Colorado DOR Announces Stakeholder Workgroup Meeting on Income Tax Regulations Concerning Net Operating Losses

The Colorado Department of Revenue (DOR) Nov. 5 announced that it will convene a stakeholder workgroup on Dec. 7 to discuss the drafts of corporate income, trust income, and individual income tax rules on net operating losses. This stakeholder workgroup meeting will be conducted entirely by telephone and video conference. To aid in the process of soliciting public comments, the DOR prepared draft rules to clarify net operating losses allowed to: 1) individuals, estates, and trusts and any addition they may be required to make for losses not allocated to Colorado; and 2) C corporations, including the carryforward of net ...