OUR THOUGHTS ON:

Ohio Issues Use Tax Amnesty Payment Plan

State and Local Tax

By Cathleen Condrac

Under House Bill 153, the Ohio Department of Taxation approved a no-interest payment plan under the consumer’s use tax amnesty program allowing eligible taxpayers up to seven years to satisfy their liability with a minimum monthly payment of $500.

In order to be eligible, the following conditions must be met:

  • The taxpayer must not have been registered with the Department for consumer’s use tax as of June 1, 2011. 
  • The use tax liability reported on the amnesty application must exceed $500;
  • An individual authorized to execute contracts on behalf of the taxpayer must agree to the terms of the payment plan; and
  • The taxpayer must waive the statute of limitations for assessment of the consumer’s use tax due under the payment plan.

If a taxpayer misses a monthly payment, fails to return a fully executed copy of the payment plan agreement on time, or fails to remain current with all of its Ohio tax obligations, the Tax Commissioner may assess the taxpayer for the entire outstanding consumer’s use tax balance, including interest calculated from the date the tax was required to be paid.

See our prior Insight, "Ohio Enacts Consumer's Use Tax Amnesty Provisions," for more information on the consumer use tax amnesty program. Should you have any questions, please do not hesitate to contact the state and local tax professionals at Schneider Downs.

 © 2012 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax related matter.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2018 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

comments