Colorado Form 112 PDF Details

Navigating tax season can be a complex journey for Colorado C Corporations, and the Colorado 112 form booklet is an indispensable guide through it. Released on November 23, 2020, this comprehensive manual not only provides detailed instructions for filling out the DR 0112 Colorado C Corporation Income Tax Return but also covers related forms and schedules vital for compliance and accurate filing. Among these are the DR 0158-C for extending the filing deadline, the DR 0900C for tax payment, the DR 0112RF for detailing the Receipts Factor Apportionment, the Schedule C for Colorado affiliations, and the DR 0112CR for applicable corporate credits. Additionally, the booklet specifies separate mailing addresses for submissions with and without payment, ensuring that taxpayers know exactly where to send their documents based on their payment status. It also emphasizes the importance of the electronic filing options available through Colorado's Revenue Online platform, which facilitates the submission of various forms and payment of taxes while providing immediate confirmation and reducing the chances of errors. With tax returns due by April 15, 2021, for those on a traditional calendar tax year, and provisions allowing for an automatic extension to October 15, 2021, the booklet is designed to guide corporations through the process, ensuring they meet their obligations while taking advantage of any available extensions or online conveniences offered by the Colorado Department of Revenue.

QuestionAnswer
Form NameColorado Form 112
Form Length4 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min
Other nameshow to 112 tax form colorado, 2020 112 form co, how colorado form 112 instructions, colorado form dr 0112

Form Preview Example

(11/23/20)

2020

BOOKLET INCLUDES:

112Book

Instructions

 

DR 0112

 

Related Forms

 

 

C Corporation

 

 

 

 

Colorado C Corporation Income Tax

Filing Guide

This book includes:

DR 0112 2020 Colorado C Corporation Income Tax Return

DR 0158-C Extension of Time for Filing a Colorado C Corporation Income Tax Return DR 0900C 2020 C Corporation Income Tax Payment Form

DR 0112RF 2020 Schedule RF - Receipts Factor Apportionment Schedule

DR 0112 Schedule C - Colorado Affiliations Schedule

DR 0112CR 2020 Credit Schedule for Corporations

MAILING ADDRESS

FOR FORM DR 0112, DR 0112RF, DR 0112 Schedule C & DR 0112CR

WITH

PAYMENT

Mail To

COLORADO DEPARTMENT OF REVENUE

Denver, CO 80261-0006

WITHOUT

PAYMENT

Mail To

COLORADO DEPARTMENT OF REVENUE

Denver, CO 80261-0005

These addresses and zip codes are exclusive to the Colorado Department of Revenue, so a street address is not required.

MAILING ADDRESS

FOR FORM DR 0158-C & DR 0900

COLORADO DEPARTMENT OF REVENUE

Denver, CO 80261-0008

Tax.Colorado.gov

(Calendar Year — Due April 15, 2021)

*200158-C19999*

DR 0158-C (08/14/20)

COLORADO DEPARTMENT OF REVENUE

Denver CO 80261-0008

Tax.Colorado.gov

Page 1 of 1

(0029)

2020 Extension of Time for Filing a Colorado C Corporation Income Tax Return

Filing extensions are granted automatically, only return this form

if you need to make an additional payment of tax.

Corporate income tax returns are due on the fifteenth day

of the fourth month after the end of your tax year, or by

April 15, 2021, for traditional calendar year filers. If you are unable to file by your prescribed due date, you may file

under extension. This will allow you an additional six months to file your return, or until October 15, 2021 for traditional calendar year filers. While there is an extension to file, there

is not an extension to the payment due date. Penalty and interest are assessed if certain payment criteria are not met. Please review FYI General 11 for more information on penalty and interest.

Pay Online

Visit Colorado.gov/RevenueOnline to pay online. Online

payments reduce errors and provide instant payment confirmation. Revenue Online also allows users to submit

various forms and to monitor their tax account. Electronic Funds Transfer (EFT), Debit and Credit options are free services offered by the department. EFT services require pre-registration before payments can be made. Visit Colorado.gov/Revenue/EFT for more information.

The DR 0158-C is not required to be sent if an online payment is made. Please be advised that a nominal processing fee may apply to e-check or credit card payments.

 

DO NOT CUT – Return Full Page

 

 

 

 

DR 0158-C (08/14/20)

 

 

 

 

 

 

For tax period: (MM/DD/20)

 

Ending: (MM/DD/YY)

 

 

 

 

 

 

 

 

 

Return the DR 0158-C with check or money order payable to the “Colorado Department of Revenue”. Mail payments to Colorado Department of Revenue, Denver, Colorado 80261-0008. These addresses and zip codes are exclusive to the Colorado Department of Revenue, so a street address is not required. Write your Colorado Account Number or

Federal Employer Identification Number and “2020 DR 0158-C” on your check or money order. Do not send cash.

Enclose, but do not staple or attach, your payment with this form. File only if you are making an extension payment.

FEIN

Colorado Account Number

Corporation Name

Address

City

State

ZIP

The State may convert your check to a one-time electronic banking transaction. Your bank account may be debited as early as the

same day received by the State. If converted, your check will not be returned. If your check is rejected due to insufficient or uncollected

funds, the Department of Revenue may collect the payment amount directly from your bank account electronically

Amount Owed

$

DO NOT CUT – Return Full Page

IF NO PAYMENT IS DUE, DO NOT FILE THIS FORM

*200900C=19999*

DR 0900C (08/14/20)

COLORADO DEPARTMENT OF REVENUE

Denver CO 80261-0008

Tax.Colorado.gov

Page 1 of 1

(0021)

2020 C Corporation Income Tax Payment Form

Caution!

This form MUST accompany your payment if you filed electronically and wish to pay by check.

If you paid electronically or do not owe a payment do not return this form.

The Department strongly recommends that you file using

Revenue Online (Colorado.gov/RevenueOnline) or by another electronic filing method and remit your payment

electronically or by EFT. Information on EFT can be found at Colorado.gov/Revenue/EFT

To pay by mail, make check or money order payable to the “Colorado Department of Revenue.” Be sure to round your

payment to the nearest dollar. Clearly write your Colorado

Account Number or Federal Employer Identification Number (FEIN) and “2020 DR 0112” on the memo line.

Complete the form below. The amount on the check and the amount entered on the payment document must be the same. This will help maintain accuracy in your tax account. Be sure to keep a copy of the money order or note the check number with your tax records.

DO NOT submit the DR 0112 if you have already filed and paid electronically.

