The Ohio Department of Taxation is offering amnesty from Jan. 1 to Feb. 15, 2018 to individual and business taxpayers.
ODT has launched a statewide campaign to raise awareness of the amnesty. Ohio Tax Commissioner Joe Testa kicked off the effort Nov. 10 by discussing the issue with attendees at OSCPA’s Columbus Accounting Show.
The Department of Taxation will offer amnesty on the following:
- Individual taxes
- School district income taxes
- Employer withholding taxes
- Employer withholding for school district income taxes
- Pass-through entity taxes sales tax
- Use taxes
- Commercial activity
- Financial institutions
- Cigarette and other tobacco products
- Alcoholic beverage
Amnesty is available only for taxes that were due and payable as of May 1, 2017, and still remain underreported or unreported. Those who fully pay qualifying tax delinquencies will owe no penalties and only half the interest normally charged. The program does not apply to any tax for which a notice of assessment or audit has been issued, for which a bill has been issued, that relates to a still-open tax period, or for which an audit has been conducted or is pending.
Taxpayers can learn more and determine eligibility at www.OhioTaxAmnesty.gov; or by calling 800-304-3211.
This article appears courtesy of the Ohio Society of CPAs Community News published Nov. 16, 2017.