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Get CO DR 0204 2017

Timated Tax Instructions for DR 0204 Part 1: Generally you are subject to an estimated tax penalty if your current year estimated tax payments are not paid in a timely manner. The estimated tax penalty will not be assessed if either of the exceptions are met. Part 2: The required annual amount to be paid is the lesser of: 70% of actual current year net Colorado tax liability, or 100% of preceding year s net Colorado tax liability (This amount only applies if the preceding year was a.

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