DO NOT CUT – Return Full Page

DR 0900C (08/14/20)

For tax period: (MM/DD/20)

 

Ending: (MM/DD/YY)

 

 

 

 

 

 

 

 

 

Return the DR 0900C with check or money order payable to the “Colorado Department of Revenue”. Mail payments to Colorado Department of Revenue, Denver, Colorado 80261-0008. These addresses and zip codes are exclusive to the Colorado Department of Revenue, so a street address is not required. Write your Colorado Account Number or FEIN and “2020 DR 0112” on your check or money order. Do not send cash. Enclose, but do not staple or attach, your payment with this form.

FEIN

Colorado Account Number

Corporation Name

Address

City

State

Zip

The State may convert your check to a one-time electronic banking transaction. Your bank account may be debited as early as the

same day received by the State. If converted, your check will not be returned. If your check is rejected due to insufficient or uncollected

funds, the Department of Revenue may collect the payment amount directly from your bank account electronically.

Amount Owed

$

DO NOT CUT – Return Full Page

IF NO PAYMENT IS DUE, DO NOT FILE THIS FORM

Page 6

Instructions For

Completing the DR 0112

S Corporations use the DR 0106

This filing guide will assist you with completing your Colorado

Income Tax Return. Please read through this guide before

starting your return. Once you finish the form, file it with a

computer, smartphone or tablet using our free and secure

Revenue Online service at Colorado.gov/RevenueOnline.

You may also file using private e-File software or with a paid tax preparer. You significantly reduce the chance of errors by filing your return electronically. If you cannot file electronically

for any reason, mail the enclosed forms as instructed on the cover page of this booklet. All Colorado forms and publications

referenced in this guide are available for download at Tax.Colorado.gov – the official Taxation website.

Filing Requirements

Each C corporation doing business in Colorado, or those who derive income from Colorado sources, must file this return.

Organizations that have been granted tax-exempt status by the

IRS are generally exempt from Colorado taxation. However, those tax exempt entities that file federal Form 990-T to report

unrelated business taxable income from Colorado sources

or from business activity in Colorado are subject to Colorado taxation and are required to file the DR 0112. Any insurance

company subject to the tax imposed on gross premiums by §10-3-209, C.R.S. is exempt from Colorado income tax.

Due Date

Corporate income tax returns are due April 15, 2021 for traditional calendar year filers. If you are unable to file by your prescribed due date, you may file under extension. See the DR 0158-C for more information about filing extensions.

Estimated Tax

Every C corporation subject to Colorado income tax must

file the DR 0112EP, if it can reasonably expect the net tax

liability to exceed $5,000 during the taxable year. See the Corporate Income Tax Guide for more information.

Accounting Period and Method

The accounting period and method for Colorado income tax must be the same accounting period and method as used for federal income tax.

Account Numbers

The Colorado Account Number (CAN) is 8 digits and must be listed in addition to the Federal Employer Identification

Number (FEIN) on any form where requested. The CAN used on this form is usually the same number that is found on sales tax licenses and forms related to wage withholding.

Line–by–Line Instructions

First, complete the federal income tax return to be filed

with the IRS. You will use information from that return to complete the Colorado income tax return.

Section A

Mark the appropriate box related to your apportionment method. Corporations with income from business activity

that is taxable both within and without Colorado must apportion their income in order to calculate their Colorado tax. We recommend that you read the Corporate Income Tax Guide for more information. Generally, income is apportioned using the single sales factor.

Not Apportioning

The C corporation has no income from business activity outside of Colorado. Tax will be calculated on 100% of the Colorado taxable income.

Receipts Factor

All business income must be apportioned using a single factor: receipts. Nonbusiness income may either be directly allocated to the appropriate state or treated as business income, subject to the single receipts factor. The DR 0112RF is required if using this method and can be completed by clicking the appropriate edit button on Revenue Online. Otherwise, submit via the e-Filer Attachment on Revenue Online or send with the paper return.

Gross Receipts

The C corporation whose only activities in Colorado consist of making sales, that does not own or rent real estate within the State of Colorado, and that generates annual Colorado gross sales of $100,000 or less, may elect to pay tax on 0.5% of the annual Colorado gross receipts – in lieu of paying the normal income tax. We recommend that you read the Corporate Income Tax Guide if this applies to you. If using this method, you must enter the annual Colorado gross receipts on line 18, the calculated 0.5% tax on line 19, and enter “gross receipt tax” next to each of these two lines.

Other Apportionment Method

When Colorado apportionment methods do not fairly measure the Colorado-source income, the corporation may request (or the Department might require) an alternative apportionment method.

Section B

Mark the appropriate box to designate a separate, consolidated, or combined return.

There are four possible filing alternatives for C corporations.

We recommend that you read the Corporate Income Tax Guide for additional information.

Separate

This designation is for a single corporation, regardless of its membership in an affiliated group. A single corporation cannot use this filing alternative

if it elects to be part of a consolidated return or if it is required to be included in a combined filing.

Consolidated

This designation is for members of an affiliated group of C corporations, as defined by section

1504 of the Internal Revenue Code. However, only

those members doing business in Colorado, as defined in Regulation 39-22-301.1, can be included in the consolidated return. This filing alternative

is binding for four years and requires consent of the Colorado members of the group. Filing such a return shall be deemed consent.

Combined

This designation is for members of an affiliated group of C corporations, as defined by §39-22-

303(12), C.R.S., that meet at least three of the six-part intercompany business relationship tests

for this year and the preceding two years. This is a required filing alternative.

Combined/Consolidated

This designation is for group of C corporations including some members required to file a combined report and other members not required

to be included in the combined report, but electing to be included in a consolidated filing along with those members included in the combined report.

Federal Taxable Income

Line 1

Enter the federal taxable income (or loss) from federal Form 1120 or 990-T.

Line 2

Enter any amount from line 1 that is attributed to affiliated corporations that are not included in this consolidated or combined return.

Line 3

Subtract line 2 from line 1. This reflects the taxable income of the federal pro-forma return included on the Colorado form.

Additions

Line 4

Enter any federal net operating loss deduction claimed in the computation of the federal taxable income. We recommend that you read the Corporate Income Tax Guide if this applies to you.

Line 5

Enter any Colorado income tax claimed as a deduction in the computation of the federal taxable income.

Line 6

Taxpayers who claimed a deduction for business interest under section 163 of the Internal Revenue Code are required to add to federal taxable income any additional deduction allowed as a result of the federal

CARES Act (Public Law 116-136). The amount of the addition is equal to the difference (if any) between the amount the taxpayer actually claimed as a deduction on the federal return (the “amount claimed”), and the amount the taxpayer could have claimed if the CARES Act did not amend section 163(j) (the “amount allowed”). The amount claimed will normally be found on line 30 of IRS form 8890.

