Alaska Form 6100 (Formerly Form 650) and Form 6150 (Filed Under 15 AAC 20.241 (c)) Alaska Oil and Gas Corporation Net Income Tax Return Instructions

Form 6100 (Formerly Form 650) and Form 6150 (Filed Under 15 AAC 20.241 (c)) Alaska Oil and Gas Corporation Net Income Tax Return Instructions
Form 6100i
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
What’s New .............................................................................. 2
If You Need Help ...................................................................... 2
Avoid Common Mistakes .......................................................... 2

GENERAL INSTRUCTIONS
Who Must File .......................................................................... 3
Which Form to Use ................................................................... 3
Sub-Chapter S Corporation (S Corporation) ............................ 3
Partnership ............................................................................... 3
Limited Liability Company (LLC) .............................................. 4
Exempt Organization................................................................. 4
Return Due Dates ..................................................................... 4
Extension of Time to File .......................................................... 4
Payment Due Dates.................................................................. 4
Where to Send Return .............................................................. 4
Who Must Sign.......................................................................... 4
Paid Preparer Authorization ..................................................... 4
Estimated Tax Payments .......................................................... 5
Quick Refund ............................................................................ 5
Filing a Consolidated Return .................................................... 5
Adoption of the Internal Revenue Code (IRC) .......................... 5
Attachment of Federal Return .................................................. 5
Combined Report ..................................................................... 6
Unitary Group or Unitary Business ........................................... 6
Allocation and Apportionment of Income .................................. 6
Combined Affiliates Having Different Accounting Periods ........ 6
Real Estate Investment Trusts (REITs) .................................... 6
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
Protective Claim ....................................................................... 7
Late Filing of Return ................................................................. 7
Late Payment of Tax ................................................................. 7
Voluntary Disclosure Program .................................................. 8
Disclaimers ............................................................................... 8

Schedule K – Alaska Charitable Contribution Deduction ....... 12
Schedule L – Alaska Dividends-Received Deduction (DRD)... 12

FORM 6150
UNITARY BUSINESS NOT PREDOMINANTLY A
PETROLEUM BUSINESS
Taxpayer Identification ............................................................ 12
Schedule B – Alaska Taxpayer Information ............................ 12
Schedule F – Petroleum and Other Unitary
Business Taxable Income ....................................................... 13
Schedules G and H – Petroleum and Other Business
Income .................................................................................... 13
Schedule I – 1 Petroleum Business and Schedule I – 2
Other Business ....................................................................... 14
Alaska Items – Schedules J, K & L ......................................... 14
APPENDICES
Form 6100
Appendix A – Worksheet for Charitable Contribution
Deduction................................................................................ 15
Appendix B – Worksheet for Dividends-Received
Deduction (DRD)..................................................................... 16
Form 6150
Appendix A – Worksheet for Charitable Contribution
Deduction................................................................................ 17
Appendix B – Worksheet for Dividends-Received
Deduction (DRD)..................................................................... 18

HELPFUL TIP: Many tax return errors can be avoided by
filing your corporate tax return using Revenue Online at:
https://online-tax.alaska.gov
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

TAX RATE TABLE
(tax years beginning on or after 8/26/13)
(1)
At Least
-0-

(2)
But Less
Than
25,000

25,000

49,000

-0-

2%

25,000

49,000

74,000

480

3%

49,000

74,000

99,000

1230

4%

74,000

99,000

124,000

2230

5%

99,000

124,000

148,000

3480

6%

124,000

148,000

173,000

4920

7%

148,000

173,000

198,000

6670

8%

173,000

198,000

222,000

8670

9%

198,000

10830

9.4%

222,000

222,000 or more

(3)
Your Tax is

(4)
Plus

-0-

-0-

(5)
Of The
Amount Over
-0-

There are two ways to file an Alaska corporate income tax return:
•	 MeF Modernized E-File allows you to file your state return in
conjunction with your federal tax return processing. This method
requires the use of approved tax preparation software.
•	 Revenue Online is the state portal for electronic filing. ROL
provides for Standard Filing as well as Expedited Filing.
To use Expedited Filing, you must log on to your Revenue Online
account and answer a short list of questions. If the corporation
does not qualify for Expedited Filing, Revenue Online will lead you
through a complete Form 6100 Alaska Oil and Gas Corporation Net
Income Tax Return.

WHAT’S NEW
Alternative Minimum Tax (AMT). The Inflation Reduction Act
reintroduced a corporate AMT tax for tax years beginning after
12/31/2022. Corporations must determine whether they are
subject to the new AMT and calculate AMT if applicable. See the
instructions for Schedule E, line 1a.
Appendix A: The department updated line 5 of the Worksheet for
Charitable Contribution Deduction from available net operating loss
carryforward to utilized net operating loss carryforward. This will
also change the calculation of Schedule K, line 8.
Appendix B: Dividends-Received Deduction Worksheet.
DOR updated lines 1 through 3 of the worksheets.

Note: The DOR will not grant a waiver if a corporation is subject to
such federal electronic filing requirements. The DOR will not grant
a waiver for use of tax software that does not support electronic
filing of Alaska returns.

If You Need Help
If you have questions, need additional information or require other
assistance, please call:
Juneau: 907-465-2320
Anchorage: 907-269-6620
Current tax forms and instructions are available online at:
www.tax.alaska.gov.

Avoid Common Mistakes

The

Relief from additions to tax for underpayments. Corporations
may exclude AMT tax liability when calculating the required
quarterly estimated tax payment on Form 6220 for the tax year that
begins after 12/31/2022 and for the tax year that begins prior to
01/01/2024. See Form 6220 instructions, line 1.

To facilitate the processing of the return, be sure to do the
following:
1)

• 	 If the corporation is claiming any carryover items (net
operating losses, capital losses, etc.), make sure your
tax software supports Form 6385. Failure to fill out and
transmit Form 6385 may result in denial of associated tax
attributes.

Form 6390 and 6395. The DOR updated Alaska Forms 6390 and
6395 to support the redesign of federal Form 3800 and to report
AMT.

Electronic Filing Requirement

•	 If the corporation is claiming any federal credits or state
incentive credits, make sure your tax software supports
the relevant forms (such as Forms 6310, 6327, 6390,
6395). Failure to fill out and transmit required forms may
result in denial of associated credits.

