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DR 0155 (07/20/21)
COLORADO DEPARTMENT OF REVENUE
Service Center Section
PO Box 17087
Denver CO 80217-0087
Tax.Colorado.gov Sales Tax Return for Unpaid Tax
from the Sale of a Business
Instructions
General Instructions Specific Instructions
Form DR 0155 is used to report and pay the sales tax on Line 1 Gross Price of Tangible Personal Property - Enter
tangible personal property (other than resale inventory) the gross purchase price of the tangible personal
acquired as part of the purchase of an existing retail business. property acquired from the prior retail owner, including
inventory, furniture, fixtures, and other equipment.
Sale and Purchase of a Retail Business
Anyone who purchases an existing retail business Do not include the price paid for any buildings, land,
must withhold from amounts paid to the seller sufficient receivables, good will, or other types of property.
purchase money to cover any and all outstanding taxes Line 2 Inventory - Enter the purchase price paid for any
the seller owes until the seller provides a tax status letter resale inventory included on line 1.
Line 3 Line 1 less
from the Department showing that all taxes due have line 2 -Subtract line 2 from line 1. Enter
been paid. The seller may request a tax status letter by amount on line 6 in all applicable columns.
submitting a completed form DR 0096 to the Department
along with the required fee. The retailer purchasing the Line 4 Location of Sale - Enter the county and city check
business assumes the liability for any sales taxes due, the boxes of the applicable special districts for the
but not paid by the prior owner. location of the private residence at which the sale
was made.
If a retailer selling their business does not collect and
remit the required sales tax due for any tangible personal Line 5 Tax Rate - Tax rates can be found in Department
property, other than inventory, transferred to the purchaser publication Colorado Sales/Use Tax Rates (DR 1002).
as part of the sale, the retailer purchasing the business Taxpayers can search for the applicable rates by
assets assumes the liability for the unpaid tax. The retailer address at: http://Colorado.gov/Revenue/GIS/
who purchases the business may file this form DR 0155 to Line 6 Net Taxable Sales for each Tax - Enter the amount
remit the sales tax due for the tangible personal property from line 3.
acquired as part of the sale. The sales tax is due by the
Line 7 Sales Tax Due - Multiply the tax rate on line 5 by the
20th day of the month following the month in which the
net taxable sales on line 6 in each column.
business assets were sold.
Line 8 Penalty - If this return and remittance is postmarked
Other Business Purchases
after the due date, a penalty of 10% plus ½% per
If the business purchased was not a retail business, the
month (not to exceed 18%) is due. Multiply the
purchaser is liable for use tax on the purchase price paid
tax on line 7 by the applicable percentage to
for any tangible personal property acquired. Consumer
determine penalty.
use tax is reported on form DR 0252. If the business
purchased was located within a rural transportation Line 9 Interest - If this return and remittance is postmarked
authority (RTA), the purchaser must also file form DR after the due date, interest is due. Interest rates
0251. For a list of RTA districts, their boundaries, and can be found in FYI General 11. Multiply the
the applicable tax rates, refer to Department publication tax on line 7 by the applicable interest rate to
DR 1002 (Colorado Sales/Use Tax Rates). Taxpayers determine interest.
can search for the applicable jurisdictions by address Line 10 Total Each Tax - Add lines 7, 8 and 9 for each
at: http://Colorado.gov/Revenue/GIS/ applicable column.
Amended Returns Line 11 Amount Owed - Total the amounts in each applicable
If filing a return to amend a previously filed return, column. This is the amount due with your return.
mark the applicable box to indicate that the return is an
amended return. If a taxpayer needs to amend previously Payment Information
filed returns for more than one filing period, a separate Send a separate check with each return submitted. Include
amended return must be filed for each filing period. the Social Security Number (SSN), Colorado Account Number
The amended return replaces the original in its entirety (CAN), or Federal Employer Identification Number (FEIN) on
and must report the full corrected amounts, rather than your check to ensure proper credit.
merely the changes in the amount of sales or tax due. Sign and date the return and mail it with your payment to:
If the amended return reflects a decrease in tax from Colorado Department of Revenue
the amount reported on the original return, file a Claim PO Box 17087
for Refund (DR 0137) along with the amended return to Denver CO 80217-0087
request a refund of the overpayment.
Retain a copy of this return for your records.
