Colorado Department of Revenue Archives - John R. Dundon II, Enrolled Agent

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Colorado Department of Revenue

09 Nov Colorado Tax Laws Updated for 2022-23

Posted at 19:54h in Colorado Department of Labor & Employment, Colorado Department of Revenue, Colorado Department of Revenue|Colorado Income Tax, Colorado Department of Revenue|Colorado Income Tax|Composite Tax Return|Partnership|Sub-chapter S, Colorado Department of Revenue|Colorado Income Tax|Sales Tax|Uncategorized|Use Tax, Colorado Department of Revenue|Sales Tax|Use Tax, Colorado Income Tax, Colorado Retail Delivery Fee, Colorado Sales Tax, Colorado SALT Parity Act, Colorado Sick Leave, Tax Reform

The Mile High-ER state...

28 May Colorado’s NEW Retail Delivery Fee (RDF) – Are YOU Ready?

Posted at 11:58h in Colorado Department of Revenue, Colorado Retail Delivery Fee, Colorado Sales Tax

The Californication of Colorado Continues...

12 May Colorado Tax Legislation Update

Colorado Tax Legislation Update As the Chair of the Government Relations Committee for the Colorado Society of Enrolled Agents outreach to legislators was provided on bills moving through the process this session as they pertained to matters of taxation. With special thanks to Heidi Morgan of Wagner...

05 Jan Colorado Tax Law Update 2022

Posted at 20:04h in Colorado Department of Revenue, Colorado Department of Revenue|Colorado Income Tax|Sales Tax|Uncategorized|Use Tax, Colorado Income Tax

Colorado tax law update 2022 starts with the recently enacted 3 new tax laws containing multiple corporate and individual income tax changes. H.B. 21-1311- Income Tax H.B. 21-1327 – State & Local Tax Parity Act for Business H.B. 20-1420 - Adjust Tax Expenditures For State...

29 Jun The Tax Fairness for Coloradans package — is Coal Dead in Colorado?

The Tax Fairness for Coloradans package – is coal dead in Colorado? This is one of many questions arising out of HB21-1311 (Income Tax) and HB21-1312 (Insurance Premium Property Sales Severance Tax), combined legislation that expanded tax credits for working families and small businesses but hurt the coal...

17 Jan Nonresident Partners and Shareholders of Colorado Partnerships and S Corps

Posted at 00:00h in Colorado Department of Revenue, Colorado Income Tax, Composite Tax Return, Partnership, Sub-chapter S

The Colorado Department of Revenue 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 post breaks...

23 Jan Colorado Filing Processes – the Good, Bad & Ugly

Posted at 00:00h in Colorado Department of Revenue, Colorado Income Tax

Mostly Ugly. Colorado is the Wild, Wild West in many things - including taxing authority....

11 Mar Business Taxes Due Next Week – AVOID PENALIZATION – File An Automatic Extension Request TODAY – IRS Form 7004

Posted at 00:00h in Basis, Business Expense, Business Income, Colorado Department of Revenue, Corporation, Cost Basis, Extension, Partnership, Penalty, Sub-chapter S, Tax Deductible Expenses, Tax Guidance & Preparation, Taxable Income

The Business and Partnership Tax deadline is coming up fast! Don’t sweat it! File IRS Form 7004 to apply for Automatic Extension of Time to File Certain Business Income Tax. If you happen to be compelled, feel welcome to check out the instructions for IRS Form 7004. If you...

02 Mar How Professional Athletes Attribute “Rest Days” for State Income Tax Purposes: A Major Controversy Brews

Posted at 00:00h in Church Pastor Religion, Colorado Department of Revenue, Professional Athlete

Many young professional athletes and their less than experienced managers are learning for the very first time that the money "earned" PLAYING or competing is subject to income tax both at the federal level AS WELL AS AT THE STATE LEVEL WHERE THEY ARE PERFORMING or...

17 Jan IRS Stakeholder Liaison Meeting Summary – Denver January 2012

Posted at 00:00h in Business Expense, Colorado Department of Revenue, Intent To Levy, Intent To Lien, International Tax, IRA, IRS Appeal, IRS Audit, IRS Centralized Insolvency, IRS Collections, IRS Enforcement, IRS Examination, IRS Levy, IRS Lien, IRS Mediation, IRS Penalties, IRS Penalty and Interest Abatement, IRS Transcript, Marijuana, Medical Expenses, Offshore account, PTIN, Retirement

Attached is the summary of the IRS Stakeholder Liaison Meeting I attended on January 4th 2012 in Denver, Colorado as produced by Deborah Rodgers of the IRS. Some interesting insights were revisited. The most provocative discussion surrounded the comments made by Matthew Houtsma of District...