Instructions For Alaska Application For Voluntary Disclosure printable pdf download

Instructions For Alaska Application for

Voluntary Disclosure

Introduction

•

understates the tax liability for any year covered by the

agreement and cannot show good faith effort to accurately

The purpose of the Department of Revenue’s (DOR) Voluntary

compute the tax liability; or

Disclosure Program (VDP) is to encourage corporations and other

•

fails to continue to comply with Alaska tax law.

business entities that may have incurred an unpaid Alaska income

tax liability and/or have an unfulfilled tax return filing requirement

Common Forms

to disclose their liability voluntarily. Qualified business entities that

choose to participate in the VDP will be required to disclose their

0405-6000 Corporate Net Income Tax Return (standard)

Alaska tax liability only for the immediately preceding five income

0405-6020 Corporate Net Income Tax Return (short)

years. DOR may waive penalties associated with the return filings.

0405-6100 Oil & Gas Corporate Net Income Tax Return

0405-6900 Partnership Information Return

General Information

You may download, view, and print Alaska income tax forms and

AS 43.05.010 and AS 43.05.080 permit the DOR to enter into

voluntary disclosure agreements with any qualified business entity

publications listed above. Our Internet address is:

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

You may call the number below or send an e-mail request if you

immediately prior to the date the agreement is signed. DOR may

waive penalties associated with the return filings. As part of the

would like the forms sent to you by mail.

agreement, DOR will waive its authority to assess taxes, additions

to taxes, or penalties for the income years ending prior to the five

Need Help? Contact us at 907-269-6620 or e-mail dor.tax.

disclosure@alaska.gov

income years covered by the voluntary disclosure agreement.

Qualified Business Entities

Instructions for Filing Form 0405-615 Application for

Only qualified business entities are eligible to participate in the

Voluntary Disclosure

Voluntary Disclosure Program. A “qualified business entity” is an

entity that meets all of the following criteria. It must:

•

Be a corporation, S corporation, partnership, or limited liability

Completing The Form

Qualified business entities that choose to participate in the

company;

•

Have never filed a return with the DOR;

Voluntary Disclosure Program must use Form 0405-615, Application

•

Have not been the subject of an inquiry by the DOR

for Voluntary Disclosure, to apply. To remain anonymous, program

with respect to liability for income taxes; and

applicants may have a representative contact the Department of

•

Have voluntarily come forward, prior to any unilateral contact

Revenue. Company representatives should not reveal the name

from the DOR, and completed both an application for

of the company or any information that could readily identify the

voluntary disclosure agreement and a full and accurate

company to the DOR until the agreement is executed. DOR will

statement of its activities in Alaska for the five immediately

assign program applicants an identifying number, such as VDA 06-

001, which should be used in subsequent correspondence once

preceding taxable or income years.

DOR receives the application.

Penalties Waived

If the qualified business entity fully complies with the voluntary

Part I

Enter the name, address, and telephone number of the qualified

disclosure agreement, the DOR may not assess any or all of the

following penalties for the income years covered by the agreement:

business entity’s representative. The representative must be

•

AS 43.05.220(a) - failure to make and file a return;

authorized to represent the entity in the Voluntary Disclosure

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AS 43.05.220(a) - failure to pay tax;

Program. Note: Do not disclose the name, address or telephone

•

AS 43.05.220(b) - negligence or intentional disregard;

number of the entity choosing to participate in the VDP on the

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AS 43.05.220(c) - fraud;

application. The entity should remain anonymous until the

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Internal Rev. Code §6655 failure to pay estimated tax;

agreement is executed.

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Internal Rev. Code §6698 – failure to file a partnership return;

and/or

Part II

•

Internal Rev. Code §6699 – failure to file an S-corporation

1. Indicate the type of business entity applying to participate

return.

in the Voluntary Disclosure Program.

Violation of the Agreement

2. State each tax year to be covered by the agreement.

Certain events will nullify the voluntary disclosure agreement

if the qualified business entity:

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

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misrepresents material facts relevant to the agreement;

•

fails to file returns or pay taxes for the periods covered by the

participate in the Voluntary Disclosure Program.

agreement;

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reneges on an installment payment arrangement;

0405-6750i Rev 01/01/15 - page 1

Instructions For Alaska Application For Voluntary Disclosure

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