Form Dr 0205 - Computation Of Penalty Due Based On Underpayment Of Colorado Corporate Estimated Tax - 2015

Download a blank fillable Form Dr 0205 - Computation Of Penalty Due Based On Underpayment Of Colorado Corporate Estimated Tax - 2015 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form Dr 0205 - Computation Of Penalty Due Based On Underpayment Of Colorado Corporate Estimated Tax - 2015 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

*DO=NOT=SEND*
DR 0205 (07/02/15)
COLORADO DEPARTMENT OF REVENUE
Denver CO 80261-0006
Instructions for DR 0205
Part 1 Generally you are subject to an estimated tax
tax liability for the current tax year and any underpayment
occurring in the first quarter as a result of this estimation
penalty if your 2015 estimated tax payments are not paid
in a timely manner. The estimated tax penalty will not be
must be repaid with the second quarterly payment.
assessed if the Colorado tax liability is less than $5,000.
Part 3 Compute the penalty on lines 10 through 22 of DR
Part 2 The required annual amount to be paid is the
0205. Complete each column before going to the next
lesser of:
column. The dates to be entered on line 10 are the 15th
day of the fourth, sixth, ninth and twelfth month of the
1. 70% of actual net Colorado tax liability, or
taxable year. Corporations filing for a short tax year must
2. 100% of preceding year's Colorado tax liability:
adjust lines 9, 10 and 11 accordingly. Large corporations
only applies if
must complete line 11 based on the computations from
• The preceding year was 12-month tax year, and
line 9 or 29.
• The corporation filed a Colorado return, and
Part 4 Taxpayers who do not receive income evenly during
• The corporation is not defined under section
the year may elect to use the annualized income installment
6655 of the federal IRS code as a large
method to compute their estimated tax payments if they
corporation.*
elected annualized installments or adjusted seasonal
*Large corporations can base their first quarter estimated
installments for the payment of their federal income tax.
tax payment on 25% of the previous year's tax liability.
Complete the annualized installment method schedule to
However, future payments must be based on the actual
compute the amounts to enter on line 11.
For additional information regarding the estimated tax penalty see FYI Income 51, which is available at

ADVERTISEMENT

00 votes

Related Articles

Top 20 Happy Easter Cards And Gift Tags To Download For Free
Top Ten Easter Arts And Crafts Activities For Your Kids
Free Easter Coloring Pages And Easter Printables For Your Kids

Related forms

Form Dr 8453c - State Of Colorado Corporate Income Tax Declaration For Electronic Filing - 2015 Form Dr 8453c - State Of Colorado Corporate Income Tax Declaration For Electronic Filing - 2015 Financial
Form Dr 8453c - State Of Colorado Corporate Income Tax Declaration For Electronic Filing Form Dr 8453c - State Of Colorado Corporate Income Tax Declaration For Electronic Filing Financial
Form Dr 0204 - Computation Of Penalty Due Based On Underpayment Of Colorado Individual Estimated Tax - 2015 Form Dr 0204 - Computation Of Penalty Due Based On Underpayment Of Colorado Individual Estimated Tax - 2015 Financial
Form Dr 0205 - Computation Of Penalty Due Based On Underpayment Of Colorado Corporate Estimated Tax - 2014 Form Dr 0205 - Computation Of Penalty Due Based On Underpayment Of Colorado Corporate Estimated Tax - 2014 Financial
Form Dr 0205 - Computation Of Penalty Due Based On Underpayment Of Colorado Corporate Estimated Tax - 2013 Form Dr 0205 - Computation Of Penalty Due Based On Underpayment Of Colorado Corporate Estimated Tax - 2013 Financial
Form Dr 0205 - Computation Of Penalty Due Based On Underpayment Of Colorado Corporate Estimated Tax - 2012 Form Dr 0205 - Computation Of Penalty Due Based On Underpayment Of Colorado Corporate Estimated Tax - 2012 Financial
Form Dr 0204 - Computation Of Penalty Due Based On Underpayment Of Colorado Individual Estimated Tax - 2011 Form Dr 0204 - Computation Of Penalty Due Based On Underpayment Of Colorado Individual Estimated Tax - 2011 Financial
Form Dr 0204 - Computation Of Penalty Due Based On Underpayment Of Colorado Individual Estimated Tax - 2014 Form Dr 0204 - Computation Of Penalty Due Based On Underpayment Of Colorado Individual Estimated Tax - 2014 Financial
Form Dr 0206 - Computation Of Penalty Due Based On Underpayment Of Colorado Severance Estimated Tax Form Dr 0206 - Computation Of Penalty Due Based On Underpayment Of Colorado Severance Estimated Tax Financial
Form Dr 0204 - Computation Of Penalty Due Based On Underpayment Of Colorado Individual Estimated Tax - 2013 Form Dr 0204 - Computation Of Penalty Due Based On Underpayment Of Colorado Individual Estimated Tax - 2013 Financial

Related Categories

Parent category: Financial
Download
Go
Page of 3