TaxFormFinder
Colorado Amended Corporate Tax Return
Extracted from PDF file 2023-colorado-form-dr-0112x.pdf, last modified August 2022Amended Corporate Tax Return
*DO=NOT=SEND* DR 0112X (09/12/23) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov 2023 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 2023 DR 0112X, Amended Colorado C Corporation Income Tax Return, is used to correct your 2023 C 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 2023. Visit Tax.Colorado.gov for additional information and guidance publications. 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. 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. 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. Lines 41 through 47 compute the amount you owe to the state on the amended return. Any decrease in the amount of the overpayment (line 41) or increase in the amount owed (line 42) 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 44. 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 45 and/or 46. 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. Lines 48 through 52 compute your refund of credit available on the amended return. Any increase in the amount of the overpayment (line 48) or decrease in the amount owed (line 49) will indicate that an overpayment is available with the amended return. The overpayment can be credited to estimated tax (line 51) for the tax year following the period on the amended return, or can be requested as a refund (line 52). 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. Protective Claims. If this amended return is being filed as a protective claim that is contingent on future events and may not be determinable until after the time period for filing a claim for refund expires, check the protective claim box under reason for filing corrected return. If you are not submitting your return electronically, please include your payment with this amended return. Write the taxADDRESS year and your or Colorado Account MAILING FORFEIN FORM DR 0112X Number on the memo line of the check. Otherwise, your account might not be properly credited. 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. *230112X=19999* DR 0112X (09/12/23) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 1 of 5 (0025) 2023 Amended Colorado C Corporation Income Tax Return Fiscal Year Beginning (MM/DD/23) 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); (46) A corporation claiming an exemption under P.L. 86-272; (44) A corporation engaged in interstate business apportioning income under special regulation (DR 0112RF required); (47) Alternate apportionment method, see 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 (09/12/23) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 2 of 5 *230112X=29999* Name Account Number Federal Taxable Income As Amended 1. Federal taxable income from Form 1120 or 990-T 1 00 2. Federal taxable income of companies not included in this return 2 00 3. Net federal taxable income, subtract line 2 from line 1 Additions 3 00 4. Federal net operating loss deduction 4 00 5. Colorado income tax deduction 5 00 6. Other additions, submit explanation 6 00 7. Sum of lines 3 through 6 7 00 8. Exempt federal interest 8 00 9. Excludable foreign source income 9 00 10. Colorado Marijuana Business Deduction 10 00 11. Other subtractions, explain below Explain: 11 00 12. Sum of lines 8 through 11 12 00 Subtractions Attention: Continue through page 5 to complete your return. *230112X=39999* DR 0112X (09/12/23) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 3 of 5 Name Account Number Taxable Income 13. Modified federal taxable income, subtract line 12 from line 7 13 00 14. Colorado taxable income before net operating loss deduction 14 00 15. Colorado net operating loss deduction: (see instructions) (a) Colorado net operating losses carried forward from tax years beginning before January 1, 2018 15(a) (b) Subtract line 15(a) from line 14, If zero skip to 15(d) 15(b) (c) Colorado net operating losses carried forward from tax years beginning on or after January 1, 2018 15(c) 00 00 00 (d) Colorado net operating loss deduction, sum of (a) and (c) 16. Carryforward deduction from Income Tax Year 2021, subtractions from HB21-1002 (see instructions) 15(d) 00 16 00 17. Colorado taxable income, subtract the sum of lines 15(d) and 16 from line 14 17 00 18. Tax, 4.4% of the amount of line 17 18 00 19 00 20. Non-refundable Enterprise Zone credits used – as calculated, or from the DR 1366 line 85 (the sum of lines 19, 20 and 21 cannot exceed tax on line 18). You must submit the DR 1366 with your return. 