The Ohio Department of Taxation (“ODT” or “Department”) issued an alert to businesses of the pending deadline to register for centralized collection of Municipal Net Profit Tax. The deadline for registration, through the Ohio Business Gateway, is April 15, 2022, for taxpayers with a taxable year beginning January 1st.
Businesses that register with ODT have the option to file a single return to cover Municipal Net Profit Tax obligations in all municipalities. The centralized collection system is also available for estimated payments. Taxpayers that utilize tax software, for example, CCH Axcess or Prosystems, have the option to file via the IRS Modernized e-File system.
The registration alert from the Ohio Department of Taxation may be viewed here. If you have questions on Ohio’s tax alert or other SALT matters, please contact HBK’s SALT Advisory group at SALT@hbkcpa.com.