CO Income Tax Filing Guide 2016 free printable template

This form apportions your gross income so that Colorado tax is calculated for only your Colorado income. Amount on line 33 divided by the amount on line 32 34 35. Tax from the tax table based on income reported on Colorado Form 104 line 6 35 36. 19 Tax Table. 29 Checkoff Colorado Information.. 31 Departmental Use Only 160104 19999 FORM 104 08/26/16 www. Colorado Taxable Income line 4 minus line 5 6 Name Tax Prepayments and Credits full-year residents go to Form 104CR and part-year and...nonresidents go to Form 104PN 7. Colorado Tax from tax table or Form 104PN line 36 8. Alternative Minimum Tax from Form 104AMT 9. Recapture of prior year credits 11. 8537. 8037. 7037. 6737. 6237. 6037. 5577 To find your tax from the table below read down the taxable income column to the line containing your Colorado the tax column and enter this amount on Form 104 line 7. You must mark the nonresident status-305 day exception box on Form 104PN. Those with a Home of Record from any other state...but who are stationed in Colorado are not required to pay Colorado tax on their military income. This is your Colorado taxable income and is the figure used to determine how much Colorado tax is owed if any. Part-Year Residents or Nonresidents Go To Form 104PN. Full-Year Residents Continue To Line 7 The income tax rate is currently 4. Catch mistakes on your return before you file. Set up a payment plan* Upload attachments that go with your return* Pay your tax bill e-check credit card or EFT....Check the status of your refund. File a protest. Booklet Includes Instructions Related Forms Official State of Colorado Publication Manage your account. File and pay online. Get started with Revenue Online today www. Colorado. gov/RevenueOnline If you are filing this return With A Payment Without Mail To COLORADO DEPARTMENT OF REVENUE Denver CO 80261-0006 Page 2 Disclosure of Colorado Expenditures and Revenues Due to rounding the values in each chart may not sum to 100 Revenues by Source...Expenditures by Function Other Federal Grants Contracts Transportation Justice Taxes Education Business Community Consumer Affairs Interest Rents License Permits Fines Charges for Goods Services Social Assistance Disclosure of Average Taxes Paid Fiscal Year 2014 Adjusted Family Money Income Less 10 000 15 000 20 000 30 000 40 000 50 000 70 000 80 000 100 000 than to and 10 000 14 999 19 999 29 999 39 999 49 999 69 999 79 999 99 999 over Average State Taxes Individual Income Sales Gasoline and...Special Fuels Licenses and Registrations Alcoholic Beverages Cigarettes and Tobacco Total State Taxes Local Taxes Residential Property Sales and Use Specific Ownership Occupation Total Local Taxes Federal Taxes Medicare Social Security Total Federal Taxes 11 115 14 720 18 786 31 686 13 261 49 547 17 513 Total Taxes Paid Households Employers Less Taxes Paid by Employer Households Only 12 079 16 078 12 771 20 479 16 327 25 456 20 314 62 267 53 337 23 207 19 349 Employers and households both pay...taxes to Medicare and Social Security on employees behalf* Note MTS LID and LMD checks are cut directly to cities or counties.

Instructions and Help about CO Income Tax Filing Guide

How to edit CO Income Tax Filing Guide

How to fill out CO Income Tax Filing Guide

Instructions and Help about CO Income Tax Filing Guide

How to edit CO Income Tax Filing Guide

To edit the CO Income Tax Filing Guide, you can utilize pdfFiller’s features that allow you to fill out or modify the form directly online. Users can edit text fields, checkboxes, and dates by clicking on the respective areas in the form. Ensure that all alterations comply with tax regulations and review all changes for accuracy before submission.

How to fill out CO Income Tax Filing Guide

Filling out the CO Income Tax Filing Guide involves several key steps:

1. Gather all necessary financial documents, including W-2s and 1099s.
2. Access the form through an official state website or a reliable source.
3. Complete each section accurately, ensuring all income, deductions, and credits are reported.
4. Review the form thoroughly for any errors or omissions.
5. Submit the form by mail or electronically by the due date.

