Does Alaska require you to file a business tax extension?

Q

No! The state of Alaska grants an automatic extension of 30 days without the requirement of any additional forms. However, any tax payments must be made by the original deadline.

Which business tax forms are required by the state of Alaska?

Q

A federal business tax extension (Form 7004) automatically extends the Alaska filing due date to 30 days after the federal extended due date. However, you need to submit Alaska Form 04-711 if you owe money to the state.

Filing an Alaska tax extension will not provide you with additional time to pay any tax balance due, which must be paid by your original tax deadline or interest and other payment penalties may apply.

When is the due date to file business tax with Alaska?

Q

The Business tax filing due by March 16, 2020 or by the 15th day of the 3rd month following the end of the taxable year (for fiscal year filers).

When is the business tax extended deadline with Alaska?

Q

Alaska offers a 30 days tax extension, which moves the filing deadline from March 15 to April 15 (for calendar year filers). There are no forms or electronic filings required to submit.

What are the Payment options with Alaska?

Q

Alaska levies a corporate income tax on Alaska taxable income which is based on federal taxable income with certain Alaska adjustments. Multistate corporations apportion income on a water's edge basis using the standard apportionment formula of property, payroll and sales. Oil and gas corporations use a modified apportionment formula applied to worldwide income.

Tax rates are graduated from 1% to 9.4% in increments of $10,000 of taxable income. The 9.4% maximum rate applies to taxable income of $90,000 and over. Payment of the Alaska tax must be made on or before the 15th day of the third month after the close of the tax year. You can make an Alaska extension payment using Form 6240.

The payment due date cannot be extended. When an estimated payment is $100,000 or greater, or a payment with a return is $150,000 or greater, payment must be made online (OTIS) or by wire transfer.Tax returns are due 30 days after the Federal return due date. If the Federal return is on extension the Alaska return is automatically on extension.

Where do I mail Alaska Form 6240?

Q

Mail your Form Form 6240 (Payment Voucher, Corporation Net Income Tax) to the following address.

Tax Division,
Alaska Department of Revenue,
P.O. Box 110420,
Juneau, AK 99811-0420.

Published by ExpressExtension Support, ExpressExtension
Last modified 3/6/2020 6:45:10 AM EST