Alaska Administrative Code — Title 15 (Revenue)

15 AAC 20.330

Water's edge combined reporting method

Official textakleg.govlast amended Mar 06, 1998

# (a)

A corporation, except a corporation required to be included in a return under AS 43.20.144, must file a return under AS 43.20.145 using the water's edge combined reporting method if that corporation is a member of an affiliated group as defined in 15 AAC 20.335.

# (b)

A corporation that is a member of an affiliated group and that has nexus with the State of Alaska shall file a return under (a) of this section even if that corporation could not be included in the water's edge combined report of an affiliated corporation under AS 43.20.145.

# (c)

A taxpayer required to file a water's edge return under AS 43.20.145 shall instead file a worldwide combined return under AS 43.20.142 if the department determines that the taxpayer has not

# (1)

complied with the domestic disclosure spreadsheet requirements of 15 AAC 20.390;

# (2)

substantially complied with the requirements of 15 AAC 20.330 - 15 AAC 20.390;
or

# (3)

provided, within 120 days after receipt of the department's request, the information necessary for the department to audit the taxpayer's return; the department will, in the department's discretion, extend the 120 day period for good cause as determined by the department.

# (d)

If a worldwide combined return is required under (c) of this section, the period of limitation for assessment under AS 43.05.260 does not begin to run until the filing of the worldwide combined return with the department.
(Eff. 7/9/93, Register 127; am 3/6/98, Register 145)
Statutory Authority:
Authority:
AS 43.05.080 AS 43.20.145
Editor's note:
In 2012 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 43.20.065 as AS 43.20.142, former AS 43.20.072 as AS 43.20.144, and former AS 43.20.073 as AS 43.20.145.
As of Register 204 (January 2013), the regulations attorney made conforming technical revisions under AS 44.62.125(b)(6), to 15 AAC 20.330, so that cross-references to former AS 43.20.065, 43.20.072, and 43.20.073 now refer to the renumbered statutes, AS 43.20.142, 43.20.144, and 43.20.145. In addition, the regulations attorney made a conforming technical revision to the authority citation that follows 15 AAC 20.330, so that the citation to former AS 43.20.073 now refers to the renumbered statute, AS 43.20.145.

Amendment history

Eff. 7/9/93, Register 127; am 3/6/98, Register 145

Source: official source document (full AAC Title 15 PDF)

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