The geography of Colorado state sales tax and income tax have undergone dramatic changes in the past two years. First, sales tax nexus and sourcing were turned upside down in HB19-1240. Then the state legislature decoupled the state tax base from the CARES Act (HB20-1024 and 1420) at the same time the Department of Revenue held by regulation that federal tax changes apply only prospectively. And if that wasn’t enough, on January 15, 2021 the state legislature enacted new legislation reversing some of the changes from 2020 in HB21-1002. Confused? We all are.
In this 3-hour seminar Bruce Nelson will pull all the changes together and reduce that confusion. By integrating both the “big picture” and the specifics, you will gain an understanding of both the theory and practice behind these latest developments.
After completing this presentation, you will be able to:
Any accountants, attorneys or tax preparers in both public practice and industry who are responsible for filing sales and use tax returns.