Enlarge image | DR 1079 (06/27/19) COLORADO DEPARTMENT OF REVENUE Denver CO 80261-0006 *201079==19999* Colorado.gov/Tax 2020 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 amount real property interests. The determination of the amount to be on the check and the amount entered on the payment form must withheld, if any, will be made on the DR 1083. be the same. The amount of the withholding tax remitted will be credited to the For Privacy Act Notice, see publication FYI General 2. Colorado income tax account of the transferor, similar to wage Write the transferor's Social Security number, ITIN, FEIN, or withholding. The transferor must claim credit for the payment on Colorado Account Number and “2020 DR 1079” on your check the Colorado income tax return. For this reason it is extremely or money order. important that a separate DR 1079 is completed for each transferor Do not send cash. who will be required to file a Colorado income tax return, and that Enclose, but do not staple or attach, your payment with this the correct Social Security number or ITIN (for individuals) or entire form. File only if you are making a payment. Colorado Account Number or FEIN (for other business entities) is listed on each form. Mail to and make checks payable to: Colorado Department of Revenue Send the DR 1079, remittance for the tax withheld and the DR Denver CO 80261-0006 1083 to the Colorado Department of Revenue, Denver, CO 80261- 0006, within 30 days of the date of closing. 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 (06/27/19) 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 IF NO PAYMENT IS DUE, DO NOT FILE THIS FORM. 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 |