Colorado taxpayers impacted by Hurricane Ian now have until February 15, 2023, to file various individual and business tax returns and make tax payments, the Colorado Department of Revenue announced today. This decision mirrors the IRS decision to provide similar relief at the federal level.
Individuals and households affected by Hurricane Ian that reside or have a business anywhere in the state of Florida qualify for tax relief. The decision permits the Colorado Department of Revenue to postpone certain tax-filing and tax-payment deadlines for taxpayers who reside or have a business in the disaster area. Deadlines falling on or after September 23, 2022, and before February 15, 2023, are postponed through February 15, 2023 for impacted taxpayers.
Impacted individuals who had an automatic extension to file their 2021 return, due on October 17, 2022, will now have until February 15, 2023, to file. This extension does not relieve the taxpayer from penalties and interest, as tax payments related to the 2021 return were due on April 18, 2022. Affected taxpayers who miss the deadline to claim their Colorado Cash Back credit may notify the Department of Revenue by filing out and submitting the DR 1702.
Colorado agrees to honor any waiver of interest granted by Florida for affected International Fuel Tax Agreement (IFTA) motor carriers based in Florida if payments are received by the extension deadline. Affected Colorado sales tax licensees who file and pay by the extension deadline of February 15, 2023, will still be considered as "timely filing" and eligible for any vendor fee (discount) that applies.
CDOR exemptions do not apply to home-rule jurisdictions who collect their own taxes. CDOR will not automatically apply this tax deadline waiver. Affected taxpayers who reside or have a business located in the covered disaster area must call the tax information hotline at 303-238-SERV (7378) Monday through Friday from 8 a.m. to 4:30 p.m. to request the extended deadline after they receive a bill.