Colorado Amended Corporate Tax Return
Extracted from PDF file 2020-colorado-form-dr-0112x.pdf, last modified July 2017
Amended Corporate Tax Return*DO=NOT=SEND* DR 0112X (11/05/20) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov 2020 Amended C Corporation Income Tax Return Instructions You MUST use the amended return form that corresponds to the tax year you are amending or your amended return cannot be processed. The 2020 DR 0112X, Amended Colorado C Corporation Income Tax Return, is used to correct your 2020 Corporation income tax return. File the return for free using Revenue Online. You can file on paper if you cannot file electronically, but please note that filing on paper may result in processing delays. For more information or any questions pertaining to income, deductions, modifications, credits, etc., refer to the income tax 112 Book for 2020. Visit Tax.Colorado.gov for additional information and guidance publications. Supporting Documents: You must submit all required schedules and supporting certifications to this amended return even if there is no change from the original return. (For example: Schedule RF, DR 0112CR, DR 0074, etc.) Failure to include this documentation will result in the disallowance of credits, subtractions or reduced apportioned income and will result in processing delays. Lines 38 through 44 compute the amount you owe to the state on the amended return. Any decrease in the amount of the overpayment (line 38) or increase in the amount owed (line 39) will indicate that an amount is owed with the amended return. See FYI General 11 for assistance in computing the amount of interest to enter on line 41. If you have previously been assessed a delinquency penalty or estimated tax penalty and this amended return causes the amount of penalty to change, enter the increased penalties on lines 42 and/or 43. Lines 45 through 49 compute your refund of credit available on the amended return. Any increase in the amount of the overpayment (line 45) or decrease in the amount owed (line 46) will indicate that an overpayment is available with the amended return. The overpayment can be credited to estimated tax (line 48) for the tax year following the period on the amended return, or can be requested as a refund (line 49). Statute of Limitations. The statute of limitations for filing a Colorado claim for refund is generally four years from the original due date of the return or three years from the date of the last payment of tax or the year involved, whichever is later. In the case of an investment credit or capital loss carryback, the claim must be filed within four years of the due date of the return for the year during which the credit or loss arose. See the Corporate Income Tax Guide for more information. Colorado net operating losses may not be carried back to an earlier year. They may be carried forward for 15 years from tax years beginning before August 6, 1997, and 20 years from tax years beginning on or after August 6, 1997. Protective Claims. If this amended return is being filed to keep the statute of limitations open pending the outcome of a court case or tax determination in another state that affects your Colorado return, check the protective claim box under reason for filing corrected return. Payment Taxpayers can now visit Colorado.gov/RevenueOnline to pay online. Online payments reduce errors and provide a payment confirmation. Revenue Online also allows users to submit various forms and to manage their tax account. Please be advised that a nominal processing fee may apply to certain payment methods. If you file electronically but are unable to remit payment electronically, please use form DR 0900C to remit your payment. Make your check payable to the Colorado Department of Revenue. If you are not submitting your return electronically, please include your payment with this amended return. Write the tax year and your FEIN or Colorado Account Number on the memo line of the check. Otherwise, your account might not be properly credited. MAILING ADDRESS FOR FORM DR 0112X WITH PAYMENT Mail To COLORADO DEPARTMENT OF REVENUE Denver, CO 80261-0006 WITHOUT PAYMENT Mail To COLORADO DEPARTMENT OF REVENUE Denver, CO 80261-0005 These addresses and zip codes are exclusive to the Colorado Department of Revenue, so a street address is not required. *200112X=19999* DR 0112X (11/05/20) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 1 of 5 (0025) 2020 Amended Colorado C Corporation Income Tax Return Fiscal Year Beginning (MM/DD/20) Reason for amended return (mark one) Ending (MM/DD/YY) From tax year