ALERT
The Colorado Department of Revenue has identified an issue in their system that is causing them to send out potentially incorrect notices regarding proposed adjustments to 2022 CO tax returns.
Many of these involve state adjustments to federal taxable income for things like social security, charitable contributions, 529 CollegeInvest contributions, QBI (Qualified Business Income) and several other items. CO is aware of this and is investigating to determine the nature of the underlying issue.
Colorado is suggesting the taxpayer still responds to any letter received. However, in the case of these 2022 notices that might be suspect, they ask an email be sent to dor_discovery@state.co.us with the following data
- Name of taxpayer
- Notice number ID
- The taxable period involved (2022)
- A statement or brief description summarizing the reasons the proposed tax is not due.
If further support or attachments are needed, the Discovery Team will request them. If nothing is needed and the letter was issued in error, a follow-up letter will be sent to the taxpayer indicating the issue has been resolved.
As your CPA, we can assist with this. If not done so already, please get us a copy of the letter you received from CO. We will then file the response with the Discovery Department on your behalf.
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