Form Dr 0205 - Computation Of Penalty Due Based On Underpayment Of Colorado Corporate Estimated Tax - 2014

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*140205==19999*
DR 0205 (06/24/14)
COLORADO DEPARTMENT OF REVENUE
Denver CO 80261-0006
2014
Computation of Penalty Due Based on
Underpayment of Colorado Corporate Estimated Tax
Corporation Name
Colorado Account Number
Part 1 — Exception
1. Enter the 2014 tax liability including any credit recapture after reduction for all credits other
than estimated tax and withholding tax payments and credits
$
2. Statutory exemption
$
5,000.00
3. Line 1 minus line 2. If line 2 is larger, enter zero and no penalty is due
$
Part 2 — Required Annual Payment
4. Enter the 2014 tax liability (including any credit recapture) after reduction for all credits other
than estimated tax and withholding tax payments and credits
$
5. Enter 70% of the amount on line 4
$
6. Enter the 2013 Colorado tax liability (including any credit recapture) after reduction for all credits
other than estimated tax and withholding tax payments and credits. If you did not file a 2013
Colorado return, enter the amount from line 5 here and on line 7.
$
7. Required payment. Enter the smaller of lines 5 or 6
$
8. Does the taxpayer qualify as a large corporation under section 6655 of the federal IRS code?
Yes
No
If yes, go to line 9. If no, skip to line 10.
9. (a) Enter 25% of line 5
$
(b) Enter 25% of line 6
$
(c) Line 9(a) minus line 9(b). If line 9(b) is larger, enter 0
Enter the smaller of lines 9(a) or 9(b) on line 11 in column 1.
Enter the total of lines 9(a) and 9(c) on line 11 in column 2.
$
Enter the amount from line 9(a) on line 11 in columns 3 and 4.

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