About CO Income Tax Filing Guide 2016 previous version

What is CO Income Tax Filing Guide?

What is the purpose of this form?

Who needs the form?

When am I exempt from filling out this form?

Components of the form

What are the penalties for not issuing the form?

What information do you need when you file the form?

Is the form accompanied by other forms?

Where do I send the form?

About CO Income Tax Filing Guide 2016 previous version

What is CO Income Tax Filing Guide?

CO Income Tax Filing Guide is a document required by the state of Colorado for residents to report their annual income and calculate their tax liability. This guide serves as a structured template that ensures all relevant income and deductions are accounted for in compliance with state tax laws.

What is the purpose of this form?

The primary purpose of the CO Income Tax Filing Guide is to facilitate the accurate reporting of income for state tax purposes. It enables the Colorado Department of Revenue to assess the tax owed by individuals based on their financial information for the tax year in question.

Who needs the form?

All residents of Colorado who earn income are generally required to fill out the CO Income Tax Filing Guide. This includes individuals employed in various sectors, self-employed individuals, and those receiving other types of income, such as rental or investment income.

When am I exempt from filling out this form?

Individuals who earn below a certain income threshold may be exempt from filing the CO Income Tax Filing Guide. Additionally, if you qualify for specific credits or exemptions set forth by the state, such as being a full-year resident age 65 or older with minimal income, you may not need to file.

Components of the form

The form typically consists of various sections, including personal information, income details, deductions, credits, and a summary of the total taxes owed or refundable. Each section requires specific information such as Social Security numbers, income amounts, and deduction eligibility.

What are the penalties for not issuing the form?

Failure to submit the CO Income Tax Filing Guide by the due date can result in penalties and interest charges on any taxes owed. The state of Colorado imposes these fees to encourage timely compliance with tax laws and to deter late filings.

What information do you need when you file the form?

When filing the CO Income Tax Filing Guide, you will need detailed information including, but not limited to:

1. Your Social Security number and that of your spouse and dependents.
2. A complete breakdown of all income sources, including wages and interest.
3. Documentation of any eligible deductions and tax credits.
4. Prior year tax return for reference.

Is the form accompanied by other forms?

Depending on your financial situation, the CO Income Tax Filing Guide may need to be accompanied by additional forms. These could include schedules for reporting specific types of income or adjustments, as well as forms related to credits and deductions claimed during the tax year.

Where do I send the form?

The CO Income Tax Filing Guide should be sent to the Colorado Department of Revenue. If filing by mail, ensure you use the appropriate address based on whether you are due a refund or owe additional taxes. For electronic submissions, follow the guidelines provided on the Colorado Department of Revenue website.

FAQ about CO Income Tax Filing Guide

How can I correct mistakes on my colorado tax form 2016?

To correct any errors on your colorado tax form 2016, you will need to file an amended return using Form DR 0004. Be sure to clearly indicate that it is an amended form and provide a detailed explanation of the changes. Additionally, confirm that you are submitting it within the allowed timeframe for amendments to avoid potential penalties.

What should I do if I haven't received confirmation of my colorado tax form 2016 filing?

If you have not received confirmation after e-filing your colorado tax form 2016, you can verify the status through the Colorado Department of Revenue's online portal. It will display whether your form has been received and is being processed. Keep an eye out for any common e-file rejection codes which might require you to take further action on your filing.

Are e-signatures acceptable when submitting a colorado tax form 2016?

Yes, e-signatures are acceptable for the colorado tax form 2016 when filed electronically. However, be sure to ensure that your e-signature meets the requirements set by the Colorado Department of Revenue. Retain all records of your submission for your personal files to maintain privacy and data security.

What should I do if I receive an audit notice after filing my colorado tax form 2016?

If you receive an audit notice regarding your colorado tax form 2016, carefully read the notice to understand what documentation is required and the specific areas under review. Prepare to gather all relevant documents, and consider consulting with a tax professional who can assist you with the audit process and help ensure you respond appropriately.