Ohio Tax Amnesty Program
The Ohio Department of Taxation (ODT) is currently offering tax amnesty for unpaid or underreported taxes due as of May 1, 2017. The Ohio Tax Amnesty program is an opportunity to address outstanding tax liability with significant savings – it could help your company avoid 100% of penalties and 50% of interest that would otherwise apply.
The risk of a tax delinquency being discovered by tax agents is real and carries with it the added cost of penalties, interest and potential collection fees. The program includes Sales Tax, Use Tax, and Commercial Activity Tax, to name a few. We are encouraging our clients to apply for the program by the February 15 deadline.
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