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Alaska Federal-based Credits
Extracted from PDF file 2023-alaska-form-6390.pdf, last modified September 2023Federal-based Credits
Form Alaska Federal-Based Credits 6390 EIN 2023 Name Shown on Return Part I Current Year Credit for Credits Not Allowed Against Alaska Alternative Minimum Tax non-passive passive General Business Credits (not specified credits, not eligible small business) 1. Federal general business credit from a non-passive activity from federal Form 3800, Part III, line 2, column e . . . . . . . . . . . . . . . . . . . . . . . 2a. Federal investment credit from a non-passive activity not allowable for Alaska (see instructions) . . . . . . . . . . . . . . . . . . . . . . . 2a 2b. Other federal general business credits not allowable for Alaska (see instructions) . 2b 2c. Add lines 2a–2b . . 1 . 2c 3. Federal general business credit from a non-passive activity applicable to Alaska. Subtract line 2c from line 1 . . . . . . . . . . . . . . . . . . . . . . . 3 4. Applicable general business credit from a passive activity allowed. Enter amount from Form 6395, line 17 . . . . . . . . . . . . . . . . . . . . . . . 4 5. Total current federal general business credit applicable to Alaska. Add lines 3 and 4. . . 5 6. Apportionment factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7. Multiply line 5 by line 6 . . . . . . . . . . . . . . . . . . . . . . 7 8. Total current apportioned general business credit. Multiply line 7 by 18% . . . . . . 8 9. Alaska carryforward of general business credit . . . . . . . . . . . . . . 9 . . . . . . . . . . . . . 10 11. Apportioned general business credit before limitation. Add lines 8–10 . . . . . . . 11 12a. Alaska regular tax from Schedule D, line 2 of Form 6000, 6100 or 6150 . . . . 12b. Alaska incentive credits allowed against regular tax (see instructions) . . . . . 10. Alaska carryback of general business credit . . Part II Allowable Credit (see instructions) 12a 12b 12c. Alaska regular tax after Alaska incentive credits. Subtract line 12b from line 12a. If less 12c than zero, enter -0- . . . . . . . . . . . . . . . . . . . . . . . 13a. Net Alaska alternative minimum tax (see instructions) . . . . 13a 13b. Alaska incentive credits allowed against net Alaska alternative minimum tax . . . 13b 13c. . . . . . . Net Alaska alternative minimum tax after Alaska incentive credits. Subtract line 13b from 13c line 13a . . . . . . . . . . . . . . . . . . . . . . . . . . 14. Net Alaska income tax. Add lines 12c and 13c . . . . . . . . . . . . . . 14 15. Enter 25% (.25) of the excess, if any, of line 12c over $4,500 . . . . . . . . . . 15 0405-6390 Rev 01/01/24 - page 1 Form 6390 EIN 2023 Page 2 Name Shown on Return 16. Subtract line 15 from line 12c. If zero or less, enter -0- . . . . . . . . . . . . 16 17. Enter the smaller of line 11 or line 16 . . . . . . . . . . . 17 18. Federal “specified credits” from a non-passive activity from federal Form 3800, Part III, line 5, column e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . passive non-passive 19a. Federal investment credit from a non-passive activity not allowable for Alaska ESB nonpassive specified credits “specified credits” not eligible small business Part III Current Year Credit for Credits Allowed Against Alaska Alternative Minimum Tax . 18 19a . 19b. Employer social security and medicare taxes paid on certain employee tips from fed19b eral Form 3800, Part III, line 4f, column e . . . . . . . . . . . . . . 19c. Other federal “specified credits” not allowable for Alaska (see instructions) . . . 19d. Add lines 19a–19c . . . . . . . . . . . . . . . 20. Federal “specified credits” from a non-passive activity applicable to Alaska. Subtract line 19d from line 18 . . . . . . . . . . . . . . . . . . . . . . 21. Applicable “specified credits” and eligible small business credits from a passive activity allowed. Enter amount from Form 6395, line 18 . . . . . . . . . . . . . . 21 22. Total. Add lines 20 and 21 . . . . . . . . . . . . . . . . . . . . . 22 23. Apportionment factor . . . . . . . . . . . . . . . . . . . . . 23 24. Multiply line 22 by line 23 . . . . . . . . . . . . . . . . . . . . . 24 25. Total current apportioned “specified credits.” Multiply line 24 by 18% . . . . . . . 25 . . . . . 26a . . . . . 26b 26a. Alaska carryforward of “specified credits” (non-passive) . . . . . . . . 26b. Alaska carryforward of eligible small business credits (non-passive) 26c. Add lines 26a–26b . . . . . . . . . . . . . . 27. Alaska carryback of “specified credits” (non-passive) . . . . . . . . . . 28. Add lines 25, 26c, and 27 . . . . . . . . . . . . . . . . . . . . . . . . . . 19d . . . 19c . . . . 20 26c 27 . . 28 0405-6390 Rev 01/01/24 - page 2 Form 6390 EIN 2023 Page 3 Name Shown on Return Part IV Tax Limitation 29a. Net Alaska income tax. Enter amount from line 14 . . . . . . . . . . . . 29a 29b. Enter amount from line 15 . . . . . . . . . . . . . . . . . . . 29b . . . . . . . . . . . . . . . . . . . 29c . . . . . . . . . . . . . . . . . . . 30 31. Limitation. Subtract line 30 from line 29c . . . . . . . . . . . . . . . . 31 32. Enter the smaller of line 28 or line 31 . . . . . . . . . . . . . . . . . 32 . 29c. Subtract line 29b from line 29a 30. Enter amount from line 17 . . . 33. Credit allowed for the current year. Add lines 17 and 32. Enter here and on Form 6000, 33 6100, or 6150, Schedule A, line 8 . . . . . . . . . . . . . . . . . . . 0405-6390 Rev 01/01/24 - page 3
Form 6390
More about the Alaska Form 6390 Corporate Income Tax Tax Credit TY 2023
Federal-based Credits
We last updated the Federal-based Credits in February 2024, so this is the latest version of Form 6390, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 6390 directly from TaxFormFinder. You can print other Alaska tax forms here.
Related Alaska Corporate Income Tax Forms:
TaxFormFinder has an additional 30 Alaska income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Alaska Form 6390.
| Form Code | Form Name |
|---|---|
| Form 6390i | Federal-based Credits Instructions |
View all 31 Alaska Income Tax Forms
Form Sources:
Alaska usually releases forms for the current tax year between January and April. We last updated Alaska Form 6390 from the Department of Revenue in February 2024.
Form 6390 is an Alaska Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Alaska Form 6390
We have a total of eleven past-year versions of Form 6390 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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