New “Economic Nexus” in Washington State May Impact Franchisors

The following notice was released by the Washington Department of Revenue. Background Effective June 1, 2010, Washington State’s new economic nexus standard goes into effect. The economic nexus standard may be met without a physical presence in Washington. Under the new economic nexus standard, franchise fees, royalty income, and other income from Washington, could become … Continue reading

Request for Comments on Emergency Regulations Covering Elimination of Certain Sales/Use Tax Exemptions

The Colorado Department of Revenue will issue emergency regulations regarding the following topics: Sales tax exemption eliminated for sales of energy used in manufacturing, processing, and the other enumerated uses occurring on or after March 1, 2010 and before July 1, 2012 Sales and use tax exemptions eliminated for nonessential articles and containers for food … Continue reading

Update on the Colorado Department of Revenue – January 27, 2010

Many thanks to those of you who provided examples of issues you’ve encountered with the Colorado Department of Revenue. On January 12, CSCPA CEO Mary Medley and CSCPA member Bruce M. Nelson, also a tax instructor in the CSCPA CPE program, met with Colorado Department of Revenue Executive Director Roxy Huber, Deputy Director Tim Weber, … Continue reading

DOR Computer Change Halts Refunds

A Colorado DOR computer upgrade that began September 1 and will run through October 31 will delay the processing of some tax returns and refunds during this time. The new upgraded computer system is scheduled to be up and running the first week of November. Here is the Colorado DOR’s announcement: Attention Tax Professionals The … Continue reading