Effective July 1, 2016, a taxpayer is required to electronically file
any return or report, unless a waiver is granted by the Department
of Revenue (DOR). Amended returns for tax periods ending after
July 1, 2016 are required to be electronically filed and fall under
the definition of a “return”. Failure to file electronically may result
in a penalty. The penalty is (the greater of) $25 or 1% of the total
tax due before application of payments. (See AS 43.05.045 and AS
43.05.220(f).)
A taxpayer may apply for a waiver if the taxpayer does not have the
capability to file electronically. A waiver may be requested by filing
Form 773 Electronic Filing Waiver Application, at least 30 days
before the due date of the tax return. It is not necessary to request
a waiver for any tax return for which the DOR does not provide
an electronic filing methodology, such as Form 6230 Application
for Quick Refund of Overpayment of Estimated Tax, or Form 6750
Application for Voluntary Disclosure. Effective February 10, 2018,
the DOR requires Form 6900 Partnership Information Return to be
filed electronically.

MeF Filers. If you are filing a return using Modernized E-File,
avoid common errors:

•	 Make sure that Schedule I shows factor numerators, by
corporation, net of eliminations. Do not list an “elimination
company.”
•	 Remember to attach a pdf to your submission for the
following:
o Form 7004 to support your extension.
o Required statement for other additions/subtractions.
o Required statement for any nonbusiness items.
2)

Form 6100 is for use by taxpayers whose unitary business is
“predominantly petroleum,” as defined in Alaska Regulation
15 AAC 20.421(a). If the taxpayer’s unitary business is not
“predominantly petroleum,” but subject to AS 43.20.144, use
Form 6150.
0405-6100i Rev 01/01/24 - page 2

3)

4)

5)

The worldwide combined reporting method is mandatory in
Alaska for all oil and gas corporations. A separate-company
Alaska return is not permitted. Do not file using a water’s edge
combined reporting method. (See page 6 “Combined Report”
and page 6 “Unitary Group or Unitary Business.”)
If this taxpayer and one or more other Alaska taxpayers
are included in a consolidated federal return, these same
taxpayers must file a consolidated Alaska return, if they are
part of the same unitary group.
File with the correct taxpayer name. If the Alaska taxpayer is
a member of a federal consolidated group, then the name on
the Alaska return will often be different than the name on the
federal return. See specific instructions on page 8 regarding
taxpayer identification. Unless the corporation changed its
name, enter the name as it appeared in the prior return. If the
name on this return is different from the name reported on the
prior return, then complete question 4 of Schedule B.

6) Provide the name, email address, and phone number of
a contact person who can answer any question that the DOR
may have regarding the tax return. This must be an officer or
employee who is authorized to answer any such questions.
Generally, the DOR cannot discuss taxpayer information with
an outside party unless there is a Power of Attorney. See “Paid
Preparer Authorization” on page 4.
7)

8)

9)

If this is a consolidated Alaska return, then you must complete
Schedule B, listing all members of the Alaska consolidated
group, except the taxpayer listed on page 1. Do not list all
members of the federal consolidated group, unless all of
those corporations have nexus in Alaska. The requirement for
Schedule B is not fulfilled by attaching federal Form 851 data.
Attach a schedule as required by the forms. Schedules
providing detail, by company, are required as explained in the
instructions. Attaching complete schedules will ensure a valid
filing and prevent unnecessary correspondence with the DOR.
Be sure that attached schedules are properly referenced and
agree to the totals reported on the form.
Attach a copy of the signed federal income tax return of the
taxpayer as filed with the Internal Revenue Service (IRS). Do
not attach a pro-forma return. Send only the portions of the
federal return specified in the instructions on page 5 if the
federal return exceeds 50 pages.

10) The numerator values on Schedule I lines 1, 5, and 9 must
be listed for each nexus corporation net of any intercompany
eliminations. Do not list a separate elimination company.

GENERAL INSTRUCTIONS
Who Must File
Every corporation engaged in either oil and gas production or
transportation of oil or gas via regulated pipeline in the state must
file an Alaska Oil and Gas Corporation Net Income Tax Return.
Nexus, sometimes referred to as “doing business” within the state,
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
employees or agents, or through its interest in a partnership or
limited liability company.

Nexus-creating activities may include, but are not limited to:
1)	 owning or using property in the state, including leased or mobile
property;
2) presence of employees in the state for business purposes,
including telework;
3) making sales into the state; or
4)	 the generation of income from sources within the state without
regard to whether there is a physical presence in the state.

Which Form to Use
Form 6100 (or the associated Form 6150) is required for any
taxpayer engaged in the production of oil or gas from a lease or
property in the state, or which owns an interest in a regulated
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
combined reporting, and are required to file Form 6000 Alaska
Corporation Net Income Tax Return.
Form 6100 is used by taxpayers whose unitary business is
“predominantly petroleum,” as defined in Alaska Regulation
15 AAC20.421(a). If the taxpayer’s unitary business is not
“predominantly petroleum,” use Form 6150.

Sub-Chapter S Corporation (S Corporation)
An S Corporation doing business in Alaska is required to file
an Alaska return, but Alaska does not impose a tax on the S
Corporation for pass-through items of income. Generally, an S
Corporation will satisfy its filing requirement by filing Form 6100
(page 1 only) checking the “S Corporation” box on page 1. Do
not report amounts on Schedule A (or any other pages), unless a
corporate-level tax is applicable. Attach a copy of pages 1 through
5 of the federal Form 1120S.
Alaska imposes both the federal excess net passive income tax
and the corporate-level tax on built-in gains. These taxes are
calculated at the highest Alaska marginal tax rate of 9.4%. If
corporate-level taxes are imposed, attach copies of the schedules
and forms calculating the federal tax and the Alaska tax. Enter the
corporate-level taxes on Form 6100, Schedule E, line 6, or Form
6150, Schedule E, line 7, as appropriate.

Partnership
A partnership doing business in the state, having one or more
corporations in the ownership chain, must file Form 6900 Alaska
Partnership Information Return along with supporting schedules
and a copy of the signed federal Form 1065, pages 1–5.
The partnership return is due 30 days after the federal due date of
the Form 1065. See separate instructions for Form 6900.
Note that partnership income and factors are attributed to, and
combined with, the income and factors of the corporate partner.
Please see Alaska Regulation 15 AAC 20.320 for further information.
Caution: A Publicly Traded Partnership (PTP) is generally taxed
as a corporation, and so must file an Alaska corporate income tax
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

Limited Liability Company (LLC)

Payment Due Dates

An LLC doing business in the state must file an Alaska tax return
consistent with its federal tax status. If the LLC is characterized
as a corporation for federal income tax purposes, the LLC must
file a tax return in accordance with the instructions applicable to
corporations. An LLC with corporate member(s) characterized as
a partnership for federal income tax purposes, must follow the
instructions applicable to partnerships, above.

