Meet Colorado's Form W-2 Filing Requirements for 2024
Learn about the W-2 filing requirements and deadlines in Colorado for 2024. E-file your forms accurately and on time.
As low as $0.99 per W-2 state filing form
Key Colorado W-2 Form Information
| State Tax | Form | Filing Requirement | Filing Method |
|---|---|---|---|
| Yes, Wages are taxable | Form W-2 Wage and Tax Statement | Mandatory | Electronic /Paper We recommend electronic filing. |
| Form DR 1093 Annual Transmittal of State W-2 Forms | Mandatory | Electronic/Paper |
Who Needs to File W-2 Forms in Colorado?
Employers who withhold Colorado state income tax are required to file W-2 forms for the 2024 tax year. This requirement applies to all businesses, regardless of size, from small operations to larger enterprises. It's important to comply with Colorado's filing regulations to ensure accurate reporting and avoid penalties.
What Must Be Filed?
- Form W-2: Wage and Tax Statement for each employee
- Form DR 1093: Annual Transmittal of State W-2 Forms.
Important W-2 Form Fields for Colorado Filing
Ensure the following key fields on the W-2 form are correctly filled for Colorado state:
Employer’s state ID number
In Box 15, enter the state and the employer’s state ID number. This is necessary if Colorado state income tax is being withheld from the employee’s wages.
State wages, tips, etc.
In Box 16, input the total wages, tips, or other forms of compensation that are subject to Colorado state income tax.
State income tax
Enter the amount of Colorado state income tax withheld from the employee’s wages in Box 17.
With TaxZerone, the process of filing Colorado state W-2 forms is straightforward, ensuring accuracy and timely completion.
File Your Colorado W-2 FormFiling Methods for Colorado W-2 Forms
Electronic Filing
Employers are required to file W-2 forms electronically when submitting 250 or more. TaxZerone simplifies the process by supporting e-filing.
Enter or upload your employee’s data, review everything, and hit submit. After transmission, we’ll manage the details.
Paper Filing
Employers can file Form W-2 on paper if they have 249 or fewer employees, sending it to the following address:
Mailing Address:
Colorado Department of Revenue,
Denver,
CO 80261-0009.
Recommendation: While paper filing is an option, using TaxZerone for e-filing is highly recommended due to its speed, accuracy, and efficiency.
Colorado Form DR 1093: Annual Transmittal of State W-2 Forms
Form DR 1093, Annual Transmittal of State W-2 Forms, is used by Colorado employers to report the total state income tax withheld for the previous year. Employers must submit Form DR 1093 along with any W-2 forms that show employee wages and the state income tax withheld. They can claim a refund for any overpayment when submitting the Annual Transmittal of State W-2 Forms.
W-2c Corrections for Colorado Filings
To correct errors on previously filed W-2 forms in Colorado, submit Form W-2c. This form allows you to amend mistakes related to wages, taxes, or employee information. Filing a W-2c ensures your records are accurate and comply with Colorado state reporting requirements. Corrected W-2s should be mailed to the Department, along with a cover letter, to:
Mailing Address:
Colorado Department of Revenue
Discovery Section,
PO Box 17087,
Denver, CO 80217-0087.
With TaxZerone, employers can quickly file Form W-2c to correct errors on your W-2 forms.Our online platform streamlines the process, ensuring accurate and timely submission of your corrections.
File W-2c Now!Filing Deadline for Colorado W-2 Forms
- Form W-2 (Wage and Tax Statement)
- Form DR 1093 (Annual Transmittal of State W-2 Forms)
Why Choose TaxZerone for Colorado W-2 State Filing?
When it comes to e-filing W-2 forms, TaxZerone is your trusted solution. Our platform is designed to make the filing process simple, accurate, and timely. Enjoy the following benefits:
Quick & Easy
Complete your W-2 filings in just three simple steps, taking less than five minutes!
Affordable Pricing
Each form costs only $0.99 for w2 state filings with absolutely no hidden fees.
Bulk Upload Feature
Save valuable time by uploading multiple forms in one go.
Dedicated Support Team
Have questions? Our expert team is available to help you navigate any filing challenges.
Ready to simplify your Colorado W-2 filing process?
Sign up with TaxZerone today and file Colorado state W-2 forms for just $0.99 each!
Frequently Asked Questions
1. Does Colorado Require W-2 State Filing?
2. When is the deadline to file Form W-2 in Colorado?
3. What is Form DR 1093?
4. Can I file Form W-2 online in Colorado using TaxZerone?
Yes, you can file Form W-2 online in Colorado through TaxZerone. TaxZerone simplifies the e-filing process for both federal and state tax forms, including Colorad's Form W-2, ensuring smooth and timely submission to the Colorado Department of Revenue.
5. What are the penalties and interest for late tax payments in Colorado?
- Greater of $5 or 5% of the unpaid tax.
- An additional 0.5% for each month the tax remains unpaid (up to 12% total).
- 15% of the unpaid tax if payment is not made after receiving a notice and demand.
- Fraudulent or willful failure to file.
- Filing a fraudulent, frivolous, or false return.
- Fraudulently failing to pay tax.
- Willfully attempting to evade tax.
- Accrues from the original due date to the payment date.
- Interest rates vary depending on the calendar year(s) of the deficiency.
- A discounted interest rate applies if the tax is paid within 30 days of receiving a notice of deficiency.
