Get Book 21 Colorado Severance Tax Booklet. If You Are Using A Screen Reader Or Other Assistive

Filling out the Book 21 Colorado Severance Tax Booklet can be a straightforward process with the right guidance. This guide provides step-by-step instructions tailored for users, including those utilizing screen readers or other assistive technology.

Follow the steps to complete your severance tax booklet.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Review the general information section. Ensure that you understand who is required to file the DR 0021 form and the details regarding the severance tax on oil and gas produced in Colorado.
3. Complete your taxpayer information by providing your full name, Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), and Colorado Account Number. If applicable, include the names and details of your spouse or partner.
4. Indicate your filing status, whether you are a producer of oil or gas and your accounting method (cash basis or accrual basis).
5. Fill in the amounts on the DR 0021 form, starting with the total severance tax calculated from DR 0021D. Ensure that all amounts are rounded to the nearest dollar.
6. Review the withholding statements (DR 0021W) that you received. Ensure that you include all applicable DR 0021Ws with your DR 0021 return as missing forms will result in delayed processing.
7. Calculate any credits applicable to your severance tax from ad valorem taxes, using the values reported on your withholding statements.
8. Complete the refund or balance due section. Determine if you have an overpayment and if so, specify how you would like it refunded.
9. Sign and date the return to validate your submission. If filing a joint return, both you and your spouse or partner must sign.
10. Submit your completed forms, including any necessary payments, to the Colorado Department of Revenue at the appropriate address provided in the booklet.

Ensure all forms and supporting documents are submitted online for a smooth filing experience.