The Colorado DR 1317 form is a document used to certify donations made to organizations that qualify for the Child Care Contribution Tax Credit. This form must be completed by the donee organization and provided to the donor, who will then use it when filing their Colorado income tax return. It outlines the details of the donation, including the amount and the applicable credit available to the donor.
The Colorado DR 1317 form plays a crucial role in facilitating the Child Care Contribution Tax Credit, a valuable resource for individuals and organizations looking to support child care initiatives in the state. This form is designed to be completed by the donee organization, which must provide essential details such as its name, license number, and contact information. It also requires the donor's information, including their name, address, and Social Security number or Colorado account number. The form outlines the donation amount, distinguishing between qualifying and non-qualifying donations, ultimately calculating the credit available to the donor based on a percentage of the qualifying donation. It is important to note that all functions of the donee organization must qualify for the tax credit, ensuring that donations are directed towards approved programs. Once completed, the form serves as a vital document for donors to claim their tax credit on their Colorado income tax return. Donors must submit this form with their tax return, whether filing electronically or by mail, emphasizing the importance of proper record-keeping by the donee organization. Understanding the nuances of the DR 1317 form is essential for maximizing the benefits of this tax credit and ensuring compliance with state regulations.
DR 1317 (07/19/13)
COLORADO DEPARTMENT OF REVENUE
Denver, CO 80261-0005
WWW.TAXCOLORADO.COM
*131317==19999*
Child Care Contribution
Tax Credit Certiication
Organization Name
License Number or Colorado Account Number
FEIN
Address
Telephone Number
(
)
City
State
Zip
Last Name of Preparer
First Name
Middle Initial
Signature of Preparer
Donor Last Name
SSN or Colorado Account Number
Credit Computation
Date of donation (MM/DD/YY)
1.Donation amount
2.Non-qualifying donation
3.Qualifying donation, line 1 minus line 2
4.Credit available, line 3 times 50%
Application of Donation
$
All functions of the donee organization qualify for the tax credit.
The donation is applied 100% to qualiied programs to the organization.
Qualiied programs that constitute
%
for all organization programs.
Other (describe allocation below)
Describe allocation
Instructions
This form is to be completed by the donee organization, then given to the donor. The donee organization should retain completed copies for record keeping.
Donors shall submit this form with their Colorado income tax return when claiming the child care contribution credit.
When iling electronically, attach this form as a PDF to the electronic return, upload a copy in Revenue Online or mail with form DR 1778.
Social Security number may be completed by the donor after receipt from the donee organization.
The Colorado DR 1317 form is essential for organizations and donors participating in the Child Care Contribution Tax Credit program. Along with this form, several other documents are often required to ensure compliance and streamline the process. Below is a list of related forms that may accompany the DR 1317.
Understanding these accompanying forms can help ensure that both donors and organizations navigate the tax credit process smoothly. Proper documentation is key to maximizing benefits and maintaining compliance with state tax laws.
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Filling out the Colorado DR 1317 form is a straightforward process that requires accurate information from both the donee organization and the donor. Once the form is completed, it should be given to the donor, who will use it when filing their Colorado income tax return to claim the child care contribution tax credit.
After completing the form, the donee organization should retain copies for their records. The donor must submit this form with their Colorado income tax return to claim the credit. If filing electronically, attach the form as a PDF or upload it through Revenue Online.
The Colorado DR 1300 form serves a similar purpose to the DR 1317 form by allowing individuals and organizations to claim tax credits for contributions made to eligible charities. Like the DR 1317, the DR 1300 requires detailed information about the donor and the donation, including the amount and type of contribution. It also necessitates verification from the charitable organization, ensuring that the donor is eligible for the tax credit. Both forms help streamline the process of claiming tax benefits for charitable donations, promoting financial support for nonprofit organizations.
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The IRS Form 8283 is another document that parallels the Colorado DR 1317. This form is used by donors to report noncash charitable contributions valued over $500. Similar to the DR 1317, Form 8283 requires information about the donor and the organization receiving the donation. Additionally, it mandates that the charitable organization provide a written acknowledgment of the donation, which serves as proof for the donor when claiming a tax deduction. Both forms aim to provide transparency and accountability in charitable giving.
