The Ohio Department of Taxation announced they have begun a new process for registering new pass-through entities (PTE.) In the past, the department’s old computer system registered and created accounts for new PTEs upon the filing of their first return. One challenge with this process was that many PTEs made estimated payments prior to filing their first return.
In order to tie estimated tax payments to the correct, new account, the Department of Taxation has created a new registration form found here. The new form allows the Department to create an account and tie the estimated payments to the appropriate IT1140, IT4708, IT1041 filer.
This form should be submitted, along with your first estimated payment and corresponding universal payment coupon (UPC). If you have already filed your first estimated payment, but not filed your first return, you are advised to send in your registration form as soon as possible.
If you have questions or need assistance registering your new PTE, contact your Zinner professional.