Thursday 01/04/2018

Ohio Tax Amnesty Program: Apply by February 15 to Avoid Penalties

Chris Eichmuller shares how you can avoid penalties and pay less interest due of unpaid taxes through Ohio’s Tax Amnesty program.

Resolving a problem like unreported taxes can be a difficult challenge for many taxpayers. Ohio Tax Amnesty is a limited-time opportunity for individuals and businesses to pay qualified back taxes with NO penalties and only HALF of the interest due. It will be available from January 1 to February 15, 2018.

Why Should You Apply?

Amnesty provides the opportunity to pay off your debt with significant cost savings and eliminate the risk of having your tax delinquency discovered by the Ohio Department of Taxation. With unpaid or underreported tax liability, you’re at risk of a sizable penalty, interest and, possibly, collection fees.

Am I Eligible?

If you have unpaid taxes that were due as of May 1, 2017, and have not been contacted by the Department of Taxation about your tax liability, you may qualify.  Taxes that qualify for Ohio Tax

Amnesty include:

INDIVIDUAL
  • Individual Income Tax
  • Individual School District
  • Income Tax
BUSINESS
  • Employer Withholding Tax
  • Employer Withholding School
  • District Income Tax
  • Pass-Through Entity Tax
  • Sales Tax
  • Use Tax
  • Commercial Activity Tax
  • Financial Institutions Tax
  • Cigarette or Other Tobacco
  • Products Tax
  • Alcoholic Beverage Taxes

Next Steps

Download applications and forms needed on OhioTaxAmnesty.gov.  Want to know how much you can save? Check out the Sample Savings Calculator from the Ohio Department of Taxation.

The deadline is February 15, 2018 – don’t wait to apply! Contact us with any questions and let us help you move forward.

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