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This version of the form is not currently in use and is provided for reference only. Download this version of
Form DR1079
for the current year.
Form DR1079 Payment of Withholding Tax on Certain Colorado Real Property Interest Transfers - Colorado
What Is Form DR1079?
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 DR1079?
A: Form DR1079 is a form used in Colorado to pay withholding tax on certain real property interest transfers.
Q: Who needs to file Form DR1079?
A: Any person or entity involved in a real property interest transfer in Colorado may be required to file Form DR1079.
Q: What is the purpose of filing Form DR1079?
A: The purpose of filing Form DR1079 is to report and pay withholding tax on certain real property interest transfers.
Q: What is considered a real property interest transfer?
A: A real property interest transfer refers to the conveyance or transfer of ownership of real estate, including sales, exchanges, gifts, grants, or transfers of legal or equitable title.
Q: How is the withholding tax calculated?
A: The withholding tax is calculated based on the sale price or transfer value of the real property interest.
Q: When is Form DR1079 due?
A: Form DR1079 is due on or before the date of the real property interest transfer.
Q: Are there any penalties for late filing?
A: Yes, there are penalties for late filing of Form DR1079. It is important to submit the form on time to avoid these penalties.
Form Details:
- Released on June 4, 2021;
- 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 DR1079 by clicking the link below or browse more documents and templates provided by the Colorado Department of Revenue.
