×
tax forms found in
Tax Form Code
Tax Form Name

Colorado Free Printable  for 2024 Colorado Closing Agreement - Estates, Trusts

There are only 18 days left until tax day on April 16th! eFile your return online here , or request a six-month extension here .

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2023-colorado-form-dr-0253.pdf, and you can print it directly from your computer.

Closing Agreement - Estates, Trusts
Form DR 0253

DR 0253 (08/30/13) colorado department of revenue Denver, CO 80261-0005 www.TaxColorado.com *130253==19999* Income Tax Closing Agreement I. Taxpayer for which/whom agreement is sought Last Name First Name Address Taxpayer is (check one): Middle Initial SSN or Colorado Account Number City Individual Date of Death (MM/DD/YY) State Zip Estate Trust Corporation II. Person seeking agreement Last Name First Name Address City Middle Initial State Zip Relationship to taxpayer Reason for seeking agreement III. Agreement Whereas there has been a determination of the Colorado income tax liability of said taxpayer or taxpayer's estate for the period_____________________________________________________________________________________ in the principal sum of $____________________________________________________________________________ and, Whereas, said fiduciary, officer or agent hereby agrees to this determination and consents to the assessment and collection of any deficiency in tax included in the amount of the principal tax liability so determined, together with any penalty or interest applicable thereto as provided by law, and/or to accept any abatement, credit, or refund made in accordance with such determination, together with any interest due thereon as provided by law; Now, this agreement witnesseth, that said fiduciary, officer or agent and said Executive Director of the Department of Revenue of the State of Colorado hereby mutually agree that the principal amount of such liability so determined shall be final and conclusive if and when this agreement is approved by said Executive Director of the Department of Revenue. In witness whereof, the above parties have subscribed their names to these presents. Fiduciary, Officer or Agent Signature Date (MM/DD/YY) Executive Director, Department of Revenue Signature Date (MM/DD/YY) The Department of Revenue hereby acknowledges receipt of $_______________________ in accordance with this agreement in full satisfaction of the taxes for the taxable period to which the above agreement relates as provided in section 39-21-116, CRS 1973, except upon a showing of fraud, malfeasance, or misrepresentation of a material fact. Received by Date (MM/DD/YY) 39-21-116. Colorado Revised Statutes. Closing agreements. (1) For the purpose of facilitating the settlement and distribution of estates, trusts, receiverships, or other fiduciary relationships, corporation, limited liability companies, and partnerships in the process of dissolution or which have been dissolved, the executive director of the department of revenue may agree with the fiduciary or surviving directors or limited liability company members or partnership members upon the amount of taxes due from the decedent, or from the decedent's estate, the trust, receivership, or other fiduciary relationship or corporation or limited liability company or partnership, for any of his or its taxable periods, under the provisions of the taxes covered by this article; and, except upon a showing of fraud, malfeasance, or misrepresentation of a material fact, payment in accordance with such agreement shall be full satisfaction of the taxes for the taxable periods to which the agreement relates. In addition, the executive director or any person authorized in writing by him may agree to enter into an agreement with any person, or the person or estate for whom he acts, relating to the liability of such person in respect of any tax within the provisions of this article for any prior taxable period. Any such agreement shall be final and conclusive; and, except upon a showing of fraud, malfeasance, or misrepresentation of a material fact, the case shall not be reopened as to matters agreed upon or the agreement modified by any officer, employee, or agent of this state; and, in any suit, action, or proceeding, such agreement, or any determination, assessment, collection, payment, abatement, refund, or credit made in accordance therewith, shall not be annulled, modified, set aside, or disregarded. (2) Except as provided in subsection (4) of this section, any personal representative of a decedent or of the estate of a decedent, or any trustee, receiver, or other person acting in a fiduciary capacity, or any director or officer of a corporation or any member of a partnership or limited liability company in the process of dissolution or which has been dissolved who distributes the estate or fund in his control without having first paid any taxes covered by this article due from such decedent, decedent's estate, trust estate, fund, corporation, partnership, or limited liability company shall be personally liable to the extent of the property so distributed for any unpaid taxes of the decedent, decedent's estate, trust estate, receivership, corporation, partnership, or limited liability company covered by this article which may be assessed within the time limited by section 39-21-107. (3) The distributee of a decedent's estate or of a trust estate or fund, the stockholder of any dissolved corporation, or the member of any dissolved partnership or limited liability company who receives any of the property of such decedent's estate, trust estate, fund, corporation, partnership, or limited liability company shall be liable, to the extent of the property so received, for any unpaid income tax of the decedent, decedent's estate, trust estate, fund, corporation, partnership, or limited liability company covered by this article which may be assessed within the time limited by section 39-21-107. Notice to such distributee, stockholder, partnership member, or limited liability company member shall be given in the same manner and within the time limit which would have been applicable had there been no distribution. (4) (a) In case a tax covered by this article is due from a decedent, or from his estate, or from a corporation, limited liability company, or partnership, in order for personal liability under subsection (2) of this section to remain in effect, determination of the tax shall be made and notice and demand therefor shall issue within eighteen months after written request for such determination, filed after the filing of the decedent's final return or filed after the filing of the return of the decedent's estate with respect to which such request is applicable, by any personal representative of such decedent or by the corporation, limited liability company, or partnership, filed after the filing of its return; but a request under this provision shall not extend the period of limitation otherwise applicable. (b) This subsection (4) shall not apply in the case of a corporation, limited liability company, or partnership unless: (I) Such request notifies the executive director of the department of revenue that the corporation, limited liability company, or partnership contemplates dissolution at or before the expiration of such eighteen-month period; (II) The dissolution is begun in good faith before the expiration of such eighteen-month period; and (III) The dissolution is completed. (c) Upon expiration of said eighteen-month period, without determination being made and notice and demand being issued, the personal representative of the decedent, the directors and officers of the corporation, or the members of the limited liability company or partnership no longer will be liable under the provisions of subsection (2) of this section.
Extracted from PDF file 2023-colorado-form-dr-0253.pdf, last modified August 2013

