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Lev
Lev, Tax Preparer
Category: Finance
Satisfied Customers: 28988
Experience:  Personal Investment, Tax Preparation
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I'm a Contract provider, and I was wondering about section

Customer Question

I'm a Contract provider, and I was wondering about section 131,.
I contract for starpoint. in salida Colorado.
I provide a place to live food serveses like med admenster cooking. alaround stuff
Submitted: 1 year ago.
Category: Finance
Expert:  Lev replied 1 year ago.

What specific question do you have regarding section 131?

Customer: replied 1 year ago.
is 131 stell in affect in colorado
Expert:  Lev replied 1 year ago.

If you meant federal statute - section 131

that is in effect in ALL states including Colorado.

Expert:  Lev replied 1 year ago.

Here is that section

https://www.law.cornell.edu/uscode/text/26/131

(a) General rule

Gross income shall not include amounts received by a foster care provider during the taxable year as qualified foster care payments.

Let me know if that what you are asking about?