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 the form used to make payment of withholding tax on certain Colorado real property interest transfers.

Q: Who needs to file Form DR1079?
A: Anyone who is involved in a real property interest transfer in Colorado and is required to withhold tax needs to file Form DR1079.

Q: What is the purpose of Form DR1079?
A: The purpose of Form DR1079 is to report and remit the withholding tax on certain real property interest transfers in Colorado.

Q: What information do I need to provide on Form DR1079?
A: You will need to provide information about the transferor, transferee, the property being transferred, and the amount of withholding tax being remitted.

Q: When is the deadline for filing Form DR1079?
A: Form DR1079 must be filed within 30 days of the date of transfer.

Q: What happens if I don't file Form DR1079?
A: Failure to file Form DR1079 or pay the withholding tax can result in penalties and interest charges.

Q: Can I e-file Form DR1079?
A: No, Form DR1079 must be filed by mail.

Q: Is Form DR1079 specific to Colorado?
A: Yes, Form DR1079 is specific to real property interest transfers in Colorado.