Form Dr 0112ep - Corporate Estimated Tax Payment Form - 2016
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DR 0112EP (06/02/15)
COLORADO DEPARTMENT OF REVENUE
Denver CO 80261-0008
Corporate Estimated Income Tax
Instructions
See publication FYI Income 51 for more information,
Calculating the Payment
available at
Use the provided Worksheet to calculate the amount of
General Rule
estimated tax owed. Payments and forms shall be submitted
using the same method (separate, consolidated, combined)
In most cases, a corporation is required to pay estimated
and using the same account number as will be used on the
tax if it can reasonably expect the net tax liability will
annual income tax return, Form 112. If, for any reason, the
exceed $5,000 for 2016. For taxpayers with a short taxable
account numbers are inconsistent, the department must be
year, estimated tax payments must be remitted if the tax
notified in writing prior to filing Form 112.
is expected to exceed $5,000 plus estimated credits.
This notification shall be mailed to:
Or, if a short taxable year is the result of a change in the
accounting period, then income for the short period must
Colorado Department of Revenue
be multiplied in a manner so that income is estimated at a
Denver CO 80261-0008
full 12-month year. In this case, estimated tax would be due
Remit payments according to the due date table
if the net tax liability on the calculated full-year is expected
provided (adjust for fiscal year taxpayers). It is strongly
to exceed $5,000.
recommended that these payments be submitted
Required Payments
electronically to avoid problems and delays. See the box
below for details. The single form can be copied and used
The required annual amount to be paid is the smaller of:
for each of the four quarterly payments if an electronic
a. 70% of the actual net Colorado tax liability.
payment cannot be made for any reason.
b. 100% of the preceding year’s net Colorado tax liability.
Penalties
This rule only applies if the preceding year was a
12-month tax year, the corporation filed a Colorado
Failure to timely remit estimated tax as necessary will result
return, and the corporation is not defined as a large
in a Estimated Tax Penalty. Penalty will be calculated for
each missed or late payment. For calculation specifics,
corporation* under section 6655 of the federal Internal
or to remit this penalty before being billed, see Form 205,
Revenue Code.
Underpayment of Corporate Estimated Tax.
*Any large corporation may base their first quarter estimated
tax payment on 25% of the tax liability from the previous
Go Green with Revenue Online
year. However, the remaining payments must be based on
Taxpayers can use to
the actual tax liability for the current year. If, after calculating
pay online. Online payments reduce errors and provide
the tax liability for the current year, it is determined that
instant payment confirmation. Revenue Online also allows
the first quarter was underestimated the shortage shall be
users to file taxes, remit payments and to monitor their tax
calculated into and paid with the second quarter.
accounts. The paper Form 0112EP or an online return is not
required if an online payment is made. Please be advised
that a nominal processing fee may apply to online payments.
Pay by Electronic Funds Transfer (EFT)
The EFT payment option is a free service. EFT payments
can be made safely, and can be scheduled up to 12 months
ahead of time to avoid forgetting to make a quarterly payment.
EFT services require pre-registration before payments can
be made. Visit
Additional information, FYI publications and forms are
available at or you may call
303-238-SERV (7378) for assistance.
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