CO Income Tax Filing Guide 2018 free printable template

This form apportions your gross income so that Colorado tax is calculated for only your Colorado income. ZIP DR 0158-I 06/07/18 180158-I19999 2018 Extension Payment for Colorado Individual Income Tax Filing extensions are granted automatically only return this form if you need to make an additional payment of tax. Sum of lines 7 through 9. Tax Credits Visit Colorado. gov/Tax/Income-Tax-Credits to read more about which tax credits can be claimed on this form. Line 11 Nonrefundable Credits...Complete the DR 0104CR to claim various nonrefundable credits. The servicemember may make this election by filing a return and checking the applicable box on Form 104PN. Military servicemembers who are stationed in Colorado but are not Colorado residents are not required to pay Colorado tax on their military income. Automatic Filing Extension Colorado offers an automatic 6-month extension to file your income tax return if you cannot submit your return by the April 15 due date. This means that...you can file your return by October 15 without filing this form. While there is an extension to file there is not an extension to the payment due date. And royalty income received or credited to your account during the part of the year you were a Colorado resident and/or partnership/S corporation/fiduciary income that is taxable to Colorado during the tax year. 18. Enter all other income from form 1040 Schedule 1 lines 10 11 and 21. List Type 20. Total Income. Line 1 Federal Taxable Income Refer...to your federal income tax return to complete this line Form 1040 line 10 If your federal taxable income is a negative amount be sure to enter the amount as such on your Colorado return. If submitting a paper return put the negative amount in parentheses for example 1 234. Total tax payments and credits Add lines 2a through 2c 3. Tax due Subtract line 2d from line 1. Enter the result here and on the form below Return the DR 0158-I with check or money order payable to the Colorado Department of...Revenue Denver Colorado 80261-0008. The methodology for some estimates and income class categories changed from 2014 due to changes in the Bureau of Labor Statistics Consumer Expenditure Survey CES therefore estimates from prior years may not be comparable. Estimate of income uses the CES definition of money income which includes all sources of income taxable and nontaxable as well as transfer payments such as public assistance supplemental security income food stamps and other benefits or...contributions. Some taxpayers family money income estimate was negative. Negative income is associated with self-employment and investment losses. These taxpayers were excluded because we cannot reliably assign them to the income categories used in this table. The total state collections for drivers licenses was divided by the total number of filers yielding a flat fee across all income classes. The registrations and specific ownership fees/taxes paid were estimated using the total state...collections and the CES average number of vehicles for each income class.

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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

Edit the CO Income Tax Filing Guide using pdfFiller's tools, which allow you to input your information directly on the form. Simply upload the form to pdfFiller, and use the editing features to fill in your details. Once edits are made, you can save or print the form directly from the platform.

How to fill out CO Income Tax Filing Guide

Filling out the CO Income Tax Filing Guide requires careful attention to detail. Begin by gathering necessary financial documents, such as W-2s, 1099s, and any additional income reports. Then, follow these steps for completion:

1. Input your personal identification information, including name, address, and Social Security number.
2. Report your total income from all sources, ensuring accuracy to avoid penalties.
3. Deduct eligible expenses according to Colorado tax regulations.
4. Calculate your total tax liability and any credits that apply to you.
5. Sign and date the form before submission.

FAQ about CO Income Tax Filing Guide

What should I do if I realize I made a mistake after submitting my colorado tax form?

If you discover that you've made an error on your colorado tax form, you should file an amended return as soon as possible. Ensure you follow the specific instructions for corrections outlined by the Colorado Department of Revenue. It's critical to keep copies of both the original and amended submissions for your records.

How can I check the status of my colorado tax form after submission?

To track the status of your colorado tax form, you may use the Colorado Department of Revenue's online portal. You’ll typically need your Social Security number, the amount of your refund, and other identifying information. This will provide you with updates on the processing status of your return.

What are common errors to avoid when filing my colorado tax form electronically?

Common electronic filing errors include incorrect Social Security numbers, mismatched information with IRS records, and failing to sign your electronic submission. Take the time to review all entries and use available software checks to identify potential mistakes before filing.

What should I do if I receive a notice regarding my filed colorado tax form?

If you receive a notice or letter regarding your colorado tax form, carefully read it to understand the issue raised. Gather the necessary documentation to support your position and respond promptly, as outlined in the notice. If necessary, consider consulting a tax professional for guidance.