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This version of the form is not currently in use and is provided for reference only. Download this version of
Form DR1079
for the current year.
Form DR1079 Payment of Withholding Tax on Certain Colorado Real Property Interest Transfers - Colorado
What Is Form DR1079?
This is a legal form that was released by the Colorado Department of Revenue - a government authority operating within Colorado. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form DR1079?A: Form DR1079 is a form used to pay withholding tax on certain real property interest transfers in Colorado.
Q: Who uses Form DR1079?A: Form DR1079 is used by individuals and entities involved in real property interest transfers in Colorado.
Q: What is withholding tax?A: Withholding tax is a tax deducted at source by the person making payment to another person or entity.
Q: When is Form DR1079 due?A: Form DR1079 is due within 30 days from the date of transfer of the real property interest.
Q: What happens if I don't file Form DR1079?A: Failure to file Form DR1079 or pay the withholding tax may result in penalties and interest.
Q: How much is the withholding tax rate?A: The withholding tax rate for certain real property interest transfers in Colorado is 2.00%.
Q: Are there any exemptions from withholding tax?A: Yes, there are exemptions available for certain types of transactions. Please refer to the instructions for Form DR1079 for more details.
Q: What supporting documentation do I need to submit with Form DR1079?A: You may need to submit a copy of the real estate contract or other related documentation with Form DR1079.
Form Details:
- Released on June 27, 2019;
- The latest edition provided by the Colorado Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form DR1079 by clicking the link below or browse more documents and templates provided by the Colorado Department of Revenue.
