The 2011 Colorado individual income tax forms have been changed to help avoid common errors and omissions which result in letters or billing notices from the department. The Colorado Department of Revenue hopes that these improvements will assist tax professionals and taxpayers to submit accurate returns. Another easy way to avoid omissions is to file income tax electronically either through Revenue Online or other online tax services or software. Click below for an outline of some of these improvements.

Tuesday, Jan. 17, marks the start of tax season, as the IRS opens up its system to accept e-filed individual tax returns. It will also start accepting returns through its Free File program on Tuesday. Unlike last year, when the start of tax season was delayed for some taxpayers by last-minute tax law changes, this year the IRS will be accepting all individual returns when it opens up its e-filing system.
The filing deadline for 2011 Forms 1040 is April 17 because April 15 falls on a Sunday and April 16 is Emancipation Day, a legal holiday in the District of Columbia, which by federal law affects federal tax deadlines in the same way a federal holiday would (T.D. 9507).
Click here for the full article from the Journal of Accountancy.

The Colorado Avalanche has invited the CSCPA once again to be VIPs for their February 2nd Game against the Minnesota Wild. Don't miss one of the biggest events of the year! Friends, Family, Co-Workers and clients are welcomed too! Click here for more information.

Women have been made significant contributions to Colorado’s CPA profession ever since 1913 when Emma Manns became the first woman CPA in the state. Now, 99 years later, in conjunction with the AICPA Women’s Initiative Committee, the CSCPA is holding its first Women to Watch Awards. There are two nomination categories: CPA Experienced Leaders: Women who have made notable contributions to the accounting profession, their organizations, and the development of women as leaders; and CPA Emerging Leaders: Women who have demonstrated characteristics that will enable them to become leaders in the profession. More details on the criteria can be found here. Click here for the nomination form. Deadline for nominations is Feb. 17, 2012.

In the 2011 fiscal year, the Educational Foundation of the Colorado Society of CPAs awarded $69,000 in scholarships to deserving Colorado accounting students, thanks to the generosity of CSCPA members, firms, and others.

This year we raised the scholarship amount from $2500 to $3000 to make a more significant difference to deserving students.  In these tight economic times that $3000 scholarship means more than ever to both students and parents.

Won’t you please consider a contribution to the Educational Foundation of CSCPA as you begin your year-end financial planning?  You can contribute online by going to the Educational Foundation webpage. Once there, login using your member ID and password, and click “To make a contribution to the Educational Foundation, click here.”  Complete the billing information form and “send.”  You may also mail a check to us at Education Foundation of the CSCPA, 7979 E Tufts Ave., Ste 1000, Denver, CO  80237.

25% off the 2012 U.S. Master Tax Guide

Reserve your copy of the industry’s leading tax guide early, and save!   Provides helpful and practical guidance on today's federal tax law. This 95th Edition reflects all pertinent federal taxation changes that affect 2011 returns and provides fast and reliable answers to tax questions affecting individuals and business income tax.

To order, visit your CCH partner page at CSCPA Members CCH Book Specials.

If you have questions, please call Susan Vachereau at (303) 741-8605 or (800) 523-9082, ext. 105.

These individuals have applied for CSCPA membership. Comments should be received by January 31, 2012.