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Statute [Section 39-22-108(1), C.R.S.] allows Colorado residents (residents) filing as individuals, fiduciaries, or estates, to claim a credit to offset their Colorado income tax liability in proportion to the amount of their income that was earned in and taxed by another state.
All Colorado S corporations are required to file a tax return at the federal level. More specifically, as an S-Corp in the state of Colorado, you need to file Form 1120S. Your Colorado tax return will refer to your federal tax return, so it is important that you complete all federal paperwork first.
This filing guide will assist you with completing your Colorado Income Tax Return.
If claiming a subtraction and filing by paper, you must submit this schedule with your return. Use this schedule to report any subtractions from your Federal Taxable Income.
You must submit the DR 0104PN with your DR 0104 return. Aliens who are not Colorado residents, but who earn Colorado-sourced income for part or all of the tax year would file their Colorado income tax return as a Colorado nonresident.
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The Colorado Cash Back rebates are an early refund of the fiscal year 2021-22 TABOR surplus. On May 23, 2022, Gov. Jared Polis signed a new law (Senate Bill 22-233) to give Coloradans a tax rebate of $750 for individual filers and $1,500 for joint filers.
An individual may owe Colorado income tax and be required to file a Colorado income tax return even if that individual was not a resident of Colorado for the entire year. In general, any part of a nonresident's income that is derived from Colorado sources is subject to Colorado income tax.
Credit for employer paid leave of absence for live. organ donation. Employer must complete and submit. form DR 0375 with their return. 41.
You must submit the DR 0104PN with your DR 0104 return. Aliens who are not Colorado residents, but who earn Colorado-sourced income for part or all of the tax year would file their Colorado income tax return as a Colorado nonresident.
On January 21, 2021, Colorado Governor Jared Polis signed House Bill 21-1002 (HB 21-1002), which allows taxpayers that accelerated certain federal income tax deductions under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to subtract the corresponding state income tax benefit starting in 2021.

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