Colorado Nonresident Partner/Shareholder Statement of Remittance
Extracted from PDF file 2017-colorado-form-108.pdf, last modified October 2017
Nonresident Partner/Shareholder Statement of Remittance0018 DR 0108 (08/01/16) COLORADO DEPARTMENT OF REVENUE Denver, CO 80261-0008 www.TaxColorado.com *170108==19999* 2017 Statement of Colorado Tax Remittance for Nonresident Partner, Shareholder or Member In general, partnerships should remit withholding for their nonresident partners. However, if a composite return is filed to include such nonresident partner/shareholder the withholding is not required. Nonresident partner withholding is due on the 15th day of the fourth month following the end of the taxable year. See the instructions for Nonresident Partners/Shareholders/ Members in the 106 Booklet for more information. Please note, a MAXIMUM of fifty (50) DR 108 forms may be submitted with a single payment. DO NOT remit one payment via EFT or check and request the Department to allocate funds to more than 50 nonresident partners. Furthermore, the DR 108 totals must exactly match the payments, or the Department WILL NOT transfer the funds on behalf of the partnership. DR 0108 (06/16/16) Return this form with check or money order payable to the Colorado Department of Revenue, Denver, Colorado 802610008. Enter on form DR 0108 the name and Social Security number or FEIN of the nonresident partner, shareholder or member who will ultimately claim this payment. Do not send cash. Enclose, but do not staple or attach, your payment with this form. Shareholder is (Mark one): Individual (SSN) Estate or Trust (FEIN) SSN FEIN Last name of nonresident partner, shareholder or member First Name Middle Initial Address City Colorado Account Number State ZIP Do not use this form for a C-Corporation or Partnership / S-Corp / LLC FEIN Address City State ZIP The State may convert your check to a one time electronic banking transaction. Your bank account may be debited as early as the same day received by the State. If converted, your check will not be returned. If your check is rejected due to insufficient or uncollected funds, the Department of Revenue may collect the payment amount directly from your bank account electronically. If No Payment Is Due, Do Not File This Form. 1. Colorado-source income for nonresident partner or shareholder 1 $ .00 2. Colorado tax remitted, 4.63% of amount on line 1 2 $ .00
More about the Colorado Form 108 Corporate Income Tax Nonresident TY 2017
In general, partnerships should remit withholding for their nonresident partners. However, if a composite return is filed to include such nonresident partner/shareholder the withholding is not required. Nonresident partner withholding is due on the 15th day of the fourth month following the end of the taxable year.
We last updated the Nonresident Partner/Shareholder Statement of Remittance in January 2018, so this is the latest version of Form 108, fully updated for tax year 2017. You can download or print current or past-year PDFs of Form 108 directly from TaxFormFinder. You can print other Colorado tax forms here.
Other Colorado Corporate Income Tax Forms:
|Form Code||Form Name|
|Form 106||Partnership / S-Corporation Pass-Through Entities Tax Booklet|
|Form DR 1366||Enterprise Zone Credit and Carryforward Schedule|
|Form DR 5714||Request for Copy of Form Filed|
|Form DR 0617||Innovative Motor Vehicle Credit|
|112 Booklet||C-Corporation Income Tax Return Booklet|
Colorado usually releases forms for the current tax year between January and April. We last updated Colorado Form 108 from the Department of Revenue in January 2018.
Form 108 is a Colorado Corporate Income Tax form. Many states have separate versions of their tax returns for nonresidents or part-year residents - that is, people who earn taxable income in that state live in a different state, or who live in the state for only a portion of the year. These nonresident returns allow taxpayers to specify which which income is subject to the state's taxes, and which is not.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Colorado Form 108
We have a total of three past-year versions of Form 108 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of Colorado Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.