The Colorado state legislature did the unthinkable in 2020; it detached the Colorado tax base from the Internal Revenue Code (IRC) by specifically decoupling from several provisions in the federal CARES Act. In addition, the Colorado Department of Revenue issued an emergency regulation providing that the state’s rolling conformity to the IRC applies only on a prospective basis. In short, preparing Colorado income tax returns are more complicated than ever before.
The new legislation and regulations will impact every business that does business in Colorado. In this 2-hour seminar Bruce Nelson will introduce you to the mechanics and application of these new 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:
Anyone looking for an update on Colorado income tax changes.