Form DR0204 Tax Year Ending Computation of Penalty Due Based on Underpayment of Colorado Individual 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 DR0204 for the current year.

Form DR0204 Tax Year Ending Computation of Penalty Due Based on Underpayment of Colorado Individual Estimated Tax - Colorado

What Is Form DR0204?

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 DR0204?
A: Form DR0204 is a form used in Colorado to calculate the penalty due based on underpayment of individual estimated tax.

Q: What is the purpose of Form DR0204?
A: The purpose of Form DR0204 is to determine the penalty amount that an individual taxpayer owes due to underpayment of estimated tax in Colorado.

Q: Who needs to file Form DR0204?
A: Individual taxpayers in Colorado who have underpaid their estimated tax may need to file Form DR0204.

Q: How is the penalty amount calculated on Form DR0204?
A: The penalty amount on Form DR0204 is calculated based on the underpayment of estimated tax and the applicable interest rate set by the Colorado Department of Revenue.

Q: When is Form DR0204 due?
A: Form DR0204 is due on the same date as the individual income tax return in Colorado, which is typically April 15th.

Q: Are there any exceptions or exemptions to the penalty?
A: There may be exceptions or exemptions to the penalty based on certain circumstances, such as a reasonable cause for the underpayment or low income.

Q: Can I e-file Form DR0204?
A: Yes, Form DR0204 can be e-filed along with the individual income tax return in Colorado.

Q: What should I do if I have questions about Form DR0204?
A: If you have questions about Form DR0204, you should contact the Colorado Department of Revenue or consult with a tax professional for assistance.

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Form Details:

  • Released on November 21, 2022;
  • 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 DR0204 by clicking the link below or browse more documents and templates provided by the Colorado Department of Revenue.

Download Form DR0204 Tax Year Ending Computation of Penalty Due Based on Underpayment of Colorado Individual Estimated Tax - Colorado

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