breaking news

How will you be impacted? Everything to know about the government shutdown

State offers tax penalty forgiveness program


Residents and businesses that owe penalties on their taxes can get amnesty through a state program.

The Ohio Department of Taxation announced it will be offering a tax amnesty program from Jan. 1 to Feb. 15.

The department stated the program is for eligible taxpayers — individuals and businesses — with unreported or under-reported tax debts.

RELATED: Ohioan’s personal income growing at slower pace than neighbors

During the six-week amnesty period, taxpayers who fully pay qualifying tax delinquencies will owe no penalties and half of the interest normally charged.

“The Ohio Tax Amnesty is a tremendous opportunity for eligible taxpayers to address an unreported tax debt and eliminate the financial risk of not complying with the obligation to file and pay taxes,” said Ohio Tax Commissioner Joe Testa. “If we all comply with the tax laws, as most Ohio taxpayers do already, we can lower the tax rates for all taxpayers.”

LOCAL: Collective effort makes difference with combating opioid crisis

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.

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 prior to May 1, 2017.

LOCAL: Kettering Health Network buys more land



Reader Comments ...


Next Up in Business

Spectrum reports TV streaming app service issues
Spectrum reports TV streaming app service issues

Spectrum customers are reporting service interruptions while attempting to use the Spectrum TV app, the company said on Friday afternoon. “Spectrum customers are experiencing a service interruption while attempting to use the Spectrum TV App. This is causing errors including incorrect login information. Technicians are working diligently to restore...
Amazon raises monthly Prime membership rate
Amazon raises monthly Prime membership rate

The monthly membership fee for Amazon Prime rose Friday from $10.99 to $12.99. Company officials said the annual membership will remain at $99 dollars. Monthly customers do not get access to Amazon Video, which costs $8.99 a month. The last Prime subscription hike came in 2014, when Amazon increased its yearly membership from $79 to $99. The e-commerce...
Starbucks testing out stores that do not accept cash
Starbucks testing out stores that do not accept cash

Starbucks is testing out a cashless checkout in stores nationwide. As of Tuesday, one downtown Seattle store accepts only cards or mobile payments, according to a report from KIRO-7. The coffee chain is receiving mixed reviews from customers, some who like the convenience while others worry about privacy issues. Robert Safian, editor of Fast Company...
Top tips for selling your old stuff on eBay (and actually making cash)
Top tips for selling your old stuff on eBay (and actually making cash)

Too much clutter, too little money, too many gifts you didn't like... an eBay auction is one of the simplest solutions to all three issues. If your trash might be someone else's treasure, an eBay business is simple to start and accessible to just about anyone. "It has low start-up costs and it can be started out of your home," noted the ...
Moldy comforter among latest product recalls
Moldy comforter among latest product recalls

The latest product recalls include a potentially moldy comforter, an unstable bassinette, and snow globes that could potentially cause a fire, according to the Consumer Product Safety Commission.    The Hudson comforters by UGG under recall were sold at Bed Bath & Beyond and may contain mold which could pose a risk of infection or respiratory...
More Stories