The Ohio legislature created an amnesty program for most Ohio taxes which were unreported or underreported, and unpaid, as of May 1, 2017. The amnesty program runs from January 1 through February 15, 2018. If your application for amnesty is approved, you avoid 100% of any applicable penalties, and pay only 50% of any interest otherwise due on the unpaid taxes. This is a significant opportunity for delinquent taxpayers to clean up any unpaid Ohio individual income tax, withholding tax, pass-through entity tax, sales and use tax, commercial activity tax and/or other taxes.
A taxpayer qualifies for the amnesty program only if he or she has not been contacted by the Ohio Department of Taxation (“ODT”) concerning the unpaid taxes. The taxpayer must complete an amnesty application (attached below), complete any unfiled tax returns, attach required supporting documentation, include payment of the entire amount due (including 50% of the interest due), and submit the entire package to ODT. ODT will then send you a letter which approves or denies your application within 30 days after receipt.
More information including the application form can be found at http://www.ohiotaxamnesty.gov If you want to discuss the amnesty program of have any other questions regarding Ohio or federal income taxes, call or email me at 937-223-1130 or Jsenney@pselaw.com.