Withholding 5: Colorado Wage Withholding Tax Requirements - Department Of Revenue (Page 5 of 5) in pdf

CORRECTING W-2S

If a W-2 is issued with any errors, the employer must send a W-2C to correct the error to the Department on or

before the due date of the original W-2 (January 31). If too little was withheld, the Department will send a bill to

the employer for the difference. If too much was withheld, the employer must request a claim for refund for the

difference. Submit the corrected W-2C form with a cover letter to:

Colorado Department of Revenue

Discovery Section Room 634

PO Box 17087

Denver, CO 80217-0087

W-4 FORMS

Colorado does not have a state equivalent of the federal form W-4. Employees should complete the federal W-4 for

both federal and Colorado wage withholding tax purposes. An employer must file with the Department of Revenue

any W-4 for any employee who is expected to earn more than $200 per week and who lists more than 10 withholding

allowances or an exempt status. Additionally, these W-4 forms shall include a cover letter listing the employer name,

address, FEIN, and the number of Withholding Allowance Certificates included. The Colorado Department of Revenue

will contact you should it be determined that the requested exemptions must be modified. Withholding Allowance

Certificates should be mailed to:

Colorado Department of Revenue

Discovery Section Room 634

PO Box 17087

Denver, CO 80217-0087

1099 PAYORS

Taxpayers who withhold amounts paid and reported on a 1099 form must set up a separate account to pay the 1099

withholding. See FYI Withholding 7, Colorado 1099/W-2G Income Withholding Tax Requirements.

MOTION PICTURE PRODUCTION

Employers that employ nonresidents of Colorado who perform services in connection with any phase of a motion

picture production, television production, or television commercials for less than 120 days during any calendar year

are exempt from Colorado income tax withholding.

WITHHOLDING FILING FORMS AND RESOURCES

§ 39-22-604, C.R.S.

Revenue Online,

Colorado Business Registration (Withholding Tax Application),

https://

Withholding Tables (DR 1098)

EFT Information Packet (DR 5782)

FYIs provide general information concerning a variety of Colorado tax topics in simple and straightforward language. Although the FYIs represent a

good faith effort to provide accurate and complete tax information, the information is not binding on the Colorado Department of Revenue, nor

does it replace, alter, or supersede Colorado law and regulations. The Executive Director, who by statute is the only person having the authority to

bind the Department, has not formally reviewed and/or approved these FYIs.

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