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Colorado State Income Tax (COSIT) - DR0004 filing

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Summary

How to record COSIT form DR0004 allowance amounts in Sage 50 Accounting.

Description

Employees subject to Colorado SIT who have filed the DR0004 will need to have the submitted value in the Special 4 Allowances field.

Resolution

To record the amount the employee has submitted on the CO DR0004 form, follow the instructions below.

  1. Open the employee record by clicking Maintain, Employees/Sales Reps. Select the employee record from the Employee ID drop-down.
  2. Select the Withholding Info tab.
  3. Enter the amount recorded on the CO DR0004 in the Special 4 Allowances field.
  4. Click Save from the top toolbar to save the changes to the employee record.