Year-end E-filing Requirements for Colorado
The end of 2020 is only a few weeks away, so it’s time to kick your year-end filing into high gear. You may understand and be fully prepared to file your Forms 1099 and W-2 with the IRS, but what about your state e-filing requirements?
Today we’re talking about the state of Colorado, where you can find picturesque landscapes, National Parks, and mountain ranges.
Here are the requirements for filing your W-2s and 1099s with their state agency.
Does the W-2 need to be filed with Colorado?
Yes, the state of Colorado does require the filing of Form W-2 even if there was no state withholding. Colorado has confirmed that the deadline to file with with the state is February 1, 2021. Remember, regardless of whether you are paper filing or filing electronically, you must adhere to this deadline.
Is there a reconciliation form for W2s?
If you are filing electronically to the state of Colorado, and you are either paying additional taxes or requesting a refund, you will need to complete and submit the DR 1093 with your W-2s. This is the State Annual Transmittal of State W-2 Forms.
If you choose to paper file your forms, you are also required to attach the DR 1093 to your W-2s before filing them with the state. If you are filing 250 or more forms with the state of Colorado, you must file electronically.
Do you need to file 1099s with the state of Colorado?
The state of Colorado requires direct state filing of the forms when there is state withholding to report. The following 1099’s must be filed with the state of Colorado.
The deadline to file this form to report non employee compensation is January 31, 2021. Again, this year the deadline falls on a weekend, so the state will expect your form on or before February 1, 2021.
Is there a reconciliation form for 1099s?
Yes, whenever you paper file forms 1099 with the state of Colorado, you will need to submit the DR 1106, Annual Transmittal of State 1099 Forms.
Ready to begin filing your Forms W-2 and 1099?
Did you know that TaxBandits helps you file Form 1099-NEC directly with the state of Colorado? We can handle your IRS filing, state filing, and easily distribute your recipient copies by mail! The same is true for the other 1099s you need to file.
As for the W-2 we support filing of this form with the SSA and state e-filing. Get started with your year-end filing in your TaxBandits account today! Sign up for free to get started!
