Ohio Tax Amnesty officially began Monday and will end on Feb. 15. This limited-time program is available to eligible taxpayers — individuals and businesses — with unreported or underreported tax debts. Over the course of the next six weeks, taxpayers who fully pay qualifying tax delinquencies will owe no penalties and only half of the interest normally charged. ODT is encouraging eligible taxpayers to take advantage of the Ohio Tax Amnesty and move forward without tax liabilities.
“The Ohio Tax Amnesty is intended to help well-meaning taxpayers to make good on their obligations and it allows the State of Ohio to collect outstanding tax revenues to help keep tax rates low for everyone,” Ohio Tax Commissioner Joe Testa said.
Testa says similar amnesty programs in the past have resulted in millions of dollars of additional tax payments from thousands of participants. That money was funneled back into state and local government services benefitting all Ohio residents. The goal this year is to generate upwards of $20 million in tax revenue for the State of Ohio.
Applications and instructions for the Ohio Tax Amnesty are now available online via http://www.OhioTaxAmnesty.gov/PrepareAndApply. To file, eligible taxpayers must mail their completed applications, tax returns, and full payments to this address by Feb. 15:
Ohio Department of Taxation
P.O. Box 183050
Columbus, OH 43218-3050
As ODT announced last year, the Ohio Tax Amnesty includes the following taxes: individual income tax; school district income tax; employer withholding tax; employer withholding for school district income tax; pass-through entity tax; sales tax; use tax; commercial activity tax; financial institutions tax; cigarette and other tobacco products taxes; and alcoholic beverage taxes. The Ohio Tax Amnesty will only be available to individuals and businesses with a tax liability that is unknown to ODT, and only for taxes that were due and payable as of May 1, 2017.
If you want to learn more about the Ohio Tax Amnesty, visit www.OhioTaxAmnesty.gov. Questions can also be directed to ODT via its toll-free phone number: 800-304-3211.