Operations
To promote voluntary compliance with tax laws through information, education, assistance and customer service.
What is our Mission Statement?
Before March 10th
When does a PTC application have to be processed to receive 4 installments?
$20,000 and $24,000
What are the credit amounts that can be taken for the pension/annuity subtraction?
This documentation is needed to claim credit for taxes paid to another state.
What is the other state's return and a 104CR
DR 0104
What is the Individual income tax return?
SSN, FEIN, ITIN, and Banking Informatiobn
What are the 4 pieces of information we never give out over the phone?
DR 0021D & 21W
What documents must be submitted with the Oil & Gas Severance return (DR 0021)?
529 CollegeInvest
What is the qualified state tuition plan?
Refundable and Non-refundable.
What are the 2 types of credits that can be claimed on the DR 0104CR?
The credit schedule and subtraction schedule.
What is the 104CR and the 104AD?
DR 0145
What POA form do we accept?
DR 0102 & Death Certificate
What documents must be submitted to claim a refund on behalf of a deceased person?
$500
What is the amount that is subtracted from the total qualifying charitable contribution?
$50,000 or $100,000
What is the Federal Taxable Income limit to claim the Long Term Care Insurance credit?
This must be filled out if the TP is a part-year or non-resident.
What is the 104PN?
Denver, Colorado Springs, Ft. Collins, Pueblo, and Grand Junction
In what cities are the Service Centers located?
5% + ½% each month up to 12%
What is the penalty calculation for income tax?
Home of record is Colorado, Legally changed residency to another state, legally reacquired residency in Colorado.
What are the 3 qualifications for the Active Duty Military Home Subtraction?
The difference between a refundable credit and a non-refundable credit.
What is a credit that is >tax liability that issues a refund and a credit that is >tax liability that can only be used up to the amount of that tax liability?
This should accompany the application for a first time PTC filer claiming disability / social security benefits.
What is the TPQY?
Check, Money Order, Credit/Debit card
What forms of payment do the service centers accept?
90%
What percentage of the tax due must be paid by the April tax date to not incur delinquent payment penalty when filing an extension?
Catastrophic Health Insurance, Exonerated Persons, Medical Savings Account, Military Family Relief Fund Grants, Olympic Gold Medal, I.R.C. 1341
What are the subtractions that can be claimed under ‘other subtractions’?
This can be claimed after the April due date only when a TP is a full year resident, has a tax liability or W2 withholding.
What is the TABOR credit?
DR 0104US
What is the Consumer Use form for individuals - prior to 2024?