Colorado Income Tax Filing Guide - 2012 (Page 21 of 24) in pdf

Page 21

Automatic Filing Extension

remit any supplemental estimated tax. Be sure to send one

DR 0158-I for supplemental estimated tax, and one DR 0158-I

General Information

to reach the 90% rule if both apply to you.

If you are unable to file your Colorado income tax return by

Persons Traveling or Residing Abroad

April 15, 2013, you may file under extension. This means

you may file your return by October 15, 2013. There is no

If you are traveling or residing outside the United States

on April 15, the deadline for filing your return is June 17,

form to submit to get approval to file the Colorado return by

2013. If you need additional time to file your return, you will

October 15. However, the extension of time to file DOES

automatically have until October 15, 2013 to file. Interest is

NOT allow you to extend your payment due date. You

due on any payment received after April 15, 2013. To avoid

must pay at least 90% of your tax liability by April 15 and

any late payment penalties you must pay 90% of your tax

the remainder by October 15 to avoid delinquent payment

liability by June 17, 2013. When filing your return, mark the

penalties. The following worksheet will help you determine

appropriate box on Revenue Online or paper return.

if you have met the 90% rule already, or if you need to

remit payment with the voucher below.

Pay Electronically

Penalties and Interest

Taxpayers may pay online at

Online payments reduce errors and provide instant

If the 90% rule is NOT met by April 15, 2013, then

payment confirmation. Revenue Online also allows users

delinquent penalty and interest will be assessed when you

file your return. If 90% or more of your tax liability is paid

to submit various forms and to monitor their tax account.

EFT Debit and EFT Credit options are free services offered

by April 15, and the remaining balance is paid by October

by the Department. EFT services require pre-registration

15, no penalty will be assessed. However, you will be billed

interest, but only on the amount being paid by October 15.

before payments can be made.

Visit for more information.

If after April 15, you determine that you underpaid your

The DR 0158-I is not required if an online payment is

estimated tax you should pay the additional tax as soon

as possible to avoid further accumulation of estimated tax

made. Please be advised that a nominal processing fee

penalty and/or interest. Form DR 0158-I can be used to

may apply to electronic payments.

Tax Payment Worksheet for Your Records

1. Income tax you expect to owe .............................................................................................................................. 1

2. Tax payments and credits:

a. Colorado income tax withheld ........................................................................... 2a

b. Colorado estimated income tax payments ........................................................ 2b

c. Other payments and credits ............................................................................... 2c

Total tax payments and credits–Add lines 2a through 2c ....................................................................................

3. Tax due–Subtract line 2 from line 1. Enter the result here and on the voucher below ........................................

DETACH FORM

ON THIS LINE

Cut here and send only the coupon below. Help us save time and your tax dollars.

(0019)

2012 Extension Payment Voucher for Colorado

DR 0158-I (08/22/12) Web

DR 0158-I (08/22/12)

COLORADO DEPARTMENT OF REVENUE

Denver CO 80261-0008

Individual Income Tax

(calendar year — Due April 15, 2013)

Return this voucher with check or money order payable to the Colorado Department of Revenue, Denver, Colorado 80261-0008. Write your Social Security

number and “2012 DR 0158-I” on your check or money order. Do not send cash. Enclose, but do not staple or attach, your payment with this voucher. File

only if you are making a payment by check or money order.

Your Last Name

First Name and Initial

Social Security Number

Spouse Last Name (if joint)

Spouse First Name and Initial

Spouse Social Security Number

Address

City

State

ZIP

IF NO PAYMENT IS DUE, DO NOT FILE THIS FORM.