The Colorado 104X form is an Amended Colorado Income Tax Return used to correct errors on your original individual income tax return for the year 2010. This form allows taxpayers to adjust their income, deductions, and credits, ensuring accurate tax reporting. Completing the 104X can lead to either a refund or an amount owed, depending on the adjustments made.
The Colorado 104X form, officially known as the Amended Colorado Income Tax Return, serves as a vital tool for individuals who need to correct errors on their previously filed 2010 income tax returns. This form is specifically designed for taxpayers who have discovered discrepancies in their reported income, deductions, or tax credits and wish to amend their returns accordingly. By completing the 104X, taxpayers can accurately report their income and any adjustments, ensuring compliance with state tax regulations. The form includes sections to calculate any additional tax owed or refunds due, depending on the changes made. Taxpayers must also provide supporting documentation, such as explanations for the amendments and any necessary attachments, to validate their claims. For those who filed as part-year residents or nonresidents, the corrected Form 104PN must be included. Furthermore, if the amendment is due to adjustments from the Internal Revenue Service, a copy of the federal revenue agent’s report is required. The 104X also accommodates situations involving deceased taxpayers and offers options for direct deposit of refunds. Understanding the intricacies of this form is essential for ensuring that taxpayers accurately address their tax obligations and maximize their potential refunds.
FORM 104X instRuctiOns
The 2010 Form 104X, Amended Colorado Income Tax Return, is used to correct your 2010 individual income tax return. For more information or any questions pertaining to income, additions, subtractions, credits, etc., refer to the income tax book for 2010, or call the Department of Revenue at (303) 238-SERV (7378). You can also obtain forms and information from the Web site at WWW.TAXCOLORADO.COM
Complete Form 104X showing the correct amounts for income, additions, subtractions, taxes and credits.
AMOunt OWED
Lines 30 through 36 compute the amount owed to the state on the amended return. Any decrease in the amount of the overpayment (line 30) or increase in the amount owed (line 31) will indicate that an amount is owed with the amended return.
REFunD AMOunt
Lines 37 through 41 compute the amount of credit available on the amended return. Any increase in the amount of the overpayment (line 37) or decrease in the amount owed (line 38) will indicate that an overpayment is available with the amended return. The overpayment can be credited to estimated tax (line 40) for the tax year following the period on the amended return, or can be requested as a refund (line 41).
Attachments:
Attach an explanation of the changes to your return and, if applicable, required attachments (e.g. 104CR, DR 0204) and certiications (e.g. DR 0074). All attachments and certiications must be included with
the amended return even if there is no change to that credit or tax attribute. Part-year residents and nonresidents attach corrected Form 104PN. If this amended return is the result of an adjustment made by the Internal Revenue Service attach a copy of the federal revenue agent’s report with supporting schedules. To expedite your refund, attach a
copy of the federal record of account to support any changes to federal taxable income (such as a mutual fund, brokerage irm or credit union)
in the United States.
Direct Deposit:
Complete the direct deposit information if you want your refund
deposited directly into your account at a United States bank or other inancial institution.
Foreign Address:
If you are entering an address for a foreign country, use the “State” ield for the foreign country and enter the foreign postal code in the “ZIP Code” ield. A Province may be included in the “City” ield with
the city.
Deceased taxpayer:
If the taxpayer died since the original return was iled and you are
requesting a refund, attach a copy of DR 0102 — Claim for Refund
Due Deceased Taxpayer and a copy of the death certiicate. Check
the deceased box after the decedent’s name.
A federal net operating loss carried back to a tax year beginning on or after January 1, 1987, or carried forward will be allowed for Colorado income tax purposes. A nonresident or a part-year resident may carry back or forward that portion of his federal net operating loss that is from Colorado sources or which relates to the Colorado portion of the year.
statute of limitations:
The statute of limitations for iling a Colorado claim for refund is generally four years from the original due date of the return or three years from the date of last payment of tax for the year involved, whichever is later.
The statute of limitations for claiming a refund that is the result of a loss carry-back or an investment tax credit carry-back is four years from the due date of the return for the year in which the loss or credit originated. See FYI General 18.
Protective claims:
If this amended return is being iled 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 iling corrected return.
Change in iling status:
If the amended return is being iled to change the iling status from single or married separate to joint, the taxpayer that iled the single return must be listed irst on the amended return. If both taxpayers have iled single, then either taxpayer can be listed irst and the explanation must specify that one of the original returns was iled
under a different primary Social Security Number (SSN).
If the amended return is being iled to change the iling status from
joint to single or married separate, the taxpayer whose SSN was
listed irst on the joint return should include all applicable tax data in
their amended return. The taxpayer whose SSN was listed second on the joint return must have an explanation that speciies the original return was iled under a different primary SSN.
interest rates on additional amounts due are as follows:
January 1 through December 31, 2011.
