Dr 0104bep colorado nonresident beneficiary estimated income tax payment form dr 0145 tax information designation and power of attorney for representation dr 1079 payment of withholding tax on certain colorado real property interest transfers. Dr 0021d 070218 colorado department of revenue denver, co 80266 colorado. Dr 0205 tax year ending computation of penalty due based on underpayment of colorado corporate estimated tax dr 0900c c corporation income tax payment form dr 8453c corporate income tax declaration for electronic filing. All other sales tax revenues are credited to a clearing account. The tax is calculated on the gross income from oil and gas and carbon dioxide production. Complete, sign, print and send your tax documents easily with us legal forms. Colorado, on the heels of a court case that expanded energy industry tax exemptions, is scrambling again to tap diminished severance tax revenues collected from mining and energy exploration. Due date you must complete and file the dr 0021, colorado oil and gas severance tax return annually.
Colorado severance tax filing status will always be joint if you are married regardless of whether you file jointly or separately. Jonathan lives in colorado and is a commission salesman in. Anyone who receives taxable income from oil or gas produced in colorado. In 2016 alone the audit said one company failed to submit as many as 1,123. Co dor dr0021 booklet 2015 fill out tax template online.
Colorado state tax basics 2015 colorado fiscal institute. T his sars pocket tax guide has been developed to provide a synopsis of the most important tax, duty and levy related information for 2016 17. This means that beginning with tax year 2017 annual forms see page are due on or before. Colorado severance tax is imposed upon nonrenewable natural resources that are removed from the earth in colorado. It was distressing to see that there was a culture of acceptance of not filing forms, said rep. Information on montana state and local tax collections through fiscal year 2016 is from the state accounting system and department of. Colorados severance tax also incorporates a tax credit to offset taxes paid on resources. Audit slaps colorado for sloppy oil and gas tracking, lost tax. Single or head of household filing statuses should file a single status colorado severance tax return. This sars pocket tax guide has been developed to provide a.
You may serve your legal documents on the department during the office closure to the public. In june 2016, a wyoming federal district court issued its final decision in the case, state. A portion of transaction privilege, severance, and jet fuel excise taxes referred to. Tax filing extension information, closures and other updates related to covid19. Severance tax and ad valorem tax calculations, but with respect to state royalties, it. If you need to file taxes for a state that does have an income tax, 1040. In totoal 34 states levy some form of severance tax, including 31 states with a tax on the extraction of oil and gas.1276 983 1049 749 1205 1092 1091 1547 1268 1284 334 862 1173 1503 821 94 481 675 764 1553 1006 1185 67 148 404 699 1124 369 12 891 1349 58 237 814 75 368