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Alaska Veteran Employment Tax Credit Instructions
Extracted from PDF file 2023-alaska-form-6325i.pdf, last modified February 2019Veteran Employment Tax Credit Instructions
Instructions for Form 6325 Alaska Veteran Employment Tax Credit GENERAL INSTRUCTIONS Purpose of Form Form 6325 is required for an employer to claim an income tax credit for the employment of a veteran in the state. Complete Form 6325 to claim an income tax credit on Form 6000, 6100, or 6150, or to report creditable activities on Form 6900 Alaska Partnership Information Return. An employer may be eligible to claim an income tax credit for hiring a veteran in the state. The amount of the credit is dependent on whether the veteran is disabled, and whether the veteran is a permanent hire or a seasonal hire. If a permanent hire, the law requires that the veteran be employed for 1,560 hours or more during the 12 consecutive months immediately following the date the veteran is first employed. For a seasonal hire, the law requires that the veteran be employed for 500 hours or more during the three months immediately following the date the veteran is first employed. The credit available is $3,000 for the permanent hire of a disabled veteran and $2,000 for the permanent hire of a veteran not disabled. A credit of $1,000 is available for the employment of any veteran in a seasonal position. The law imposes certain other requirements for the credit. The employment of a veteran must start not more than two years after discharge (in the case of a veteran not disabled) or 10 years after discharge (in the case of a disabled veteran). The veteran must have been unemployed for at least four weeks immediately preceding the date employment begins. The employer is required to maintain records to support its claim of credit, including Form 6326 (see below) and a copy of the veteran’s documentation to show the date that the veteran was honorably discharged. Other Related Forms Form 6325 is a supplementary form that calculates the potential credit to be ordered and limited on Form 6300 Alaska Incentive Credits. Carryovers of the veteran employment tax credit are reported directly on Form 6300. If the taxpayer is claiming a carryover of the veteran employment tax credit, the employer must attach a schedule of the carryover, showing amounts and tax years in which the credit was generated, and the years of utilization. See instructions for Form 6300 for more information. SPECIFIC INSTRUCTIONS Line 1: Report the name, social security number, discharge date, and employment date of each veteran hired in a permanent position, in columns A, B, C, and D, respectively. Column E is a check-box to indicate whether the veteran is disabled. Enter the dates in columns C and D in the format mm/dd/yyyy. Enter in column F the number of hours that the veteran was employed during the twelve months immediately following the date the veteran is first employed. If the amount of hours employed is less than 1,560, then no credit is available for that veteran. In column G, enter the credit available if all requirements are met. The credit is $3,000 for the employment of a disabled veteran in a permanent position, or $2,000 for a veteran who is not disabled. Additional Forms 6325 may be attached, if one Form 6325 is inadequate to report all veterans hired. In this case, show the total of all Forms 6325 on the first Form 6325 line 2, leaving line 2 blank on subsequent Forms 6325. Line 3: Report the name, social security number, discharge date, and employment date of each veteran hired in a seasonal position, in columns A, B, C, and D, respectively, in the same manner as described above. In column F, enter the number of hours that the veteran was employed during the three months immediately following the date the veteran is first employed. If the amount of hours employed is less than 500, then no credit is available for that veteran. The credit is $1,000 for the employment of a veteran in a seasonal position. If additional Forms 6325 are needed, show the total of all Forms 6325 on the first Form 6325, line 4, leaving line 4 blank on subsequent Forms 6325. Attach Form 6325 to Form 6000, 6100, or 6150, or Form 6900, as appropriate. Form 6326 Certificate of Qualifying Veteran is prepared and signed by the qualifying veteran. The employer must secure the certificate at the time of employment of the veteran, along with a copy of the veteran’s federal Certificate of Discharge (DD 214 etc.) showing that the veteran was honorably discharged. Do not send Form 6326 or the Certificate of Discharge with the tax return. If You Need Help If you have questions, need additional information or require other assistance, see our website at www.tax.alaska.gov, or call: Juneau: 907-465-2320 Anchorage: 907-269-6620 0405-6325i Rev 02/05/19
Form 6325i
More about the Alaska Form 6325i Corporate Income Tax Tax Credit TY 2023
Veteran Employment Tax Credit Instructions
We last updated the Veteran Employment Tax Credit Instructions in February 2024, so this is the latest version of Form 6325i, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 6325i directly from TaxFormFinder. You can print other Alaska tax forms here.
Other Alaska Corporate Income Tax Forms:
TaxFormFinder has an additional 30 Alaska income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 6000 | Alaska Corporation Net Income Tax Return |
| Form 6000i | Forms 6000 and 6020 (Formerly Forms 611 and 611SF) Alaska Corporation Net Income Tax Return Instructions |
| Form 6100 | Oil and Gas Corporation Net Income Tax Return |
| Form 6240 | Payment Voucher-Corporation Net Income Tax |
| Form 6220i | Underpayment of Estimated Tax by Corporations 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 6325i from the Department of Revenue in February 2024.
Form 6325i 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 6325i
We have a total of eleven past-year versions of Form 6325i 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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