Form Dr 0106ep - Colorado Composite Nonresident Estimated Tax Payment Form - 2016

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DR 0106EP (06/02/15)
*DO=NOT=SEND*
COLORADO DEPARTMENT OF REVENUE
Denver, CO 80261-0008
Composite Nonresident Return Estimated Income Tax
Instructions
Estimated tax is the method used to pay tax on income
Calculating the Payment
that is not subject to withholding. Individuals who are not
Use the provided Worksheet to calculate the amount
residents of Colorado (nonresidents) must pay tax on any
of estimated tax owed for each nonresident individual
Colorado-source income. This is intended for nonresident
included in the composite. Reference the previous year
individuals who are included in a form 106 composite filing.
Colorado income tax return form and instructions for help
See publications FYI – Income 51 and Income 54 for more
determining taxable income. Submit payments according
information, available at
to the due date table provided.
General Rule
It is strongly recommended that these payments be
submitted electronically to avoid problems and delays.
In most cases, you will pay estimated tax if an individual
The single form can be copied and used for each of the
partner expects to owe more than $1,000 in tax for 2016,
four quarterly payments if an electronic payment cannot
after subtracting any withholding or refundable credits
be made for any reason.
they might have. This rule must be calculated for each
individual included in the composite return, and not as the
Penalties
composite as a whole.
Failure to timely remit estimated tax as necessary will
Required Payments
result in an Estimated Tax Penalty. Exceptions will be given
to farmers or fishermen who file and remit full payment by
The required annual amount to be paid by each individual
March 1. Otherwise, penalty will be calculated for each
included in the composite (if not excluded by the general
missed or late payment. For calculation specifics, or to
rule) is the smaller of:
remit this penalty before being billed, see Form 204.
a. 70% of the actual net Colorado tax liability.*
Refunds
b. 100% of the preceding year’s net Colorado tax
liability. This rule only applies if the preceding year
Estimated tax payments can only be claimed as
was a 12-month tax year, the individual filed a
prepayment credit on the 2016 Colorado income tax
Colorado return, and the federal adjusted gross
return. Therefore, estimated payments cannot be refunded
income on that return was $150,000 or less (or, if
in any manner until such time that the Colorado income
married filing separately, $75,000 or less).
tax return is filed.
c. 110% of the preceding year’s net Colorado tax
Go Green with Revenue Online
liability. This amount only applies if the preceding
allows taxpayers to file taxes,
year was a 12-month year, and the individual filed a
make payments and monitor their accounts. Form 106EP is not
Colorado return.
required if an electronic payment is remitted through this site.
*The net Colorado tax liability is defined as the sum of
Please be advised that a nominal processing fee may apply to
Colorado tax, alternative minimum tax, and the recapture
online payments.
of prior year credits, minus the sum of all credits other than
Pay by Electronic Funds Transfer (EFT)
withholding and/or estimated tax credits.
EFT payments can be made safely and for free, and can be
scheduled up to 12 months ahead of time to avoid forgetting
to make a payment. This requires pre-registration before
payments can be made. Visit
for registration information.
Additional information, FYI Publications and forms are
available at , or you can call
303-238-SERV (7378) for assistance.

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