07 Jan 2018

OHIO 2017 AMNESTY PROGRAM

Business, Tax & Real Estate, Legal News, Legal News for Individuals, Senney Says by Jeff Senney

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...

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25 May 2017

Ohio Department of Taxation Missing Intent of Small Business Tax Deduction Statute

Jeff Senney

Legal News, Legal News for Businesses, Legal News for Individuals, News, Senney Says by Jeff Senney

Income of a business owned by a pass-thru entity (PTE) is generally subject to Ohio income tax in the hands of the owner. PTEs include partnerships, “S” corporations and limited liability companies. Starting in 2013, the definition of “adjusted gross income” found in ORC section 5747.01(A)...

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03 Aug 2015

Ohio Sales Tax Holiday August 7-9

Jeff Senney

Business, Tax & Real Estate, Legal News, Legal News for Businesses, Legal News for Individuals, Senney Says by Jeff Senney

Ohio back-to-school shoppers will not have to pay sales tax on certain items during the state's first sales tax holiday. This one-time holiday starts at 12:01 a.m. on Friday, August 7, 2015 and runs till 11:59 p.m. on Sunday, August 9, 2015. During this three day...

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17 Feb 2015

ODT Adopts Procedures to Combat Tax Refund Identity Theft

Jeff Senney

Legal News, Legal News for Businesses, Legal News for Individuals, Michael W. Sandner, News, Senney Says by Jeff Senney

In order to protect Ohio taxpayers from tax refund fraud related to identity theft, the Ohio Department of Taxation (ODT) is implementing safeguards. These safeguards will cause some refunds to be delayed this upcoming tax filing season. These safeguards are being implemented to bolster defense against...

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19 Feb 2014

Ohio House Bill will Require Notice of Tax Overpayments

Jeff Senney

Legal News, Legal News for Businesses, Legal News for Individuals, News, Senney Says by Jeff Senney

The Ohio legislature is considering a Bill that would require the Ohio Department of Taxation to notify Ohio businesses when they overpay their taxes and provide automatic refunds in the form of credit toward future taxes. House Bill 402 would authorize the tax commissioner to...

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11 Oct 2013

Should a Charity Set-up and Use an LLC to Hold Property?

Jeff Senney

Legal News, Legal News for Businesses, Probate, Estate Planning and Elder Law, Senney Says by Jeff Senney

The IRS made it clear in Notice 2012-52 that a charitable contribution made by a donor to a disregarded single member limited liability company (SMLLC) owned 100% by a charity or 501(c)(3) organization, would be treated as a contribution to the charity. While the IRS had...

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03 Sep 2013

Transferring a Liquor Permit Business

Jeff Senney

Senney Says by Jeff Senney

Transferring a liquor permit in Ohio generally takes at least 30-90 days, and can take longer, depending on several factors. There are some factors that are outside the control of the parties. But there are some things that the parties and their legal counsel can...

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Ohio Department of Taxation Tag

OHIO 2017 AMNESTY PROGRAM

Ohio Department of Taxation Missing Intent of Small Business Tax Deduction Statute

Ohio Sales Tax Holiday August 7-9

ODT Adopts Procedures to Combat Tax Refund Identity Theft

Ohio House Bill will Require Notice of Tax Overpayments

Should a Charity Set-up and Use an LLC to Hold Property?

Transferring a Liquor Permit Business