Colorado – Tax Filing and Payment Relief Granted for Flood Victims

SALT Report 2978 – The Colorado Department of Revenue announced that they are extending filing deadline for taxpayers affected by the recent floods.  The extension applies to corporate and personal income, partnership, fiduciary, withholding, sales, and excise taxes.

The notice states that the Department generally follows the IRS’s criteria for extending filing deadlines due to natural disasters.  However, because of the nature and scope of the Colorado flooding, the Department is taking additional measures to assist taxpayers.  Therefore, taxpayers who have been directly impacted by the flood, and as a result cannot file their tax returns by the required due date, the Department will extend the filing deadline for 30 days and will not impose any late penalties or interest.

For Further Information

Colorado Department of Revenue – Notice