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January 25 & 26, 2022 : 31st Annual Ohio Business Tax Conference

Significant Real Property Tax Savings Available for Property Owners Affected by COVID-19

April 28, 2021

Yesterday, Governor DeWine signed S.B. 57 into law, which allows property owners to reduce their 2020 property tax bills by filing a special “COVID-19 Complaint” with the county due by September 2, 2021. Complaints may be filed beginning August 3, 2021. Additionally, the statutory restriction for filing only one complaint in a 3-year valuation period… Read More

SALT Cap Workaround – Ohio provides PTE investors who elect workaround with income tax benefit.

April 13, 2021

Individuals are limited to deducting $10,000 ($5,000 for married filing separate) of state and local taxes (SALT) on their Federal income tax. Generally, income earned by pass-through entities (PTE) is taxed at the investor level, meaning business owners lose a valuable Federal income tax deduction for state taxes paid on income earned by businesses they… Read More

Ohio Domicile: Taxpayer could have prevailed with simple affidavit

March 25, 2021

In a recent Board of Tax Appeals Case, taxpayers contested the Department’s assessment of personal income taxes for 2014-16, asserting that they were not Ohio residents. See Anthony R. Joy & Robin E. Miller, (et. Al.), v. Jeffrey A. Mcclain, Ohio BTA Case No. 2020-239. However, the taxpayers made two critical mistakes that ultimately resulted in… Read More

Ohio Commercial Activity Tax: Proposed Rule Allows Retroactive Consolidated Filing Election

November 17, 2020

In our previous post, we explained the Ohio Department of Taxation proposed a regulation change to limit a taxpayer’s ability to make a retroactive consolidated filing election for Ohio Commercial Activity Tax purposes (CAT). The rule change is in response to a BTA decision where a taxpayer was permitted to make a retroactive consolidated filing… Read More