Taxes

Colorado income tax filing deadline extended, emergency economic council created

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Colorado taxpayers will get an extension in the state income tax filing deadline because of the coronavirus outbreak.

Governor Jared Polis announced at a Friday news conference that he was extending the deadline 90 days until July 15, "without penalty, without interest."

"That includes all filers, small businesses, all individuals - all filers," he said.  

"Colorado has 2.5 million taxpayers including individuals and businesses and we hope this gives them one less thing to worry about in the midst of this crisis," Polis added.  

IRS warns of ‘ghost tax preparers’ who could get taxpayers fined, arrested

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By Cole Lauterbach | The Center Square

The Internal Revenue Service is warning of "ghost" tax preparers who promise big returns.

As the tax-filing season begins, the IRS said some tax preparers are promising bigger returns that might seem tempting. 

"They may invent income so that you qualify for tax credits, they may claim fake deductions so that you qualify for a larger refund," IRS spokesman Michael Devine said.