2013 Regional Seafood Development Tax Return ...

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Instructions for 2013 Alaska Regional Seafood
Development Tax Return
0405-582i Rev 03/29/13- page 1
What is the Regional Seafood Development Tax?
The regional seafood development (RSD) tax is levied on
certain species and gear types within designated seafood
development regions. The RSD applies to salmon harvested
in the following regions for the fishery listed below:
Bristol Bay…………….. Salmon drift gillnet – S03T
Prince William Sound… Salmon drift gillnet – S03E
Prince William Sound… Salmon set gillnet – S04E
Proceeds from the RSD tax may be appropriated by the
legislature to aid seafood development programs of qualified
regional seafood development associations.
DUE DATE
Licensed Buyers Must File Monthly – Check the box at
the top of the form next to “Buyer” and fill in the “Month” and
“Year” boxes to reflect the month and year you purchased
salmon. This return must be filed and the taxes paid no
later than the last day of the month following the month in
which the salmon were purchased or acquired. Buyers
must file a bonus return when fishermen receive end-ofseason settlements or bonus amounts for salmon previously
acquired by the buyer.
Fishermen (including catcher sellers, catcher exporters,
catcher processors and direct market license holders)
Must File Annually – Check the box at the top of the form
next to “Fisherman” and fill in the “Year” box to reflect the
year you harvested salmon that you either: (a) exported from
the state, or (b) sold to unlicensed buyers. For fishermen
(including catcher sellers, catcher processors and direct
market license holders) this return must be filed and the
RSD tax paid on or before March 31st of the following year.
Who Remits the Tax?
Licensed buyers collect and remit the RSD tax on all salmon
acquired from: 1) drift and set gillnet fishermen (including
catcher sellers, catcher exporters, catcher processors and
direct market license holders) who harvested the salmon
within Prince William Sound, or 2) drift gillnet fishermen
(including catcher sellers, catcher exporters, catcher
processors and direct market license holders) who harvested
the salmon within Bristol Bay. Fishermen (including catcher
sellers, catcher exporters, catcher processors and direct
market license holders) harvesting salmon using drift or
set gillnet gear within Prince William Sound or drift gillnet
gear within Bristol Bay remit the RSD tax on salmon sold to
unlicensed buyers or exported from the state.
Payment
Pay your taxes using the Online Tax Information System
(OTIS) at www.tax.alaska.gov. Note that you must be an
existing taxpayer with the Tax Division to pay electronically.
If you are a first-time taxpayer, contact the Tax Division at
(907) 465-2320 or visit www.tax.alaska.gov for information.
ACH Debit (EFT) - OTIS accommodates Automated
Clearing House (ACH) debit payments. If your bank account
has a debit block, your online payment request will be
rejected by your bank. Rejected payments may result in late
payment penalties and/or interest.
If you think your bank account has a debit block, contact
your bank before making an online payment to register
the State of Alaska as an authorized ACH debit originator.
The company ID for the Alaska Department of Revenue is
0000902050.
Credit Cards or ACH Credit - OTIS cannot accept credit
cards or ACH credit transactions for this tax program.
Wire Transfers - If you are paying by wire transfer, log on
to the OTIS website at www.tax.alaska.gov for instructions.
Checks - Note that if your total payment exceeds $100,000
you are required to pay electronically or by wire transfer. If
you are paying by check, make your check payable to the
State of Alaska and mail it with your return to:
TAX DIVISION
ALASKA DEPARTMENT OF REVENUE
PO BOX 110420
JUNEAU AK 99811-0420
What Records Must the Buyer Keep?
In order to properly complete and substantiate the monthly
return, the buyer must maintain records reflecting the fishery
in which the fishery resource was caught.
DEFINITIONS
Value – means:
(a) The market value as determined by the prevailing price
paid to fishermen for the unprocessed fishery resource of
the same kind and quality by fisheries businesses in the
same region or market area where the fishery resource was
caught if
i) the fishery resource was caught by a person holding a
direct marketing fisheries business license; and
ii) the fishery resource was sold to a buyer other than a
licensed fisheries business.
(b) For fisheries resources other than those described
above, the market value of the fishery resource if caught
in company-owned or company-subsidized boats operated
by employees of the company or in boats that are operated
under lease to or from the company or other arrangement
with the company and if the fishery resource is delivered to
the company.
0405-582i Rev 03/29/13 - page 2
(c) For fishery resources other than those described in (a)
and (b) above, the actual price paid for the fishery resource
by the fisheries business to the fisherman, including indirect
consideration and bonus amounts paid for fuel, supplies,
gear, ice, handling tender fees, or delivery, whether paid at
the time of purchase of the fishery resource or tendered as
deferred or delayed payment.
Market value – means the prevailing value paid for fisheries
resources of like kind and quality by fisheries businesses in
the same market area to fishermen who own their vessels.
Development Region – is a region of the state made up of
designated management areas established by the Board of
Fisheries and in which an election has been held and the
imposition of the RSD tax was approved. At present only
Prince William Sound and Bristol Bay have held elections
and approved the RSD tax.
Fishery – is the species and gear type that is subject to
the RSD tax. At present only salmon caught by drift gillnet
and set gillnet with limited entry permits beginning with the
designation S03E, S03T or S04E have elected to impose
the RSD tax.
Who Must File a Bonus Return?
Licensed buyers making bonus payments to fishermen for
resources previously reported on an RSD tax return are
required to file a bonus return.
Bonus Return Due Date
Bonus returns must be filed and the additional RSD tax paid
no later than the last day of the month following the month in
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.
If you are amending a previously filed return, attach a
statement with a brief explanation of the error along with a
description of the change(s) being made.
How do I amend my original return?
Check the “Amended” return box. Above the “Amended”
return box check whether you are a “Buyer” or “Fisherman”.
If you are a buyer, indicate the month and year the resources
were originally acquired. If you are a fisherman, indicate the
year the resources were exported or sold to an unlicensed
buyer(s).
Under column A, report the correct value of the resource.
Under column C, calculate the tax on the revised value and
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
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
return.
If line 5 is greater than line 4, subtract line 4 from line 5 and
show the result on line 6 as a negative number. This is the
amount of your overpayment which will be refunded to you.
Additional Forms
Download forms at: www.tax.alaska.gov/fish
You may reproduce or photocopy this form as needed or
request additional forms at: 907-465-2320 or fax your
request to 907-465-2375
Questions
You may email us at: dor.tax.fishexcise@alaska.gov
or call 907-465-2320

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