Form 405 Alcoholic Beverages Surety Bond is the surety bond that the Alaska Department of Revenue, Tax Division, uses to secure payment of alcoholic beverages fees and taxes owed by a business under AS 43.60. A principal and an insurance company acting as surety sign it together, and it covers one state fiscal year, July 1 through June 30. On FillingPDF you can fill out the form online and download or print the completed PDF; the bond is delivered to the Tax Division by mail, as the form directs.
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What is 405?
Form 405, Alcoholic Beverages Surety Bond, is the Alaska Department of Revenue, Tax Division, bond in which a principal and a surety bind themselves to the State of Alaska to pay alcoholic beverages fees and taxes, penalties and interest owed by the principal for a stated fiscal year.
The form cites AS 43.60.040 and refers to the alcoholic beverages tax and licensing laws of the State of Alaska (AS 43.60). It is a three-party instrument in practice: the principal (the business that owes the fees and taxes), the surety (an insurance company incorporated under the laws of a named state and authorized to do business in Alaska) and the obligee, the State of Alaska, Department of Revenue. The principal and surety are bound jointly and severally, and the printed text extends the obligation to their executors, administrators, heirs, assigns and successors.
The condition of the bond is that the principal pays when due all alcoholic beverages fees and taxes, penalties and interest due and to become due during the fiscal year that begins July 1 and ends June 30 of the year written on the form. The bond states that it may not be canceled and that the surety's liability continues until the statute of limitations has expired on all alcoholic beverages excise taxes due from the principal for that fiscal year. The penal sum is printed on the form itself.
The Tax Division lists the bond among its Alcoholic Beverage Tax forms. It is a bond, not a tax return: it does not report or pay any tax.
Who needs to file 405?
The form is completed by two parties: the principal and the surety.
- Principal: the business whose alcoholic beverages fees and taxes the bond secures. The form asks you to check one business type: Corporation, Partnership, Sole proprietor, LLC or Other.
- Surety: an insurance company that is incorporated under the laws of a state named on the form and authorized to do business in the State of Alaska.
Each party signs through an authorized agent, and the form provides an ATTEST line for the secretary of the principal and the secretary of the surety. The form states that it is signed by each party's undersigned representative, if any, pursuant to authority of its governing body.
The printed form does not say which licensees or taxpayers must post a bond, and it sets no exclusions. Questions about whether your business must provide this bond belong with the Alaska Tax Division, which lists the form with its Alcoholic Beverage Tax forms and can be reached at 907.269.6620.
When to file 405
The bond covers one fiscal year, beginning July 1 and ending June 30 of the year entered on the form, so it is prepared for the fiscal year whose alcoholic beverages fees and taxes it secures. The form prints no separate due date and does not say how far ahead of July 1 it must reach the Tax Division; confirm timing with the Division at 907.269.6620.
Because the bond cannot be canceled and the surety's liability runs until the statute of limitations has expired on the alcoholic beverages excise taxes for that fiscal year, a new bond is needed for each fiscal year it is meant to cover. The form is dated on the execution line, "this ___ day of _, 20," when the parties sign.
How to fill out 405
Enter principal name and bond number
At the top, enter the Principal Name and the Bond Number, then the Principal Address.
Check the business type
Under Business Type (check one), mark Corporation, Partnership, Sole proprietor, LLC or Other. Check only one box.
Name the surety company
In the sentence beginning "We, as principal(s), and as surety," enter the name of the insurance company as the surety.
Enter the surety's state of incorporation
Enter the state under whose laws the surety is incorporated. The surety must be authorized to do business in Alaska, as the form states.
Enter the fiscal year
In the condition paragraph, complete the fiscal year that begins July 1 and ends June 30, writing the year on each blank.
Date the execution clause
In the "In witness whereof" paragraph, enter the day, month and year on which the parties execute the bond.
Sign for the principal
The principal signs by its authorized agent on the By line, affixes its seal, and has the Secretary of Principal complete the ATTEST line.
Sign for the surety
The surety signs by its authorized agent on the By line, affixes its seal, and has the Secretary of Surety complete the ATTEST line.
Review and download the completed PDF
Check the names, bond number, fiscal year and dates. Download or print the completed PDF from FillingPDF, then collect the signatures and seals as needed and mail it as described under How to submit.
How to submit 405
The only channel printed on Form 405 is mail.
- By mail: Alaska Department of Revenue, Tax Division, 550 W Seventh Ave, Suite 500, Anchorage, AK 99501-3555.
- Questions: the form gives the Tax Division website, www.tax.alaska.gov, and the telephone number 907.269.6620.
Send the bond after the principal and the surety have both signed, attested and affixed their seals, with each fiscal-year date and the execution date completed. The form names no other delivery method, and it does not mention a fee. The Division's forms listing is at https://tax.alaska.gov/programs/forms.aspx. FillingPDF lets you fill out and download the PDF; submission follows the channel above.
Common mistakes to avoid
- Checking more than one business type; the form says to check one: Corporation, Partnership, Sole proprietor, LLC or Other.
- Naming a surety that is not an insurance company authorized to do business in the State of Alaska.
- Leaving the fiscal-year year blank, so the July 1 to June 30 coverage period is not identified.
- Submitting the bond with only one party's signature; both the principal and the surety sign through an authorized agent.
- Omitting the ATTEST line for the secretary of the principal or of the surety, or leaving the seal lines empty.
- Leaving the execution date (day, month and year) blank above the signatures.
- Sending the bond somewhere other than 550 W Seventh Ave, Suite 500, Anchorage, AK 99501-3555, the Tax Division address printed on the form.
- Expecting to cancel the bond mid-year; the form states it may not be canceled and liability continues until the statute of limitations expires.
Frequently asked questions
What is Form 405, the Alaska alcoholic beverages surety bond?
Form 405 is the Alaska Department of Revenue, Tax Division, surety bond for alcoholic beverages fees and taxes. A principal and a surety bind themselves to the State of Alaska to pay fees, taxes, penalties and interest owed under AS 43.60 for one fiscal year.
Can I fill out this surety bond online?
Yes. You can fill out the PDF online on FillingPDF and download or print it. FillingPDF is an independent service and does not file the bond; you mail the signed bond to the Alaska Tax Division yourself.
Who signs Form 405?
Both the principal and the surety sign, each through an authorized agent, with a seal and an attestation by the secretary of each party. The execution paragraph states that representatives sign under authority of the party's governing body.
What period does the bond cover?
One fiscal year, beginning July 1 and ending June 30 of the year written on the form. The bond secures the alcoholic beverages fees and taxes, penalties and interest due and to become due from the principal during that year.
Can the bond be canceled?
No. The form states that the bond may not be canceled and that the surety's liability continues until the statute of limitations has expired on all alcoholic beverages excise taxes due from the principal for the fiscal year shown.
Where do I mail Form 405?
Mail it to Alaska Department of Revenue, Tax Division, 550 W Seventh Ave, Suite 500, Anchorage, AK 99501-3555. The form also lists www.tax.alaska.gov and 907.269.6620 for questions and names no other submission channel.
What kind of company can act as surety?
The form describes the surety as an insurance company, a corporation incorporated under the laws of a state named on the form and authorized to do business in the State of Alaska.
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