colorado llc extension [Videos]

Last updated : Aug 21, 2022

Does Colorado require an extension form?

Colorado offers an automatic six-month extension to file your income tax return if you cannot submit your return by the April 15 due date. This means that you can file your return by October 15. While there is an extension to file, there is not an extension to the payment due date.

Can you file extension for LLC?

To file for an LLC extension, file Form 7004: Application for Automatic Extension of Time to File Certain Business Income Tax Information, and Other Returns. When you request partnership extension, your LLC will get an automatic five-month extension to file Form 1065.

Does Colorado extend with federal extension?

The extended e-File and paper filing deadline is October 15, 2022 October 17, 2022. Keep in mind however, a Colorado or IRS tax extension does not extend the due date to pay owed taxes or income tax liabilities penalty free.

What is the extended tax deadline for 2022?

When Is the Tax Extension Deadline for 2022? While a tax extension typically gives you until Oct. 15 to file a return, the date falls on a Saturday in 2022 so taxes are due by the following Monday, Oct. 17.

How do I file for a partnership extension in Colorado?

S corporations and partnerships can make a Colorado extension payment using Form 0158-N. Extension payments can also be made electronically via the “Revenue Online” system. Colorado Tax Extension Tip: If your Colorado tax liability is zero, you do not need to file anything to get a state extension.

How do you file for extension to Colorado state taxes?

You need to either pay through Revenue Online or submit your payment with the Extension Payment Form (DR 0158-I). Once you have paid at least 90% of your income tax liability by April 18th, you will have until October 15th to file your Colorado Income Tax Return (DR 0104).

How do I file an extension for an LLC 2021?

Use Form 7004 to request an automatic 6-month extension of time to file certain business income tax, information, and other returns.

What is the extended due date for LLC tax returns?

For 2022, LLCs filing as an S corporation must file Form 1120S by March 15 without an extension. With an extension, the deadline for filing is September 15.

What happens if you don't file for an extension?

What Is the Penalty for Filing a Tax Return Late? If you file your 2021 Tax Return after the deadline and you did not get an extension, then you will be assessed a penalty of 5% of your balance due per month or part of a month a return is filed late (for up to five months).

Do you have to file an extension for both federal and state?

Most states don't require you to file separate state extension forms if you don't owe any additional taxes. When you file your state return, you only need to attach a copy of your federal extension form. If you owe state tax, you typically must file state tax extension to avoid penalties.

Can you file an extension after the due date?

To request an extension to file your federal taxes after April 18, 2022, print and mail Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. We can't process extension requests filed electronically after April 18, 2022. Find out where to mail your form.

What happens if I miss the tax deadline?

You'll likely end up owing a late payment penalty of 0.5% per month, or fraction thereof, until the tax is paid. The maximum late payment penalty is 25% of the amount due. You'll also likely owe interest on whatever amount you didn't pay by the filing deadline.

What is the deadline for tax extension 2021?

WASHINGTON — The Internal Revenue Service today reminds taxpayers who requested an extension to file their 2021 tax return to do so by Monday, October 17. While October 17 is the last day for most people to file a Form 1040 to avoid the late filing penalty, those who still need to file should do so as soon as possible.

Can I still file a tax extension after April 15?

Therefore, the tax deadline can change to April 16, 17, or even 18 depending on the situation. If you request and are granted a federal tax extension, you typically have until October 15 to file you tax return. In some states, federal extensions automatically extend your state income tax deadline.

Does Colorado grant automatic extension for partnerships?

Pass-Through Entity/S-Corporation/Partnership - An automatic six-month extension of time to file is granted until 6 months after the original due date of the return.

Can I file form 7004 online?

Form 7004 can be e-filed through the Modernized e-File (MeF) platform. All the returns shown on Form 7004 are eligible for an automatic extension of time to file from the due date of the return.

Does the IRS charge for an extension?

Benefits of filing an extension Filing a tax extension is free, easy and automatic: Just submit Form 4868 electronically or on paper by the filing deadline.

How do I contact the Colorado Department of Revenue?

(303) 238-7378.

Is there a state tax form for Colorado?

These 2021 forms and more are available: Colorado Form 104 – Personal Income Tax Return for Residents. Colorado Form 104PN – Personal Income Tax Return for Nonresidents and Part-Year Residents. Colorado Form 104CR – Individual Credit Schedule.

How do I file a tax extension online form 2022?

You can e-File Form 4868 or Form 2350 for free on eFile.com. After you have e-Filed an IRS accepted tax extension, you can complete your 2021 Tax Return by October 15 October 17, 2022; all your tax extension information will be in your eFile.com account when you e-file.