Tax due paid without billing, or paid within 30 days of billing
3%
Tax due paid after 30 days of billing
6%
Mail and make checks payable to:
colorado Department of Revenue Denver cO 80261-0005
FORM 104X (10/26/10)
cOLORADO DEPARtMEnt OF REvEnuE
DENVER CO 80261-0005
(0015)
2010 FORM 104X
AMEnDED cOLORADO inDiviDuAL incOME tAX REtuRn
Departmental Use Only
Reason for amended return (check one):
Investment credit carryback from tax year ending _______________________________
Federal net operating loss carryback fromtax year ending_________________________
Federal net capital loss carryback from tax year ending __________________________
Protective claim, attach explanation
Other, attach explanation Changing iling status
Changing residency status
LAst nAME
FiRst nAME AnD initiAL
DEcEAsED
sOciAL sEcuRitY nuMbER
Yourself
YEs
Spouse, if joint
Mailing Address
Your telephone number
(
)
City
State
ZIP Code
Email
AS AMENDED
1EntER AMOunt from federal Form 1040, line 43; or from federal Form 1040 A, line 27; or from federal
Form 1040 EZ, line 6 (Federal Taxable Income)
1
ADDitiOns tO FEDERAL tAXAbLE incOME
2
Enter the state income tax deduction, if any, from line 5 of Schedule A of your federal Form 1040,
3
Other additions, explain:
4
Total of lines 1 through 3
subtRActiOns FROM FEDERAL tAXAbLE incOME
5
Enter the state income tax refund, if any, you reported on line 10 of your federal Form 1040
6
United States government interest
7
Pension-annuity subtraction, taxpayer
8
Pension-annuity subtraction, spouse
9
Colorado source capital gain (5 year assets acquired on or after 5/9/94)
10 Tuition program contribution
10
11
Qualifying charitable contribution
12 Other subtractions, see instructions and check applicable box: PERA contribution made in 1984–1986;
DPSRS contributions made in 1986; tier I or II railroad beneits; qualiied reservation income;
wildire mitigation measures
12
13 Total of lines 5 through 12
13
14 cOLORADO tAXAbLE incOME, line 4 minus line 13
14
.00
GO tO tHE tAX tAbLE On PAGEs 22 AnD 23 OF tHE FORM 104 bOOKLEt WitH YOuR tAXAbLE incOME FROM LinE 14 tO FinD YOuR tAX.
FuLL-YEAR REsiDEnts EntER YOuR tAX On LinE 15. PARt-YEAR REsiDEnts AnD nOnREsiDEnts GO tO FORM 104Pn.
stAPLE W-2, W2-G, AnD 1099 FORMs HERE (only if Colorado tax withheld is reported on the form)
incOME tAX, PREPAYMEnts AnD cREDits
15 cOLORADO tAX from the tax table.
Part-year residents and nonresidents enter tax from line 36, Form 104PN
15
16 Alternative minimum tax from Form 104AMT
16
17 Recapture of prior year credits
17
18 Total of lines 15 through 17
18
19 Total non-refundable credits from line 47, form 104CR (may not exceed total tax on lines 15 and 16)
19
20 Net Tax, line 18 minus line 19
20
21 cOLORADO incOME tAX WitHHELD from wages and winnings
21
22EstiMAtED tAX payments and credits; extension payments; and amounts withheld
on nonresident real estate sales and partnership/S corp/iduciary income
22
23 Total refundable credits from line 9, Form 104CR
23
24 Total of lines 21 through 23
24
AMEnDED
25Enter the amount from federal Form 1040, line 37; or from federal Form 1040A,
line 21; or from federal Form 1040EZ, line 4 (Federal Adjusted Gross Income)
25
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 26 through 41 blank. if you want to compute the refund or balance due yourself, continue with line 26.
26 If line 24 is larger than line 20, enter your overpayment
26
27 Enter the overpayment from your original return or as previously adjusted
27
28 If line 20 is larger than line 24, enter the amount owed
28
29 Enter the amount owed from your original return or as previously adjusted
29
cOMPutE tHE AMOunt i OWE
30 Line 27 minus line 26, but not less than zero
30
31 Line 28 minus line 29, but not less than zero
31
32 Additional tax due, total of lines 30 and 31
32
33 Interest due on additional tax
33
34 Penalty due
34
35 Estimated tax penalty due
35
36 Payment due with this return, add lines 32 through 35
Paid by EFt 36
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 insuficient or uncollected funds, the Department of Revenue may collect the payment amount directly from your bank account electronically.
cOMPutE YOuR REFunD
37 Line 26 minus line 27, but not less than zero
37
38 Line 29 minus line 28, but not less than zero
38
39 Overpayment, total of lines 37 and 38
39
40 Amount you want credited to your 2011 estimated tax
40
41 Refund claimed with this return, line 39 minus line 40
41
Routing number
Type: Checking
Savings
Account number
siGn YOuR REtuRn
Under penalties of perjury, I declare that to the best of my knowledge and belief, this return is true, correct and complete.
Your Signature
Spouse’s Signature. If joint return, BOTH must sign.