ending (YYYY) Investment tax credit carryback Federal Revenue Agent Report From tax year ending (YYYY) Federal net operating loss carryback Other, include explanation Note: Colorado net operating losses may not be carried back to an earlier tax year. Protective claim, include explanation Name of Corporation Colorado Account Number Address Federal Employer ID Number City State Mark for Final Return Zip Mark this box if submitting a statement disclosing a listed or reportable transaction. A. Apportionment of Income. This return is being filed for: (42) A corporation not apportioning income; A corporation engaged in interstate (43) business apportioning income using receipts - factor apportionment (DR 0112RF required); corporation engaged in interstate business (44) A apportioning income under special regulation (DR 0112RF required); (45) A corporation electing to pay a tax on its gross Colorado sales; (46) A corporation claiming an exemption under P.L. 86-272; Alternate apportionment method, see (47) instructions concerning the requirement for approval by the Department (fill in below); Requires approval by the department B. Separate/Consolidate/Combined Filing. This return is being filed by: A single corporation filing a separate return; An affiliated group of corporations electing to file a consolidated report. Warning: such election is binding for four years. If your election was made in a prior year, enter the year of election in line below. (Schedule C required); Enter the year of election (YYYY) An affiliated group of corporations required to file a combined return (Schedule C required); An affiliated group of corporations required to file a combined return that includes another affiliated, consolidated group (Schedule C required); DR 0112X (11/05/20) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 2 of 5 *200112X=29999* Name Account Number Federal Taxable Income 1. Federal taxable income from Form 1120 or 990-T As Amended 2. Federal taxable income of companies not included in this return 3. Net federal taxable income, subtract line 2 from line 1 Additions 1 00 2 00 3 00 4. Federal net operating loss deduction 4 00 5. Colorado income tax deduction 5 00 6. Business Interest Expense Deduction Addback (see instructions). 6 00 7. Other additions, submit explanation 7 00 8. Sum of lines 3 through 7 8 00 9. Exempt federal interest 9 00 10. Excludable foreign source income 10 00 11. Colorado capital gain subtraction 11 00 12 00 13 00 14 00 15 00 Subtractions 12. Colorado Marijuana Business Deduction 13. Agricultural asset lease deduction. Enter CADA Certificate number and submit a copy of your certificate with your return. 14. Other subtractions, explain below Explain: 15. Sum of lines 9 through 14 CADA Certificate Number *200112X=39999* DR 0112X (11/05/20) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 3 of 5 Name Account Number Taxable Income 16. Modified federal taxable income, subtract line 15 from line 8 16 00 17. Colorado taxable income before net operating loss deduction 17 00 18. Colorado net operating loss deduction: (see instructions) (a) Colorado net operating losses carried forward from tax years beginning before January 1, 2018 18(a) (b) Subtract line 18(a) from line 17, If zero skip to 18(d) 18(b) (c) Colorado net operating losses carried forward from tax years beginning on or after January 1, 2018 18(c) (d) Colorado net operating loss deduction, sum of (a) and (c) 00 00 00 18(d) 00 19. Colorado taxable income, subtract line 18(d) from line 17 19 00 20. Tax, 4.55% of the amount of line 19 20 00 21 00 22. Non-refundable Enterprise Zone credits used – as calculated, or from the DR 1366 line 87 (the sum of lines 21, 22 and 23 cannot exceed tax on line 20). You must submit the DR 1366 with your return. 23. Strategic capital tax credit from DR 1330 line 6b, the sum of lines 21, 22, and 23 cannot exceed line 20, you must submit the DR 1330 with your return. 22 00 23 00 24. Net tax, sum of lines 21, 22, and 23. Subtract that sum from line 20. 24 00 25. Recapture of prior year credits 25 00 26. Sum of lines 24 and 25 26 00 27. Estimated tax and extension payments and credits 28. W-2G Withholding from lottery winnings, you must submit the W-2G(s) with your return. 29. Gross Conservation Easement Credit from the DR 1305G line 33, you must submit the DR 1305G with your return. 30. Innovative Motor Vehicle Credit from form DR 0617, you must submit the DR 0617(s) with your return. 31. Business Personal Property Credit: Use the worksheet in the 112 book instructions to calculate, you must submit copy of assessor’s statement with your return. 