State offers details on tax relief; OSCPA works with legislators

Written on Apr 23, 2020

By Greg Saul, Esq., CAE, OSCPA tax policy director


The Ohio Department of Taxation promised to issue more detailed guidelines on state level relief in its March 27 release. That guidance has arrived in the form of FAQs – currently 24 and growing. Members are encouraged to consult this guidance and submit any additional questions they have. Among the issues of interest:

  • Taxpayers have additional time to file petitions for reassessments (see FAQs #11 and #17)
  • Taxpayers have additional time to file refund claims (see FAQ #13)
  • Taxpayers can now electronically submit any petitions for reassessment, requests for reconsideration of refund claims, or BTA notices of appeal (see FAQ #12)
  • During the declared emergency period, ODT will temporarily accept electronic signatures for several types of documents (see FAQ #24).

Separately, OSCPA recently shared numerous suggestions on how state government could quickly make changes to aid the Ohio business community in continuing operations and keeping employees on the payroll. Additionally, since March 16, OSCPA has successfully worked with state and federal officials to accomplish the following:

  1. Pushing 2019 income tax return filing and payment due dates to July 15, 2020 at the state and federal levels.
  2. Delaying 2020 first and second quarter estimated payment due dates to July 15, 2020 at the state and federal levels.
  3. Ensuring accounting services were included as essential services in Ohio’s stay-at-home executive order.
  4. Enacting H.B. 197, effective March 27, 2020, to incorporate into Ohio tax law recent changes to the Internal Revenue Code (IRC) and other federal law taking effect after March 30, 2018.
  5. Requiring employers (for municipal income tax purposes) – because many employees are working from home – to continue withholding to the employee’s principal place of work (despite the “20-day rule”) during the emergency period, and for 30 days thereafter.
  6. Working with the Ohio Accountancy Board to ensure impacted CPA candidates don’t lose credit while testing centers are closed by extending the 18-month window.

As news of the coronavirus continues to develop, refer to OSCPA’s resource page to stay informed.

 RELATED LEARNING: AICPA coronvirus response and preparedness webcasts

 

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  1. Virgil Puthoff | Apr 24, 2020

    Keep after the legislators to allow electronic filing of city tax returns as attachments to the state return.   Taxpayers are paying the burden for time and paperwork needed to file city returns.

    Ohio needs to cut down on the number of pages required for a state required, sometimes 8-10 pages versus 3-4 on Federal.  Condense the return, save several trees.

    Federal level - require banks and 529 plans to issue 1099s on deposits to the plans. 

     

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