Colorado DOR Issues Individual Income Tax Information on Filing Requirement Changes for Partnerships, S Corporations

The Colorado Department of Revenue (DOR) Feb.1 issued information on the filing requirement changes for partnerships and S corporations. The individual income tax information includes: 1) effective tax year 2022, partnerships and S corporations must file with the DOR the completed state K-1s (DR 0106K) for each of their partners or shareholders for each tax year; 2) the partnership or S corporation must furnish each partner or shareholder with a copy of the state K-1s reporting their income, deductions, modifications, and credits on or before the state K-1s are filed with the DOR; 3) the state K-1s must be filed ...