In general, calculating the amount allowed will require an adjustment to the applicable percentage, used in calculating line 26 of IRS form 8890, from 50% to 30%. Additionally, taxpayers who made an election under section 163(j)(10)(B) to use 2019 adjusted taxable income

Page 7

for taxable years beginning in 2020 must use adjusted taxable income for 2020 to calculate the amount allowed. Other special rules may apply to particular taxpayers, and taxpayers should review section 163(j) of the Internal Revenue Code and section 2306 of the CARES Act for further information.

Line 7

Enter the sum of all other qualifying additions. For this line, you must further explain your basis for this adjustment. If you are using Revenue Online, submit this explanation to your return electronically with the E-Filer Attachment option. Otherwise, use the DR 1778 or include a written statement with your paper return. We recommend that you read the Corporate Income Tax Guide if this applies to you:

Bond interest – the amount of any interest, less any amortization of premium, earned from bonds issued by any state or political subdivision, excluding any bonds issued by the State of Colorado or its political subdivisions on or after May 1, 1980. Calculate the appropriate amount as the net of amount after reduction by the amount of the deductions allocated to such interest income under the Internal Revenue Code. We recommend that you read publication FYI Income 52 if this applies to you.

Foreign-source income – the amount of any income, war profits, or excess profits taxes paid or accrued to any foreign country or to any possession of the United States that were claimed as a deduction on the federal return.

Gross Conservation Easement charitable contribution

– Any charitable deduction taken on the federal return for a gross conservation easement that has also been claimed for a Colorado tax credit. Complete the

DR 1305 Part D.

Line 8

Enter the sum of lines 3 through 7.

Subtractions

Line 9

Enter any income that is included on line 3, which is derived from any U.S. government bond interest and any interest or dividend income on obligations securities of any authority, commission, or instrumentality of the United States to the extent that such income is exempt from state taxation by federal law. We recommend that you read publication FYI Income 20 if this applies to you.

Line 10

Enter any foreign source income that is included on line

3that qualifies for exclusion pursuant to § 39-22-303(10),

C.R.S. and the regulation promulgated thereunder.

Line 11

Enter any income that is included on line 3 that qualifies for the Colorado capital gain subtraction. The maximum allowable subtraction is $100,000.

You must complete and submit the DR 1316 with your return. Take precaution to completely fill out each item of this form. Be as detailed as possible, especially when providing property descriptions, ownership, and dates of acquisition and sale.

Page 8

Line 12

For Colorado-licensed marijuana businesses, enter any expenditure that is eligible to be claimed as a federal income tax deduction but is disallowed by section 280E of the Internal Revenue Code because marijuana is a controlled substance under federal law.

To calculate this deduction, you must create pro forma federal schedule(s) for Business Profit or Loss as if the federal

government would have allowed the expenditures from the

marijuana business. The Colorado deduction shall be the difference between the profit/loss as calculated on the ACTUAL schedule(s) filed with the federal return and the pro forma

schedule(s) described above. You must include the pro forma schedule(s), the MED license number and the actual federal schedule(s) with your Colorado return to receive this deduction.

Line 13

Agricultural Asset Lease Deduction

Enter the certificate number (YY-###) for the deduction certificate that was provided by the Colorado Agricultural

Development Authority (CADA). If you received more than

one certificate you must file electronically. Enter the amount

of the deduction on this line. The amount of deduction allowed to a qualified taxpayer may not exceed $25,000. You must submit a copy of each certificate with your return.

Line 14

Enter the sum of all other qualifying subtractions. For this line, you must provide a detailed explanation for any

subtraction claimed. The explanation can be scanned and attached to your electronic filing through Revenue Online

or most tax software, mailed with the DR 1778 or included with your paper return.

We recommend that you read the Corporate Income Tax Guide if these subtractions apply to you:

Colorado income tax refund–the amount of any Colorado income tax refund that was included on line 3.

Gross up provisions–the amount of any IRC section 78 gross up provisions that was included on line 3.

Various credits – the amount of any wages or salaries for which the federal deduction was disallowed by section 280C of the Internal Revenue Code because a federal credit was claimed for such wages or salaries.

Line 15

Enter the sum of lines 9 through 14.

Taxable Income

Line 16

Calculate your modified federal taxable income by subtracting

line 15 from line 8.

Line 17

Enter the Colorado taxable income before net operating loss deduction. This amount is transferred from line 16 if not apportioning income. Otherwise, for corporations that are apportioning income, this amount shall be transferred from line 14 of the DR 0112RF.

Line 18

The Colorado net operating loss is calculated in the same manner as the federal net operating loss deduction, except

that in the case of a corporation apportioning income, it is the part of the federal net operating loss (as modified that is from

Colorado sources. If line 17 is less than or equal to 0 (zero), enter 0 (zero) on line 18 and proceed to line 19. Otherwise, calculate the Colorado net operating loss as follows.

a. Enter the lesser of line 17 or Colorado net operating losses being carried forward from tax years beginning before January 1, 2018.

b.Subtract line 18(a) from the amount on line 17. c. If line 18(b) is 0 (zero), enter 0 (zero). Otherwise,

enter the lesser of:

Colorado net operating losses being carried forward from tax years beginning on or after January 1, 2018; or

80% of the amount on line 18(b).

For most taxpayers, losses carried forward from tax years beginning on or after January 1, 2018 cannot exceed 80% of Colorado taxable income (after deducting pre-2018 losses).

d.Enter the sum of lines 18(a) and 18(c).

We suggest that you read the Corporate Income Tax Guide if this applies to you.

Line 19

Calculate your Colorado taxable income by subtracting line 18(d) from line 17.

Tax

Line 20

Calculate your Colorado tax. Multiply line 19 by the tax rate of 4.55%.

Credits

Line 21

Complete the DR 0112CR to calculate this line. Transfer the amount of nonrefundable credits from line 28 of the DR 0112CR. You must submit the DR 0112CR with your return.

Line 22

Use your tax software, Revenue Online or the DR 1366 to calculate the total amount of nonrefundable enterprise zone credits being used to offset the current year tax liability. The sum of lines 21, 22, and 23 cannot exceed tax on line 20.

You must submit the DR 1366 and a copy of each certificate with

your return. The Department strongly recommends electronic filing for taxpayers with enterprise zone credits. Failure to file

electronically may result in delays processing your return.

Line 23

Use your tax software, Revenue Online or the DR 1330 to calculate the total amount of nonrefundable Strategic Capital Tax Credits being used to offset the current year tax liability. Complete the DR 1330 and transfer amount on line 6b to this line. The total nonrefundable Strategic Capital Tax Credits used combined with nonrefundable credits from lines 21 and 22 cannot exceed the amount on line 20. You must submit

the DR 1330 and a copy of each certificate with your return. The Department strongly recommends electronic filing for taxpayers with Strategic Capital Tax credits. Failure to file

electronically may result in delays processing your return.