32. Renewable Energy Tax Credit from form DR 1366 line 88, you must submit the DR 1366 with your return. 27 00 28 00 29 00 30 00 31 00 32 00 33 00 Credits 21. Sum of nonrefundable credits from line 28, form DR 0112CR (the sum of lines 21, 22, and 23 cannot exceed tax on line 20). You must submit the DR 0112CR with your return. 33. Sum of lines 27 through 32 *200112X=49999* DR 0112X (11/05/20) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 4 of 5 Name Account Number If you want the Department of Revenue to compute and mail your refund, or compute your balance due and mail a bill, stop here and leave lines 34 through 49 blank. If you want to compute the refund or balance due yourself, continue with line 34. 34. If line 33 is larger than line 26, enter your overpayment 34 00 35. Enter the overpayment from your original return or as previously adjusted 35 00 36. If line 26 is larger than line 33, enter the amount owed 36 00 37. Enter the amount owed from your original return or as previously adjusted Compute the Amount You Owe 37 00 38. Subtract line 34 from line 35, if the result is negative then enter zero 38 00 39. Subtract line 37 from line 36 if the result is negative then enter zero 39 00 40. Additional tax due, sum of lines 38 and 39 40 00 41. Interest due on additional tax 41 00 42. Penalty due 42 00 43. Estimated tax penalty due 43 00 44. Payment due with this return, sum of lines 40 through 43 Paid by EFT 44 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. *200112X=59999* DR 0112X (11/05/20) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 5 of 5 Name Account Number Compute Your Refund 45. Subtract line 35 from line 34, if the result is negative then enter zero 45 00 46. Subtract line 36 from line 37, if the result is negative then enter zero 46 00 47. Overpayment, sum of lines 45 and 46 47 00 48. Amount from line 46 to carry forward to the next year’s estimated tax 48 00 49. Refund claimed with this return, subtract line 48 from line 47 49 00 Direct Deposit Type: Routing Number Checking Savings Account Number File and pay electronically at Colorado.gov/RevenueOnline or make checks payable to: Colorado Department of Revenue If you are filing this return WITH a check or payment, please mail the return to: Colorado Department of Revenue Denver, CO 80261-0006 If you are filing this return WITHOUT a check or payment, please mail the return to: Colorado Department of Revenue Denver, CO 80261-0005 Under penalties of perjury in the second degree, I declare that I have examined this return and to the best of my knowledge is true, correct and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Signature of Officer Title of Officer Paid Preparer’s Last Name Date (MM/DD/YY) Paid Preparer’s First Name Middle Initial Paid Preparer’s Address Paid Preparer’s Address City State Zip Paid Preparer’s Phone
Form DR 0112X
More about the Colorado Form DR 0112X Corporate Income Tax Amended Return TY 2020
The DR 0112X, Amended Colorado C Corporation Income Tax Return, is used to correct your Corporation income tax return. File the return for free using Revenue Online. You can file on paper if you cannot file electronically, but please note that filing on paper may result in processing delays.
We last updated the Amended Corporate Tax Return in March 2021, so this is the latest version of Form DR 0112X, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form DR 0112X directly from TaxFormFinder. You can print other Colorado tax forms here.
Other Colorado Corporate Income Tax Forms:
|Form Code||Form Name|
|Form DR 5785||Electronic Funds Transfer (EFT) Authorization|
|Form 108||Nonresident Partner/Shareholder Statement of Remittance|
|112 Booklet||C-Corporation Income Tax Return Booklet|
|Form DR 0617||Innovative Motor Vehicle Credit|
|Form 106||Partnership / S-Corporation Pass-Through Entities Tax Booklet|
Colorado usually releases forms for the current tax year between January and April. We last updated Colorado Form DR 0112X from the Department of Revenue in March 2021.
Form DR 0112X is a Colorado Corporate Income Tax form. An amended tax return is used to correct errors or omissions in a previously-filed tax return. While taxpayers will not generally be punished simply for correcting an error in a previous return, errors that resulted in an underpayment of owed tax can sometimes result in penalties or interest owed.
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 DR 0112X
We have a total of seven past-year versions of Form DR 0112X 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.