Filing Requirement Changes for Partnerships and S Corporations
Effective tax year 2022, Partnerships and S Corporations are required to provide Colorado K-1s (DR 0106K) for each of their partners or shareholders for each tax year. In prior years, only Part III of the DR 0106 was required. Find more information at our Filing Requirement Changes for Partnerships and S Corporations webpage.
E-File Options
First, complete the federal income tax return you will file with the Internal Revenue Service (IRS). You will use figures or data from your federal return on your Colorado income tax return. The Colorado Department of Revenue offers a free e-file and account service called Revenue Online to file your state income tax. Visit the File Online page for more information.
Extension of Time to File
Calendar year returns are due by April 18, 2022. If you are unable to file by your prescribed due date, you may file under extension. This will allow you an additional six months to file your return, or until October 15th for traditional calendar year filers. However, the extension to file does not allow you to extend your payment due date. You must pay at least 90% of your tax liability by the original due date of your return and the remainder by the filing extension due date to avoid delinquent payment penalties.
Amending a Return
If an amended return is filed with the IRS, or if the IRS changes the content of the return, an amendment must be filed with Colorado. Use Revenue Online or the DR 0106 to amend the Colorado return. If using the DR 0106, be sure to check the box next to the fiscal year information to indicate that you are filing an amended return.