Alaska Oil and Gas Corporation Net Income Tax Return

Transcription

1 laska Oil and Gas orporation Net Income Tax Return Form 6100 For calendar year 2015 or the taxable year beginning, 2015, ending, NIS ode ontact Person Title Mailing ddress heck if new address ontact ddress ity State Zip ode ontact Telephone Number ontact Fax Number Return Information (check applicable boxes) Final laska return onsolidated laska return mended return Federal extension is in effect arryback is waived for net operating loss Public Law applies Exempt organization with UTI S orporation (attach Form 1120S) Personal Holding ompany If amended return box above is checked, then check the following boxes, if applicable: mended return to report IRS audit or Form 1120X This is a protective claim SHEDULE NET INOME TX SUMMRY 1. laska income (loss) from Schedule G, line laska net operating loss utilized: carryover ( ) carryback ( ). Total.. 2 ( ) 3. laska taxable income. dd lines laska income tax from Schedule D, line Other taxes from Schedule E, line Total tax. dd lines laska incentive credits applied against tax from Form 6300, line Federal-based credits from Form 6390, line Net laska income tax. Subtract the sum of lines 7 8 from line 6. If more than $500, attach Form Payments from Page 3, Schedule laska credit for prior year minimum tax (see instructions) laska incentive credits claimed as refund from Form 6300, line Tax due (overpaid). Subtract the sum of lines from line Penalty for underpayment of estimated tax (see instructions) Total amount due (overpaid). dd lines If greater than zero, STOP Overpayment credited to 2016 estimated tax (enter as positive number) Refund. dd lines I declare, under penalty of perjury, that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. heck if the DOR may discuss this return with the preparer (see instructions) Officer s Signature Date Title Preparer s Signature Date heck if self-employed Preparer s SSN or PTIN Preparer firm s name (or yours if self-employed) and address Phone ity State Zip ode Rev 01/01/16 - page 1

2 Page 2 SHEDULE LSK TXPYER INFORMTION 1. LSK ONSOLIDTED RETURNS ONLY: LIST LL ORPORTIONS, OTHER THN THE TXPYER SHOWN ON PGE 1, WITH NEXUS IN LSK INLUDED IN THIS RETURN. FILURE TO PROPERLY OMPLETE MY RESULT IN PENLTIES. D of each corporation with nexus in laska P.L applies NIS ode ddress ity State Zip ode ddress ity State Zip ode ddress ity State Zip ode ddress ity State Zip ode 2. If any taxpayer included in this return is included in a federal consolidated return (Form 1120), provide the name, address, and of the common parent of the federal consolidated group. ddress ity State Zip ode 3. If this is the first return, indicate if: Successor to previously existing business (Enter name, address, and of previous business) ddress ity State Zip ode 4. and on the prior year s return if different from page 1. State the reason for the change (e.g. merger, name change, etc.) Reason Rev 01/01/16 - page 2

3 Page 3 SHEDULE TX PYMENT REORD Estimated Payments Date mount First Second Third Fourth Total estimated tax payments Summary Date mount Payment with extension Total estimated tax payments Overpayment from prior year Less: Quick Refund from Form 6230 ( ) mended return only: Tax paid with original return and additional tax paid Less: Overpayment previously credited to 2016 ( ) Less: Refund from original return and additional refunds ( ) Total net payments to Schedule, line 10 SHEDULE D LSK TX OMPUTTION Tax Rate Table is contained in instructions 1. laska taxable income from Schedule, line Net capital gain from Schedule J, line Ordinary income. Subtract line 2 from line 1. If less than zero, enter zero Tax on ordinary income. Use Tax Rate Table to calculate tax on line Tax on net capital gain. Multiply line 2 by 4.5% laska income tax. dd lines Enter the lesser of line 6, column or here and on Schedule, line SHEDULE E OTHER TXES 1. lternative minimum tax from federal Form x18% 2. pportionment factor, from Schedule I, line Multiply line 1 by line Personal Holding ompany tax (see instructions) Tax on early cessation of operations gas storage facility Tax on early cessation of operations LNG storage facility Other taxes (see instructions) dd lines 3 7. Enter here and on Schedule, line Rev 01/01/16 - page 3

4 Page 4 SHEDULE G OMPUTTION OF LSK INOME 1. Federal taxable income (loss) (see instructions) ombined Reporting dditions 2a. dd: Federal taxable income (loss) of domestic corporations not included in line a 2b. dd: Foreign corporations b 2c. Federal taxable (income) loss of non-unitary corporations c 2d. Intercompany eliminations (see instructions) d 2e. Total adjustments for combined reporting. dd lines 2a 2d e 3a. Taxes based on or measured by net income a 3b. Federal charitable contributions from federal Form 1120, line b 3c. Net Section 1231 losses from federal Form 4797, line c 3d. Intangible drilling and development costs expensed for federal purposes d 3e. Percentage depletion deducted for federal purposes e 3f. Federal depreciation f 3g. Expenses incurred to produce non-business income g 3h. Oil and gas service industry. expenditures. Enter amount from Form 6327, line h 3i. Other (attach schedule) i 3j. Total additions. dd lines 3a 3i j 4. Total. dd lines 1, 2e and 3j Subtractions 5a. Intangible drilling costs allowable a 5b. ost depletion b 5c. Depreciation allowable c 5d. Interest from obligations of the U.S. government d 5e. Intercompany dividends e 5f. Section 78 gross-up dividends f 5g. Federal Form 1120, line 8 capital gain income g 5h. Non-recaptured Section 1231 losses from prior years from federal Form 4797, line h 5i. Non-business income (attach schedule) i 5j. Other (attach schedule) j 5k. Total subtractions. dd lines 5a 5j k 6. pportionable business income (loss). Subtract line 5k from line pportionment factor from Schedule I, line Income (loss) apportioned to laska. Multiply line 6 by line Non-business income (loss) net of expenses allocable to laska (attach schedule) laska Items 10a. laska capital and Section 1231 gain (loss) from Schedule J, line a 10b. laska charitable contribution deduction from Schedule K, line b ( ) 10c. laska dividends-received deduction (see instructions) c ( ) 10d. Total laska items. dd lines 10a 10c d 11. laska taxable income (loss) before net operating loss. dd lines 8, 9, and 10d. Enter here and on Schedule, line Rev 01/01/16 - page 4

