Alaska Fishery Resource Landing Tax Return 2025

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  1. Click ‘Get Form’ to open the Alaska Fishery Resource Landing Tax Return in the editor.
  2. Begin by entering your vessel information on the front page. If you operate multiple vessels, complete Schedule 7 – Vessel List.
  3. Fill out the estimated tax payment section, ensuring you calculate quarterly payments based on either 90% of the current year's tax or 100% of the previous year's tax.
  4. Complete Schedules 1E and 2E for reporting fishery resources not harvested under a Community Development Quota (CDQ). Use the drop-down lists for species names and codes.
  5. Indicate the appropriate recovery percentage for each species landed and report weights accurately under 'Unprocessed Weight (lbs.)' and 'Processed Weight (lbs.)'.
  6. Ensure all location codes are filled out correctly based on where the fishery resources were landed, using separate lines for different locations if necessary.

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I clicked yes and then a drop down list of states appears. But ALASKA is not on the list, Why?? As DoninGA explains, Alaska isnt listed since it does not have a personal income tax. TurboTax is asking this question to determine how to allocate income on the state tax returns, which should not apply in your case.
Alaska has a graduated corporate income tax, with rates ranging from 0.0 percent to 9.4 percent. Alaska does not have a state sales tax but has an average combined state and local sales tax rate of 1.82 percent. Alaska has a 1.07 percent effective property tax rate on owner-occupied housing value.
Small Corporate Businesses C corporations in the United States are subject to a flat 21% corporate tax rate. Generally there is no minimum income you have to meet before your small corporation is taxed. Every dollar it earns (after deductions and credits are factored in) will be taxed at 21%.
Are both real and personal property taxable in Alaska? Yes. AS 29.45. 010 allows for the assessment and taxation of both real and personal property.
RE: Fishery Business Tax The tax is based on whether the fishery is established or developing. Established rates are 5% for floating facilities, 4.5% for Salmon Canneries and 3% for shore based facilities and 3% for developing resources from Floating facilities and 1% for shore-based developing resources.

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If you make $100,000 a year living in the region of Alaska, United States of America, you will be taxed $22,671. That means that your net pay will be $77,329 per year, or $6,444 per month.
The tax is based on whether the fishery is established or developing. Established rates are 5% for floating facilities, 4.5% for Salmon Canneries and 3% for shore based facilities and 3% for developing resources from Floating facilities and 1% for shore-based developing resources.
If youre going to be in the Kenai River and Soldotna, Alaska, area we are happy to help you out with this as we have our own fish processing located there. We offer all of our customers a discounted fish processing rate of $1.50 per pound to portion, vacuum seal, and freeze if you are able to bring it to Soldotna.

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