Fill Out Your Colorado Dr 8453 Form Open Editor Now

Fill Out Your Colorado Dr 8453 Form

The Colorado DR 8453 form is an Individual Income Tax Declaration for Electronic Filing designed for residents who choose to file their tax returns electronically in the state of Colorado. It serves as a verification document that the information submitted electronically matches the information on the taxpayer's federal and Colorado income tax returns. Taxpayers are advised to keep this form with their records and not to send it to the IRS or the Colorado Department of Revenue.

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At the heart of electronic filing within Colorado lies the DR 8453 Individual Income Tax Declaration for Electronic Filing—a pivotal document designed to streamline the process of submitting state income tax returns online. Filled out by residents who opt for the efficiency and convenience of digital submission, this form acts as a formal declaration that the information furnished to the state’s Department of Revenue through electronic means is true, complete, and accurate, mirroring the data provided in their federal and Colorado tax returns. With detailed sections that include taxpayer identification, comprehensive income details, tax computations, and a declaration section for taxpayers and electronic return originators (EROs) alike, the form ensures a legally binding commitment to the correctness of the provided data without the need to mail in physical copies of these documents. Importantly, while the form must be retained in personal records, it should not be sent to the Internal Revenue Service (IRS) or the Colorado Department of Revenue, echoing its role as a key component of a fully digital tax filing procedure. Its most recent iteration, marked with the date 09/27/10, underscores the Colorado Department of Revenue's move towards streamlined, paperless processes aimed at making tax submissions more efficient for taxpayers across the state.

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DR 8453 (10/19/21)

COLORADO DEPARTMENT OF REVENUE

Denver CO 80261-0005

Tax.Colorado.gov

Instructions

Line Instructions

Submission ID

The20-digitnumberisassignedbythepreparation software to each taxpayer's return at time of submission to the IRS. This number should be entered in the space provided.

Name, Address, and Social Security Number Print or type this information in the space provided exactly as it appears from Colorado Form 104.

Taxpayers Using an ERO or Preparer Taxpayers who use an ERO or tax preparer should maintain copies of all information given to them by the ERO or tax preparer for the period covered by the statute of limitations, but are not

required to mail anything to the Colorado Department of Revenue at the time of filing.

Part I – Tax Return Information

Line 1— Report the total income from federal Form 1040, line 9.

Line 2— Report the amount of taxable incomereportedonfederalForm1040, line 15.

Line 3— Report the amount of tax reported on Colorado Form 104, line 17.

Line 4— Report the amount indicated as

Colorado withholding tax from

Colorado Form 104 line 18.

Line 5— Report the amount reported as a refund on Colorado Form 104 line 36.

Line 6— Report the amount reported as the amount you owe from Colorado Form 104 line 41.

Part II – Declaration of Taxpayer (Taxpayer

using ERO or Taxpayer who is a PC filer)

All Taxpayers

All Taxpayers are required to sign and date the DR 8453 at the time of filing. If the tax return is a joint return, the spouse is also required to sign and date the DR 8453 at the time of filing. An electronically transmitted income tax return will not be considered complete and/or filed until the DR 8453 has been signed/dated by all appropriate taxpayers.

Part III – Declaration of Electronic Return Originator (ERO), Preparer, or

transmitter

The ERO or the preparer of the return is

required to sign and date the DR 8453 at the time of filing. If the ERO is also the preparer,

the check box labeled "Check if also preparer" must be checked. The ERO or preparer is also

required to report their Social Security Number or preparer identification number (PTIN) in the

space provided. If the taxpayer is the preparer, PART III does not need to be signed/dated.

Other Information

Colorado Statute of Limitations

The general rule for the Colorado statute of limitations is the federal statute of limitations plus one year, or four years from the due date of the Colorado return. For exceptions to this general rule, see Colorado publication Individual Income Tax Guide or 39-22-608, Colorado Revised Statutes.

DR 8453 on Demand by Colorado DOR The paid preparer is also responsible for establishing and maintaining a system that allows retrieval of any particular DR 8453 and attachments by taxpayer social security number on demand by the Colorado Department of Revenue.

For help, visit Tax.Colorado.gov

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DR 8453 (10/19/21)

COLORADO DEPARTMENT OF REVENUE

Denver CO 80261-0005

Tax.Colorado.gov

Page 1 of 1

State of Colorado Individual Income Tax Declaration for Electronic Filing

Do not mail this form to the IRS or the Colorado Department of Revenue. Retain with your records.