Date
Year of Birth
MAiL YOuR REtuRn tO:
Paid Preparer’s Name, Address and Telephone Number
COLORADO DEPARTMENT OF REVENUE
DENVER, CO 80261-0005
The Colorado 104X form is essential for individuals who need to amend their income tax returns. However, several other documents often accompany this form to ensure a complete and accurate submission. Below is a list of these forms and documents, each serving a specific purpose in the amendment process.
Submitting the Colorado 104X form along with the appropriate attachments is crucial for a smooth amendment process. Ensuring that all necessary documents are included will help avoid delays and facilitate the proper handling of your amended return.
Dmv Forms Colorado - Fraud prevention activities are among the permissible uses allowed on this form.
To ensure a smooth rental process, understanding the importance of a well-structured Room Rental Agreement is crucial. This document details the responsibilities of both landlords and tenants, which can be further explored in the complete Room Rental Agreement guide.
Salvage Car Inspection - Repairs listed must meet Colorado's vehicle safety regulations.
Filling out the Colorado 104X form requires careful attention to detail. It is essential to ensure that all information is accurate and complete. This form is used to amend a previously filed Colorado income tax return. Follow the steps below to fill out the form correctly.
The Colorado Form 1040 is the standard individual income tax return that residents file annually. Like the 104X, it requires taxpayers to report their income, deductions, and credits. However, the key difference is that the 1040 is used for initial filings, while the 104X is specifically for amendments. Both forms necessitate accuracy in reporting income and tax obligations, but the 1040 does not involve corrections made after the original submission.
The IRS Form 1040X serves a similar purpose at the federal level. This form allows taxpayers to amend their federal income tax returns. Just as with the Colorado 104X, the 1040X requires individuals to provide updated information regarding income, deductions, and credits. The process of filing a 1040X also mirrors that of the Colorado 104X, as both forms require an explanation of the changes made to the original return.
The Form 104CR, Colorado Individual Income Tax Credit, is another document that shares similarities with the 104X. While the 104CR is used to claim specific tax credits, it may also be attached to the 104X when claiming additional credits due to amendments. Both forms necessitate careful attention to detail, as errors can lead to delays in processing or incorrect tax obligations.
Form DR 0204, the Colorado Tax Credit for Contributions to a Qualifying Charity, is related in that it may be referenced or attached when amending a return. Taxpayers who initially failed to claim this credit can use the 104X to correct their filings. Thus, both forms emphasize the importance of ensuring that all eligible credits are accurately reported.
Understanding the intricacies of tax forms is essential for effective filing, particularly when it comes to forms like the Colorado 1040, 104X, and the IRS Form 1040X. A comprehensive approach to tax filing can prevent errors and ensure all eligible credits and deductions are claimed. For those looking for guidance on legal documents related to financial matters, such as the Durable Power of Attorney, resources like smarttemplates.net can provide valuable insight and templates to help navigate these important decisions.
The Form 104PN, used by part-year residents and nonresidents, is similar in that it must be attached to the 104X when applicable. This form helps determine the correct amount of Colorado taxable income for individuals who lived in the state for only part of the year. Both forms require careful calculations to ensure compliance with state tax laws.
Form DR 0074, the Certification of a Qualifying Child, can also be connected to the 104X. When taxpayers amend their returns to claim dependents or adjust their filing status, they may need to include this certification. The requirement for supporting documentation is a commonality shared between the two forms, reinforcing the need for thoroughness in tax filings.
Lastly, the Claim for Refund Due Deceased Taxpayer (Form DR 0102) is relevant for those filing a 104X on behalf of a deceased individual. This form is necessary when seeking refunds for tax returns that were originally filed by the deceased. Both forms highlight the importance of providing accurate information and necessary documentation to ensure that refunds are processed correctly and efficiently.
The Colorado 104X form, also known as the Amended Colorado Income Tax Return, is specifically designed to correct errors or omissions in your previously filed individual income tax return for the year 2010. This form allows taxpayers to amend their income, additions, subtractions, taxes, and credits. If you discover mistakes after submitting your original return, using the 104X form ensures that your tax records are accurate and up-to-date.
To find out whether you owe money or are entitled to a refund, you will need to complete specific lines on the 104X form. Lines 30 through 36 will help you compute any amount owed to the state. If your amended return shows a decrease in overpayment or an increase in the amount owed, you will need to pay that amount. Conversely, lines 37 through 41 will help you calculate any refund. An increase in overpayment or a decrease in the amount owed indicates that you may be eligible for a refund. You can choose to credit this refund toward your estimated tax for the following year or request it as a cash refund.
When filing the 104X form, it is important to include all necessary attachments to support your amendments. These may include:
Including these attachments is crucial for the processing of your amended return and to ensure that all changes are properly documented.
If the taxpayer has passed away since the original return was filed and you are seeking a refund, you will need to take specific steps. First, attach a copy of the DR 0102 form, which is a Claim for Refund Due to Deceased Taxpayer. Additionally, include a copy of the death certificate. It is also necessary to check the deceased box next to the taxpayer's name on the form. These steps are essential for processing the claim correctly and ensuring that the refund is directed to the appropriate party.
When completing the Colorado 104X form, there are several important guidelines to follow. Here’s a list of things you should and shouldn’t do: