Extensions
Colorado Extension applies to form, not payment
If you are unable to file your Colorado individual income tax return by the April 15 deadline, you may still take advantage of the state's automatic six-month extension of time to file. There is no form, paper or electronic, to fill out and no need to notify the Department of Revenue that you are taking the extension.
The extension applies to filing the Colorado tax form, not to any state income tax you may owe. If you expect to get a refund this year but do not make the April 15 filing deadline, you can still file your state form on or before October 15.
When the filing deadline falls on a weekend or holiday, the return is due the next business day.
If you owe state income tax, 90 percent of your tax liability must have been paid on or before April 15 to avoid penalties. Any remaining balance due would be subject to interest only.
Pay by Mail
Individual taxpayers who owe state income tax can send in their payment with the Payment Voucher for Automatic Colorado Extension for Individuals (DR 158-I).The voucher is included in the Colorado Individual Income Tax Booklet (104 booklet).
Mail the voucher to:
Colorado Department of Revenue
1375 Sherman St.
Denver, CO 80261-0008
Pay Online
You can pay online through the Online Tax Payment service by credit card or echeck.
If no payment is due, do not use Form DR 158-I. File the appropriate forms in the 104 book.
Penalty and interest charges on tax owed
When at least 90 percent of the tax owed is paid by the April 15 deadline, taxpayers are charged interest only and avoid penalty charges as long as the income tax filing (electronic or paper) and balance owed are sent by the October 15 extension deadline.
|
|
|
|
|
Penalty and interest rates
|
|
|
Can installment payments be made?
File your income tax return on or before the April 15 filing deadline. Include on the paper or electronic return the amount you owe. Pay as much as you can of the amount you owe by the filing deadline.
Bills will start to be mailed in early July. Once your billing information is in our computer system you may set up an agreement to pay. There are three methods of setting up an installment plan.
|
|
|
|
|
If you want to start making payments on your account prior to receiving a bill, you can make an electronic check or credit card payment through the Colorado Online Tax Payment service or by mail with the Individual Income Tax Payment Voucher (DR 0900) . Make sure you put the primary Social Security number on the bottom of your payment check and the tax year to which the payment applies.
What if I'm living or traveling abroad or serving in the military on the filing deadline?
If a person is out of the country on April 15, the deadline for filing the state return and paying any tax owed plus interest is June 15. However, if you need more time to file, you may file by the October 15 extension deadline but interest and penalty will apply.
Colorado law allows military and support personnel stationed in a combat zone as declared by the president to postpone filing and paying state income taxes until 180 days after their assignment in the combat zone ends. Interest and penalty are deferred during this period. Because most Colorado taxpayers receive a refund, affected taxpayers may want to authorize someone else to file their return for them via a Power of Attorney (DR 0145) . The Department of Revenue will also accept a copy of the federal 2848 Power of Attorney declaration.