Alaska Application for Voluntary Disclosure Instructions
Extracted from PDF file 2019-alaska-form-6750i.pdf, last modified December 2016
Application for Voluntary Disclosure InstructionsInstructions for Form 6750 Alaska Application for Voluntary Disclosure Introduction The purpose of the Department of Revenue’s (DOR) Voluntary Disclosure Program (VDP) is to encourage corporations and other business entities that may have incurred an unpaid Alaska income tax liability and/or have an unfulfilled tax return filing requirement to disclose their liability voluntarily. Qualified business entities that choose to participate in the VDP will be required to disclose their Alaska tax liability only for the immediately preceding five income years. DOR may waive penalties associated with the return filings. General Information AS 43.05.010 and AS 43.05.080 permit the DOR to enter into voluntary disclosure agreements with any qualiﬁed business entity in order to obtain voluntary compliance with the tax laws of the State of Alaska. Qualiﬁed business entities that participate in the VDP are required to ﬁle returns for the ﬁve income years ending immediately prior to the date the agreement is signed. DOR may waive penalties associated with the return ﬁlings. As part of the agreement, DOR will waive its authority to assess taxes, additions to taxes, or penalties for the income years ending prior to the ﬁve income years covered by the voluntary disclosure agreement. Qualified Business Entities Only qualiﬁed business entities are eligible to participate in the Voluntary Disclosure Program. A “qualiﬁed business entity” is an entity that meets all of the following criteria. It must: • Be a corporation, entity taxed as a corporation, S corporation, partnership, or limited liability company; • Have never ﬁled a return with the DOR; • Have not been the subject of an inquiry by the DOR with respect to liability for income taxes; and • Have voluntarily come forward, prior to any unilateral contact from the DOR, and completed both an application for voluntary disclosure agreement and a full and accurate statement of its activities in Alaska for the ﬁve immediately preceding taxable or income years. Penalties Waived If the qualiﬁed business entity fully complies with the voluntary disclosure agreement, the DOR may not assess any or all of the following penalties for the income years covered by the agreement: • AS 43.05.220(a) – failure to make and ﬁle a return; • AS 43.05.220(a) – failure to pay tax; • AS 43.05.220(b) – negligence or intentional disregard; • Internal Rev. Code §6655 failure to pay estimated tax; • Internal Rev. Code §6698 – failure to file a partnership return; and/or • Internal Rev. Code §6699 – failure to file an S corporation return. Violation of the Agreement Certain events will nullify the voluntary disclosure agreement if the qualiﬁed business entity: • misrepresents material facts relevant to the agreement; • fails to ﬁle returns or pay taxes for the periods covered by the agreement; • reneges on an installment payment arrangement; • understates the tax liability for any year covered by the agreement and cannot show good faith effort to accurately compute the tax liability; or • fails to continue to comply with Alaska tax law. Common Forms Form 6000 Corporate Net Income Tax Return (standard) Form 6100 Oil & Gas Corporate Net Income Tax Return Form 6900 Partnership Information Return You may download, view, and print Alaska income tax forms and publications listed above. Our internet address is: www.tax.alaska.gov You may call the number below or send an email request if you would like the forms sent to you by mail. Need Help? Contact us at 907-269-6620 or email [email protected] Instructions for Filing Form 6750 Application for Voluntary Disclosure Completing the Form Qualified business entities that choose to participate in the Voluntary Disclosure Program must use Form 6750, Application for Voluntary Disclosure, to apply. To remain anonymous, program applicants may have a representative contact the Department of Revenue. Company representatives should not reveal the name of the company or any information that could readily identify the company to the DOR until the agreement is executed. DOR will assign program applicants an identifying number, such as VDA 16-01, which should be used in subsequent correspondence once DOR receives the application. Part I Enter the name, address, and phone number of the qualified business entity’s representative. The representative must be authorized to represent the entity in the Voluntary Disclosure Program. Note: You are not required to disclose the name, address or telephone number of the entity choosing to participate in the VDP on the application. The entity may remain anonymous until the agreement is executed. Part II 1. Indicate the type of business entity applying to participate in the Voluntary Disclosure Program. 2. State each tax year to be covered by the agreement. 3. Answer the questions in Part II. If the entity answers yes to any of the questions in Part II, stop. The entity does not qualify to participate in the Voluntary Disclosure Program. 0405-6750i Rev 01/01/17 - page 1 Part III Include the following information in Exhibit 1: • a description of the entity’s business activities; • the facts giving rise to the offer to enter into the Voluntary Disclosure Program; • the settlement terms proposed; and • the number of corporate partners or members if the entity applying for VDP is an LLC or is a partnership. Note: partnerships or LLCs that have only individual partners/members, are not required to file in Alaska and are not eligible to participate in the VDP. Part IV On Exhibit 2, include a statement with your estimate of taxes due. Show the estimate by year, along with the accompanying computations. Part V An authorized representative must sign the application. The Department of Revenue will contact the representative if additional information is required. DOR may accept the entity’s proposed settlement, modify the proposed settlement, or reject the proposed settlement based on the information available. If DOR determines that there are any material misstatements of fact or tax liability, or the entity fails to file any returns or pay any tax as required by the agreement, the voluntary disclosure agreement will be null and void. Note: At present, the VDP is only available for corporate net income tax. 0405-6750i Rev 01/01/17 - page 2
More about the Alaska Form 6750i Corporate Income Tax
We last updated the Application for Voluntary Disclosure Instructions in March 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Alaska Department of Revenue. You can print other Alaska tax forms here.
Other Alaska Corporate Income Tax Forms:
|Form Code||Form Name|
|Form 6240||Payment Voucher-Corporation Net Income Tax|
|Form 6000||Alaska Corporation Net Income Tax Return|
|Form 6385||Tax Attributes Carryovers|
|Form 6000i||Forms 6000 and 6020 (Formerly Forms 611 and 611SF) Alaska Corporation Net Income Tax Return Instructions|
|Form 6390||Federal-based Credits|
Alaska usually releases forms for the current tax year between January and April. We last updated Alaska Form 6750i from the Department of Revenue in March 2020.
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 6750i
We have a total of five past-year versions of Form 6750i in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of Alaska Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.