Ohio’s newest tax amnesty program, General Tax Amnesty, starts today. General Tax Amnesty gives taxpayers amnesty for previously underreported or unreported taxes (but it is not available for reported but unpaid taxes). General Tax Amnesty is available for most, but not all, types of Ohio taxes. A list of the types of taxes which qualify for amnesty can be found in my previous blog post about the topic.
The program starts today, so that means that you have a long time before you have to worry about it ending, right? Wrong. General Tax Amnesty runs May 1st to June 15th only, so it’s important to get started filing for amnesty right away. Filing for General Tax Amnesty requires that actual returns be prepared and that you make full payment of past due amounts plus one half interest. For specific information on the program, visit the Ohio Department of Taxation’s website.
Contact our Ohio Tax Amnesty Professionals
You’ll probably be seeing a lot about General Tax Amnesty in the news in the next few weeks. If you have any questions about the program, how to apply or if you qualify, please contact me or another member of the Rea tax team. We’ll be happy to answer any questions here on the blog or to set up consultations to discuss your specific situation.