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Withholding Taxes? Don’t Check the Mailbox.

by | 29 Jan | Uncategorized

Those withholding employer and/or school district taxes may have to change the way they file their annual forms from now on; it’s time to go electronic.

In an effort to cut costs, the Ohio Department of Taxation will discontinue mailing tax forms IT 501, IT 941, IT 3, SD 101 and SD 141 and related instructions to employers that have previously filed a return and/or made payment electronically for the associated withholding tax account via the Ohio Treasurer of State or the Ohio Business Gateway website, either directly or through a third-party payroll provider or tax preparer.

Instead, these employers are encouraged to file and pay withholding taxes electronically through the Ohio Treasurer of State (state income tax withholding) and/or Ohio Business Gateway (state and school district income tax withholding).Electronic filing/paying improves accuracy, expedites processing and helps reduce costs associated with processing paper forms and payments.

If you need paper forms or instructions, they are available at the Ohio Department of Taxation’s website or by the following direct link to the forms page:

http://www.tax.ohio.gov/forms/index.stm

Since 1938, Zinner has counseled individuals and businesses from start-up to succession. At Zinner, we strive to ensure we understand your business and recognize threats that could impact your financial situation.
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