As with filing due dates, the payment due dates depend on whether
the taxpayer is a C Corporation, an S Corporation, or a special
entity such as an Exempt Organization or Cooperative. There are
also special rules for tax years that end in June.

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
tax under the IRC. If the organization files federal Form 990-T to
report Unrelated Business Taxable Income (UBTI) with the IRS,
the organization must complete the Alaska corporation income
tax return reporting the taxable income or loss and calculate
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
required to file Form 990-T.

Return Due Dates
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.
Thus, the due date is not necessarily the 15th day of the month
following the federal due date.
Alert: Federal law assigns the due date on whether the taxpayer
is a C Corporation, an S Corporation, or a special entity such as
an Exempt Organization or Cooperative. There are also special
rules for tax years that end in June. In addition, the time period
for (federal) extensions of time to file has also changed, for some
returns. (See Extension of Time to File below.)
The due dates for filing Alaska corporate income tax returns
(months after the end of the tax year) are as follows:
• C Corporations, generally
Filing due date: 15th of the fifth month
Extended due date: 15th of the eleventh month
•	 C Corporations, tax year ending in June, 20x1
Filing due date: October 15, 20x1
Extended due date: May 15, 20x2
•	 Corporations (all tax years)
Filing due date: 15th day of the fourth month
Extended due date: 15th day of the tenth month
•	 Exempt Organizations (all tax years)
Filing due date: 15th day of the sixth month
Extended due date: 15th day of the twelfth month

Extension of Time to File
A federal extension automatically extends the Alaska filing due
date to 30 days after the federal extended due date. This is also
true if the IRS extends a due date because of an event such as a
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.
An extension of time to file is not an extension of time to pay.

Payment due dates (months after the end of the tax year) are as
follows:

•	 C Corporations, tax year ending in June, 20x1:
o September 15, 20x1
•	 S Corporations (all tax year-ends):
o 15th of the third month
•	 Exempt Organizations (all tax year-ends):
o 15th day of the fifth month
•	 Cooperatives (all tax year-ends):
o 15th day of the ninth month
See instructions for “Estimated Tax Payments” on page 5, and
“Payment of Tax” on page 7.

Where to Send Return
Mail the return with attachments to:
TAX DIVISION
ALASKA DEPARTMENT OF REVENUE
PO BOX 110420
JUNEAU AK 99811-0420
Note: filing a paper return may result in assessment of penalties for
failure to file electronically. See electronic filing requirement above.

Who Must Sign
The return must be signed by an authorized officer of the
corporation.

Paid Preparer Authorization
If the corporation wants to allow the DOR to discuss its tax return
with the paid preparer who signed it, check the applicable box in
the signature area of the return. This authorization applies only to
the preparer whose signature appears at the bottom of the return.
It does not apply to the firm.
If the applicable box is checked, the corporation is authorizing
the DOR to call the paid preparer to answer any questions that
arise during the processing of the return. The corporation is also
authorizing the paid preparer to:
1) Call the DOR for information about the processing of the return
or the status of any related refund or payment(s), and
2)

Respond to certain DOR notices about math errors, offsets,
and return preparation.

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

The corporation is not authorizing the paid preparer to receive
any refund check, bind the corporation to anything (including any
additional tax liability), or otherwise represent the corporation
before the DOR.
If the corporation wants to revoke the authorization, it must file a
Form 774 Power of Attorney.

Estimated Tax Payments
Payment of estimated tax is required as provided under IRC
Section 6655. A corporation failing to pay the proper estimated tax
when due will be subject to an underpayment penalty for the period
of underpayment. If the corporation is relying on the Adjusted
Seasonal Installment Method or the Annualized Income Installment
Method, Form 6220 must be completed and the applicable box on
Form 6220 must be checked. See separate instructions for Form
6220.

Quick Refund
A corporation that has overpaid its estimated tax for the tax year
may apply for quick refund if the overpayment is:
•	 At least 10% of the expected tax liability and
•	 At least $500
The corporation applies for the refund by completing Form 6230
Alaska Quick Refund of Estimated Tax. Filing Form 6230 does not
fulfill a corporation’s filing obligation.

Filing a Consolidated Return
Two or more Alaska taxpayers included in the same federal
consolidated return, who are in the same unitary business, must file
a consolidated Alaska return. Additionally, two or more taxpayers
may elect to file a consolidated return if they qualify to join in a
consolidated federal return, and are in the same unitary business.
Foreign corporations are treated as domestic corporations for
purposes of determining eligibility to file a consolidated Alaska
return. If any two taxpayers join in filing a consolidated Alaska
return, all eligible taxpayers must be included in the consolidated
return.
Alaska consolidated returns resemble, but do not mirror, the federal
consolidated return. In an Alaska consolidated return, the federal
consolidation rules are applied to construct the Alaska consolidated
items; namely capital gain net income, charitable contributions,
the dividends-received deduction, income tax, credits, and other
taxes. If a taxpayer is a member of a consolidated business, then
the taxpayer is required to determine its taxable income using the
worldwide combined method of reporting. (See “Combined Report”
below.) A consolidated business is a group of corporations in which
more than 50% common ownership of the group is owned, directly
or indirectly, by one or more corporate or non-corporate common
owner(s), or by one or more of the members of the group.
The taxable incomes of all taxpayers are then consolidated to
comprise the consolidated Alaska return.

Adoption of the Internal Revenue Code (IRC)
Under AS 43.20.021, Alaska adopts IRC Sections 1–1399 and
6001–7872, with full force and effect, unless excepted to or modified
by other provisions of Alaska law. In addition, AS 43.20.160 and

AS 43.20.300 require the DOR to apply, as far as practicable, the
administrative and judicial interpretations of the federal income tax
law.
Note that Alaska law does not adopt IRC Sections 1400–1400U,
which grant tax benefits for activities in certain geographic zones,
including those in “Enterprise Zones” and “Gulf Opportunity Zones.”
If the taxpayer qualifies for special federal treatment under these
code sections, this may require that the taxpayer to recompute
some federal-based credits or deductions, for Alaska purposes.

