Instructions For 2014 Alaska Regional Seafood Development Tax Return Page 2
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2(c) For fishery resources other than those described in (a)
If you are amending a previously filed return, attach a
and (b) above, the actual price paid for the fishery resource
statement with a brief explanation of the error along with a
by the fisheries business to the fisherman, including indirect
description of the change(s) being made.
consideration and bonus amounts paid for fuel, supplies,
gear, ice, handling tender fees, or delivery, whether paid at
How do I amend my original return?
the time of purchase of the fishery resource or tendered as
Check the “Amended” return box. Above the “Amended”
return box check whether you are a “Buyer” or “Fisherman”.
deferred or delayed payment.
If you are a buyer, indicate the month and year the resources
Market value – means the prevailing value paid for fisheries
were originally acquired. If you are a fisherman, indicate the
resources of like kind and quality by fisheries businesses in
year the resources were exported or sold to an unlicensed
the same market area to fishermen who own their vessels.
buyer(s).
Under column A, report the correct value of the resource.
Development Region – is a region of the state made up of
designated management areas established by the Board of
Under column C, calculate the tax on the revised value and
Fisheries and in which an election has been held and the
carry the total to line 4. On line 5, indicate the tax paid with
the original return. If line 4 is greater than line 5, subtract
imposition of the RSD tax was approved. At present only
Prince William Sound and Bristol Bay have held elections
line 5 from line 4 and show the result on line 6 as a positive
number. This is the tax amount due with the amended
and approved the RSD tax.
return.
Fishery – is the species and gear type that is subject to
the RSD tax. At present only salmon caught by drift gillnet
If line 5 is greater than line 4, subtract line 4 from line 5 and
and set gillnet with limited entry permits beginning with the
show the result on line 6 as a negative number. This is the
amount of your overpayment which will be refunded to you.
designation S03E, S03T or S04E have elected to impose
the RSD tax.
Additional Forms
Download forms at:
Who Must File a Bonus Return?
Licensed buyers making bonus payments to fishermen for
You may reproduce or photocopy this form as needed or
request additional forms at: 907-465-2320 or fax your
resources previously reported on an RSD tax return are
required to file a bonus return.
request to 907-465-2375
Bonus Return Due Date
Questions
Bonus returns must be filed and the additional RSD tax paid
You may email us at: dor.tax.fishexcise@alaska.gov
no later than the last day of the month following the month in
or call 907-465-2320
which the bonus payment was made (e.g., a bonus payment
made in November would be reported on a bonus return
that would be due on or before December 31).
How are bonus payments reported?
Check the “Bonus” return box and fill in the month and year
the resource was originally acquired as well as the month
and year the bonus payment was made. Under column A,
report the total value of the resource, including the bonus
payment (i.e. value as originally reported plus the amount
of the bonus payment). Under column C, calculate the tax
on the revised value and transfer the total tax to line 4. On
line 5 indicate the tax paid with the original return. On line 6
subtract line 5 from line 4. This is the RSD tax amount due
with the bonus return.
Amended Returns
You can use this form to correct any errors on your original
return. You should file an amended return if you:
Reported resources under the wrong region;
•
Misstated the number of pounds of salmon; or
•
Misstated the value of resources and the misstatement
•
was not caused from a bonus payment.
0405-582i Rev 12/19/13 - page 2
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