Ideas & Insights

A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending March 31, 2021.

Colorado enacts law restoring certain deductions related the to the CARES Act for both business and individual taxpayers.

The state will decouple from CARES Act net operating loss, interest expense and excess business losses provisions.

Colorado adopts RUUPA with minor variations; shortens dormancy for many property types, and eliminates the standard deduction.

Digital Marketing Associations (DMA) Colorado sales and use tax notice and information reporting saga ends in settlement.

Colorado department responds to taxpayer’s request in determining LLC filing responsibilities.

Colorado trial court rules that a holding company with no property or payroll of its own could not be included in its parent’s combined group.

Colorado DOR finds that a company’s sales of enterprise electronic messaging services to Colorado customers are not subject to sales and use tax.

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Stay up to date on the frequent changes related to Colorado’s out of state seller use tax regulations.

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