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hi this is martha hartney with hartney law today we are going to have a brief lesson on how to maintain your llc in colorado with a colorado secretary of state's office now i don't ordinarily maintain my clients llc's for them because it would cost you too much to have me do it and you can do it for yourself very inexpensively and easily so this video will show you how the first thing is you may get some official notices about your renewal period approaching some of those might be legit coming from a colorado secretary of state others will look legit or even maybe alarming telling you to write a check to you know the the company that's reaching out to you for 65 or 85 or 105 or whatever it is they're they're saying that you need to pay them to file your periodic report the thing is you don't need to do that it's ten dollars don't go spending money to some company telling you that you gotta spend any more than ten dollars to do this so i don't do it for you because i'd have to charge you you know like fifty dollars you can do this in about five minutes so here we go i'm gonna share my screen i'm going to renew my own company okay so let me just t that up okay i'm going to share my screen over here and uh this is just my starter screen so i'm going to google colorado here colorado secretary of state business search right here going to business organizations now um in this little corner here there is a segment says search and file where you can do things like search the database search for an availability of a name in colorado um file the periodic report that's the the report that's required to keep your company in good standing in colorado so i'm just going to do this here just so you know you can search any business in colorado on the site if you want to find out where they're located and you know who their registered agent is or who you can't really find out who owns the company through colorado uh through this website because colorado does not require a filing company to disclose the owners in colorado that may change in the future but right now all they want is a registered agent so who's a registered agent very likely you are the registered agent is the person that the company has appointed to receive service of process in the event the company is sued that's all this whole thing is about is making sure that there's somebody that the secretary of state can say to a potential litigant a plaintiff oh you're suing so-and-so that person's registered agent is right here this is where you serve process for a lawsuit and that is in exchange for the um the ability to do business in colorado you need to be able to have somebody for whom service of process can be placed on most of the time it's going to be you occasionally i'll do that for my clients but only under some pretty extreme circumstances so we will search for hartney law over here all right so i originally had titled my company hartney family in the state law and i just switched it to heartney law a couple years later so um this is the company that i want and then we're going to drill down into heart new law um it says it's in good standing its formation date was uh oh my goodness yeah it's like 10 11 years ago now um and then down here there's a whole bunch of things you can do on this company um here's the filing history and documents it's trade names i can get a certificate of good standing or copies of any of the documents i can file forms set up a secure business filing if i need to email notification or unsub from an email notification so let's just look at the filing history and documents of course this company is 11 years old so there's going to be periodic reports for every year now i'm pretty diligent about keeping my company in good standing because i'm a lawyer and i know i'm supposed to do that all right so this is um the first nine there's two pages of records here so we're going to go to the next line because that's where the periodic report notice is located so right here it says periodic report due periodic report due by august i filed my company in june early june of 2010 so i get three months after each periodic report is due annually to submit it and without getting dinged with a late charge now colorado used to not have any late charges and you could file your periodic report anytime it only cost ten dollars but now if you're late it costs you fifty dollars to bring it up to speed so fifty bucks is not a big deal for most people so if you have a company and you haven't renewed it you should do so because eventually if you don't renew it the secretary of state will administratively dissolve your your entity okay so we don't want that let's go to return to summary and we're going to file a form super easy um these are the types of forms that you can file for your companies this is the one we're doing today you can amend your articles of organization you can restate them you can amend and restate you can dissolve your company if you dissolve your company you have to make sure that you do that properly and that you don't leave any creditors without recourse because your dissolution won't actually work if you leave creditors out there so you want to make sure to resolve any potential credit creditor issues either before or as you are dissolving your company um convert to another form or entity state of trade name you know that's a doing business as a dba you can do trade uh corrections and changes so we're going to just file this periodic report now the uh viewing screen that brings up is what i last filed now nothing in my document is really going to change because i haven't moved anywhere and you all know who i am so i and where i am so i don't mind you seeing this so this is my street address for my company if i had a different mailing address i'd put it here now who's the registered agent well i am for my company right here and where do i want that service process to go if i were going to get sued i want to go to this office um i could put a different mailing address but the street address that's where you want your service to process to go now there are some people like if if you have a company in you know like wyoming or another state you may have hired a registered agent in that state to receive services process for you so sometimes you'll have a big business organization name in here um you know like in wyoming i think i use frontier registered agent services so i will put their name in there in a wyoming filing so email notification i'm going to put my email notification in here and then i'm going to uh check down here this is the name of the individual causing the document to be delivered so if i do a filing for a client i would have my name in here um i have my name in here because i'm filing on my own company so you may have someone else file it for you or you may be filing it yourself put that person's name there that's what that means okay um i don't have any other documents that i want to file with this very rarely would i want to file any any documents i definitely don't want to file my article or my shareholder agreement or my operating agreement

