Colorado Income Tax – Current Developments, Problem Areas, and Opportunities

Description

Earlier this year, the Colorado Department of Revenue released 55 pages of new regulations regarding sales apportionment for the state’s income tax sales factor.  The new regulations will impact every business that apportions its income among more than one state. In this 4-hour seminar Bruce Nelson will introduce you to the mechanics and application of these apportionment rules.  Using concrete examples, you will gain an understanding of both the theory behind the latest developments and acquire an understanding of how these changes specifically impact your clients or your company.

After completing this presentation, you will be able to:

  • Describe how the new apportionment regulations impact your specific business or client.  
  • Understand the new terminology introduced by the statute and used in the new regulations.
  • Distinguish between sourcing sales of services and sales of tangible personal property.
  • Distinguish between apportionable and nonapportionable income.
  • Work through specific applications of the new law and regulations.
Learning Objectives
  • To understand Colorado’s new rules for sourcing sales for income tax apportionment
  • Review the new definitions and their application
  • Distinguish between business and nonbusiness income, its new terminology and application
  • Learn how to apply the new apportionment rules to different types of sales including sales of property, services, intangibles, and capital gains.
Major Topics
  • Colorado’s new sales factor apportionment regulations
  • Apportionable and nonapportionable income
  • Application of the transactional and functional tests in defining apportionable income
  • Sourcing sales of intangibles, professional services, and capital gains
Provider
COCPA
Course Level
Update
CPE Field of Study
Taxes
4
Who Should Attend
Any accountants, attorneys, or tax preparers in both public practice and industry who are responsible for filing sales and use tax returns
Instructor(s)
Bruce Nelson
Location
 
Durango Public Library
1900 E 3rd Ave
Durango, CO 81301 US
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When
Jun 20, 2019
12:30 pm - 4:00 pm MDT
Location
Durango Public Library
1900 E 3rd Ave
Durango, CO 81301 US
Total CPE Credits
4
Format
In-Person
Instructor
Bruce Nelson

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Colorado Income Tax – Current Developments, Problem Areas, and Opportunities


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