Line 24

Subtract the sum of lines 21, 22, and 23 from line 20. Enter ‘0’ if the sum of lines 21, 22 and 23 is a negative number.

Line 25

Corporations required to recapture federal investment credits with respect to Colorado assets must recapture the “old” Colorado investment credits as well. Include any investment credit recapture, historic property preservation credit recapture, low income housing credit recapture, or any other credit recapture. Submit an explanation that itemizes each recaptured amount calculated for this line. The

explanation can be scanned and attached to your electronic filing through Revenue Online or most tax software, mailed

with the DR 1778 or included with to your paper return.

Line 26

Enter the sum of lines 24 and 25.

Line 27

Carefully review payment records before completing this line. Use Revenue Online (Colorado.gov/RevenueOnline) to verify estimated taxes paid on the account. Doing so will reduce processing delays. Enter the amount of credit for prepayments. Include the sum of the following on line 27:

Estimated tax payments for 2020; and

Any overpayment from 2019 that was carried forward to 2020; and

Extension payment(s) remitted with the DR 0158-C; and

Payments remitted with DR 1079 to satisfy withholding requirements for the sale of Colorado

real estate that closed during the tax year for which you are filing this return. You must submit the DR 1079 with your return.

Line 28

Enter the amount of withholding reported on Form W-2G from lottery or gambling winnings.

Line 29

Complete all applicable parts of the DR 1305. Enter the amount from the DR 1305G line 33. You must submit the DR 1305G with your return.

Line 30

Complete one Form DR 0617 for each vehicle, truck, trailer, or modification claimed, then enter the amount (or sum) from

each DR 0617 line 9 and/or line 18. You must submit each DR 0617 with your return.

NOTE: If you assigned the credit to a financing entity you will not submit a Form DR 0617. For each DR 0617, you must also submit copies of the purchase invoice, lease agreement, or conversion receipts, along with proof of permanent Colorado registration or in the case of a truck or trailer a copy

of the IRP (International Registration Plan) for each vehicle for which you are claiming a credit. For financing entities that

Page 9

accept assignment of the credit, a completed Form DR 0618 must be submitted for each vehicle claimed. For additional information, please refer to FYI Income 69.

Line 31

The income tax credit for business personal property taxes is limited to $18,000 of the actual value of your personal property that you paid tax on during 2020. This is different than real property, which is not eligible for this credit. If your actual value is less than $18,000, you can claim the total amount of the assessment you paid, and you must include

the assessor’s statement(s) for which you are claiming the credit. To find your actual value, either look for it on your statement, or find your assessed value and divide it by 0.29.

Actual Value = Assessed Value/0.29.

If you own personal property whose actual value is above

$18,000 for which you were assessed, you can only claim the assessment on the first $18,000 of the property in

question. You will need to prorate your assessment with the following formula:

18,000

*assessment = allowable credit

actual value

For example, if your assessment was $2,000 for personal property tax paid in 2020, but your actual value was $25,000, you would be permitted to claim $1,440 (72% of the tax assessed or ($18,000/$25,000)*$2,000)).

Please include a copy of your property tax statement for property tax paid in 2020.

Line 32

Enter the amount from form DR 1366 line 88. You must submit

the DR 1366 and a copy of each certificate with your return. The Department strongly recommends electronic filing for taxpayers with enterprise zone credits. Failure to file

electronically may result in delays processing your return.

Line 33

Enter the sum of lines 27 through 32 if filing a paper return.

If the amount of line 26 exceeds the amount of line 33, additional tax is due with this return, continue to line 34.

If not, go to line 39.

Line 34

Subtract line 33 from line 26.

Line 35

Calculate any penalty owed for delinquent filing or payment.

The penalty is the greater of $5 or 5% of the net tax due for the first month after the due date and increased by 0.5%

for each additional month past the due date. The maximum penalty is 12%. If you prefer not to calculate this penalty, the Department will bill you.

Line 36

Calculate any interest owed for delinquent filing or payment. The interest rate is 3% of the net tax due. If you prefer not to calculate this interest, the Department will bill you. Interest on any bill issued that remains unpaid after 30 days of issuance will increase to 6%.

Page 10

Line 37

To calculate this penalty, complete the DR 0205. Enter any estimated tax penalty owed on this line. You must submit the DR 0205 with your return. If you over compute your estimated tax penalty from what the Department calculates, any amount of overpayment of penalty will be refunded to you.

Line 38

Enter the sum of lines 34 through 37. Payment can be made electronically at:

Colorado.gov/RevenueOnline ; or

Tax.Colorado.gov/electronic-funds-transfer ; or

If you are filing this return WITH a check or payment, please mail the return to:

Colorado Department of Revenue Denver, CO 80261-0006

Line 39

Subtract line 26 from line 33.

Line 40

Enter the amount you would like to be available for 2021 estimated tax.

Line 41

Subtract line 40 from line 39 to calculate the amount of your refund.

Direct Deposit

You have the option of authorizing the Department to directly deposit these funds into your bank account. Otherwise, a refund check will be mailed to the address you have designated on this return.

Enter the routing and account numbers and account type. The routing number is 9 digits. Account numbers can be up to 17 characters (numbers and/or letters). Include

hyphens, but do NOT enter spaces or special symbols. We recommend that you contact your financial institution to

ensure you are using the correct information and that they will honor a direct deposit.

Intercepted Refunds

The Department will intercept your refund if you owe back taxes or if you owe a balance to another Colorado government agency or the IRS.

Section C

Enter the name, phone, and address of the party responsible for maintaining the books belonging to this corporation.

Section D

Enter the 6-digit North American Industry Classification System (NAICS) number that best describes the purpose of this business. Use the same code used on the federal return.

Section E

Enter the year the corporation began doing business in Colorado.

Section F

Mark the “Yes” box to appoint the paid preparer entered on the return as the designee to receive and inspect confidential tax

information related to this tax return. If a firm or organization is listed, this tax information authorization will apply to any of its employees. The designee may:

call for information about the return, including processing time and refund status;

request copies of notices, bills or transcripts related to the return, and

respond to inquiries regarding calculations and supporting documentation for the return.

However, a designee cannot sign any form or protest, request any other change to the account, receive any refund, or otherwise represent or act on behalf of the taxpayer with the Colorado Department of Revenue.

This authorization expires four years after the date the return is signed. A taxpayer may change or revoke it, or an appointee may withdraw from it. For more information, see the instructions for form DR 0145, Tax Information Authorization or Power of Attorney for Department- Administered Tax Matters and submit via Revenue Online.

Section G – H

Complete the data as requested.