Taxpayer SSN or ITIN

Spouse SSN or ITIN (If Joint Return)

Submission ID

Taxpayer Last Name

Taxpayer First Name

Middle Initial

Spouse Last Name (If Joint Return)

Spouse First Name (If Joint Return)

Street Address

Phone Number

City

State ZIP

Part I — Tax Return Information

1.

Total Income, line 9 from your federal Form 1040

1

$

2.

Taxable Income, line 15 on federal Form 1040

2

$

3.

Colorado Tax, line 17 on Colorado Form 104

3

$

4.

Colorado Tax Withheld, line 18 on Colorado Form 104

4

$

5.

Refund, line 36 Colorado Form 104

5

$

6.

Amount You Owe, line 41 on Colorado Form 104

6

$

 

Part II — Declaration of Tax Payer

 

 

Under penalties of perjury, I declare that the information I have provided for electronic filing and the amounts shown in Part I above agree with

the amounts shown on my 2021 Federal/Colorado income tax returns, and that said tax returns, statements, schedules and attachments are true, correct, and complete to the best of my knowledge and belief. I understand that I (or my Electronic Return Originator (ERO) if applicable) may be required to provide paper copies of this declaration, my returns, withholding statements, schedules, and attachments upon request

by the Colorado Department of Revenue at any time during the period covered by the Colorado statute of limitations.

Signature

Date

Spouse's Signature (If Joint Return, Both Must Sign)

Date

Part III — Declaration of ERO/Preparer/Transmitter

If the transmitter did not prepare the tax return, check here

If I am not the preparer, I declare only that the amounts shown in Part I above agree with the amounts shown on the taxpayer's 2021 Federal/ Colorado income tax returns. If I am the preparer, under penalties of perjury I declare that I have reviewed the above taxpayer's 2021 Federal/ Colorado income tax returns and that the information provided to me by the taxpayer and the amounts shown in Part I above agree with the

amounts shown on said tax returns, and that said tax returns, statements, schedules, and attachments are true, correct, and complete to the best of my knowledge and belief. As preparer, I further declare that I have obtained the taxpayer's signature on this form at the time of filing and have provided the taxpayer with copies of all forms and information filed. I also agree to maintain this signed Form (DR 8453) for the period

covered by the Colorado statute of limitations, and to provide paper copies of this declaration, said returns, withholding statements, schedules and attachments upon request by the Colorado Department of Revenue at any time during this period.

ERO's Signature

Preparer Identification Number or Your SSN

Date (MM/DD/YY)

Check if also Preparer

File Characteristics

Fact Detail
Form Name and Number Colorado DR 8453, Individual Income Tax Declaration for Electronic Filing
Issue Date 09/27/10
Governing Body Colorado Department of Revenue
Applicable Law(s) Governed by Colorado state law pertaining to the filing of electronic tax returns
Main Purpose To declare the information provided for electronic filing is accurate and complete
Storage of the Form Do not mail this form to the IRS or the Colorado Department of Revenue; retain with your records
Required Information Includes taxpayer's name, Social Security Number, address, and detailed tax return information
Parts of the Form Consists of Tax Return Information, Declaration of Taxpayer, and Declaration of ERO/Preparer/Transmitter
Relevance Used specifically for Colorado residents filing their state income tax returns electronically
Confidentiality Contains sensitive personal and financial information; must be securely stored

Instructions on How to Fill Out Colorado Dr 8453

When faced with the task of filling out the Colorado DR 8453 form, it's important to approach the process with clarity and precision. This form functions as an Individual Income Tax Declaration for electronic filing within the state of Colorado. It's a bridge between the taxpayer and the seamless processing of their electronic submission. Failing to execute this step accurately can result in unnecessary delays or complications. Following a step-by-step guide ensures that you cover all necessary bases, preventing possible hindrances in the progression of your tax filing process.

