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Colorado Real Property Interest - Payment of Withholding
Extracted from PDF file 2023-colorado-form-dr-1079.pdf, last modified June 2018Real Property Interest - Payment of Withholding
DR 1079 (06/27/22) COLORADO DEPARTMENT OF REVENUE Denver CO 80261-0006 Tax.Colorado.gov Page 1 of 1 *231079==19999* 2023 Payment of Withholding Tax on Certain Colorado Real Property Interest Transfers Instructions Only return this form with a check or money order Use the DR 1079 to remit Colorado tax withheld on transfers of Be sure to round your payment to the nearest dollar. The real property interests. The determination of the amount to be amount on the check and the amount entered on the payment withheld, if any, will be made on the DR 1083. form must be the same. The amount of the withholding tax remitted will be credited to the Colorado income tax account of the transferor, similar to wage withholding. The transferor must claim credit for the payment on the Colorado income tax return. For this reason it is extremely important that a separate DR 1079 is completed for each transferor who will be required to file a Colorado income tax return, and that the correct Social Security number or ITIN (for individuals) or Colorado Account Number or FEIN (for other business entities) is listed on each form. Send the DR 1079, remittance for the tax withheld and the DR 1083 to the Colorado Department of Revenue, Denver, CO 80261-0006, within 30 days of the date of closing. For Privacy Act Notice, see publication FYI General 2. Write the transferor's Social Security number, ITIN, FEIN, or Colorado Account Number and “2023 DR 1079” on your check or money order. Do not send cash. Enclose, but do not staple or attach, your payment with this entire form. File only if you are making a payment. Mail to and make checks payable to: Colorado Department of Revenue Denver CO 80261-0006 These addresses and ZIP codes are exclusive to the Colorado Department of Revenue, so a street address is not required. Photocopy for your records. DO NOT CUT – Return Full Page DR 1079 SSN or ITIN FEIN Colorado Account Number Transferor is (check one): (0010) Individual (0020) Corporation (0030) Estate or Trust (0040) Partnership or S Corporation Last Name of Transferor or Transferor's Business Name First Name Middle Initial Spouse's Last Name (if applicable) or Fiduciary First Name Middle Initial Address City State ZIP Amount of Payment 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. $ DO NOT CUT – Return Full Page. IF NO PAYMENT IS DUE, DO NOT FILE THIS FORM.
2023 Payment of Withholding Tax on Certain Colorado Real Property Interest Transfers DR 1079
More about the Colorado Form DR 1079 Individual Income Tax Voucher TY 2023
Use the DR 1079 to remit Colorado tax withheld on transfers of real property interests. The determination of the amount to be withheld, if any, will be made on the DR 1083.
We last updated the Real Property Interest - Payment of Withholding in February 2023, so this is the latest version of Form DR 1079, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form DR 1079 directly from TaxFormFinder. You can print other Colorado tax forms here.
Other Colorado Individual 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 104 | Colorado Income Tax Return |
| Form 104EP | Individual Estimated Income Tax Payment Form |
| Form 104CR | Tax Credits for Individuals |
| Form DR 0900 | Payment Voucher for Individuals |
| Form 104X | Amended Income Tax Return Form |
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 1079 from the Department of Revenue in February 2023.
Form DR 1079 is a Colorado Individual Income Tax form. Payment vouchers are provided to accompany checks mailed to pay off tax liabilities, and are used by the revenue department to record the purpose of the check and the SSN/EIN of the taxpayer who sent it. Many states recommend that taxpayers also write their social security number and the purpose of the payment on the check itself, in case the accompanying payment voucher is misplaced or destroyed.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Colorado Form DR 1079
We have a total of ten past-year versions of Form DR 1079 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form DR 1079
2023 Payment of Withholding Tax on Certain Colorado Real Property Interest Transfers DR 1079
2022 Form DR 1079
2023 Payment of Withholding Tax on Certain Colorado Real Property Interest Transfers DR 1079
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