Colorado issues regs on filing extensions after natural disasters

Due to natural disasters or for other reasons, the Colorado Department of Revenue has issued a regulation clarifying the circumstances under which the Executive Director may authorize extensions of time for taxpayers to file state tax returns, including, but not limited to, state income tax returns, sales tax returns, or returns for any other tax administered by the department. In exercising that discretion, the Director must consider whether the IRS has authorized an extension for filing federal income tax returns due to natural disasters or for other reasons, whether similar hardships have occurred in the state of Colorado, and any other good cause. Any extension of time authorized pursuant to this rule must be announced on the department’s website. (Reg. 39-21-112(1), Colorado Department of Revenue, effective May 30, 2014.)

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