Signature

The law requires the return to be signed under penalty of perjury. Persons authorized to sign this return must

either be the president, vice president, treasurer, assistant treasurer, chief accounting officer, or other officer that is

duly authorized to act on behalf of the corporation. In cases where receivers, trustees in bankruptcy, or assignees are operating the property or business of corporations, such receivers, trustees, or assignees shall make returns for such corporations in the same manner and form as corporations are required to make returns.

Amendments

If an amended return is filed with the IRS, or if the IRS changes the content of the return, an amendment must be filed with Colorado. Use Revenue Online or the DR 0112X to amend the Colorado return. If the corporation operates in multiple states, the Department will accept the revenue agent report (RAR) in lieu of an amended return. Be sure to list the Colorado Account Number on the RAR before mailing a copy to one of the addresses below:

If you are filing this return WITH a check or payment, please mail the return to:

Colorado Department of Revenue

Denver, CO 80261-0006

If you are filing this return WITHOUT a check or payment, please mail the return to:

Colorado Department of Revenue

Denver, CO 80261-0005

Caution: Federal adjustments must be reported to the Colorado Department of Revenue. See §39-22-601(6), C.R.S. for information about the statute of limitations.

A corporation engaged in interstate business apportioning income using special regulation (DR 0112RF required);

*200112==19999*

DR 0112 (11/09/20)

COLORADO DEPARTMENT OF REVENUE

Tax.Colorado.gov

Page 1 of 4

2020 Colorado C Corporation Income Tax Return

Do not submit federal return, forms or schedules when filing this return.

(0023)

Fiscal Year Beginning (MM/DD/20)

Year Ending (MM/DD/YY)

Name of Corporation

Colorado Account Number

Address

Federal Employer ID Number

City

State ZIP

Mark for Final Return

 

If you are submitting a statement disclosing a listed or reported

 

 

transaction, mark this box

 

 

A. Apportionment of Income. This return is being filed for:

(42)

A corporation not apportioning income;

 

(45)

A corporation electing to pay a tax on its gross

 

 

Colorado sales;

 

 

 

A corporation engaged in interstate business

 

 

(43)

 

(46)

A corporation claiming an exemption under

apportioning income using receipts-factor

 

P.L. 86-272;

 

apportionment (DR 0112RF required);

 

 

 

Other apportionment method, see instructions

concerning the requirement for approval by the

(44)(47) Department (fill in below);

B. Separate/Consolidated/Combined Filing. This return is being filed for:

A single corporation filing a separate return;

An affiliated group of corporations electing to file a consolidated report. Warning: such election is binding for four years. If your election was made in a prior year, enter the year of election in line below. (Schedule C required);

Enter the year of election (YYYY)

An affiliated group of corporations required to file a

combined return (Schedule C required);

An affiliated group of corporations required to file a combined return that includes another affiliated,

consolidated group (Schedule C required);

Federal Taxable Income

 

Round to nearest dollar

1. Federal taxable income from Federal form 1120 or 990-T

1

00

2. Federal taxable income of companies not included in this return

2

00

3. Net federal taxable income, subtract line 2 from line 1

3

00

Additions

4. Federal net operating loss deduction

4

00

5. Colorado income tax deduction

5

00

6. Business Interest Expense Deduction Addback (see instructions).

6

 

 

 

 

 

 

00

*200112==29999*

DR 0112 (11/09/20)

 

Form 112

 

Page 2 of 4

 

 

 

 

 

 

 

COLORADO DEPARTMENT OF REVENUE

 

 

 

 

Tax.Colorado.gov

 

 

 

 

 

 

 

Name

 

 

 

 

 

 

 

Account Number

 

 

 

 

 

 

 

7. Other additions, submit explanation

 

 

 

7

 

 

 

8. Sum of lines 3 through 7

 

 

 

8

 

 

 

 

 

 

Subtractions

9.

Exempt federal interest

 

 

 

9

 

 

 

10.

Excludable foreign source income

 

 

 

10

 

 

 

11.

Colorado capital gain subtraction

 

 

 

11

 

 

 

12.

Colorado Marijuana Business Deduction

 

 

 

12

 

 

 

13.

Agricultural asset lease deduction. Enter CADA certificate

 

CADA Certificate Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

number and submit a copy of your certificate with your return

 

 

 

13

 

 

 

 

 

 

 

 

 

 

 

 

 

14.

Other subtractions, explanation required below

 

 

14

 

 

 

Explain:

 

 

 

 

 

 

 

 

15.

Sum of lines 9 through 14

 

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

Taxable Income

16.

Modified federal taxable income, subtract line 15 from line 8

16

 

 

 

17.

Colorado taxable income before net operating loss deduction

17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

18.Colorado net operating loss deduction: (see instructions)

(a)Colorado net operating losses carried forward

from tax years beginning before January 1, 2018

18(a)

00

 

 

 

(b) Subtract line 18(a) from line 17, if zero skip to 18(d)

18(b)

00

(c)Colorado net operating losses carried forward from

 

tax years beginning on or after January 1, 2018

18(c)

00

(d) Colorado net operating loss deduction, sum of (a) and (c)

18(d)

19.

Colorado taxable income, subtract line 18(d) from line 17

19

20.

Tax, 4.55% of the amount on line 19

 

20

Credits

21.Sum of nonrefundable credits from line 28, form DR 0112CR (the sum of lines 21, 22,

and 23 cannot exceed tax on line 20.) You must submit the DR 0112CR with your return. 21

22.Non-refundable Enterprise Zone credits used – as calculated, or from the

 

 

DR 1366 line 87 (the sum of lines 21, 22, and 23 cannot exceed tax on line 20).

 

 

 

You must submit the DR 1366 with your return.

22

23.

Strategic capital tax credit from DR 1330 line 6b, the sum of lines 21, 22, and 23

 

 

 

cannot exceed line 20, you must submit the DR 1330 with your return.

23

24.

Net tax, sum of lines 21, 22, and 23. Subtract that sum from line 20.

24

 

 

 

 

 

 

 

 

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

*200112==39999*

DR 0112 (11/09/20)

Form 112

 

Page 3 of 4

 

 

 

 

COLORADO DEPARTMENT OF REVENUE

 

 

 

 

 

Tax.Colorado.gov

 

 

 

 

 

 

Name

 

 

Account Number

25.

Recapture of prior year credits

 

25

 

26.

Sum of lines 24 and 25

 

26

 

27.

Estimated tax, extension payments, and credits

27

 

28.W-2G Withholding from lottery winnings, you must submit the W-2G(s)

with your return.

28

29.Gross Conservation Easement Credit from the DR 1305G line 33, you must

submit the DR 1305G with your return.

29

30.Innovative Motor Vehicle and Innovative Truck Credit from form DR 0617,

you must submit the DR 0617(s) with your return.

30

31.Business Personal Property Credit: Use the worksheet in the 112 book instructions

to calculate, you must submit copy of assessor’s statement with your return.