Thanks for your comment Eddy Colmenero, have a nice day.
- Billie Wild, Staff Member

are you wondering how to start an llc in colorado today you will learn about the most common ways to start your business including the correct forms you'll need how to register your llc critical naming requirements and all other vital tips and tricks then as a bonus later on in the video i will reveal to you a trustworthy registered agent who will help set up your llc for free so make sure to stick with me until the end the state of colorado like other states has several specific llc requirements there are three main ways you can start an llc in colorado first is the diy or do-it-yourself process where you mostly depend on colorado state's website the second way is hiring a professional service that practically offers more efficiency and security in the process of creating your llc while the third one is hiring an attorney we will skip the attorney hiring portion because that's expensive and most business owners won't need that service first let's take a look at the steps required for starting an llc on your own step one name your business before anything else you will have to think of the llc's legal business name each llc in colorado must have a distinct llc name that is not currently in use you must include the terms limited liability company or an abbreviation such as llc you cannot include phrases such as a corporation which would lead people to believe you are a different business organization knowing if your business name is taken or not is very easy just go to google and type in the words business entity records colorado secretary of state and click the first search result i also have the link in the description below for your convenience it will lead you to a landing page of business entity records in colorado scroll down a little and you will see some search options which make checking the availability of your business name easier generally you can click the first option entity name and type in your business name for example i am typing a very common business name here best dentist which will give you a list of existing business names a unique business name will say no matches found just like this random name i typed in keep in mind that the division of revenue doesn't check names for trademark compliance it's ultimately up to you and your business attorney to ensure that your llc's name doesn't infringe on any other company's rights step two colorado requires llc to have a registered agent an agent has a physical address a po box is not allowed and is available during business hours this agent will serve as the llc's primary point of contact for receiving key legal papers tax warnings summons subpoenas and so on you can register yourself or someone in your company but i highly recommend getting a professional registered agent as they have more knowledge by protecting your company in cases of possible cracks while i agree that family members or friends are reliable enough to be trusted as your llc's agent you are more comfortable sleeping at night knowing that your agent is professional and trained to manage legal documents to avoid problems concerning court schedules filing reports with the secretary of state etc besides hiring a professional registered agent is not expensive in fact there are companies that offer a free registered agent as part of your package when you form your llc through them inc file is a company i recommend which has this free service inc file offers a free registered agent on your first year of signing up for their service during that free year you can already take advantage of a professional and trained agent to receive legal documents on your behalf a dashboard where you can always access the correspondence that your agent has received as well as email notifications and automatic forwarding whenever your registered agent receives documents step 3 filing the colorado llc certificate of formation after that you must file the certificate of formation with the colorado secretary of state's business entities division and the office of the judge of probate to officially incorporate a domestic colorado limited liability company the colorado state filing cost for llcs is 50 for both domestic llcs and 100 for foreign llcs basically a domestic llc means that you are already a resident of colorado and you want to build a business in colorado foreign llc on the other hand is for people living outside colorado but wanting to start a business or a franchise of their business in colorado with that said most businesses would be applying for a domestic llc you can file the certificate of formation online or by mailing it to the secretary of state expect the llc certification process to take approximately two weeks this is three to four days for the judge of probate and ten days for the secretary of state step four prepare an operating agreement now an operating agreement is a good idea to have in place with the other members if your llc has more than one member although a limited liability company operating agreement is not necessary for colorado your operating agreement should clarify how your company or business will handle big picture issues such as allocating earnings and losses and dissolving the company your operating agreement should also cover the transfer of membership interest profits or losses and distributions initial investments decision-making powers voting rights and management and lastly dissolving the business step 5 file periodic annual reports colorado llcs must file a periodic report with the colorado secretary of state each year the report must be filed online at the secretary of state website the filing fee is ten dollars the periodic reports are due during the three-month period beginning on the first day of the anniversary month of the month when the llc was formed for example if you formed your sm llc on june 15th the report would be due each subsequent year between june 1st and august 31st you can also file the report up to two months early you may sign up for email notification from the secretary of state to alert you when the periodic report is due for more information see colorado llc annual report and tax requirements step 6 obtain an ein an ein or employer identification number is a federal tax id issued by the irs your ein is used by them to readily identify your firm and tax filings all colorado firms pay a business privilege tax and the state requires you to have an ein to file you may also be required to provide your ein when opening a bank account or applying for municipal permits or licenses obtaining an ein is a slightly longer process compared to their previous steps i'm sure you know anything to do with the irs is confusing first you have to have complete knowledge of your llc such as your company information managing member information business address business information company details and even critical information regarding vehicular assets and federal excise taxes this is another reason why getting a professional registered agent is way more convenient as they can do this for you as part of their service now let's talk about the second option to form an llc and that

Thanks OwczarekF your participation is very much appreciated
- Billie Wild

About the author

Billie Wild

I've studied japanese history at Pillar College in Newark and I am an expert in usage. I usually feel happy. My previous job was script editor I held this position for 4 years, I love talking about billiards and candle making. Huge fan of Kristen Stewart I practice billiards and collect sports cards.