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Alaska Mining License Tax Return (Short Form)
Extracted from PDF file 2023-alaska-form-662sf.pdf, last modified October 2022Mining License Tax Return (Short Form)
Form Alaska Mining License Tax Return Short Form 662SF Attention: All returns and reports must be filed electronically. In order to file on this paper form, you must have a previously approved Waiver of Electronic Filing (Form 773). Otherwise you may be subject to a penalty. See instructions for additional information. Taxpayer Name (Name must be the same as on the mining license application) Mining License Number EIN or SSN Enter tax period year-end Business Name (dba) Business Phone Number Month/Day ________________ Mailing Address Check if new address City State Year ________________ Return Information (Check if it applies): Amended Return (Attach explanation) ZIP Code Email Address Contact Name Title Contact Phone Note: This form may only be used if the taxpayer has only one mining operation and no non-mining expenses. Otherwise, use Form 662 (long form). Income (Report all income and expenses in U.S. dollars) 1. Gross income from mining operation . . . . . . . . . . . . . . . . . . . 1 2. Royalties received (from Schedule C, line 2) . . . . . . . . . . . . . . . . . 2 3. Total income from mining operation (add line 1 and 2) . . . . . . . . . . . . . . 3 Expenses (No deduction, except depletion, is allowed against royalty income on line 2) 4. Royalties paid (from Schedule B, line 3) 5. Fuel and oil 6. Maintenance and repairs 7. Salaries and wages . 8. . . . . . . . . . . . . . . . . . . . . . . 4 . . . . . . . . . . . . . . . . . . . . . . 5 . . . . . . . . . . . . . . . . . . . . . . 6 . . . . . . . . . . . . . . . . . . . . . . . 7 Transportation costs . . . . . . . . . . . . . . . . . . . . . . . . 8 9. Depreciation expense . . . . . . . . . . . . . . . . . . . . . . . 9 10. Other expenses (attach schedule) . . . . . . . . . . . . . . . . . . . . 10 11. Total expenses (add lines 4 through 10) . . . . . . . . . . . . . . . . . . 11 12. Net income before depletion (subtract line 11 from line 3) . . . . . . . . . . . . . 12 . . . . . . . . . . . . . 13 14. Taxable income before exemption for new mining operation (subtract line 13 from line 12) . . . . 14 15. Exemption for new mining operation (see instructions) . . . . . . . . . . . . . . 15 16. Net taxable income (subtract line 15 from line 14) . . . . . . . . . . . . . . . . 16 17. Tax (see instructions) . . . . . . . . . . . . . . . . . . 17 18. Exploration incentive credit (attach Form 665) . . . . . . . . . . . . . . . . . 18 19. Mining license tax education credit (from Form 662, Schedule EC, line 4) . . . . . . . . . 19 20. Tax before other credits (subtract lines 18 and 19 from line 17) . . . . . . . . . 20 21. Film production tax credit (cannot exceed line 20. Attach certificate or explanation of carry forward) . . 21 22. Amount paid with extension . . . . . . . . . . . . . . . . . 22 23. Amended returns only. Amount previously paid . . . . . . . . . . . . . . . . 23 24. Net tax due or (overpayment) (subtract lines 21, 22, and 23 from line 20) . . . . . . . . . 24 13. Depletion expense (from Schedule A, line 16) . . . . . . . . . . . . . . . . . . 0405-662SF 10-13-22 - Page 1 Form 662SF Alaska Mining License Tax Return Short Form Taxpayer Name EIN or SSN Mining License Number Schedule A Cost Depletion Calculation 1. Cost or basis of mining property (less residual value) . . 1 2. Estimated recoverable units at beginning of tax year (include units previously produced, but not sold) . 2 3. Unit cost (divide line 1 by line 2) . . . . . . . . . . . . . . . . . . . . . . Number of units sold this tax period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4. 5. Cost depletion deduction (multiply line 3 by line 4). . . . . . . . . . . . . . . . . 5 Schedule A Percentage Depletion Calculation 4 6. Total income from mining operation (from page 1, line 3) . . . . . . . . . . . . . . 6 7. Royalties paid (from Schedule B, line 3) . . . . . . . . . . . . . . . . . . . . 7 8. Depletion base (line 6 minus line 7) . . . . . . . . . . . . . . . . . . . . 8 9. Applicable depletion percentage (see instructions) . . . . . . . . . . . . . . . . 9 . . . . . . . . . . . . . . . . 10 Total income from mining operation (from page 1, line 3) . . . . . . . . . . . . . . 11 . 10. Percentage depletion (multiply line 8 by line 9) . 11. . 12. Total expenses (from page 1, line 11) . . . . . . 13. Net income before depletion (line 11 minus line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 14. Limitation (multiply line 13 by 50%) . . . . . . . . . . . . . . . 14 15. Enter amount from line 10 or line 14, whichever is less . . . . . . . . . . . . . . . 15 16. Depletion deduction (enter amount from line 5 or 15, whichever is greater, here and on page 1, line 13) . 16 . . . . . . 13 Schedule B Royalties Paid (See instructions. Report in U.S. dollars) Name and Address of Each Lessor Federal ID 1 FEIN Amount Paid SSN Name Mailing Address City Federal ID FEIN State ZIP Code $ State ZIP Code $ SSN Name 2 Mailing Address City 3 $ Total royalties paid. Add amounts paid and enter here and on page 1, line 4 Schedule C Royalties Received (See instructions. Report in U.S. dollars) Name and Address of Each Lessee Federal ID FEIN Amount Received SSN Name 1 Mailing Address City 2 State Total royalties received. Add amounts received and enter here and on page 1, line 2 ZIP Code $ $ I declare under penalty of perjury that this return, including all accompanying schedules and statements, has been examined by me and to the best of my knowledge and belief is a true, correct, and complete return. Signature Printed Name and Title Date 0405-662SF 10-13-22 - Page 2
Form 662SF
More about the Alaska Form 662SF Other Tax Return TY 2023
We last updated the Mining License Tax Return (Short Form) in February 2024, so this is the latest version of Form 662SF, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 662SF directly from TaxFormFinder. You can print other Alaska tax forms here.
Related Alaska Other 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 662SF.
| Form Code | Form Name |
|---|---|
| Form 662SFi | Mining License Tax Return (Short Form) 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 662SF from the Department of Revenue in February 2024.
Form 662SF is an Alaska Other form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
Historical Past-Year Versions of Alaska Form 662SF
We have a total of three past-year versions of Form 662SF 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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