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.
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.
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.
Form Details:
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.