Colorado 1099 Filing Requirements
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Colorado State Filing
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Colorado 1099 Filing Requirements
- Form 1099 (1099-NEC, 1099-MISC, 1099-INT, 1099-DIV, 1099-R, 1099-B, 1099-G, 1099-K, 1099-OID, and W-2G)
- Form DR 1106 - Annual Transmittal of State 1099 Forms
Deadline to file Form 1099 and Form DR1106 is
January 31, 2023.TaxBandits supports the filing of Form 1099 with both the Federal and State of Colorado.
Q. Does Colorado require 1099 filing?
A. Yes, the Colorado Department of Revenue mandates filing 1099 Forms only if there is a state tax withholding.
Q. What types of 1099 forms does Colorado require?
A. Colorado requires the filing of the following 1099 forms only if there is a state tax withholding.
Q. Does Colorado require the filing of Form 1099-NEC?
A. Yes. The State of Colorado requires Form 1099-NEC to be filed only if there is state withholding.
Q. Does Colorado have any additional requirements when you file 1099 forms?
A. Yes. The state of Colorado requires additional forms to file along with Form 1099. Colorado has an additional requirement of Form DR 1106 (Annual Transmittal of State 1099 Forms) to be filed if income tax withheld per 1099s and paid during year.
Note: When you E-File Form 1099 with TaxBandits, you need to take care of Transmittal Form DR-1106.
Q. What is Form DR 1106?
A. Form DR 1106 is an Annual Transmittal of State 1099 Forms used to report income tax withheld per 1099s and paid during the year.
Q. When is Colorado 1099 due?
A. The filing due date for the Form 1099 is January 31.
Note: If the due date falls on a weekend or federal holiday, the next weekday is the deadline.
Q. What are the requirements to file 1099 electronically with Colorado?
A. Payers with 250 or more payees are required to file 1099 electronically. It is also recommended for payers with less than 250 payees. However, payers with less than 250 payees may choose paper filing.
Q. What are the penalties for not filing or filing 1099 late with Colorado?
A. Penalty of 5% of tax due or $5 (whichever amount is greater) is charged. An additional penalty of 1/2% (.005) is charged for each additional month upto maximum of 12% of the tax due.
Learn more about Form 1099 Penalties.
Q. Where do I mail Colorado 1099 forms?
A. Mail your Form 1099s along with Form DR 1106 to the following address.
W-2 Correction Mailing Address (along with the cover letter):
For more information, please visit the State website: https://www.colorado.gov/tax
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