Form DR0205 Tax Year Ending Computation of Penalty Due Based on Underpayment of Colorado Corporate Estimated Tax - Colorado

Notification Icon This version of the form is not currently in use and is provided for reference only. Download this version of Form DR0205 for the current year.

Form DR0205 Tax Year Ending Computation of Penalty Due Based on Underpayment of Colorado Corporate Estimated Tax - Colorado

What Is Form DR0205?

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 DR0205?
A: Form DR0205 is a tax form used to compute the penalty due based on the underpayment of Colorado corporate estimated tax.

Q: What is the purpose of Form DR0205?
A: The purpose of Form DR0205 is to calculate the penalty amount for underpayment of Colorado corporate estimated tax.

Q: Who should use Form DR0205?
A: Form DR0205 should be used by corporations that have underpaid their estimated taxes in Colorado.

Q: What is underpayment of Colorado corporate estimated tax?
A: Underpayment of Colorado corporate estimated tax refers to the situation where a corporation has not paid enough estimated tax throughout the tax year.

Q: How is the penalty for underpayment calculated?
A: The penalty for underpayment is calculated based on the difference between the required estimated tax payments and the actual payments made by the corporation.

Q: Is Form DR0205 specific to Colorado?
A: Yes, Form DR0205 is specific to the state of Colorado.

Q: Are there any other penalties for underpayment of Colorado corporate estimated tax?
A: Yes, in addition to the penalty computed using Form DR0205, there may be other penalties imposed by the Colorado Department of Revenue for underpayment of corporate estimated tax.

Q: Is it optional to file Form DR0205?
A: No, if a corporation has underpaid its estimated tax in Colorado, it is required to file Form DR0205 to compute the penalty due.

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Form Details:

  • Released on November 5, 2020;
  • The latest edition provided by the Colorado Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form DR0205 by clicking the link below or browse more documents and templates provided by the Colorado Department of Revenue.

Download Form DR0205 Tax Year Ending Computation of Penalty Due Based on Underpayment of Colorado Corporate Estimated Tax - Colorado

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