31

32.Renewable Energy Tax Credit from form DR 1366 line 88, you must submit

 

the DR 1366 with your return.

 

 

 

32

 

 

 

 

33.

Sum of lines 27 through 32

 

 

 

33

 

 

 

 

34.

Net tax due. Subtract line 33 from line 26

 

 

 

34

 

 

 

 

35.

Penalty

 

 

 

 

 

 

 

 

 

 

 

 

 

35

 

 

 

 

36.

Interest

 

 

 

 

 

 

 

 

 

 

 

 

 

36

 

 

 

 

37.

Estimated tax penalty due

 

 

 

37

 

 

 

 

38.

Total due. Enter the sum of lines 34 through 37

 

 

 

38

 

 

 

 

39.

Overpayment, subtract line 26 from line 33

 

 

 

39

 

 

 

 

40.

Amount from line 39 to carry forward to the next year’s estimated tax

 

 

 

40

 

 

 

 

41.

Amount from line 39 to be refunded

 

 

 

41

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

Routing Number

 

 

 

 

 

 

 

 

 

 

Type:

 

Checking

 

Savings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposit Account Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

The State may convert your check to a one-time electronic banking transaction. Your bank account may be debited as early as the same day received by the State. If converted, your check

will not be returned. If your check is rejected due to insufficient or uncollected funds, the Department of Revenue may collect the payment directly from your bank account electronically.

File and pay at: Colorado.gov/RevenueOnline or

Mail and Make Checks Payable to: Colorado Department of Revenue

Denver, CO 80261-0006

*200112==49999*

DR 0112 (11/09/20)

COLORADO DEPARTMENT OF REVENUE

Tax.Colorado.gov

Page 4 of 4

Form 112

Name

Account Number

C. The corporation’s books are in care of:

Last Name

Address

First Name

 

 

Middle Initial

Phone Number

 

 

City

 

 

State

 

Zip

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

D. Business code number per federal return (NAICS)

E. Year corporation began doing business in Colorado

F. Do you want to allow the paid preparer shown below to discuss this return and any related

 

 

Yes

 

No

 

 

information with the Colorado Department of Revenue? See the instructions.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

G. Kind of business in detail

 

 

 

 

H. Has the Internal Revenue Service made any adjustments in the corporation’s income or tax or have you filed amended federal income tax returns at any time during the last four years?

Yes

No

If yes, for which year(s)? (YYYY)

Did you file amended Colorado returns to reflect such changes or submit copies of the

Federal Agent’s reports?

Yes

No

Last Name of person or firm preparing return

First Name

Middle Initial

Address of person or firm preparing return

Phone Number

City

State Zip

Under penalties of perjury in the second degree, I declare that I have examined this return and to the best of my knowledge is true, correct and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Signature or Title of Officer

Date (MM/DD/YY)

Do Not Submit Federal Return, Forms or Schedules when Filing this Return

If you are filing this return with a check or payment, please mail the return to:

COLORADO DEPARTMENT OF REVENUE Denver, CO 80261-0006

If you are filing this return without a check or payment, please mail the return to:

COLORADO DEPARTMENT OF REVENUE Denver, CO 80261-0005

These addresses and zip codes are exclusive to the Colorado Department of Revenue, so a street address is not required.

*200112RF19999*

DR 0112RF (08/24/20)

COLORADO DEPARTMENT OF REVENUE

Tax.Colorado.gov

Page 1 of 2

2020 Schedule RF —

Apportionment Schedule

Complete this form in accordance with section 39-22-303.6 C.R.S., and the regulations thereunder.

Name

Account Number

1. Total modified federal taxable income from the DR 0112 line 16

1

Apportionable Income Apportioned to Colorado By Use of the Receipts Factor

Do not include foreign source income modified out on the DR 0112 line 10.

Colorado

Everywhere

2.Gross receipts from the sale of tangible

personal property

2

3.Gross receipts from the sale

of services

3

4.Gross receipts from the sale, rental,

lease, or license of real property

4

5.Gross receipts from the rental, lease, or license of tangible

personal property

5

6.Gross receipts from the sale, rental, lease,

or license of intangible property

6

7.Distributive share of

partnership factors

7

8.Total receipts (total of lines 2

through 7 in each column)

8

 

9. Line 8 (Colorado) divided by line 8 (Everywhere)

9

Complete Lines 10 and 13 only if nonapportionable income is being directly allocated. If all income is being treated as apportionable income, enter 0 (Zero) on Lines 10 and 13.

10.Less income directly allocable to any state, including Colorado

(a) Net rents and royalties from

real or tangible property

 

(b) Capital gains and losses

 

 

Nonapportionable

(c) Interest and dividends

 

 

Income

 

 

Only

(d) Patents and copyright royalties

 

 

 

 

 

 

(e) Other nonapportionable income

 

 

 

(f) Total income directly allocable [add lines (a) through (e)]

10

 

11. Modified federal taxable income subject to apportionment, line 1 less line 10

11

 

12.Income apportioned to Colorado, line 9 multiplied by line 11

12

 

Do not submit federal return, forms or schedules when filing this return.

*200112RF29999*

DR 0112RF (08/24/20)

COLORADO DEPARTMENT OF REVENUE

Tax.Colorado.gov

Page 2 of 2

Name

Account Number

13.Add income directly allocable to Colorado:

(a)Net rents and royalties from

 

real or tangible property

 

 

 

(b) Capital gains and losses

 

 

Nonapportionable

(c) Interest and dividends

Income

 

(d) Patents and

Only

 

copyright royalties

 

(e) Other nonapportionable

 

income

(f)Total income directly allocable to Colorado [add lines (a) through (e)] 13

14.Total income apportioned and allocated to Colorado, sum of lines 12 and 13f. Enter here and

on the DR 0112 line 17

14

15.

Pursuant to §39-22-303.6(8) C.R.S., taxpayer elects to treat all income as apportionable income for the tax year covered by this return

Page 17

Instructions For Schedule C

Schedule C must be completed if the corporation is part of an affiliated group as defined in § 39-22-303(12), C.R.S., without

regard to the minimum property and payroll requirements prescribed in § 39-22-303(12)(c), C.R.S.

Enter information for the common parent on line 1. Lines 2 through 6 are for subsidiary corporations. Submit additional sheets if necessary.

Sections A through C

Enter the corporation’s name, address, Colorado Account

Number and Federal Employer Identification Number.

Section D

Taxpayers who are affiliated corporations, as described

above, and who have more than 20% of their property and payroll located within the United States must complete Section D.

The blocks in Section D are numbered from 1 to 6 and

correspond to the six numbered intercompany business relationships described below. For each affiliate listed on

Schedule C, mark yes or no in the blocks of Section D, to indicate whether the below described intercompany business relationships did or did not exist during the tax year and the two preceding tax years.

