Form DR0107 Colorado Nonresident Partner or Shareholder Agreement - Colorado

What Is Form DR0107?

This is a legal form that was released by the Colorado Department of Revenue - a government authority operating within Colorado. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form DR0107?
A: Form DR0107 is the Colorado Nonresident Partner or Shareholder Agreement.

Q: Who needs to file Form DR0107?
A: Colorado nonresident partners or shareholders who wish to report their income, deductions, and credits from a pass-through entity in Colorado.

Q: What is a pass-through entity?
A: A pass-through entity is a business structure that does not pay income tax at the entity level, but rather passes its income, deductions, and credits through to its owners or shareholders.

Q: What information is required on Form DR0107?
A: Form DR0107 requires information about the nonresident partner or shareholder, the pass-through entity, and the income, deductions, and credits to be reported.

Q: When is the deadline to file Form DR0107?
A: Form DR0107 must be filed by the original due date of the pass-through entity's Colorado income tax return, which is generally April 15th.

Q: Are there any penalties for late filing of Form DR0107?
A: Yes, there are penalties for late filing of Form DR0107, including a penalty for each month or fraction of a month that the return is late.

Q: Is there a fee to file Form DR0107?
A: No, there is no fee to file Form DR0107.

Q: Can Form DR0107 be amended?
A: Yes, if there are changes or corrections to the original Form DR0107, an amended form can be filed.