21. Strategic capital tax credit from DR 1330 line 8b, the sum of lines 19, 20, and 21 cannot exceed line 18, you must submit the DR 1330 with your return. 20 00 21 00 22. Net tax, sum of lines 19, 20 and 21. Subtract that sum from line 18. 22 00 23. Recapture of prior year credits 23 00 24. Sum of lines 22 and 23 24 00 25. Estimated tax and extension payments and credits 26. W-2G Withholding from lottery winnings, you must submit the W-2G(s) with your return. 27. Gross Conservation Easement Credit from the DR 1305G line 33, you must submit the DR 1305G with your return. 28. Innovative Motor Vehicle and Innovative Truck Credit from form DR 0617, you must submit the DR 0617(s) with your return. 29. 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. 30. Renewable Energy Tax Credit from form DR 1366 line 86, you must submit the DR 1366 with your return. 25 00 26 00 27 00 28 00 29 00 30 00 31. SALT Parity Act Credit (see instructions). 31 00 Credits 19. Sum of nonrefundable credits from line 26b, form DR 0112CR (the sum of lines 19, 20, and 21 cannot exceed tax on line 18). You must submit the DR 0112CR with your return. *230112X=49999* DR 0112X (09/12/23) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 4 of 5 Name Account Number 32. Credit for conversion costs to an employee-owned business model. You must submit the certificate from the Office of Economic Development with your return. 33. Alternative Transportation Options Credit (see instructions). 34. Refundable Residential Energy Storage Systems Credit (assigned to you by the building owner) from line 10 of DR 1307, which you must submit with your return. 35. Refundable Heat Pump Credit (assigned to you by the building owner) from line 8 of DR 1322, which you must submit with your return. 32 00 33 00 34 00 35 00 00 36. Sum of lines 25 through 35 36 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 37 through 52 blank. If you want to compute the refund or balance due yourself, continue with line 37. 37. If line 36 is larger than line 24, enter your overpayment 37 00 38. Enter the overpayment from your original return or as previously adjusted 38 00 39. If line 24 is larger than line 36, enter the amount owed 39 00 40. Enter the amount owed from your original return or as previously adjusted Compute the Amount You Owe 40 00 41. Subtract line 37 from line 38, if the result is negative then enter zero 41 00 42. Subtract line 40 from line 39 if the result is negative then enter zero 42 00 43. Additional tax due, sum of lines 41 and 42 43 00 44. Interest due on additional tax 44 00 45. Penalty due 45 00 46. Estimated tax penalty due 46 00 47 47. Payment due with this return, sum of lines 43 through 46 Paid electronically 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. *230112X=59999* DR 0112X (09/12/23) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 5 of 5 Name Account Number Compute Your Refund 48. Subtract line 38 from line 37, if the result is negative then enter zero 48 00 49. Subtract line 39 from line 40, if the result is negative then enter zero 49 00 50. Overpayment, sum of lines 48 and 49 50 00 51. Amount from line 50 to carry forward to the next year’s estimated tax 51 00 52. Refund claimed with this return, subtract line 51 from line 50 52 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
DR 0112X 2023 Amended C Corporation Income Tax Return Instructions
More about the Colorado Form DR 0112X Corporate Income Tax Amended Return TY 2023
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 February 2024, so this is the latest version of Form DR 0112X, fully updated for tax year 2023. 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:
TaxFormFinder has an additional 64 Colorado income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form DR 0074 | Enterprise Zone Pre-Certification for Business |
| 112 Booklet | C-Corporation Income Tax Return Booklet |
| Form DR 5714 | Request for Copy of Form Filed |
| Form 106 | Partnership / S-Corporation Pass-Through Entities Tax Booklet |
| Form DR 0617 | Innovative Motor Vehicle Credit |
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 0112X from the Department of Revenue in February 2024.
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 ten 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:
2023 Form DR 0112X
DR 0112X 2023 Amended C Corporation Income Tax Return Instructions
2022 Form DR 0112X
DR 0112X 2022 Amended C Corporation Income Tax Return Instructions
2014 Form DR 0112X
DR 0112X
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.