Attachment of Federal Return
The corporation filing the Alaska tax return must provide a complete
copy of its signed federal income tax return (Form 1120,
1120S,990-T, etc.). The copy must be of the return actually filed
with the IRS for the same tax year. If the Alaska return is based on
a combined report, then a copy of the federal return filed by any of
the members of the combined group must be attached.
A pro-forma return will not fulfill this requirement. Failure to
provide the required federal return(s) will result in the Alaska
return being deemed incomplete, and penalties may apply.
If Form 1120 is electronically filed, attach a copy of the appropriate
Form 8453 or Form 8879, which must show the signature.
Note: If the federal return exceeds 50 pages, a corporation may
submit the following portions of the required federal return in lieu of
the entire federal return:
1) A copy of pages 1 through 6 of federal Form 1120, pages 1
through 5 of Form 1120S, pages 1 through 7 of the Form 1120F,
etc. for the tax year.
2) If Form 1120 is electronically filed, attach a copy of the
appropriate Form 8453 or Form 8879 (signed), as filed with the
IRS.
3) If a consolidated federal return is filed, attach copies
of the schedules prepared for the computation of consolidated
taxable income. The schedules must show the separate taxable
incomes for each member of the federal consolidated group
with the consolidating eliminations and adjustments made to
arrive at consolidated taxable income.
4) Schedules M-3 and supporting schedules.
5) Schedule D and supporting schedules.
6) Form 4797 and supporting schedules.
7) Credits: If claimed on the Alaska return, include copies of Form
3800 with applicable supporting federal forms, and copies of
federal forms supporting any credits not reported on Form 3800.
8) Extension: Form 7004, if applicable.

Electronic Filing of Federal Return Information
Federal tax return information must be filed in digital file format
(see page 2). In limited circumstances, digital documents are
accepted in .pdf or .tif format, only on the following media: CDs,
DVDs, or thumb drives. All media must be physically labeled with
Taxpayer Name, EIN and tax year. If multiple discs or thumb drives
are used, they must be sequentially numbered. The federal tax
0405-6100i Rev 01/01/24 - page 5

return information should start with pages 1 through 6 of the federal
tax return filed with the IRS. The DOR does not accept pro-forma
returns.

Combined Report
Whenever two or more corporations are engaged in a unitary
business conducted within and outside Alaska, the members of
the unitary group that are Alaska taxpayers must apportion the
combined income of the group to measure their Alaska taxable
income. The worldwide combined reporting method is required for
all oil and gas corporations.

Unitary Group or Unitary Business
A business is unitary if the entities involved are under common
direction (formal or informal) and activities within and without the
state are contributory and complementary in nature, such that profits
of the group are inextricably related. Tests of unitary determination
include functional integration, centralized management, and
economies of scale.
Determination of whether the activities constitute a unitary trade or
business depends on the facts of each case. The following factors
are considered to be indications of a unitary trade or business, and
the presence of any of these factors creates a presumption that the
activities constitute a single trade or business.
1) Same type of business. Corporations are generally engaged in
a unitary trade or business when the activities are in the same
general line of business. For example, corporations that operate
a chain of retail grocery stores are almost always engaged in a
unitary business.
2) Steps in a vertical process. Corporations are engaged in a
unitary trade or business when engaged in different steps in a
vertically structured enterprise. For example, corporations that
explore for and mine copper ores, concentrate, smelt and refine
the copper ores, and fabricate the refined copper into consumer
products are engaged in a unitary trade or business regardless
of the fact that the various steps in the process are operated
substantially independently of each other and with only general
supervision from the executive offices.
3) Strong centralized management. Corporations that might
otherwise be considered as engaged in more than one trade
or business are engaged in one unitary trade or business when
there is strong centralized management. Some indications of
strong centralized management are:
(a)

he existence of centralized departments that perform
the normal functions that a truly independent business
would perform for itself, such as accounting, personnel,
insurance,legal, purchasing, advertising or financing; or

(b)

centralized executive officers who are involved in planning,
operations or coordination.

Allocation and Apportionment of Income
A taxpayer with business income attributable to sources within
and outside Alaska must apportion such income. To calculate the
apportionment factor, use Schedule I – Apportionment Factor.

Apportionment refers to the division of business income among
states by the use of an apportionment formula.
Allocation refers to the assignment of non-business income to a
particular state.
Alaska applies both the transactional and functional tests of
business income. Income resulting from transactions or activities
that are within the regular course of the taxpayer’s trade or
business are business income. Income from tangible or intangible
property is business income, if the acquisition, management, and
disposition of the property constitute integral parts of the taxpayer’s
regular trade or business. Income meeting either the functional or
the transactional test is business income. Income from transactions
or activity that is unusual or infrequent is not non-business income
solely because of the unusual or infrequent nature of the income,
activity, or transaction.
Non-business income is all income other than business income.

Combined
Periods

Affiliates

Having

Different

Accounting

The income of all affiliates included in a combined report must be
determined on the basis of the same accounting period. Generally,
the accounting period used in the return should be that of the
common parent. Where no common parent exists, the income of
the combined affiliates should be determined on the basis of the
taxpayer’s annual accounting period.
Generally, when it is necessary to convert an affiliate to the
annual accounting period of the taxpayer, an interim closing of the
books should be made for the members whose accounting period
differs from the common parent and/or taxpayer. If no substantial
misstatement of income results, a pro-rata conversion may be
used.

Real Estate Investment Trusts (REITs)
A REIT that meets the more than 50% ownership test is required
to be included in the combined group. The taxpayer may not claim
an Alaska dividends-received deduction for the REIT dividends
received, if the REIT income is included in the combined report net
of the dividends-paid deduction.

Public Law (P.L.) 86-272
If one member of an Alaska consolidated group claims protection
under P.L. 86-272, then that corporation will report no numerator
values for property, payroll, or sales. The corporation will still be a
member of the Alaska combined group. The corporation must be
correctly listed on Schedule B, and the appropriate box checked
to be considered as having made a protective Alaska filing. The
checkbox on page 1 under “Return Information” applies only to the
corporation named on page 1.

Insurance Companies
Alaska includes insurance companies in the combined group, with
apportionment factors calculated under Alaska Regulation 15 AAC
20.610. If an insurance company pays Alaska premium tax under
AS 21.09.210, then that company is exempt from corporate income
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

Payment of Tax
Payments can be conveniently made electronically using DOR’s
Revenue Online system. You may access this system at https://
online-tax.alaska.gov. If you are a first-time taxpayer, the system
will require you to register.
When an estimated tax payment is $100,000 or greater, or a
payment with a return is $150,000 or greater, payment must be
made through Revenue Online, Modernized E-file, or by wire
transfer; see Alaska Regulation 15 AAC 05.310. Failure to remit
electronically, when required to do so, is subject to penalty under
IRC Sec. 6656.
Print the payment voucher from Revenue Online when paying by
check or wire transfer .
Revenue Online accommodates Automated Clearing House (ACH)
debit payments. Revenue Online does not accept ACH credit or
credit card transactions. To remit ACH debit transactions you must
have an account registered with Revenue Online
If a bank account has a debit block, any online payment request
will be rejected by the bank. Rejected payments may result in late
payment penalties and interest. If a bank account has a debit block,
the taxpayer is encouraged to contact its bank before making an
online payment to register the State of Alaska as an authorized
ACH debit originator. The company ID for the Alaska Department
of Revenue is 0000902050.

