Form DR0155 "Sales Tax Return for Unpaid Tax From the Sale of a Business" - Colorado

What Is Form DR0155?

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.

Form Details:

  • Released on July 20, 2021;
  • 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 DR0155 by clicking the link below or browse more documents and templates provided by the Colorado Department of Revenue.

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Download Form DR0155 "Sales Tax Return for Unpaid Tax From the Sale of a Business" - Colorado

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DR 0155 (07/20/21)
COLORADO DEPARTMENT OF REVENUE
Service Center Section
PO Box 17087
Sales Tax Return for Unpaid Tax
Denver CO 80217-0087
Tax.Colorado.gov
from the Sale of a Business
Instructions
General Instructions
Specific Instructions
Form DR 0155 is used to report and pay the sales tax on
Line 1 Gross Price of Tangible Personal Property - Enter
tangible personal property (other than resale inventory)
the gross purchase price of the tangible personal
acquired as part of the purchase of an existing retail business.
property acquired from the prior retail owner, including
inventory, furniture, fixtures, and other equipment.
Sale and Purchase of a Retail Business
Do not include the price paid for any buildings, land,
Anyone who purchases an existing retail business
receivables, good will, or other types of property.
must withhold from amounts paid to the seller sufficient
purchase money to cover any and all outstanding taxes
Line 2 Inventory - Enter the purchase price paid for any
the seller owes until the seller provides a tax status letter
resale inventory included on line 1.
from the Department showing that all taxes due have
Line 3 Line 1 less line 2 - Subtract line 2 from line 1. Enter
been paid. The seller may request a tax status letter by
amount on line 6 in all applicable columns.
submitting a completed form DR 0096 to the Department
Line 4 Location of Sale - Enter the county and city check
along with the required fee. The retailer purchasing the
the boxes of the applicable special districts for the
business assumes the liability for any sales taxes due,
location of the private residence at which the sale
but not paid by the prior owner.
was made.
If a retailer selling their business does not collect and
Line 5 Tax Rate - Tax rates can be found in Department
remit the required sales tax due for any tangible personal
publication Colorado Sales/Use Tax Rates (DR 1002).
property, other than inventory, transferred to the purchaser
Taxpayers can search for the applicable rates by
as part of the sale, the retailer purchasing the business
address at: http://Colorado.gov/Revenue/GIS/
assets assumes the liability for the unpaid tax. The retailer
who purchases the business may file this form DR 0155 to
Line 6 Net Taxable Sales for each Tax - Enter the amount
remit the sales tax due for the tangible personal property
from line 3.
acquired as part of the sale. The sales tax is due by the
Line 7 Sales Tax Due - Multiply the tax rate on line 5 by the
20th day of the month following the month in which the
net taxable sales on line 6 in each column.
business assets were sold.
Line 8 Penalty - If this return and remittance is postmarked
Other Business Purchases
after the due date, a penalty of 10% plus ½% per
If the business purchased was not a retail business, the
month (not to exceed 18%) is due. Multiply the
purchaser is liable for use tax on the purchase price paid
tax on line 7 by the applicable percentage to
for any tangible personal property acquired. Consumer
determine penalty.
use tax is reported on form DR 0252. If the business
Line 9 Interest - If this return and remittance is postmarked
purchased was located within a rural transportation
after the due date, interest is due. Interest rates
authority (RTA), the purchaser must also file form DR
can be found in FYI General 11. Multiply the
0251. For a list of RTA districts, their boundaries, and
tax on line 7 by the applicable interest rate to
the applicable tax rates, refer to Department publication
determine interest.
DR 1002 (Colorado Sales/Use Tax Rates). Taxpayers
can search for the applicable jurisdictions by address
Line 10 Total Each Tax - Add lines 7, 8 and 9 for each
at: http://Colorado.gov/Revenue/GIS/
applicable column.
Amended Returns
Line 11 Amount Owed - Total the amounts in each applicable
If filing a return to amend a previously filed return,
column. This is the amount due with your return.
mark the applicable box to indicate that the return is an
Payment Information
amended return. If a taxpayer needs to amend previously
Send a separate check with each return submitted. Include
filed returns for more than one filing period, a separate
the Social Security Number (SSN), Colorado Account Number
amended return must be filed for each filing period.
(CAN), or Federal Employer Identification Number (FEIN) on
The amended return replaces the original in its entirety
your check to ensure proper credit.
and must report the full corrected amounts, rather than
merely the changes in the amount of sales or tax due.
Sign and date the return and mail it with your payment to:
If the amended return reflects a decrease in tax from
Colorado Department of Revenue
the amount reported on the original return, file a Claim
PO Box 17087
for Refund (DR 0137) along with the amended return to
Denver CO 80217-0087
request a refund of the overpayment.
Retain a copy of this return for your records.
DR 0155 (07/20/21)
COLORADO DEPARTMENT OF REVENUE
Service Center Section
PO Box 17087
Sales Tax Return for Unpaid Tax
Denver CO 80217-0087
Tax.Colorado.gov
from the Sale of a Business
Instructions
General Instructions
Specific Instructions
Form DR 0155 is used to report and pay the sales tax on
Line 1 Gross Price of Tangible Personal Property - Enter
tangible personal property (other than resale inventory)
the gross purchase price of the tangible personal
acquired as part of the purchase of an existing retail business.
property acquired from the prior retail owner, including
inventory, furniture, fixtures, and other equipment.
