DR 0205 (11/21/22)
                                                COLORADO DEPARTMENT OF REVENUE
                                                Tax.Colorado.gov
*DO=NOT=SEND*

           Tax Year Ending Computation of Penalty Due Based on 
           Underpayment of Colorado Corporate Estimated Tax
                                                Instructions
Part 1: Generally you are subject to an estimated tax           Part 3: Compute the penalty on lines 10 through 22 of 
penalty if your current year estimated tax payments are not     DR 0205. Complete each column before going to the next 
paid in a timely manner. The estimated tax penalty will not     column. The dates to be entered on line 10 are the 15th 
be assessed if the Colorado tax liability is less than $5,000.  day of the fourth, sixth, ninth and twelfth month of the 
Part 2: The required annual amount to be paid is the lesser of: taxable year. Large corporations must complete line 11 
                                                                based on the computations from line 9 or, if calculating 
1. 70% of actual net Colorado tax liability, or 
                                                                estimated payments using the annualized installment 
2. 100% of preceding year's Colorado tax liability only         method, line 29.
applies if:
                                                                  Corporations filing for a short tax year must adjust lines 
  ● The preceding year was 12-month tax year, and                 9, 10 and 11 accordingly. For more information about 
  ● The corporation filed a Colorado return, and                  filing for short tax years, see the Corporate Income Tax 
                                                                  Guide, available at Tax.Colorado.gov 
  ●   The corporation is not defined under section 6655 of 
    the federal IRS code as a large corporation.*               Part 4: Taxpayers who do not receive income evenly 
                                                                during the year may elect to use the annualized income 
*Large corporations can base their first quarter estimated 
                                                                installment method to compute their estimated tax payments 
tax payment on 25% of the previous year's tax liability. 
                                                                if they elected annualized installments or adjusted seasonal 
However, future payments must be based on the actual 
                                                                installments for the payment of their federal income tax. 
tax liability for the current tax year and any underpayment 
                                                                Complete the annualized installment method schedule to 
occurring in the first quarter as a result of this estimation 
                                                                compute the amounts to enter on line 11.
must be paid with the second quarterly payment.

                 This form should be included with your completed DR 0112 form.
           Visit Tax.Colorado.gov for additional information regarding the estimated tax penalty.

                                     DR 0205 (11/21/22)
                                     COLORADO DEPARTMENT OF REVENUE
                                     Tax.Colorado.gov
*220205==19999*                      Page 1 of 2

        2022 Tax Year Ending Computation of Penalty Due Based on
               Underpayment of Colorado Corporate Estimated Tax

Corporation Name                                                                        Colorado Account Number

Part 1 — Exception
1. Enter the current year tax liability including any credit recapture after reduction for all 
   credits other than estimated tax and withholding tax payments                                 $

2. Statutory exemption                                                                           $             5,000.00

3. Subtract line 2 from line 1. If line 2 is larger, enter zero and no penalty is due.           $
Part 2 — Required Annual Payment
4. Enter the current year tax liability (including any credit recapture) after reduction for all 
   credits other than estimated tax and withholding tax payments                                 $

5. Enter 70% of the amount on line 4                                                             $
6. Enter the previous year Colorado tax liability (including any credit recapture) after 
   reduction for all credits other than estimated tax and withholding tax payments. If you 
   did not file a previous year Colorado return, enter the amount from line 5 here and on 
   line 7                                                                                        $

7. Required payment. Enter the smaller of lines 5 or 6                                           $
8. Does the taxpayer qualify as a large corporation under section 6655 of the federal IRS code?

           Yes      No      If yes, go to line 9. If no, skip to line 10

9.  (a) Enter 25% of line 5                                                                      $

   (b) Enter 25% of line 6                                                                       $
   (c)  Subtract line 9(b) from line 9(a). If line 9(b) is larger, enter 0 on this line.
   1. Enter the smaller of lines 9(a) or 9(b) on line 11 in column 1
   2    . Enter the total of lines 9(a) and 9(c) on line 11 in column 2 
   3. Enter the amount from line 9(a) on line 11 in columns 3 and 4                              $

                                                    DR 0205 (11/21/22)
                                                    COLORADO DEPARTMENT OF REVENUE
                                                    Tax.Colorado.gov
*220205==29999*                                     Page 2 of 2
Corporation Name                                                            Colorado Account Number

Part 3 — Penalty Computation
                                                       Column 1         Column 2    Column 3         Column 4
10. Enter each quarterly payment due date in 
    each column to the right on this line
11. Divide the amount on line 7 by four or enter 
    the payments due from line 9 or 29              $                 $           $                 $

12. Amounts paid in estimated or withholding tax $                    $           $                 $
13. Overpayment (on line 15) from 
    preceding period                                                  $           $                 $

14. Total of lines 12 and 13                        $                 $           $                 $
15. Underpayment (subtract line 14 from line 11) 
    or <overpayment> (Subtract line 11 from line 14) $                $           $                 $
16. Date of payment or December 31, current 
    year, whichever is earlier
17. Number of days from due date of payment 
    to date on line 16
18. Underpayment on line 15 multiplied by 6% 
    for dates in 2022 or multiplied by 8% for 
    dates in 2023 multiplied by number of days 
    on line 17 divided by 365                       $                 $           $                 $
19. Date of payment or due date of return, 
    whichever is earlier
20. Number of days from December 31 or due 
    date of payment, whichever is later, to date 
    on line 19
21. Underpayment on line 15 multiplied by 6% 
    for dates in 2022 or multiplied by 8% for 
    dates in 2023 multiplied by number of days 
    on line 20 divided by 365                       $                 $           $                 $
22. Total penalty. Add all amounts on lines 18 and 21. Include this amount as estimated tax penalty 
    on line 37, DR 0112                                                                             $
Part 4 — Annualized Installment Method Schedule

23. Ending date of annualization period
24. Colorado taxable income computed through 
    the date on line 23                             $                 $           $                 $
                                                       4                2.4         1.5              1.091
25. Annualization Factor
26. Annualized taxable income. Line 24 
    multiplied by line 25                           $                 $           $                 $
27. Annualized Colorado tax. Line 26 multiplied 
    by 4.4%                                         $                 $           $                 $
                                                       17.5%            35%         52.5%            70%
28. Applicable percentage
29. Installment payment due. Line 27 multiplied by 
    line 28, subtract amounts entered on line 29 in 
    earlier quarters. Enter here and on line 11     $                 $           $                 $