Craig briefs: Colorado gas prices stay in holding pattern
July 8, 2014
Average retail gasoline prices in Colorado have not changed in the past week, averaging $3.60 per gallon Sunday, according to GasBuddy’s daily survey of 2,158 gas outlets in Colorado. The calculation compares with the national average that dipped 2.3 cents per gallon in the last week to $3.65 per gallon, according to gasoline price website http://www.gasbuddy.com.
Including the change in gas prices in Colorado during the past week, prices at the beginning of the week were 4.8 cents per gallon higher than the same day one year ago and are 13.2 cents per gallon higher than a month ago. The national average has dipped 0.7 cents per gallon during the last month and stands 17.5 cents per gallon higher than this day one year ago.
“The national average has started a nice downward trend, even as motorists were hitting the road for July 4,” Gas Buddy Senior Petroleum Analyst Patrick DeHaan said in a statement.
“Yes, gas prices were some of the highest July 4 prices we’ve seen since 2008. They drifted downward in many communities as the holiday approached. Over the last week, the national average has fallen almost 4 cents per gallon — a trend that could continue with an absence of hurricanes or disruptions from Iraq. Gas prices over the next few weeks could fall more than 10 cents per gallon should the aforementioned situations remain quiet, which is most welcome as the peak of the summer driving season comes into focus,” DeHaan said.
Taxpayers must pay balance due on 2013 income tax
More than 90,000 taxpayers who filed their 2013 income tax return had a balance due on their return, according to a press release from the Department of Revenue.
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Those who did not submit a payment will receive a balance due notice in the mail during the next few weeks. The DOR issues such bills annually, after the April income tax deadline returns are processed. In all cases where payment has not been made, penalty and interest is charged on the amount due. When the balance due notice is received, taxpayers have the option of paying the full balance due or setting up an installment plan.
How to pay a balance due
If the taxpayer wishes to pay the full balance due, payment must be made by the due date printed on the balance due notice to avoid additional late fees. Partial or full payment by e-check or credit card accepted through Revenue Online at http://www.colorado.gov/revenueonline.
How to set up a payment plan (Agreement To Pay, or ATP)
To pay online, visit http://www.colorado.gov/revenueonline or taxpayers can contact the Tax Auditing and Compliance Division by telephone or 303-205-8291 (this is the only office that can assist you in setting up an ATP).
Once the department receives the request, monthly payment coupons are mailed to the taxpayer's address on file within seven to 10 business days. ATPs are for first-time balance dues. If there is an existing balance due on file you must, call the number above to make arrangements.
If the taxpayer is currently in an active income tax payment plan or bankruptcy plan with the department and receives an income tax billing notice, no further action is required.