Protective assessment claim

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Subject Author Date Protective assessment claim Bruce 10-14-2009  Re: Protective assessment claim paulthomascpa 10-15-2009
Posted by Bruce on October 14, 2009, 6:47 pm Please log in for more thread options The State of Colorado is concerned that they might lose in a certain case they are litigating (Noble Energy). So they have issued assessments to Colorado taxpayers who have been filing "correctly," i.e., the way the state says they should have been filing. In other words, instead of a taxpayer filing a protective refund claim pending the outcome of certain litigation, the state is filing protective assessment claims. It is ironic to get an assessment for filing returns based on a position that the state of Colorado claims is the correct interpretation. Has anyone ever heard of another state doing that? -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by paulthomascpa on October 15, 2009, 8:28 am Please log in for more thread options > The State of Colorado is concerned that they might lose in a certain > case they are litigating (Noble Energy). So they have issued > assessments to Colorado taxpayers who have been filing "correctly," > i.e., the way the state says they should have been filing. In other > words, instead of a taxpayer filing a protective refund claim pending > the outcome of certain litigation, the state is filing protective > assessment claims. It is ironic to get an assessment for filing > returns based on a position that the state of Colorado claims is the > correct interpretation. Has anyone ever heard of another state doing > that? I'm not following the case, so help me with the logic for a second. Colorado might lose a case in which they get to collect more taxes? And they're fighting this, why? -- Paul Thomas, CPA www.paulthomascpa.com -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted Escape Assessment January 30, 2007, 11:31 am Client has a substantial assessment but I can't get a straight answer as to whether it is in CNC status or waiting to be assigned to a Revenue Officer June 9, 2008, 12:44 pm can i claim my gf? February 5, 2007, 1:12 am can he claim? February 8, 2007, 7:58 am Claim settlement ? ? ? November 14, 2007, 1:39 pm Stimulus claim April 5, 2008, 4:45 pm LLC expenses- where to claim? January 30, 2009, 5:41 pm How claim phone tax credit? January 30, 2007, 11:31 am Regarding whether or not my father can claim me as a dependent. March 4, 2007, 9:09 pm How to claim stock loss? April 12, 2007, 12:06 am