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FYI Income 6 Part Year Resident and Nonresident Colorado Gov Colorado Form

FYI Income 6 Part Year Resident and Nonresident Colorado Gov Colorado Form

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hello everyone my name is Chris and on behalf of the Colorado Department of Revenue Taxation division it is my pleasure to walk you through this video on estimated income tax penalties for individual income tax you can pause or rewind this video at any time to review the information provided do you have income that doesn't have tax withholding or have noticed when filing your state income tax that you owe at the end of the year this is where estimated payments come in certain types of taxable income are not subject to income tax withholding if an individual receives taxable income and there is no income tax withheld they may be required to remit quarterly estimated tax payments in order to pay tax as they anticipate receiving income throughout the year taxpayers that do not pay the required estimated payments may be subject to an estimated tax penalty for questions on Colorado taxable income please review the Colorado individual income tax guide at tax. colorado.gov individual

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