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Nonresident Definition 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.

The penalty is the greater of $5 or 5% of the additional tax due for the first month of delinquency and 0.5% for each additional month up to a maximum of 12%. Line 23 Interest is due on any unpaid tax balance paid after the due date. The interest rate is 3%, but increases to 6% for any amount unpaid after 30 days.

Be at least 18 years of age on or before December 31, 2021; Be a Colorado resident for the entire 2021 income tax year; And file a state income tax return for the 2021 income tax year (or on extension by October 17, 2022) or apply for a Property Tax/Rent/Heat Credit (PTC) Rebate.

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.

The Colorado Retail Sales Tax Return (DR 0100) is used to report not only Colorado sales tax, but also sales taxes administered by the Colorado Department of Revenue for various cities, counties, and special districts in the state.

Colorado Form 104 ? Personal Income Tax Return for Residents. Colorado Form 104PN ? Personal Income Tax Return for Nonresidents and Part-Year Residents.