article thumbnail

State Pass-Through Entity Tax Updates: September 2023

Cherry Bekaert

Colorado The Colorado Department of Revenue (DOR) recently created an informational section on its website specifically for the state’s pass-through entity (PTE) Tax election. These can be filed online through a taxpayer’s Revenue Online account beginning September 1, 2023, and until June 30, 2024.

article thumbnail

How to File Income Tax Return: Tax Filing Preparation Guide 2022

Snyder

States with flat income tax : Colorado Illinois Indiana Kentucky Massachusetts Michigan North Carolina Pennsylvania Utah. Step 1: Collect accounting records. The biggest challenge here is to reconcile this data with reports from your checking bank account. This is when online accounting tools can really help.