If the federal return was also amended, a complete copy must be
attached. If the Alaska amended return claims a refund based on
an amended federal return or federal Form 1139, then you must
attach documentation that the IRS accepted the amended federal
return or Form 1139. An amended Alaska return is also required if
the federal return is adjusted by the IRS.
The DOR does not accept amended returns on Forms 611X or
611N. Amended returns for periods ending after July 1, 2016 must
be filed electronically. See electronic filing requirement above.

Adjustments to Federal Income Tax Liability
A corporation is required to file an amended Alaska return to report
any amendment of the taxpayer’s federal income tax return, or recomputation of tax by the IRS. The Alaska amended return must be
filed with full payment of any additional tax within 60 days after the
final determination of the federal adjustment to avoid assessment of
a penalty for failure to file. If the date that the adjustment is finalized
is later than the date on federal Form 4549 or 4549A, the reason
must be satisfactorily explained to avoid assessment of a penalty
for failure to file. An alteration to the taxpayer’s federal income tax
return includes any alteration to the return of any member of the
combined group of the taxpayer.

Protective Claim

A taxpayer making a payment by wire transfer is required to notify
the State of Alaska, Treasury Division by 2:00 p.m. the business
day prior to the wire transfer settlement date. Prepare the payment
voucher using Revenue Online and email to dor.trs.cashmgmt@
alaska.gov. If the payment covers multiple tax years, prepare a
separate voucher for each year.

A protective refund claim is filed to preserve the taxpayer’s right to
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
of limitations expires. A protective refund claim is made by submitting
an amended return, checking the box for a protective claim, and
including a written statement that clearly identifies the basis for the
claim, as well as the contingency affecting the claim. Any claimed
overpayment is not refunded until the matter is resolved. The DOR
will treat the amended return as an “information return.”

A check must be submitted with the appropriate return or payment
voucher. Payment vouchers can be found on Revenue Online, or
you may use Form 6240.

If it is necessary to amend your return while a protective claim
is pending, do not take into account changes reported on the
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
finally resolved.

TAX DIVISION
ALASKA DEPARTMENT OF REVENUE
PO BOX 110420
JUNEAU AK 99811-0420

Alaska Interest Rates
Alaska charges interest on taxes due, at a rate which fluctuates
each quarter. For current rates, refer to our website at www. tax.
alaska.gov.

Amended Returns
An amended return must be filed as a complete return. If you are
amending a return for 2013 or later year, the form has a checkbox
on page 1 to indicate “amended return.” If you are amending a
return for 2012, or an earlier tax year, you must file a complete
return, and write “Amended Return,” preferably in red, across the
top of the amended return. If you are amending your return to claim
a carryover of tax attributes such as a net operating loss (NOL),
capital losses, or excess charitable contributions, then you must
attach Form 6385 Tax Attribute Carryovers. This form may also be
used to claim a carryback of NOL or capital losses.

Late Filing of Return
A corporation that does not file its complete return by the due date,
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
is late, up to a maximum of 25% of the unpaid tax.

Late Payment of Tax
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
30 day period or portion of a period the payment is late, up to a
maximum of 25% of the unpaid tax. If during any period or portion
of a period, both the failure to file and failure to pay penalties are
applicable, only the failure to file penalty is imposed.

Failure to Electronically File
A corporation that does not file its return or amended return
electronically, and does not have a waiver, is subject to a penalty
0405-6100i Rev 01/01/24 - page 7

of the greater of $25 or 1% of the tax due before application of
payments.

Voluntary Disclosure Program
Alaska provides a Voluntary Disclosure Program to qualified
taxpayers. The taxpayer must voluntarily come forward, have never
filed an Alaska corporate tax return, have not been the subject of
an inquiry from the DOR, and meet other requirements. Certain
penalties are waived, but tax and interest must be fully paid. For
additional information, please see Form 6750 and the associated
instructions.

Disclaimers
When this form was drafted, the current year federal tax forms
were not finalized. Therefore, references to lines and schedules on
federal forms may not be accurate. Nothing in these instructions or
associated forms should be read to conflict with Alaska statutes or
regulations.
These instructions are presented to assist the taxpayer in preparing
a corporate return for Alaska. Every effort is made to ensure that
the instructions are accurate and helpful. The instructions are not
intended to address every legal situation. The taxpayer is advised
to consult Alaska Statutes Title 43, Chapters 05, 19, and 20 and
related regulations, and to consult a legal advisor.

SPECIFIC INSTRUCTIONS
Taxpayer Identification
Enter the name and federal Employer Identification Number (EIN)
of the taxpayer. If this is a consolidated Alaska return, enter the
name and EIN of one taxpayer included in the consolidated filing.
Do not use the name of the federal consolidated group (“XXX
Corporation and Subs”). All other Alaska taxpayers are listed on
Schedule B, line 1.
If the common parent of the federal consolidated group is an Alaska
taxpayer, use its name and EIN on page 1. Otherwise, select the
taxpayer with the largest Alaska presence. Continue to use that
name and EIN for subsequent tax periods until the taxpayer leaves
the Alaska consolidated group or the common parent becomes
an Alaska taxpayer. If this taxpayer or consolidated group has
previously filed under the name and EIN of a common parent not
having nexus in Alaska, change the designated taxpayer according
to these instructions and complete Schedule B, question 4.

Contact Person
Provide the name, email address, and telephone number of an
individual to whom correspondence regarding this return should be
directed. This must be an officer or employee authorized to receive
confidential tax information. Generally, the DOR cannot discuss tax
matters with an outside party unless there is a Power of Attorney on
file (see “Paid Preparer Authorization” on page 4).

Return Information
Check all boxes that apply.
□ Final Alaska return: Check this box if you do not expect to have
nexus in Alaska after this tax year. Note: If you intend to check
“Final” due to a corporate reorganization, please contact the
DOR at (907) 269-6632 for technical assistance.

