Colorado: 1099 State Filing Requirements
3.0k views |Last modified 9/9/2024 3:50:16 AM EST | Added by TaxBandits Team

The State of Colorado mandates filing Form 1099 with the state agency under these conditions:

Requirements
The Colorado Department of Revenue mandates the filing of 1099 Forms.

• If there is any state tax withholding, you must file 1099 Forms directly with the state.
• If there is no state tax withholding, the IRS automatically forwards federal 1099 forms to the state agency, as Arizona is part of the CF/SF (Combined Federal/State Filing) program.

Threshold
There is no specific threshold for reporting 1099s with the state of Colorado. Instead, the reporting requirements align with the federal guidelines. The payer should assess and file a Form 1099 based on each form's applicable federal threshold.

Required Forms

Colorado also requires the filing of the following 1099 forms: 

• 1099-NEC
• 1099-MISC
• 1099-K
• 1099-INT
• 1099-DIV
• 1099-R
• 1099-B
• 1099-G
• 1099-OID
• W-2G

Additional Requirements

Colorado may require you to file Form DR 1106 (Annual Transmittal of State 1099 Forms) along with the respective 1099 forms.

Note: TaxBandits do not support filing "Form DR 1106" with the state. The payer is responsible for filing these forms before the deadline.

Due Date

• The deadline for filing Form 1099 with the state of Colorado is January 31. 

Note: If this due date falls on a weekend or a federal holiday, the deadline is extended to the next business day.

Penalties

A penalty of 5% of the tax due or $5 (whichever amount is greater) is charged, with an additional penalty of 0.5% per month up to a maximum of 12% of the tax due.

For more information about Colorado 1099 filing requirements, click here.