Instructions For Alaska Application For Voluntary Disclosure (Page 2 of 2) in pdf

Instructions For Alaska Application For Voluntary Disclosure Page 2

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 availabe for corporate net income

tax.

0405-6750i Rev 01/01/15 - page 2

Instructions For Alaska Application For Voluntary Disclosure Page 2