To submit the Colorado W-2 Wage Withholding Tax Return, employers can pay taxes through Revenue Online at www.Colorado.gov/RevenueOnline using echeck or credit card. Alternatively, they may sign up for Electronic Funds Transfer (EFT) and pay through www.Colorado.gov/revenue/eft. Do not file a paper DR 1094 if taxes are remitted via EFT. For zero returns, file online at www.Colorado.gov/RevenueOnline or mail a paper return to Colorado Department of Revenue, Denver, CO 80261-0009. Ensure all information is accurate and submit the form by the due date.

For 2024 and 2025, important dates for the Colorado W-2 Wage Withholding Tax Return include the end of each payroll period and the due dates for filing returns and making payments. Employers must pay withheld taxes and file the relevant forms on a monthly, quarterly, or annual basis according to their filing frequency.

The Colorado W-2 Wage Withholding Tax Return (DR 1094) serves a critical purpose for employers in the state. This form is used to report the total amount of Colorado income tax withheld from employees' wages during a specific filing period. By accurately completing and submitting this form, employers ensure compliance with state tax regulations. Additionally, the form allows for the adjustment of previously filed returns, enabling employers to claim credits for overpaid taxes within the current calendar year. This helps maintain accurate tax records and potentially reduces the tax liability for businesses. Properly filing the DR 1094 is essential for ensuring that all withheld taxes are reported and paid accurately, supporting the financial operations of both employers and the state of Colorado.

• 1. Account Number: Enter your Colorado business account number, which is an 8-digit identifier.
• 2. Filing Period: Input the correct filing period for this return, including the period start and end dates.
• 3. Total Colorado Tax Withheld: Report the total amount of Colorado income tax withheld from wages for the period.
• 4. Overpayment: If there was an overpayment in a previous period, calculate and report the overpayment amount.
• 5. Net Amount Due: Subtract any overpayment from the total tax withheld to calculate the net amount due.
• 6. Penalty: If the return is filed late, calculate and report the penalty amount based on the number of months past the due date.
• 7. Interest: Calculate and report any interest due for late payments according to the guidelines provided.
• 8. Total Amount Due: Add the net amount due, penalty, and interest to calculate the total amount due for the period.
• 9. Signature: Provide your signature, date, and phone number to certify the accuracy of the information provided.

Failure to submit the Colorado W-2 Wage Withholding Tax Return can result in penalties and interest charges. It is critical to file this form on time to avoid these consequences.

• Late Penalty: A penalty of up to 12% may be imposed for late submission.
• Accrued Interest: Interest may accrue on unpaid taxes, increasing the total amount owed.
• Filing Discrepancies: Failure to submit accurate returns can lead to discrepancies in tax records.

• 1. Regular Reporting: Submit this form to report taxes withheld for a specific period.
• 2. Amending Returns: Use this form to amend previously filed withholding tax returns with overpayments or additional taxes owed.
• 3. Claiming Credits: File this form to claim credits for overpaid taxes in the current calendar year.
• 4. Year-End Reporting: Ensure all tax withholdings are accurately reported at the end of the year on the W-2 statement.
• 5. Avoiding Penalties: Submit on time to avoid penalties and ensure compliance with state tax regulations.