□ Consolidated Alaska return: Check this box if this tax return
is being filed by two or more Alaska taxpayers. “Consolidated”
applies to the Alaska taxpayers, not their federal return status.
Note that a consolidated return is required in some cases. See
“Filing a Consolidated Return” on page 5 for more information.
□ Amended return: Check this box if this return is an amended
return. You must file a complete return to amend, including all
schedules. Do not mark schedules “As originally reported.”
Be sure to attach a statement explaining the changes being
reported. (See instructions for related checkboxes below.)
□ Filing extension: A federal extension automatically extends the
Alaska filing due date. You must check this box to report that an
extension is in effect.
□	 Public Law 86-272 applies (P.L. 86-272): Check this box if the
corporation named on page 1 is claiming protection under P.L.
86-272. If this is a consolidated return, and another Alaska
corporation claims protection under P.L. 86- 272, then that
corporation checks the appropriate box on Schedule B, line 1.
See “Public Law (P.L.) 86-272” discussion on page 6.
□ Exempt organization with UBTI: If the corporation is an exempt
organization that is filing federal Form 990-T to report Unrelated
Business Taxable Income (UBTI), then check this box. If the
organization does not report any UBTI, then the organization
should not file an Alaska corporate income tax return.
□ S Corporation: Check this box if the corporation is an S
Corporation under federal law.
□	 Personal Holding Company: Check this box if the corporation is
a “Personal Holding Company” as defined in IRC Section 542.
□ Amended return to report IRS audit or Form 1120X: Check this
box if this is an amended return filed to report audit changes by
the IRS, or the filing of an amended federal tax return (Form
1120X). You must attach a complete copy of the federal audit
report “RAR” showing federal changes by company, along with
federal documentation showing that the changes are “final.” If
this is a refund claim based on an amended federal tax return,
attach documentation that the federal amendment has been
accepted by the IRS.
□ Protective claim: If this is an amended return filed to make
a protective claim, check the additional box, and attach a
statement explaining the protective claim. See additional
instructions for “Protective Claim” on page 7. Note that a
protective claim is made on an amended return. An original tax
return is never considered a protective claim.

Schedule A – Net Income Tax Summary
Line 2, Alaska net operating loss (NOL) deduction: If there is Alaska
taxable income reported on line 1, then enter the amount of an NOL
to be utilized in the current year in the space provided on line
2. Form 6385 Tax Attribute Carryovers must be attached to claim
NOLs being carried forward from previous years.
Do not enter the federal net operating loss deduction. The Alaska
net operating loss deduction may differ from the federal net
operating loss as a result of state adjustments to federal taxable
income, differences between the federal consolidated group and
the Alaska combined group, and the amount of income or loss
apportioned to other states.
0405-6100i Rev 01/01/24 - page 8

The application of an Alaska net operating loss is governed by
applicable IRC provisions.
Line 7, Alaska incentive credits: Enter amount from Form 6300,
line 49 to report Alaska incentive credits that are not refundable
credits. This includes the Income Tax Education Credit.
Line 16, Overpayment credited to estimated tax: This is a
binding election and the overpayment cannot be re-applied or
reduced at a later date. See federal Treas. Reg. 301.6402-3(a) and
(d).
If this is an amended return filed to report an additional overpayment
(in excess of the overpayment reported on the original return), then
you can make the election to carry the additional overpayment to
the next succeeding year, only if the amended return is filed before
the payment due date for the succeeding tax year. This is also
true if the original return did not report an overpayment, but the
amended return shows an overpayment.

Schedule B – Alaska Taxpayer Information
Line 1, Alaska taxpayer information: This schedule must be
completed if the Alaska return is a consolidated return. List each
member of the Alaska consolidated group on Schedule B, line
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
corporation’s name on line 1. Otherwise, check the boxes indicating
which activities (property, extraction, sales) that corporation has in
Alaska. The list of corporations on Schedule B must agree to the
corporations reporting Alaska factors on Schedule I, except those
corporations claiming exemption under P.L. 86-272.
If a corporation is protected under P.L. 86-272, and the corporation
is joining in filing an Alaska consolidated return as a protective
measure, then that corporation must be properly listed on Schedule
B to effect a protective filing.
Caution: If Schedule B is not properly completed, then the DOR
may determine that a particular corporation, doing business in
Alaska, has not filed a tax return, and may subject the corporation
to a penalty for failure to file.
Do not list affiliated corporations that are not Alaska taxpayers.
Replicating the federal Form 851 information does not constitute a
properly completed Schedule B.
If Alaska activity is conducted by a Disregarded Entity, then its
activity is attributed to its corporate owner. List that corporate owner
on Schedule B, not the Disregarded Entity. Do not list a partnership
on Schedule B; report the corporation holding that partnership
interest.

Schedule C – Tax Payment Record
Enter the dates and amounts of estimated tax payments made
for the tax year. If a payment was made under a name and EIN
different from the taxpayer shown on page 1, identify the payer by
notation in the area below the “Estimated Payments” section. Total
payments must equal Schedule A, line 10.
If this is an amended tax return, use the section “Amended return
only” to account for payments made, and refunds received, based
on the original return, or as last amended or adjusted by the DOR.

Schedule D – Alaska Tax Computation
Line 2, Tax on ordinary income: Use the Tax Rate Table to
compute the tax on line 4. The tax rate table is on page 2 of these
instructions.
If the corporation is a Personal Holding Company (PHC),
the corporation must calculate its tax on Schedule D using the
graduated rates in addition to the 12.6% add-on tax that is reported
on Schedule E, line 4.

Schedule E – Other Taxes
Line 1a, Alternative Minimum Tax (AMT): On line 1a, report the
amount of the federal AMT that is applicable to the combined group
from federal Schedule J.
Line 2a, Base Erosion and Anti-Abuse Tax (BEAT): Report the
amount of the federal BEAT that is applicable to the combined
group from federal Form 8991.
Line 4, Personal Holding Company (PHC) tax: Report the PHC
tax of 12.6%, apportioned if appropriate. This tax is assessed in
addition to tax calculated at ordinary tax rates on Schedule D.
Line 5, Increase in tax liability due to cessation of commercial
operations of a liquefied natural gas storage facility under
AS 43.20.047(h): Use Form 6323 to calculate the increase in tax
liability, and attach to the tax return.
Line 6, Other taxes: Report on line 6 any other federal taxes, or
additions to tax liability, applicable through Alaska’s adoption of the
IRC under AS 43.20.021(a). In addition, use this line to report other
taxes, and additions to tax liability, required under other Alaska tax
statutes. Such taxes include, but are not limited to:
□

“Look-back interest” is based on federal interest rates, and
apportioned to Alaska (18% does not apply). Attach a copy of
federal Form 8866 or 8697, as applicable.

