State of Alaska > Departments > Revenue > PFD Division >
Reporting a Dividend for Federal Taxes
Reporting your 2008 Dividend of $3269 for Federal Tax Purposes
Don't forget that the Alaska PFD (including the one-time addition of the $1,200 Alaska Resource Rebate) is taxable income
for Federal Tax returns. Be sure to set aside enough to cover your tax bill, or
consider making an Estimated Payment when you get your PFD. For more information
on how to report the Alaska PFD income on the Federal Tax Return
contact the IRS at 1(800) 829-1040 or visit the IRS website at
http://www.irs.gov/newsroom/article/0,,id=186621,00.html
Dividends for both adults and children are taxable for federal income tax
purposes. Even if part or all of your dividend was garnisheed, the entire
amount of the dividend must be reported as taxable income. If you fail to
report the PFD on your federal income tax return, a negligence penalty or other
sanctions may be imposed on you.
The amount of the 2008 Permanent Fund Dividend is $3,269.00.
The state's Federal Tax Identification number is 92-6001185.
The PFD Division's mailing address is:
Permanent Fund Dividend Division
PO Box 110462
Juneau, AK 99801-0462 |
Report the amount of your or your child's PFD on IRS form 1040 on the line for
"Other Income." If you are eligible to file forms 1040A, 1040EZ or Tele File,
you may report this amount on the line for "Unemployment Compensation."
If taxes were withheld from your or your child's PFD, report the withheld amount
on IRS form 1040 on the line for "Federal Tax Withheld." If a refund is due
after you report the dividend and taxes withheld, the IRS will issue any refund
due.
The Permanent Fund Dividend Division does not provide tax advice to dividend
recipients. Contact the IRS by calling 1 (800) 829-1040, visit their website at
http://www.irs.gov/newsroom/article/0,,id=186621,00.html or contact a tax preparer in your area for additional
information.
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