| Notice Filed with SOS |
03/27/2025 |
| Rule |
ProposedRuleAttach2025-00130.pdf
|
| Additional Information |
AddInfoAttach2025-00130.doc
|
| Statutory Authority |
39-21-112(1) and 39-22-601.5, C.R.S. |
| Description of Subjects/Issues |
The purpose of this new rule is to provide guidance regarding reporting and payment requirements established for partnerships and partners relating to federal adjustments. The rule:
defines certain terms used therein;
establishes reasonable qualifications and procedures for designating a person other than the federal partnership representative to be the state partnership representative;
identifies the required format for filing the Partnership Federal Adjustments Report;
clarifies and details requirements for reporting partners shares of federal adjustments, including the partner notification requirements a partnership must satisfy and the amended returns that partners must file;
articulates rules applicable to tiered partners and indirect partners;
provides guidance regarding partnership elections to pay an amount in lieu of tax on its partners;
prescribes the treatment of estimated tax payments remitted by partners and partnerships for additional tax resulting from federal adjustments; and
explains the timing, deadlines, and applicability of requests for alternative reporting and payment methods. |
| Comments |
This hearing will be conducted virtually and will be recorded. Those interested in
attending the hearing must register to participate virtually by using this link:
https://us02web.zoom.us/meeting/register/fkGUnqQhQg25qx-LTPm15Q The
Department encourages the public to participate through video conference
because of the additional participation features it provides. Participants are
welcome to use a webcam to appear by video but can also leave their video
camera off. Parties wishing to attend or participate by teleconference should
connect as follows: Phone Number: 1 (669) 900-6833 Meeting ID: 853 6688 0810 |
| Submitted in response to issues raised by COLS/OLLS? |
|
| Is this rule adopted in response to recent legislation? |
|
| Hearing Date |
05/08/2025 |
| Hearing Time |
10:00 AM |
| Hearing Location |
Virtual Hearing - See Comments |
| Contact Name |
Josh Pens |
| Contact Title |
Director |
| Contact Telephone |
3038665627 |
| Contact email |
dor_taxrules@state.co.us |