More about the Colorado Form DR 0253 Estate Tax TY 2023

We last updated the Closing Agreement - Estates, Trusts in February 2024, so this is the latest version of Form DR 0253, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form DR 0253 directly from TaxFormFinder. You can print other Colorado tax forms here.


eFile your Colorado tax return now

eFiling is easier, faster, and safer than filling out paper tax forms. File your Colorado and Federal tax returns online with TurboTax in minutes. FREE for simple returns, with discounts available for TaxFormFinder users!

File Now with TurboTax

Other Colorado Estate Tax Forms:

TaxFormFinder has an additional 64 Colorado income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 105EP Estate / Trust Estimated Tax Voucher
DR 0105 Payment for Automatic Colorado Extension for Estates or Trusts
Form DR 0253 Closing Agreement - Estates, Trusts
Form DR 1210 Estate Tax Return
Form DR 158-F Extension Payment Voucher

Download all CO tax forms View all 65 Colorado Income Tax Forms


Form Sources:

Colorado usually releases forms for the current tax year between January and April. We last updated Colorado Form DR 0253 from the Department of Revenue in February 2024.

Show Sources >

About the Estate Tax

The IRS, and many states, impose an estate tax on the transfer of cash and property between a decedent and their beneficiaries. These taxes generally only apply to estates over a certain size threshold, generally several million dollars, and therefore only affects the largest few percent of estates in the United States.

Historical Past-Year Versions of Colorado Form DR 0253

We have a total of twelve past-year versions of Form DR 0253 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



TaxFormFinder Disclaimer:

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.

** This Document Provided By TaxFormFinder.org **
Source: http://www.taxformfinder.org/colorado/form-dr-0253