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Chapters

Alaska Chapter

Chapter President

Sherry Whah, EA
Sherry Whah, EA & Associates, LLC
431 E 45th Avenue
Anchorage, AK 99503-7303
907.677.2977

  
Picture Placeholder: John  Zollner, III
  • John Zollner, III
012/17/2014 8:03 PM

​Does any one have information on the proper procedures for filing an Alaska Housing Energy Rebate as non-taxable.  When the Energy Rebates first came out I discussed this issue with the accounting and legal departments at Alaska Housing after I saw that they were issuing form #1099M to report the rebate to IRS as income.  I argued that it was simply a reimbursement.  Their standpoint was that it was taxable and it was required to be reported on form #1099M. I asked them to show me the requirement which they did not.  IRS Pubs 551 & 525 suggest you can exclude an Energy Subsidies from income, without further instructions.  What documentation or procedure do you use to file so that you do not receive a CP2000 or considered as an under-reporter?

12/17/2014 8:03 PMNo
  
Picture: Megan Sonicksen
  • Megan Sonicksen
012/6/2013 10:16 AM

With tax season fast approaching, remember your Chapter discussion board can be a great resource for state and local tax issues as well as utilizing the state tax volunteers.

http://www.natptax.com/TaxKnowledgeCenter/Pages/StateTaxVolunteers.aspx

Megan Sonicksen, NATP Tax Communications​

12/6/2013 10:16 AMNo
  
Picture Placeholder: Megan Sonicksen
  • Megan Sonicksen
09/27/2013 9:40 AM

Please use this discussion board for discussions specifically relating to the Alaska Chapter, state or local tax discussions.

For general discussion items relating to business management, federal tax or education, please use the discussion board located under Member Center>Community.

9/27/2013 9:40 AMNo

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