Registration for centralized filing continues as state offers free CPE

Written on Feb 15, 2018

The Ohio Department of Taxation’s Virtual Tax Academy will put the spotlight on the new business-friendly municipal net profits tax system next week as registrations from hundreds of businesses keep rolling in.

The academy session – scheduled for Feb. 21 – will cover how to opt in with ODT, when and how to register via The Ohio Business Gateway, file declarations and make estimated payments. Also covered will be an explanation of the tax return and electronic filing through IRS’ Modernized e-File portal (MeF).

ODT reports that hundreds of Ohio businesses have already chosen state administration for Tax Year 2018, and the pace of registrations is increasing. However, only two weeks remain to register.

Businesses still need to opt in and pay 2018 quarterly estimated payments through the Gateway to file centrally in 2019. Register by the first day of the third month of a taxpayer’s fiscal year (March 1 for calendar year businesses). The first quarter payment is due April 15. Just follow these step-by-step instructions. Taxpayers also can conveniently file the quarterly declarations and schedule payment dates for the entire year during one visit to the Ohio Business Gateway.

Also by March 1, businesses that intend to file centrally must notify each municipal corporation in which the taxpayer conducted business during the previous taxable year, on Form MNP-MN. The tax commissioner has prescribed two versions of the form: one for tax preparers and the other for taxpayers.

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