Who files Colorado Form 106?
Form 106 is the Income Tax Return for Pass-Through Entities and Composite Filing for Nonresidents issued by the Colorado Department of Revenue. The 106 Tax Return is to be filled out by a partnership, joint venture, common trust fund, limited association, pool or working agreement, limited liability company or any equivalent group of persons or interests, whose partnership income derives from Colorado sources. Such business entities are obliged to provide a federal partnership return of income.
Why is the Form 106 Income Tax Return important?
The Income Tax Return Form 106 is supposed to be submitted for the eligible pass-through entities to be able to report their earnings gained from various sources, tax liability due, details of paid taxes and any refunds that are expected to be given by the government.
When is the 106 Form due?
The Income Tax Return for Pass-Through Entities and Composite Filing for Nonresidents must be filled out and submitted prior to the 15th day of the 4th month after the fiscal year-end or after the six-month extension granted automatically, if any. Therefore, typically the deadline for the submission of Form 106 is April, 15 if it falls on a business day.
Is the 106 Income Tax Return accompanied by any other forms?
There is no need to attach any documentation to the filled out Colorado Income Tax Return for Pass-Through Entities and Composite Filing for Nonresidents.
How to fill out the Colorado Form 106?
The fillable form 106 2011 contains very detailed and comprehensive instructions on 6 of its 12 pages. These instructions should be properly followed depending on the type of the organization completing the return report.
Where to send the Colorado Form 106?
The completed and double-checked Tax Return Report is to be delivered to the Colorado Department of Revenue, its mailing address is PO Box 17087, Denver, 80217-0087.