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Ohio Tax Amnesty Program is in effect now

May 2, 2012

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The program will only run through June 15

For the first time in six years Ohio is offering a General Tax Amnesty Program for taxpayers who owe the state back taxes. Those who qualify will be able to pay what they owe without penalty while paying only half the interest due. However, taxpayers who fall into this category will have to move quickly as the program only runs through June 15, roughly a seven week period.

This program is for certain taxes that were unreported, underreported and remain unpaid. The timeframe for the taxes in question pertains to taxes that were due and payable as of May 1, 2011. In order to qualify for this amnesty program, taxes and interest must be paid in full by the deadline of June 15.

This program does not cover any tax for which a notice of delinquency, bill, assessment, or on which an audit by the Department is ongoing.

What qualifies?

Per the Ohio Department of Taxation (source: Ohio Department of Taxation website), the following items qualify for this amnesty program:

• Individual Income
• Individual School District Income
• Commercial Activity Tax (CAT)
• Sales and Seller’s Use*
• Employer Withholding
• School District Employer Withholding
• Corporation Franchise
• Pass Through Entity
• Estate
• Gross Receipts of a Natural Gas Company or a combined Electric and Gas Company
• Motor Fuel
• Cigarette or Other Tobacco Products
• Dealers In Intangibles

* Please note that the Consumer’s Use Tax is not eligible for the General Amnesty Program, but may qualify under the Consumer’s Use Tax Amnesty program. Follow this link for more information about the Consumer’s Use Tax Amnesty program.

In addition, Clark Schaefer Hackett will provide information on the Consumer’s Use Tax Amnesty program, and other amnesty programs in a future email communication.

Please contact Clark Schaefer Hackett if you are interested in participating in the Ohio General Tax Amnesty Program.

All content provided in this article is for informational purposes only. Matters discussed in this article are subject to change. For up-to-date information on this subject please contact a Clark Schaefer Hackett professional. Clark Schaefer Hackett will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within these pages or any information accessed through this site.

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