16 -

Appendix B – Form 6100

Worksheet for Dividends-Received Deduction (DRD)

A B
1a. Enter sum of lines Schedule G, lines 8–10b (taxable income before DRD)
1b. Enter amount from Schedule L, line 9 (DRD without limitation)
1c. Subtract line 1b from line 1a. If < 0, STOP. Enter amount from Schedule L, line 9 on
Schedule G, line 10c
2. Add back capital loss carryback amount included in Schedule J, line 9
3. Add lines 1a and 2. If < 0, STOP. Enter amount from Schedule L, line 9 on Schedule G,
line 10c
4. Enter in worksheet columns A and B, the amount from Schedule L, line 8a, column C
(attributable to dividends qualifying for 100% DRD)
5. Subtract line 4 from line 3, but not less than zero
6. Multiply line 5 by 65%
7. Enter amount from Schedule L, line 8b column C, plus the amount from Schedule L, line
8d column C, plus the amount from Schedule L, line 8f column C that is attributable to
dividends from 20%-or-more owned corporations
8. Enter in worksheet columns A and B, the smaller of line 6 or line 7. If line 7 is greater than
line 6, stop here
9. Enter amount from Schedule L, line 8b column A, plus the amount from Schedule L, line
8d column A, plus the part of the dividends on Schedule L, line 8f column A from 20%-or-
more-owned corporations which are eligible for a DRD
10. Subtract line 9 from line 5, but not less than zero
11. Multiply line 10 by 50%
12. Subtract Schedule L, line 8a column C from Schedule L line 9
13. Subtract line 7 from line 12
14. Enter in columns A and B, the smaller of line 11 or line 13
15. Dividends-received deduction after limitation. Add amounts in column B. Enter the
result here and on Schedule G, line 10c

0405-6100i Rev 01/01/24 - page 16

- 17 -

Appendix A – Form 6150

Worksheet for Charitable Contribution Deduction
Taxable income for deduction limitation
(Schedule K, line 8)

1. Enter sum of Schedule F, lines 1–2 column C, plus line 3a (taxable income before charitable contribution), but not less than
zero
2. Enter amount of capital loss carryback utilized included in Schedule J, line 14
3. Taxable income before charitable contribution, capital loss carryback, and net operating loss. Add lines 1-2
4. Is there a Net Operating Loss carryforward available to reduce taxable income in the current year? Yes No
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
to net operating loss
5. NOL carryforward utilized from Form 6385, line 4h. Enter as a positive number
6. Taxable income before charitable contribution, capital loss carryback, after NOL carryforward. Subtract line 5 from line 3, but
not less than 0
7. Multiply line 3 by 10%
8. Multiply line 6 by 10%
9. Enter amount from Schedule K, line 7
If line 9 is less than line 8, STOP. Charitable contributions are fully deductible, and there is no charitable contribution carryover.
Enter the amount from line 6 on Schedule K, line 8. If line 9 is more than line 8, complete remainder of worksheet
10. Enter lesser of line 9 or line 8
11. Subtract line 10 from line 9. If less than zero, enter 0
12. Subtract line 8 from line 7
13. Enter lesser of line 11 or 12. This is the amount of charitable contributions converted to NOL
14. Subtract line 13 from line 11. This is the portion of the unallowed charitable contributions that is carried over as charitable
contributions

0405-6100i Rev 01/01/24 - page 17

- 18 -

Appendix B – Form 6150

Worksheet for Dividends-Received Deduction (DRD)

A B
1a. Enter sum of Schedule F, lines 1–2 column C, plus Schedule F, lines 3a–3b (taxable
income before DRD)
1b. Enter amount from Schedule L, line 9 (DRD without limitation)
1c. Subtract line 1b from line 1a. If < 0, STOP. Enter amount from Schedule L, line 9 on
Schedule F, line 3c
2. Add back capital loss carryback amount included in Schedule J, line 14
3. Add lines 1a and 2. If < 0, STOP. Enter amount from Schedule L, line 9 on Schedule F,
line 3c
4. Enter in worksheet columns A and B, the amount from Schedule L, line 8a, column C
(attributable to dividends qualifying for 100% DRD)
5. Subtract line 4 from line 3, but not less than zero
6. Multiply line 5 by 65%
7. Enter amount from Schedule L, line 8b column C, plus the amount from Schedule L, line
8d column C, plus the amount from Schedule L, line 8f column C that is attributable to
dividends from 20%-or-more owned corporations
8. Enter in worksheet columns A and B, the smaller of line 6 or line 7. If line 7 is greater than
line 6, stop here
9. Enter amount from Schedule L, line 8b column A, plus the amount from Schedule L, line
8d column A, plus the part of the dividends on Schedule L, line 8f column A from 20%-or-
more-owned corporations which are eligible for a DRD
10. Subtract line 9 from line 5, but not less than zero
11. Multiply line 10 by 50%
12. Subtract Schedule L, line 8a column C from Schedule L line 9
13. Subtract line 7 from line 12
14. Enter in columns A and B, the smaller of line 11 or line 13
15. Dividends-received deduction after limitation. Add amounts in column B. Enter the
result here and on Schedule F, line 3c

0405-6100i Rev 01/01/24 - page 18

PDF file checksum: 1538911867

(Plugin #1/9.12/13.0)