□ Recapture of (federal) low-income housing credit must be
multiplied by 18% and apportioned, if applicable. Attach a copy
of federal Form 8611.
□ Recapture of Alaska investment tax credit is subject to federal
recapture rules, to the extent that the investment originally
generated an Alaska investment tax credit. The subject amount
is then multiplied by 18%, but is not apportioned.
□ S corporations use line 6 to report built-in gains or excess net
passive income taxes. Attach a statement showing the tax
calculation and apportionment, if applicable.

Schedule G – Computation of Alaska Income
Line 1: Taxpayers should refer to Alaska Regulation 15 AAC
20.300. Typically this line should include federal taxable income
line 28 for all domestic corporations included in the combined
group and the federal taxable income of foreign corporations as
defined in 15 AAC 20.300(e), subject to the election at 15 AAC
20.300(f). Attach a schedule by company that details the amount
entered on line 1.
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

Line 2b: Enter the income of unitary foreign corporations of the
combined group. Attach a schedule, by company.

that were eliminated in the federal consolidated return. (Also see
instructions for Schedule L on page 14.)

The income of a foreign corporation is the taxable income before
net operating loss determined under the Internal Revenue Code,
subject to modification under Alaska law, as if the corporation were
a domestic corporation. Alternatively, the taxpayer may elect to
report the book income of the foreign corporation, or its Earnings
and Profits, as reported on federal Form 5471. Please refer to 15
AAC 20.300(e) and (f) for further information.

Line 5g: Enter amount of capital gain income from federal Form
1120, line 8. Do not include any capital gain income excluded as
non-business income on line 5i.

Note that the income of the foreign corporation must be reported
for the entire corporation. The corporation may not report federal
taxable income shown on federal Form 1120-F, unless the Form
1120-F includes all income of the corporation.
Line 2c: Remove the income or loss of companies included in line
1 that are not included in the unitary business of the taxpayer(s).
Attach a schedule, by company.
Line 2d: Enter the adjustment for intercompany transactions
that are necessary to reflect the combined income of the worldwide combined reporting group. The incomes of the companies
represented in lines 1 through 2c may or may not include adjustments
to, or the elimination of, intercompany profits as required under
the combined method of reporting. An intercompany transaction
of a federal consolidated group may not be an intercompany
transaction of the world-wide combined reporting group. This may
include the reversal of a consolidating elimination or adjustment
from the consolidated federal return, the initiation of an elimination,
or adjustment for inter-group transactions that are not reflected in
the income reported on lines 1 or 2a–2c, or a combination of the
two.
Alaska regulations provide that intercompany transactions
between any two members of the combined group, if those two
members join in a consolidated federal return, must be accounted
for in the combined report in the same manner as the transaction
is accounted for in the consolidated federal return. Refer to Alaska
Regulation 15 AAC 20.300(m).
The most common adjustment is for intercompany profits in
beginning and ending inventory. Reverse end-of-year intercompany
profit eliminations between corporations within and outside of
the world-wide combined reporting group to the extent they are
included in the measure of income reported on lines 1 through 2c.
Reverse beginning-of-year intercompany profits on transactions
between corporations within the world-wide combined group to the
extent they were not reversed in the measure of income reported
on lines 1 through 2c.

Line 5h: Enter amount of federal Section 1231 gains that are
taxable as ordinary income, from federal Form 4797, line 12. Do
not enter federal accumulated nonrecaptured net Section 1231
losses from prior years (Form 4797, line 8).
Line 5i: Enter any non-business income or loss claimed and attach
a schedule by category of income. Enter on line 3g expenses
incurred to produce non-business income. You must attach a
schedule of all non-business income claimed by type of income
and by company.
Line 9: Enter non-business income or loss allocated to Alaska and
attach schedule by category of income.
Line 10a: Enter the taxpayer’s Alaska capital and Section 1231
gains and losses from Schedule J, line 20.
Line 10b: Enter the taxpayer’s Alaska charitable contribution
deduction from Schedule K, line 10.
Line 10c: Enter the taxpayer’s Alaska dividends-received deduction
as limited under IRC Section 246. Use the worksheet in Appendix
B to calculate the allowable deduction, and enter the amount on
line 10c.

Schedule I – Apportionment Factor
The corporations listed on lines 1, 5, and 9 must comprise the entire
group of corporations with nexus in Alaska. Do not list corporations
on lines 1, 5, and 9 that do not have nexus. Do not list all corporations
included in the federal consolidated group. If Schedule I is not
properly completed, this may delay the processing of the return
and a delay in a refund. Additionally, the DOR may deny interest on
a refund claimed on a return that was not processible.
The numerator values on lines 1, 5, and 9 must be listed by
corporation, net of intercompany eliminations. Do not list an
“elimination company.” If lines 1, 5, and 9 are improperly completed
regarding eliminations, this may result in a tax adjustment.

Line 3h: Enter the amount of expenditures that are being claimed
for the Qualified Oil and Gas Service Industry Expenditure Credit,
from Form 6327, line 2.

If the taxpayer does business only in Alaska, enter “1.000000”
on line 14. If the taxpayer has business activity both within and
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
list of taxpayers listed on Schedule B, plus the taxpayer named
on page 1 of the tax return. An exception is a corporation claiming
exemption under P.L. 86- 272.

Line 5c: Enter depreciation based on IRC Section 167, as it read
on June 30, 1981, or financial statement depreciation. See 15 AAC
20.480 for more details.

If the taxpayer is a “disregarded entity” under federal law, then that
entity is disregarded for Alaska purposes. On Schedule I, list the
name and EIN of the owner of that disregarded entity.

If the corporation is claiming a credit for in-state oil refinery
expenditures, the Alaska depreciation must be adjusted to exclude
depreciation associated with such expenditures.

If a corporation owns an interest in a partnership that conducts
business in Alaska, then the partnership’s apportionment factors
(property, sales, and payroll) are attributed to that corporate partner.