Intercompany Business Relationships

1.Is 50% or more of the corporation’s gross receipts from sales or leases to other affiliates or is 50%

or more of the corporation’s cost of goods sold or leased from other affiliates?

2.Does the corporation receive 50% or more of the total annual value of each of five or more of the following services from other affiliates: advertising and public relations, accounting and

bookkeeping, legal, personnel, sales, purchasing,

research and development, insurance, employee benefit programs? Do not count services which are

provided at an “arm’s length charge.” (See U.S. Treasury Regulation 1.482-2(b)(3).)

3.Is 20% or more of the corporation’s long-term debt owed to or guaranteed by other affiliates or is 20% or more of any other affiliate’s long-term debt owed to or guaranteed by the corporation?

4.Does the corporation use patents, trademarks, service marks, logos, trade secrets, copyrights

or other proprietary materials owned by other affiliates?

5.Are 50% or more of the members of the

corporation’s board of directors also members of the board of directors or corporate officers of other affiliates?

6.Are 25% or more of the corporation’s 20 highest ranking officers also members of the board of directors or corporate officers of other affiliates?

Section E

Mark the block in Section E if the corporation is included in a combined report. Corporations included in a combined report must have answered yes to three or more of the intercompany business relationships referred to in Section D.

Sections F through I

Enter corporation’s owner number, whether or not there was a change in ownership, the ownership percentage and principal business activity.

*200112C=19999*

DR 0112 Schedule C (08/14/20)

COLORADO DEPARTMENT OF REVENUE

Tax.Colorado.gov

Page 1 of 3

Schedule C — Colorado Affiliations Schedule

Do not submit federal return, forms or schedules when filing this return.

Parent

1.A. Name of Corporation

B. Colorado Account Number

Address of Corporation

City

State ZIP

C.FEIN

D. Intercompany Business Relationships (See Instructions)

1.

Yes

No 2.

Yes

No 3.

Yes

No 4.

Yes

No

5.

Yes

No 6.

Yes

No

E. Mark if corporation is included in combined return

F. Principal business activity

Subsidiary Corporations

2.

A. Name of Corporation

 

 

 

 

 

 

 

B. Colorado Account Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Address of Corporation

 

 

City

 

State

 

ZIP

 

C. FEIN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

D. Intercompany Business Relationships (See Instructions)

1.

 

Yes

 

No

2.

 

Yes

5.

 

Yes

 

No

6.

 

Yes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

No 3.

No

Yes

No 4.

Yes

No

E. Mark if corporation is included in combined return

F. Owned by corporation number

G. Change in ownership % during taxable period

Yes

No

H. % of ownership close of taxable period

I. Principal business activity

Submit additional pages as needed

*200112C=29999*

DR 0112 Schedule C (08/14/20)

COLORADO DEPARTMENT OF REVENUE

Tax.Colorado.gov

Page 2 of 3

Name

Account Number

3.

A. Name of Corporation

B. Colorado Account Number

Address of Corporation

City

State ZIP

C.FEIN

D. Intercompany Business Relationships (See Instructions)

1.

5.

Yes

Yes

No 2.

No 6.

Yes

Yes

No 3.

No

Yes

No 4.

Yes

No

E. Mark if corporation is included in combined return

F. Owned by corporation number

G. Change in ownership % during taxable period

Yes

No

H. % of ownership close of taxable period

I. Principal business activity

4.

A. Name of Corporation

 

 

 

 

 

 

 

B. Colorado Account Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Address of Corporation

 

 

City

 

State

 

ZIP

 

C. FEIN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

D. Intercompany Business Relationships (See Instructions)

1.

 

Yes

 

No

2.

 

Yes

5.

 

Yes

 

No

6.

 

Yes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

No 3.

No

Yes

No 4.

Yes

No

E. Mark if corporation is included in combined return

F. Owned by corporation number

G. Change in ownership % during taxable period

Yes

No

H. % of ownership close of taxable period

I. Principal business activity

Submit additional pages as needed

*200112C=39999*

DR 0112 Schedule C (08/14/20)

COLORADO DEPARTMENT OF REVENUE

Tax.Colorado.gov

Page 3 of 3

Name

Account Number

5.

A. Name of Corporation

B. Colorado Account Number

Address of Corporation

City

State ZIP

C.FEIN

D. Intercompany Business Relationships (See Instructions)

1.

5.

Yes

Yes

No 2.

No 6.

Yes

Yes

No 3.

No

Yes

No 4.

Yes

No

E. Mark if corporation is included in combined return

F. Owned by corporation number

G. Change in ownership % during taxable period

Yes

No

H. % of ownership close of taxable period

I. Principal business activity

6.

A. Name of Corporation

 

 

 

 

 

 

 

B. Colorado Account Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Address of Corporation

 

 

City

 

State

 

ZIP

 

C. FEIN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

D. Intercompany Business Relationships (See Instructions)

1.

 

Yes

 

No

2.

 

Yes

5.

 

Yes

 

No

6.

 

Yes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

No 3.

No

Yes

No 4.

Yes

No

E. Mark if corporation is included in combined return

F. Owned by corporation number

G. Change in ownership % during taxable period

Yes

No

H. % of ownership close of taxable period

I. Principal business activity

Submit additional pages as needed

*200112CR19999*

DR 0112CR (08/24/20)

COLORADO DEPARTMENT OF REVENUE

Tax.Colorado.gov

Page 1 of 2

2020 Credit Schedule for Corporations

Submit the DR 0112CR with your tax return

Use this schedule to determine which tax credits you are eligible to claim.

Be sure to submit the required supporting documentation for each credit claimed, including supporting schedules.

Most e-file software products and tax preparers have the ability to submit attachments electronically. If you do not attach the

documents electronically, fill out and submit the DR 1778 with your return and include all required

supporting documentation. Revenue Online can also be used to file your return and attachments electronically. Otherwise, include ALL required

documents to your paper return.

Dollar amounts shall be rounded to the nearest whole

dollar. Calculate percentages to the fourth decimal place. Round to four significant digits, e.g. xxx.xxxx

Name of Corporation

Colorado Account Number

Pass-through Entity Name

Ownership %

Entity Account Number

Enter in Section (A) the total credit generated in 2020 and any carryforward credit that is available from a prior year. Enter in Section (B) the portion of the credit in Section (A) that is being used to offset tax in 2020. If Section (A) is larger than Section (B), the credit can generally be carried forward to future years.

1.

Tax liability from the DR 0112 line 20

 

 

1

 

A. The New Investment Tax Credit

 

Section (A)

 

Section (B)

 

 

 

 

 

 

2.

$1,000 minus amount on line 7

2

 

 

 

3.

