Ly take credit for fuel placed into the fuel tank of a qualified motor vehicle from a licensee s own bulk storage facility. DO NOT include fuel which remains in the bulk storage tank, has been dispensed into off-highway equipment or has been dispensed into a separate auxiliary fuel supply tank of highway equipment used for purposes other than the propulsion engine of the vehicle (i.e. reefer engine). Each IFTA licensee must file a quarterly tax report, even if no miles were driven during.
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How to fill out the CO DR 0122 online
The CO DR 0122 form, necessary for reporting under the International Fuel Tax Agreement, can be completed online with ease. This guide provides step-by-step instructions to ensure accurate and timely submission.
Follow the steps to successfully complete your CO DR 0122 form.
- Press the ‘Get Form’ button to obtain the CO DR 0122 form and open it in your preferred online editor.
- Begin by entering the total miles traveled during the period in Line 1A. Be sure to include both IFTA and non-IFTA jurisdictions. Round to the nearest whole mile.
- Calculate your average miles per gallon by dividing the total miles (Line 1A) by the total gallons (Line 1B) and enter the result on Line 1C, rounding to two decimal places.
- Indicate the appropriate fuel type on Line 2. Remember that a separate form is required for each fuel type.
- In Column 3, list all IFTA jurisdictions where you've traveled, ensuring all entries have correct abbreviations and omitting any jurisdictions with zero miles.
- Enter the total miles traveled in each IFTA jurisdiction in Column 4, rounding to the nearest whole mile. For non-IFTA jurisdictions, provide total miles below the column totals.
- In Column 5, report taxable miles for each jurisdiction. This amount is the total miles from Column 4 minus any miles incurred using a fuel tax trip permit.
- Column 6 should reflect the taxable gallons for each jurisdiction, rounding to the nearest whole gallon and only including gallons used from bulk storage.
- Calculate the net taxable gallons in Column 8 by subtracting Column 7 from Column 6. Use parentheses if the amount indicates a credit.
- In Column 9, enter the tax rate for each applicable IFTA jurisdiction. Do not include non-IFTA jurisdictions.
- Multiply Column 8 by Column 9 to get the tax in Column 10, indicating credit amounts with parentheses.
- For late filings, calculate interest in Column 11. If not late, skip to Step 14.
- Add Column 10 and Column 11 together in Column 12 if interest is due, or keep it the same as Column 10.
- Calculate and enter the amount on Line 13 if there is a positive total tax due. Use Line 14 for reporting a credit.
- Enter '0' on Line 15 if filed on time. If late, report the calculated penalty.
- Complete your return by adding the specified lines to find the total amount due or the refund on Lines 17 and 18. Remember to sign and date the report.
- Ensure you save changes, download, print, or share the completed form as needed to retain your records.
Complete and submit your CO DR 0122 form online to ensure compliance with tax reporting requirements.
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How to get Colorado state tax forms?
You can obtain Colorado state tax forms through the Colorado Department of Revenue's official website, where they have a dedicated section for downloadable forms. Alternatively, you may visit their office in person if you prefer receiving physical copies. Utilizing these resources can help you easily manage your CO DR 0122 requirements.
How do I speak to someone at Colorado Department of Revenue?
To speak directly with someone at the Colorado Department of Revenue, you can call their general inquiry number at (303) 238-7378. Be prepared to explain your issue clearly, so they can point you to the right department or individual. Getting in touch regarding CO DR 0122 can simplify any concerns or questions you might have.
What is the phone number for IRP in Colorado?
For inquiries regarding the International Registration Plan (IRP) in Colorado, you should call (303) 205-5600. This number connects you directly to the Colorado Department of Revenue's IRP office, where staff can assist you with your registration questions. Ensure you have your vehicle details handy to facilitate the conversation about CO DR 0122.
How to check IFTA status?
You can check your IFTA status by visiting the Colorado Department of Revenue's website or contacting their office directly. They provide a portal where you can enter your details and see your status. By staying updated with your CO DR 0122 information, you can ensure compliance and avoid unnecessary penalties.
What is the phone number for Colorado IFTA?
To reach the Colorado International Fuel Tax Agreement (IFTA) office, you can call their main phone number at (303) 205-8291. It's advisable to have all relevant details on hand when you call, as this will help you get the assistance you need faster. Remember, having the right information can significantly streamline your inquiry regarding the CO DR 0122.
What are taxable gallons for IFTA?
Taxable gallons for IFTA refer to the total gallons of fuel that are subject to taxation under the International Fuel Tax Agreement. This includes fuel consumed in your qualifying vehicles, while non-taxable gallons exclude specific exemptions. By understanding these definitions and utilizing the CO DR 0122 guidelines, you can ensure accurate reporting and compliance.
What are impact fees in Colorado?
Impact fees in Colorado refer to charges imposed on developers to help fund public services like schools, roads, or parks necessary for new developments. These fees ensure that growth does not diminish the quality of life for existing residents. Understanding the specifics of these fees can guide your development plans effectively. Explore CO DR 0122 to gain insights into how impact fees affect your projects and ensure you stay adequately informed.
How do I claim gas on my tax return?
To claim gas purchases on your tax return, you need to itemize your deductions and provide accurate records of your fuel expenses. This step allows you to potentially reduce your taxable income. For additional context on the process, CO DR 0122 serves as a useful guide for taxpayers.
How do I claim my fuel tax refund in Colorado?
To claim your fuel tax refund in Colorado, complete the appropriate refund application forms and provide the necessary documentation. Make sure to follow the guidelines outlined in CO DR 0122, as it offers valuable insights into the information required for a successful claim.
Where is the credit for federal tax on fuel claimed?
The credit for federal tax on fuel is typically claimed on your federal income tax return. This credit allows taxpayers to offset their fuel expenses against federal taxes owed. To effectively navigate this process, refer to CO DR 0122 for detailed instructions and potential benefits.
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