Income 54: Nonresident Partners and Shareholders of Partnerships and S Corporations

The Colorado Department of Revenue¬†has finally revised its guidelines in FYI Income 54¬†regarding people who do not live in Colorado but are partners and/or shareholders of partnerships and/or S corporations in Colorado, ensuring that pass-through entities pay Colorado income tax on their Colorado-source income. This #EnrolledAgent says #AboutTime! According to the revised guidelines, this requirement…

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