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Get Colorado Penalty 2022-2024

Part 1: Generally you are subject to an estimated tax penalty if your current year estimated tax payments are not paid in a timely manner. The estimated tax penalty will not be assessed if the Colorado tax liability is less than $5,000. Part 2: The required annual amount to be paid is the lesser of: 1. 70% of actual net Colorado tax liability, or 2. 100% of preceding year's Colorado tax liability only applies if: The preceding year was 12-month tax year, and The corporation filed a C.

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