Current year qualified investment

3

 

 

 

4.

1% of the amount on line 3

4

 

 

 

5.

New investment tax credit carried over from prior year

5

 

 

 

6.Enter in Section (A) the total of lines 4 and 5. The amount entered in Section (B) cannot exceed either the amount in

 

Section (A) or the amount on line 2.

6

 

 

B. Other Credits

 

Credit Available

Credit Used

 

(Column (A))

(Column (B))

 

 

 

7.

Old investment tax credit

7

 

 

8.

Crop and livestock contribution credit

8

 

 

9.Carry forward of prior year Historic property preservation credit

(per §39-22-514, C.R.S.).

9

10.Child Care Contribution credit, you must submit the

DR 1317 with your return.

10

11.Child care center/family care home investment credit, you must submit a copy of your facility license and a list of depreciable

tangible personal property with your return.

11

12.Employer child care facility investment credit, you must submit a copy of your facility license and a list of depreciable tangible

personal property with your return.

12

13.School-to-Career investment credit, you must submit your

certification letter with your return.

13

*200112CR29999*

DR 0112CR (08/24/20)

COLORADO DEPARTMENT OF REVENUE

Tax.Colorado.gov

Page 2 of 2

Name

Account Number

Credit Available (Column (A))

Credit Used (Column (B))

14.Colorado works program credit, you must submit a copy of the letter from the county Department of Social/Human Services

with your return.

14

15.Contaminated land redevelopment credit from line 9 of form

DR 0349, you must submit the DR 0349 with your return.

15

16.Aircraft manufacturer new employee credit, you must submit

the DR 0085 and DR 0086 with your return.

16

17.Colorado Job growth incentive credit, you must submit

certification from the EDC with your return.

17

18.Certified auction group license fee credit, you must submit

a copy of the certification with your return.

18

19.Advanced Industry Investment credit, you must submit

certification from the EDC with your return.

19

20.Affordable housing credit, you must submit the CHFA

certification with your return.

20

21.Credit for food contributed to hunger-relief charitable

organizations, you must submit the DR 0346 with your return. 21

22.Preservation of Historic Structures credit(per §39-22-514.5,

C.R.S.) carried forward from a prior year.

22

23.Preservation of Historic Structures credit (per §39-22-514.5,

C.R.S.), you must submit the certificate from OEDIT, History

Colorado, or local granting authority with your return.

23

24.If you are claiming the Preservation of Historic Structures credit, enter your credit certificate number issued by

OEDIT, History Colorado, or local granting authority.

24

25.Rural Jump Start Zone credit, you must submit certificate from Office of Economic Development AND the

DR 0113 with your return.

25

26.Credit for employer contributions to employee 529 plan, you must

submit DR 0289 with your return.

26

27.Credit for employer paid leave of absence for live organ donation. Employer must complete and submit form

DR 0375 with their return.

27

28.Total nonrefundable credits, add both columns from lines 6 through 27, exclude the certificate number on line 24. Enter here

and transfer column B to the DR 0112 line 21.

28

Limitation: The total credits entered on line 28 on this DR 0112CR may not exceed the tax on line 1.

STATE OF COLORADO

DEPARTMENT OF REVENUE

Official State of

Colorado Publication

Old Investment Tax Credit

The old investment tax credit is the sum of the old investment tax credit carry over, the current year old investment tax credit and the old investment tax credit carry back. The current year credit is 10% of the federal current year determined

pursuant to section 46 of the Internal Revenue Code on property located in Colorado. The credit is limited to the first

$5,000 of tax liability plus 25% of the tax in excess of $5,000. Excess credit may be carried back three years and forward seven. See the department publication Corporate Income Tax Guide if this applies to you.

Crop and Livestock Contribution Credit

A 25% credit is available for the donation of crops or livestock to a charitable organization. See § 39-22-301(3), C.R.S. if this applies to you.

Child Care Contribution Credit

A 50% credit is available for qualifying contributions made to promote child care in Colorado. See publication FYI Income 35 if this applies to you.

Child Care Facility Investment Credit

A 20% investment credit is available for certain tangible personal property used in the operation of a child care center, a family child care home, or a foster care home. See publication FYI Income 7 if this applies to you.

Note! There are two credits that are available for the

preservation of historic properties and structures. Each credit has a different certification process and is subject to different limitations and qualification requirements.

The Historic Property Preservation credit (§39-22-514, C.R.S.) The carryforward of prior year historic property

preservation credit must be claimed on line 9 of the

DR 0112CR. A credit of 20% of the cost of restoring certified historic property in Colorado is available. For more information on this credit, review FYI Income 1.

The Preservation of Historic Structures credit (§39-22- 514.5, C.R.S.) must be claimed on lines 22 through 24 of

the DR 0112CR. For more information on this credit, review resources available online from the Colorado Office of

Economic Development or from History Colorado.

Employer Child Care Facility Investment Credit

A 10% investment credit is available for employer sponsored child care facility investment. See publication FYI Income 7 if this applies to you.

School-to-Career Investment Credit

A credit of 10% of the current year investment in a qualified school-to-career program is available. See publication FYI Income 32 if this applies to you.

Colorado Works Program Credit

A credit of 20% of an employer’s expenditures to employ recipients of public assistance is available. See publication FYI Income 34 if this applies to you.

Contaminated Land Redevelopment Credit

A credit is available for expenditures made to redevelop contaminated land in Colorado. See publication FYI Income 42 if this applies to you.

Aircraft Manufacturer New Employee Credit

A credit is available to qualified aircraft manufacturers located in an aviation development zone. See publication FYI Income 62 if this applies to you.

Job Growth Incentive Credit

Credits are approved and certified by the Colorado Economic Development Commission. A credit certificate issued by the

Commission must be submitted with any return claiming this credit. Visit choosecolorado.com for more information about qualifying.

Credit for Employer Paid Leave of Absence for Live Organ Donation

An income tax credit is available for employers who incurred expenses during the tax year by paying an employee during his or her leave of absence period (not to exceed ten working days or the hourly equivalent of ten working days per employee) for live organ donation and for the cost of temporary replacement help, if any, during an employee’s leave of absence period.

The amount of credit allowed is 35% of eligible expenses, as defined in statute.(§39-22-540, C.R.S.). You may not claim a

tax credit related to a leave of absence period for an employee who you pay $80,000 or more in wages during the income tax year. Review the instructions on form DR 0375 for more information. You must submit the DR 0375 with your return.

Certain credits require supplemental documentation or they might be denied. We strongly suggest that you submit your

documentation using the E-Filer Attachment option through Revenue Online. Otherwise, use form DR 1778, supported e-file software, or include with your paper return. Guidance publications are available in the Tax Policy and Research

section at Tax.Colorado.gov

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