The IRS Form 990 is a tax form that nonprofit organizations must file annually, and it shares similarities with the DR 1317 in terms of tracking donations and the financial health of charitable organizations. While the DR 1317 is focused on individual donations and the corresponding tax credits, Form 990 provides a comprehensive overview of an organization's revenue, expenses, and contributions. Both forms are critical for ensuring that charitable organizations operate transparently and are held accountable for their financial practices.
The Colorado DR 1778 form is another related document that donors must use in conjunction with the DR 1317 when claiming the child care contribution tax credit. This form is specifically designed for reporting the tax credit and requires the donor to provide additional details about the donation. Similar to the DR 1317, the DR 1778 ensures that the donor meets all eligibility requirements for claiming the credit, thus reinforcing the integrity of the tax credit system.
The IRS Form 1040, specifically the Schedule A section, is relevant because it allows taxpayers to itemize deductions, including charitable contributions. Like the DR 1317, this form requires detailed reporting of donations, including the amounts and the organizations involved. Both forms facilitate the process of claiming tax benefits for charitable contributions, making it easier for individuals to receive tax relief while supporting worthy causes.
The Colorado DR 0104 form is the state's individual income tax return, which includes sections for reporting tax credits, including those for charitable contributions. Similar to the DR 1317, this form requires taxpayers to document their donations and any applicable credits. By linking the DR 1317 to the DR 0104, the state ensures that taxpayers can effectively claim the benefits of their charitable giving on their income tax returns.
The IRS Form 8282 is used when a donor sells, trades, or otherwise disposes of property donated to a charity. This form is similar to the DR 1317 in that it involves reporting on the donation process and ensuring compliance with tax regulations. Both forms provide a mechanism for tracking the flow of charitable contributions and ensuring that donors fulfill their reporting obligations, thus maintaining the integrity of the charitable giving landscape.
Finally, the Colorado DR 1301 form, which is used for claiming the Colorado Child Care Contribution Credit, closely resembles the DR 1317 in its focus on tax credits for donations to child care organizations. Both forms require information about the donor, the donation, and the organization receiving the contribution. They work together to ensure that donors can effectively claim their credits while supporting vital child care services in Colorado, promoting the welfare of children and families in the state.
The Colorado DR 1317 form is a certification used to claim the Child Care Contribution Tax Credit. It is issued by the Colorado Department of Revenue and must be completed by the donee organization that receives the donation.
The donee organization must fill out the DR 1317 form. This organization is responsible for certifying the donation and providing the completed form to the donor. Donors will use this form when filing their tax returns.
The form requires several key pieces of information, including:
Donors must submit the completed DR 1317 form with their Colorado income tax return to claim the Child Care Contribution Tax Credit. If filing electronically, they should attach the form as a PDF. Alternatively, they can upload a copy in Revenue Online or mail it with form DR 1778.
The Child Care Contribution Tax Credit allows donors to receive a tax credit for contributions made to qualifying child care organizations. The credit is typically 50% of the qualifying donation amount, which can significantly reduce the donor's tax liability.
The DR 1317 form should be completed by the donee organization at the time of the donation. It is important for the organization to retain copies for their records while providing the donor with the completed form promptly.
If part of the donation is considered non-qualifying, the form allows for this amount to be specified. The qualifying donation amount is calculated by subtracting the non-qualifying amount from the total donation. Only the qualifying portion will be eligible for the tax credit.
Yes, the DR 1317 form can be submitted electronically. Donors should attach it as a PDF when filing their tax returns online. Additionally, they can upload it in Revenue Online.
There is no specific deadline for submitting the DR 1317 form itself. However, it must be submitted with the Colorado income tax return by the tax filing deadline, which is typically April 15 each year.
If a donor does not receive the DR 1317 form from the donee organization after making a donation, they should contact the organization directly. It is essential to obtain this form to claim the tax credit properly.
When filling out the Colorado DR 1317 form, it is important to follow specific guidelines to ensure accuracy and compliance. Here are five things you should and shouldn't do: