Alaska Administrative Code — Title 15 (Revenue)
15 AAC 20.360
Records of intercompany transactions
An affiliated corporation included in a taxpayer's water's edge return shall maintain records of intercompany transactions. Upon notification by the department of the department's intent to perform an audit of the taxpayer, an affiliated corporation shall make available to the department, within 120 days of notification, records sufficient to show the following:
# (1)
for each transfer of goods or services between a corporation in the water's edge combined group and a corporation not in the water's edge combined group that was an affiliated corporation at any time during the tax year, the
# (A)
identity of the goods or services transferred, including the model number, description, property identification number, and account code, if applicable;
# (B)
number or amount of goods or services transferred;
# (C)
identity of the transferor and the transferee; and
# (D)
price and any other consideration for the transfer;
# (2)
for each transfer of the types of goods or services identified in this section to nonaffiliated corporations during the tax year or the immediately preceding tax year,
# (A)
the number or amount of goods or services transferred; and
# (B)
the price of those goods or services.
(Eff. 7/9/93, Register 127; am 3/6/98, Register 145)
Statutory Authority:
Authority:
AS 43.05.080 Art. IV, § 18, AS 43.20.145
AS 43.19.010 Ak Const.
Editor's note:
In 2012 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 43.20.073 as AS
43.20.145.
As of Register 204 (January 2013), the regulations attorney made a conforming technical revision under AS 44.62.125(b)(6), to the authority citation that follows 15 AAC 20.360, 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)
In this chapter (40 sections)
- 20.120 · Alternative energy expenditure credit; eligibility
- 20.122 · Alternative energy system substantiation
- 20.124 · Energy conservation improvement substantiation
- 20.130 · Rates of tax
- 20.135 · Alternative minimum tax and credit for prior year minimum tax
- 20.140 · Determination of net capital gain or loss
- 20.145 · Credits adopted by reference
- 20.150 · Requirement to file returns electronically
- 20.155 · Electronic filing waivers
- 20.200 · Definitions
- 20.260 · Film production tax credit
- 20.300 · Combination and apportionment
- 20.310 · Unitary business
- 20.320 · Attribution of income
- 20.330 · Water's edge combined reporting method
- 20.335 · Affiliated group
- 20.340 · Worldwide combined reporting
- 20.345 · Water's edge returns
- 20.350 · Intercompany transactions
- 20.355 · Adjustments to intercompany transactions
- 20.360 · Records of intercompany transactions
- 20.375 · Income for the water's edge combined group
- 20.380 · Factors assignable to locations within the United States
- 20.385 · Treatment of foreign dividends and royalties
- 20.390 · Domestic disclosure spreadsheet
- 20.410 · Corporations engaged in oil or gas production or pipeline
- 20.420 · Reporting requirements
- 20.421 · Apportionment of petroleum business income of a taxpayer…
- 20.422 · Transition rule for taxpayers subject to 43.20.144 for…
- 20.430 · Taxable income
- 20.440 · Section 72 business income
- 20.445 · Intangible drilling and development costs
- 20.450 · Federal taxable income
- 20.460 · Attribution of income
- 20.470 · Allocation of general overhead and administrative expense
- 20.480 · Depreciation expense for oil and gas taxpayers
- 20.490 · Apportionment rules for oil and gas taxpayers
- 20.500 · Sales, property and extraction factors
- 20.510 · Records
- 20.520 · Relief