Line 5e: Enter the dividends between members of the worldwide
combined group that are included as income in line 1 above. Do not
enter dividends between members of a federal consolidated group

On Schedule I, report the corporation’s property, payroll, and sales,
including its share of partnership factors. Do not list the name or
EIN of the partnership on lines 1, 5, or 9.
0405-6100i Rev 01/01/24 - page 10

All factor calculations (lines 4, 8, 12, and 14) must be rounded to
the sixth decimal place. If both the numerator and denominator (for
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.
Taxpayers should consult the regulations at Alaska Regulation 15
AAC 20.490 and 15 AAC 20.500 for rules concerning the modified
apportionment formulas under AS 43.20.144. The appropriate
formula is determined based on the activities of the taxpayer’s
unitary business.
If the unitary business is engaged only in oil or gas production in
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
on line 13 the total of lines 4 and 8. Divide line 13 by 2 and enter
the result on line 14. See Alaska Regulation 15 AAC 20.490(2) for
more information.

4797. Do not report amounts net of federal capital loss carryovers
or carrybacks.
Line 1: Enter in column A the current Section 1231 gains and
(losses) from federal Form 4797, line 7 attributable to the combined
group. Do not use the amount from Form 4797, line 17, which
includes ordinary gains and losses.
Line 2: The taxpayer’s Alaska non-recaptured net Section 1231
losses are based on the apportioned Section 1231 gains and
losses in prior years and may not correspond to the taxpayer’s
federal non- recaptured net Section 1231 losses.
Line 5: Enter the amount from federal Schedule D, the sum of
lines 1–5 attributable to the combined group. Do not use line 7
which includes federal unused capital loss carryover. (See line 9
instructions below to report Alaska unused capital losses.)

If the unitary business is engaged only in regulated pipeline activity
in the state, check the appropriate box at the top of Schedule I.
In that case, complete lines 1–4 and lines 9–12. (Skip lines 5–8.)
Then go to line 13. Enter on line 13 the total of lines 4 and 12.
Divide line 13 by 2 and enter the result on line 14. See Alaska
Regulation 15 AAC 20.490(1) for more information.

Line 9: Enter on line 9 the Alaska excess capital loss to be utilized
in the current year. The Alaska excess capital loss is the taxpayer’s
allocated and apportioned net capital losses from prior years. Enter
in the first space on line 9 the amount from Form 6385 Tax Attribute
Carryovers, line 12. Do not enter the taxpayer’s federal capital loss
carryover from federal Schedule D.

If the unitary business produces oil or gas in the state, and also
transports oil or gas by regulated pipeline in the state, then all
three factors apply. Check both of the relevant boxes at the top of
Schedule I. Complete lines 1–13. Divide the amount on line 13 by
3 and enter the result on line 14. See Alaska Regulation 15 AAC
20.490(3) for more information.

Special capital loss carryback notes: If this is an amended
return filed to claim a capital loss carryback, enter the amount of
carryback to be utilized in the current year, in the space provided
on line 9. This generally comes from Form 6385, line 16. Note that
a capital loss carryback cannot create or increase a current net
operating loss. This may require an iterative process to calculate
the allowable capital loss carryback. In this situation, you would
prepare the return with the following steps:

In accordance with an Attorney General’s Opinion of October
20, 1999, the Department allows taxpayers to determine the
appropriate apportionment formula under AS 43.20.144, based
on the activities of the taxpayer’s worldwide unitary business. For
more information on this issue, consult the notice issued November
19, 1999, “Notice of Application of AS 43.19.010 Art. 4, Sec. 18(c)
To Allow Factor Relief For Certain AS 43.20.072 Taxpayers”. The
full text of this notice can be found under “Tax Types,” “Corporate
Income Tax,” “Tax Notices” on our website at: www.tax.alaska. gov.
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
in zero being reported on line 8 (in the case of a transportation
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
enter the result on line 14.

Schedule J – Alaska Capital and Section 1231 Gains and
Losses
Schedule J is used to calculate the taxpayer’s Alaska net capital gain.
Gains and losses are measured after allocation and apportionment.
Enter the taxpayer’s current gains and losses, before any federal
limitations, according to their character. Corporations that conduct
business both within and without Alaska enter total gains and
losses on lines 1, 5, and 11 and enter non-business capital gain
or loss on lines 6 and 12 as appropriate. Enter the portion of nonbusiness gain or loss that is allocable to Alaska on lines 8 and 14,
as appropriate. Taxpayers using the combined method of reporting
should report the gains and losses of the entire combined group.
Note: If you are filing an amended return, Schedule J must be fully
completed, based on information from federal Schedule D (without
regard to federal capital loss carryovers or carrybacks) and Form

1. Schedule G (Alaska income) through line 9
2.	 Schedule J (capital gains/losses) including capital loss carryover
to current year, but excluding capital loss carryback
3. Schedule K (charitable contributions)
4. Schedule L (dividends-received deduction)
5. Calculate as-if Alaska taxable income (Schedule A, line 1)
using items 1–4 above.
• 	If as-if taxable income is greater than zero, then a capital loss
carryback may be partially or fully allowable
•	 If as-if taxable income is less than, or equal to zero, thena
capital loss carryback is not allowable.
6.	 Enter the allowable capital loss carryback in the space provided
on Schedule J, line 9.
7. Complete the remainder of the return.
Line 11: Enter the amount of long-term capital gains and losses
from 1120 Schedule D, (the sum of lines 8-10, plus lines 12-14). Do
not use the amount from line 15, as it includes Section 1231 gains
and losses which must be reported on Schedule J, line 1.
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,
but not less than zero.

0405-6100i Rev 01/01/24 - page 11

Line 18: If line 16 is a gain and line 10 is a loss, offset the loss from
line 10 against the gain from line 16 and enter the result on line 18,
but not less than zero.
Line 20: Add lines 17, 18, and 19 and enter the result on Schedule
G, line 10a.

Schedule K – Alaska Charitable Contribution Deduction
The taxpayer’s Alaska charitable contribution deduction may
differ from its federal charitable contribution deduction as a result
of allocation and apportionment, the taxable income limitation,
Income Tax Education Credit contributions, and differences in
carryover values. Schedule K is used to measure the taxpayer’s
Alaska charitable contribution deduction limited by its Alaska
taxable income.
Line 1: Enter the taxpayer’s current charitable contributions before
any federal deduction limitations and exclusive of any federal
excess contribution carryover.
Line 2: Enter charitable contributions that were used to generate
an Income Tax Education Credit, that are included in line 1, from
Form 6310, line 3. The total of line 2 should not exceed $2,000,000.
Line 6: Enter the taxpayer’s Alaska excess contribution carryover
from prior years from line 18 of Form 6385 Tax Attribute Carryovers.
Enter as a positive number
Line 8: Enter the Alaska taxable income for deduction li