Steps for Completing the Colorado DR 8453 Form

  1. Begin by entering the Taxpayer's Last Name, First Name, and Middle Initial (M.I.) exactly as they appear on your federal income tax return. If you are filing a joint return, also enter your spouse's last name, first name, and M.I.
  2. Provide the Social Security Number(s) for both you and your spouse (if filing jointly). Ensure these numbers are accurate to prevent any issues with identification.
  3. List your complete Address, including City, State, and ZIP Code. Double-check this information to ensure the Colorado Department of Revenue can reach you if necessary.
  4. Include a Telephone Number where you can be contacted. This is crucial in case the Department needs further information or clarification.
  5. Under Part I — TAX RETURN INFORMATION, enter your financial figures in whole dollars only:
    • Line 1: Total Income - refer to your federal Form 1040, 1040A, or 1040EZ as instructed.
    • Line 2: Taxable Income - again, refer to your federal return for the exact amount.
    • Line 3: Colorado Tax - this should match the amount from line 15 on Colorado Form 104.
    • Line 4: Colorado Tax Withheld - fill this from line 21 on Colorado Form 104.
    • Line 5: Refund or Line 6: Amount You Owe - depending on your particular financial situation, fill in the applicable line from your Colorado Form 104.
  6. In Part II — DECLARATION OF TAXPAYER, you, and if applicable, your spouse, must sign and date the form. This act confirms that the information provided for electronic filing and the amounts declared agree with those on your federal and Colorado tax returns. It's a testament to the truthfulness and completeness of your tax details to the best of your knowledge.
  7. If someone other than yourself prepared the form, Part III — DECLARATION OF ERO/PREPARer/TRANSMITTER needs to be completed. This includes information affirming that the preparer or transmitter has reviewed the information and agrees with the amounts declared, under penalties of perjury. Their signature and the date must also be included.

Once the Colorado DR 8453 form has been thoroughly and accurately completed, it serves as a critical component of your tax records. However, it is vital not to send this form to the IRS or the Colorado Department of Revenue. Instead, retain it with your tax documents. Should the Colorado Department of Revenue request it, having this completed declaration ready will simplify the validation of your electronic filing, aiding in a smoother tax processing experience.

Understanding Colorado Dr 8453

What is the Colorado DR 8453 form?

The Colorado DR 8453 form is an Individual Income Tax Declaration for Electronic Filing intended for residents of Colorado to use when they are submitting their state income tax returns electronically. It is a document that confirms the taxpayer's agreement with the information transmitted electronically and must be retained with the taxpayer's records. It is not meant to be mailed to the IRS or the Colorado Department of Revenue.

Who needs to file the Colorado DR 84511form?

Any Colorado taxpayer who chooses to file their state income tax return electronically should complete the DR 8453 form. This includes both individuals who prepare their own tax returns electronically and those who use the services of a tax preparer.

What information do I need to provide on this form?

You will need to provide your total income, taxable income, the Colorado tax, the amount of Colorado tax withheld, any refund or amount you owe, and similar tax return information. Additionally, personal details such as names, social security numbers for you and a spouse if filing jointly, address, and telephone number are required.

Where do I submit the DR 8453 form?

You do not submit the DR 8453 form to the IRS or the Colorado Department of Revenue. Instead, you should retain it with your records. It serves as proof that you agreed with the information transmitted electronically in case of any discrepancies or inquiries from the Department of Revenue.

Is there a deadline for completing the DR 8453 form?

The DR 8453 form should be completed at the time of your electronic filing. It does not have a separate deadline but should align with the Colorado income tax return filing deadline, usually April 15th, unless an extension has been granted.

What happens if I make a mistake on the DR 8453 form?

If mistakes are discovered after the electronic filing, you may need to amend your tax returns. However, since the DR 8453 form is kept for your records and is not submitted, you should correct any errors in your records and ensure the accurate information is reflected in an amended return if necessary.

Do I need to keep a copy of the DR 8453 form?

Yes, you must retain a copy of the DR 8453 form with your tax records. It serves as evidence of your declaration and agreement with the information filed electronically and may be required for future reference or in the event of an audit.

Can I file this form if I am filing a joint return?

Yes, if you are filing a joint return, both you and your spouse should provide your details on the form, including names, social security numbers, and signatures, to confirm that both parties agree with the information submitted electronically.

What if I am using a tax preparer or filing service?

If a tax preparer or a filing service is used for electronic submission of your Colorado income tax return, the preparer or transmitter must also complete their section of the DR 8453 form, declaring that the information they have submitted is accurate. However, as the taxpayer, you are still responsible for keeping the form for your records.

Common mistakes

Filling out the Colorado DR 8453 form, an Individual Income Tax Declaration for Electronic Filing, can sometimes be complicated. People can easily overlook certain aspects or commit common errors that may affect their filing. Below are nine mistakes frequently made on this form:

  1. Not including information in whole dollars only on the tax return information section can lead to inaccuracies.
  2. Forgetting to add the social security number for both the taxpayer and the spouse if it's a joint return.
  3. Omitting the taxpayer’s last name or entering it incorrectly. It's crucial that the name matches the one on the Social Security card.
  4. Entering an incorrect tax year by mistake, which can lead to confusion and potential processing delays.
  5. Not checking the box in Part III if the transmitter did not prepare the tax return, failing to communicate essential information about who prepared the return.
  6. Miscalculating the Total Income, Taxable Income, Colorado Tax, Colorado Tax Withheld, Refund, or Amount You Owe can throw off your entire return.
  7. Sometimes people mistakenly mail the form to the IRS or the Colorado Department of Revenue even though instructions clearly state to retain it with your records. This can result in a lack of documentation if any issues arise later.
  8. Signing the form without reviewing all the information entered can lead to errors going unnoticed. It’s crucial to double-check all entries and calculations.
  9. Failing to include or incorrectly entering the Declaration Control Number (DCN), which is essential for tracking and processing the electronic filing.