Sale and Purchase of a Retail Business
Do not include the price paid for any buildings, land,
Anyone who purchases an existing retail business
receivables, good will, or other types of property.
must withhold from amounts paid to the seller sufficient
purchase money to cover any and all outstanding taxes
Line 2 Inventory - Enter the purchase price paid for any
the seller owes until the seller provides a tax status letter
resale inventory included on line 1.
from the Department showing that all taxes due have
Line 3 Line 1 less line 2 - Subtract line 2 from line 1. Enter
been paid. The seller may request a tax status letter by
amount on line 6 in all applicable columns.
submitting a completed form DR 0096 to the Department
Line 4 Location of Sale - Enter the county and city check
along with the required fee. The retailer purchasing the
the boxes of the applicable special districts for the
business assumes the liability for any sales taxes due,
location of the private residence at which the sale
but not paid by the prior owner.
was made.
If a retailer selling their business does not collect and
Line 5 Tax Rate - Tax rates can be found in Department
remit the required sales tax due for any tangible personal
publication Colorado Sales/Use Tax Rates (DR 1002).
property, other than inventory, transferred to the purchaser
Taxpayers can search for the applicable rates by
as part of the sale, the retailer purchasing the business
address at: http://Colorado.gov/Revenue/GIS/
assets assumes the liability for the unpaid tax. The retailer
who purchases the business may file this form DR 0155 to
Line 6 Net Taxable Sales for each Tax - Enter the amount
remit the sales tax due for the tangible personal property
from line 3.
acquired as part of the sale. The sales tax is due by the
Line 7 Sales Tax Due - Multiply the tax rate on line 5 by the
20th day of the month following the month in which the
net taxable sales on line 6 in each column.
business assets were sold.
Line 8 Penalty - If this return and remittance is postmarked
Other Business Purchases
after the due date, a penalty of 10% plus ½% per
If the business purchased was not a retail business, the
month (not to exceed 18%) is due. Multiply the
purchaser is liable for use tax on the purchase price paid
tax on line 7 by the applicable percentage to
for any tangible personal property acquired. Consumer
determine penalty.
use tax is reported on form DR 0252. If the business
Line 9 Interest - If this return and remittance is postmarked
purchased was located within a rural transportation
after the due date, interest is due. Interest rates
authority (RTA), the purchaser must also file form DR
can be found in FYI General 11. Multiply the
0251. For a list of RTA districts, their boundaries, and
tax on line 7 by the applicable interest rate to
the applicable tax rates, refer to Department publication
determine interest.
DR 1002 (Colorado Sales/Use Tax Rates). Taxpayers
can search for the applicable jurisdictions by address
Line 10 Total Each Tax - Add lines 7, 8 and 9 for each
at: http://Colorado.gov/Revenue/GIS/
applicable column.
Amended Returns
Line 11 Amount Owed - Total the amounts in each applicable
If filing a return to amend a previously filed return,
column. This is the amount due with your return.
mark the applicable box to indicate that the return is an
Payment Information
amended return. If a taxpayer needs to amend previously
Send a separate check with each return submitted. Include
filed returns for more than one filing period, a separate
the Social Security Number (SSN), Colorado Account Number
amended return must be filed for each filing period.
(CAN), or Federal Employer Identification Number (FEIN) on
The amended return replaces the original in its entirety
your check to ensure proper credit.
and must report the full corrected amounts, rather than
merely the changes in the amount of sales or tax due.
Sign and date the return and mail it with your payment to:
If the amended return reflects a decrease in tax from
Colorado Department of Revenue
the amount reported on the original return, file a Claim
PO Box 17087
for Refund (DR 0137) along with the amended return to
Denver CO 80217-0087
request a refund of the overpayment.
Retain a copy of this return for your records.
DR 0155 (07/20/21)
COLORADO DEPARTMENT OF REVENUE
Service Center Section
PO Box 17087
Denver CO 80217-0087
Tax.Colorado.gov
Sales Tax Return for Unpaid Tax
from the Sale of a Business
SSN 1
SSN 2
FEIN
Due Date
(MM/DD/YY)
Last Name or Business Name
First Name
Middle initial
Address
City
State
ZIP
Phone Number
Colorado Account Number (XXXXXXXX-XXXX)
Period
(MM/YY-MM/YY)
Mark here if this is an Amended Return
Gross Sales
00
1.
Total $ amount of merchandise purchased on which tax was paid at the time of purchase
00
2.
Line 1 less line 2 (Enter this amount on line 6 in all applicable columns)
00
3.
State
RTD/CD
Special District
County/MTS
City/LID
County Name
City Name
MHA
RTA
PSI
Colorado
RTD
CD
MDT
HSD
Location of Sale
4.
Tax Rate
State Sales Tax Rate
RTD/CD Tax Rate
Special Dist Sales Tax Rate County Sales Tax Rate City Sales Tax Rate
5.
(indicate
the appropriate tax
rate for the location
.029
on line 4)
Net Taxable Sales
6.
for each Tax
00
00
00
00
00
Sales Tax Due
7.
(tax rate x line 6)
00
00
00
00
00
00
00
00
00
Penalty
00
8.
Interest
00
00
00
00
00
9.
Total Each Tax
10.
(add lines 7, 8, & 9)
00
00
00
00
00
The State may convert your check to a one time electronic banking transaction. Your bank account
may be debited as early as the same day received by the State. If converted, your check will not be
returned. If your check is rejected due to insufficient or uncollected funds, the Department of Revenue
Amount Owed $
.00
11.
may collect the payment amount directly from your bank account electronically.
I declare under penalty of perjury in the second degree, that the statements made herein are true to the best of my
knowledge and belief.
Signature
Date
(MM/DD/YY)
Mail to and make checks payable to:
Colorado Department of Revenue
Service Center Section
PO Box 17087
Denver CO 80217-0087
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