Do I have to make estimated income tax payments?
The net Colorado tax liability for purposes of the estimated tax computation is defined as the total amount of Colorado tax, alternative minimum tax and recapture of prior year credits less all income tax credits other than the state sales tax refund, withholding credits, and estimated tax credits.
Taxpayers who do not receive income evenly during the year may elect to use the annualized income installment method to compute their estimated tax payments if they elected annualized installments for the payment of their federal income tax. (For example, a taxpayer who owns a seasonal business or receives a lump sum payment late in the year.) Also, farmers and fishermen have different requirements for estimated tax payments.
You can also sign up to access your tax account online. View previously filed returns, verify payments made on your account, make payments, file protests and much more through Revenue Online.
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