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Recent Colorado Income Tax Developments*

Description

*Or, Bruce tries to make sense of it all.

In 2020 the Colorado state legislature 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.

House Bill 21-1002 amended the SALT Parity Act retroactively to 2021. Register for this course to understand the impact of this bill.

Have a question you would like Bruce to answer during this seminar? Click here to submit questions.

Learning Objectives
  • To understand Colorado’s new legislation and regulations decoupling the state tax base from the IRC.
  • Review the new changes and their application
  • Distinguish between the IRC and Colorado’s treatment of net operating losses, business interest limitation, qualified improvement property, and the excess business loss limitation.
  • Learn how to apply the new statutory and regulatory changes to individual and business tax returns.
  • Colorado’s new legislation on net operating losses
  • The impact of the Department’s regulation on the state’s rolling conformity
  • Application of the CARES Act’s specific provisions to Colorado returns
  • An explanation of the SALT Parity Act and its retroactive application.
Major Topics
  • Colorado’s new legislation on net operating losses
  • The impact of the Department’s regulation on the state’s rolling conformity
  • Application of the CARES Act’s specific provisions to Colorado returns
  • The SALT Parity ACT
Provider
Colorado Society of CPAs
Course Level
Update
CPE Field of Study
Tax
4
Who Should Attend

Anyone looking for a State and Local Tax Update.

Instructor(s)
Bruce Nelson
Prerequisites

None

Advanced Preparation

None.

Location
Webcast
Event Information
When
Sep 27, 2022
8:30 am - 12:10 pm MST
Location
Webcast
Total CPE Credits
4
Format
Webcast

MEMBER


$ (% off)
$185.00

NON-MEMBER


$ (% off)
$264.00
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Register for this Event

Recent Colorado Income Tax Developments*


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