Ensuring accuracy on these fronts can help in avoiding delays or issues with tax return processing. Each detail on the DR 8453 form serves a purpose and must be filled out carefully and correctly.

Documents used along the form

When it comes to handling the DR 8453 form, a Colorado Individual Income Tax Declaration for Electronic Filing, there are several accompanying forms and documents often utilized to ensure a smooth and accurate process for tax preparation and submission. Here's a look at some of these critical documents:

  • Federal Form 1040: This is the U.S. Individual Income Tax Return form. It is the starting point for most personal tax filings, used to report an individual's financial income and calculate taxes owed or refunds due.
  • Colorado Form 104: Specifically designed for Colorado state taxes, this form mirrors the function of the Federal Form 1040, but it addresses state-related income and tax calculations.
  • W-2 Forms: Issued by employers, these forms report an employee’s annual wages and the amount of taxes withheld from their paycheck.
  • 1099 Forms: These forms report various types of income other than salaries, such as freelance income, interest, dividends, or government payments.
  • Schedule A: This form is used for itemizing deductions, allowing taxpayers to list allowable deductions such as medical expenses, taxes paid, and charitable contributions, potentially reducing taxable income.
  • Schedule C: Designed for sole proprietors, Schedule C is used to report profit or loss from a business.
  • Schedule D: This form is used to report capital gains or losses from the sale of property or investments.
  • Schedule E: Useful for reporting income or losses from rental property, royalties, partnerships, S corporations, estates, and trusts.
  • Form 8863: Taxpayers use this form to claim education credits, such as the American Opportunity Credit and the Lifetime Learning Credit, which can reduce the amount of tax owed.
  • Form 2441: For those who pay for child care, Form 2441 is used to claim the Child and Dependent Care Expenses credit, which can directly reduce tax liability

Each of these documents serves a specific purpose and, when accurately completed, contributes to the comprehensive representation of an individual’s financial picture. By understanding and correctly utilizing these forms in conjunction with the Colorado DR 8453, taxpayers can ensure compliance with tax laws, possibly reduce taxable income, and accurately calculate taxes owed or refunds due. It's essential to consult with a tax professional or reference official IRS and Colorado Department of Revenue guidance when preparing your tax returns to ensure accuracy and compliance.

Similar forms

The Colorado Dr 8453 form is similar to other tax-related documents in a few specific ways. Each document serves a unique purpose in the process of declaring and filing taxes but shares a commonality in structure and the type of information they request from the taxpayer. Understanding these similarities can help individuals better navigate their tax responsibilities while recognizing the distinct role each form plays.

Federal Form 8879, IRS e-file Signature Authorization, is akin to the Colorado Dr 8453 form. Federal Form 8879 allows taxpayers to electronically sign their federal e-filing return, similar to how Dr 8453 serves for Colorado state tax returns. Both forms act as a declaration that the information submitted is accurate to the best of the taxpayer's knowledge and that the taxpayer authorizes the electronic submission of their tax return. They require personal identification details, tax year information, and a declaration of accuracy under penalties of perjury.

Form 1040, U.S. Individual Income Tax Return, although more comprehensive, shares foundational elements with the Colorado Dr 8453 form. Form 1040 is the federal counterpart where taxpayers declare their income, deductions, and credits to determine their tax liability or refund at the national level. The Dr 8453, by contrast, focuses on the state tax declaration for Colorado residents specifically. Both are integral in the tax filing process, representing different governmental layers but requiring a factual and accurate representation of the taxpayer’s financial situation over the fiscal year.

Dos and Don'ts

Filling out the Colorado DR 8453 form, an individual income tax declaration for electronic filing, requires attention to detail and precision. This document serves as a confirmation of the electronic filing of your state income tax returns. Below are critical dos and don’ts to consider for a smoother filing process.