5 Page 5 SHEDULE I PPORTIONMENT FTOR Property heck all boxes that apply Taxpayer produces oil or gas in laska Taxpayer transports oil or gas in laska 1. Property within laska 1a 1b 1c 1d 1e ttorney General s opinion dated 10/20/99 applies (factor relief for certain taxpayers) Property within laska 2. Total of line 1 column Property everywhere Property factor. Divide line 2 by line Oil and Gas Transportation ompanies only, skip lines 5 8. Go to line 9. Extraction 5. Extraction within laska 5a 5b 5c 5d 5e Extraction within laska 6. Total of line 5 column Extraction everywhere Extraction factor. Divide line 6 by line Oil and Gas Producing ompanies only, skip lines Go to line 13 Sales 9. Sales within laska 9a 9b 9c 9d 9e Sales within laska 10. Total of line 9 column Sales everywhere Sales factor. Divide line 10 by line dd lines 4, 8, and pportionment factor. Divide line 13 by 3, or 2, as applicable Rev 01/01/16 - page 5

6 Page 6 SHEDULE J LSK PITL ND SETION 1231 GINS ND LOSSES Section 1231 Gains and Losses ombined K Factor laska Gain or (Loss) 1. urrent Section 1231 gains and (losses). If a loss, enter here and on line laska net non-recaptured Section 1231 losses from prior years. Enter as a positive number If line 1 is a gain, subtract line 2 from line 1, but not less than zero. Enter here and on line If line 1 is a gain, enter the lesser of line 1 or line 2 here and on line 19, otherwise enter zero Short-Term apital Gains and Losses STG/(L) 5. Total current STG/(L) Non-business STG/(L) pportionable STG/(L). Subtract line 6 from line Non-business STG/(L) allocable to laska laska capital loss carryover utilized ( ) carryback utilized ( ). Total... 9 ( ) 10. Net STG/(L), add lines 7, 8, and Long-Term apital Gains and Losses LTG/(L) 11. Total current LTG/(L) Non-business LTG/(L) pportionable LTG/(L). Subtract line 12 from line Non-business LTG/(L) allocable to laska Enter amount from line Net LTG/(L). dd lines 13, 14, and Summary 17. Excess net short-term capital gain, line 10, over net long-term capital loss, line laska net capital gain. Excess net long-term capital gain, line 16, over net short-term capital loss, line 10. Enter here and on Schedule D, line If line 1 is a loss, enter here, otherwise enter the amount from line dd lines Enter here and on Schedule G, line 10a SHEDULE K HRITLE ONTRIUTION DEDUTION 1. urrent charitable contributions Education credit contributions from Form 6310, line Subtract line 2 from line pportionment factor from Schedule I, line urrent laska charitable contributions. Multiply line 3 by line laska charitable contribution carryover from Form 6385, line dd lines Taxable income for deduction limitation purposes (see instructions) Multiply line 8 by 10% laska charitable contribution deduction. Enter the lesser of line 7 or line 9 here and on Schedule G, line 10b Rev 01/01/16 - page 6

7 Page 7 SHEDULE L LSK DIVIDENDS-REEIVED DEDUTION (DRD) 1. Dividend income included in Schedule G, line Not Eligible 2a. Intercompany dividends from Schedule G, line 5e a 2b. Section 78 gross-up dividends from Schedule G, line 5f b 2c. Dividends subtracted on Schedule G, line 5i as non-business income c 2d. Total dividends not eligible for DRD. dd lines 2a 2c d 3. Total dividends eligible for DRD. Subtract line 2d from line pportionment factor from Schedule I, line pportioned dividends. Multiply line 3 by line Dividends allocable to laska included on Schedule G, line Total dividends included in taxable income. dd lines pportioned Dividends Percentage DRD ( times ) 8a. Dividends qualifying for 100% deduction a 100% DRD 8b. Dividends qualifying for 80% deduction b 80% 8c. Dividends qualifying for 70% deduction c 70% 8d. Dividends qualifying for 48% deduction d 48% 8e. Dividends qualifying for 42% deduction e 42% 8f. Other, if applicable. Enter % in column f 9. Tentative dividends-received deduction. dd lines 8a 8f, column (see instructions) Rev 01/01/16 - page 7