A tax return is a form on which a person or entity reports income, deductions, and exemptions to the federal or state taxing authority (IRS or state tax authority), and on which the person or entity’s income tax liability is calculated.
In Alaska, as in all states, a tax return is a document filed with a tax authority that reports income, deductions, and exemptions. For federal taxes, individuals and entities in Alaska file their tax returns with the Internal Revenue Service (IRS). However, Alaska is unique in that it does not have a state personal income tax, so residents are not required to file a state tax return for personal income. This means that individuals in Alaska only deal with the IRS for their income tax obligations. For businesses, Alaska does impose a corporate income tax, and businesses must file the appropriate tax returns with the Alaska Department of Revenue. Additionally, Alaska has other state-level taxes, such as oil and gas production taxes, for which returns must be filed according to state regulations.