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Pursuant to sections 39-22-104(3)(d), -202(1), and -203(5)(a), C.R.S., each partner must add to their federal taxable income their share of any state income tax deducted by the partnership for the tax year pursuant to sections 164(a)(3) and 703(a) of the Internal Revenue Code, regardless of the state to which the ...

An S CORPORATION must file Form 106 for any year it is doing business in Colorado. Doing business in a state is defined as having income arising from the activity of one or more employees located in the state; or arising from the fact that real or personal property is located in the state for business purposes.

However, the person may have temporarily worked in Colorado and/or received income from a source in Colorado. A nonresident is required to file a Colorado income tax return if they: are required to file a federal income tax return, and. had taxable Colorado-sourced income.

Submit this agreement when filing the Colorado form DR 0106 A nonresident partner or shareholder can complete this form DR 0107 to establish that they will report the Colorado source income and pay the Colorado tax on any income derived from a Colorado partnership or S corporation.

For Nonresident Partner or Shareholder. In general, partnerships and S Corporations must remit tax payments on behalf of their nonresident partners or shareholders using this DR 0108.

In general, each Colorado resident, part-year resident, or nonresident with income from Colorado sources is required to file a Colorado return if they are required to file a federal income tax return or they incur a Colorado tax liability.