Things You Should Do:

  1. Double-check the information from your federal and Colorado tax returns to ensure accuracy before you fill out Part I of the form.
  2. Verify that your Social Security Number and any other identification numbers are entered correctly to prevent processing delays.
  3. Sign and date the form in Part II (Declaration of Taxpayer) if filing individually, or make sure both spouses sign if filing a joint return.
  4. If someone else prepared your taxes, ensure the Electronic Return Originator (ERO)/Preparer/Transmitter section in Part III is filled out and signed appropriately.
  5. Retain a copy of this form with your tax records; do not send it to the IRS or Colorado Department of Revenue as the form states.

Things You Shouldn’t Do:

  1. Don’t leave any required fields blank. If a section does not apply to you, ensure to note it with a ‘0’ or ‘N/A’ as appropriate instead of leaving it empty.
  2. Avoid rounding off figures. Ensure all amounts are exact whole dollar amounts as carried over from your tax returns.
  3. Don’t sign the declaration without thoroughly reviewing the information for accuracy and completeness.
  4. Do not use this form for any purpose other than to accompany your electronic filing of Colorado state taxes.
  5. Finally, don’t forget to provide copies of the form and any supporting documents to your tax preparer or ERO if they require them for their records.

Misconceptions

There are several misconceptions surrounding the Colorado DR 8453 form, which is a crucial document related to electronic filing of income tax in the state of Colorado. Understanding this form correctly is essential for taxpayers to comply with the state's regulations and ensure a smooth tax filing process. Here are six common misconceptions and the truths behind them:

  • Misconception #1: The DR 8453 form must be mailed to the IRS or Colorado Department of Revenue.
    The truth is, this form is not to be mailed to either the IRS or the Colorado Department of Revenue. Its purpose is for record-keeping and should be retained by the taxpayer after electronic submission of their income tax returns.
  • Misconception #2: This form is only for those who owe taxes.
    Regardless of whether a refund is due or taxes are owed, the DR 8453 form is a declaration for electronic filing for all taxpayers who choose this filing method. It encompasses various financial scenarios, not just those resulting in a payment to the state.
  • Misconception #3: The DR 8453 form replaces the need for a federal tax return.
    This document is supplementary and does not replace the need for a federal tax return. Taxpayers must still fill out and file their federal returns according to federal guidelines. The DR 8453 form is specific to Colorado state income tax filings.
  • Misconception #4: Anyone can complete the DR 8453 form on behalf of the taxpayer.
    While tax professionals can assist in preparing your taxes, the declaration section of the DR 8453 form must be signed by the taxpayer (and spouse if filing jointly), affirming the accuracy of the information provided for the electronic filing. This responsibility cannot be delegated.
  • Misconception #5: The DR 8453 form is only applicable in the year it was issued.
    The DR 8453 form's design and requirements may evolve, but the concept of an electronic filing declaration form remains constant. Taxpayers should use the most current form applicable to the tax year they are filing for, ensuring they comply with the latest regulations and requirements.
  • Misconception #6: If you make a mistake on the DR 8453 form, there's no way to correct it.
    Errors can be corrected, but the process depends on the nature of the mistake. For some corrections, contacting the Colorado Department of Revenue may be necessary. It's important to review and ensure the accuracy of this form before submission, just like with any other tax document.

Understanding these points clarifies the purpose and process surrounding the DR 8453 form, making tax season a little easier for Colorado taxpayers. It's always advisable to consult with a tax professional if there are any doubts about this or any other tax-related documents.

Key takeaways

  • The Colorado DR 8453 form is an Individual Income Tax Declaration for Electronic Filing that taxpayers use when choosing to file their state tax returns electronically. This form is specific to the state of Colorado.

  • It is crucial not to send the DR 8453 form to the IRS or the Colorado Department of Revenue; instead, taxpayers should retain it with their records. This serves as a confirmation of electronic filing.

  • The form includes fields for basic taxpayer information including names, social security numbers, and contact details for both the taxpayer and, if applicable, their spouse.

  • In Part I, the form captures essential figures from the taxpayer's federal and state tax returns such as total income, taxable income, Colorado tax, withheld taxes, refund, and the amount owed.

  • Part II of the form involves a declaration by the taxpayer, under penalty of perjury, affirming the truthfulness and completeness of the provided tax return information and accompanying documents.

  • Tax preparers or Electronic Return Originators (ERO) must complete a section if they were involved in preparing the return. This includes a statement of accuracy regarding the information provided on the taxpayer's return and may require the preparer's or ERO's signature if they affirm the contents.

  • VITA (Volunteer Income Tax Assistance) preparers are mentioned, pointing to an exemption or specific instruction for those who fall under this category, indicating special consideration for these preparers.

  • Taxpayers and preparers need to be aware of the form's version and date (in this case, marked as 09/27/10) to ensure they are using the most current form, as tax laws and form requirements can change.

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