Ohio Form Help
The following information has been provided to assist in the preparation of Ohio returns.
The state of Ohio does not support electronic filing of the returns to be filed by corporations and partnerships. All forms provided in CrossLink must be mailed to the state or through the Ohio Business Gateway at business.ohio.gov.
Entities conducting business in Ohio are also required to file a return and pay tax at the municipal level. CrossLink provides the Regional Income Tax Agency (RITA), Central Collection Agency (CCA), and generic municipal tax forms. See the respective municipal agency for specific information on filing requirements. Municipal returns must be mailed to the respective municipality.
All entities with Ohio taxable receipts of $150,000 or more for the calendar year must be registered for the Commercial Activity Tax with the state. This form may be completed and mailed to the state or it may be filed electronically through the Ohio Business Gateway at business.ohio.gov.
If the taxpayer is registered with Ohio for the Commercial Activity Tax but the taxpayer will not have taxable gross receipts of at least $150,000 for the year, the taxpayer will need to contact the state by the CAT-12 filing deadline to cancel the registration to avoid being subject to the minimum tax.
All entities with Ohio taxable receipts of $150,000 or more per calendar year are subject to the Commercial Activity Tax. This return must be filed and the related tax must be paid electronically through the Ohio Business Gateway at business.ohio.gov. This form is provided only as a means to calculate the taxpayer’s tax obligation.
For Commercial Activity Tax purposes, taxable gross receipts include most business receipts from sales and services, though exceptions apply. See information release CAT 2005-17 for details. Note that the taxable receipts are to be calculated for the calendar year, regardless of the tax year for the entity.
If the prior year taxable gross receipts exceeded $1,000,000, quarterly filing and tax payments are required. A worksheet to calculate the quarterly amount due and the respective due date are provided when the related box is checked. All CAT returns must be filed and all tax must be paid through the Ohio Business Gateway at business.ohio.gov.
Ohio Form IT-1140 is used to report withholding tax due on the distributive shares of income relating to real property in Ohio and tangible personal property in Ohio of certain qualifying investors, most commonly nonresident investors not included on Form IT-4708 for the taxable year.
Use the Ohio Schedule K-1 worksheet to elect to include each investor on either this return or Form IT-4708. If the investor is not subject to withholding or composite tax, check neither box. Checking the box for the IT-1140 will include that investor’s share of net income and adjustments on Form IT-1140.
This return is due on the 15th day of the fourth month following the end of the pass-through entity’s taxable year.
Payments of estimated tax, amounts paid with an extension, and prior year overpayment credited to the state of Ohio will flow from the State Taxes Paid Worksheet on the Income Statement when the state ID entered is “OH” to Column I. This amount will be adjusted for any amount entered in Column II for the portion attributable to entity tax. Override for any adjustments.
Schedule B data will flow from the Schedule K-1 Worksheet based on the IT-1140 box and the entity type of the investor. If bonus or Section 179 depreciation is claimed on the federal return, choose the appropriate ratio for adding back the deduction.
This schedule will calculate from the data provided in the Multistate Allocation and Apportionment Information worksheet in the General section of the return. If the Multistate Allocation and Apportionment Information worksheet is not used, the apportionment ratio will be assumed to be 1.00000 throughout the return.
Information for the investors will flow from the Ohio Schedule K-1 Worksheet. The Schedule K-1 Worksheet must be completed for each investor to ensure the data reported in this schedule is accurate and complete. Note that this schedule will be completed in the order the federal Schedule K-1s are listed in the Attached Forms List.
The Schedule K-1 Worksheet shows information for each investor as provided on the federal return. Check the appropriate box if the investor is to be included on the IT-1140 or the IT-4708. These checkboxes control the data sent to these returns. Complete the Share of Ohio Adjustments section with date for the specific investor. If the investor qualifies for the Pass-Through Withholding and Entity Tax credit, check the box for the credit to calculate.
Ohio Form IT-4708 is used to report composite tax due on the distributive shares of income from an investment doing business in Ohio of qualifying investors that have elected to be included on Form IT-4708 for the taxable year.
Use the Ohio Schedule K-1 worksheet to elect to include each investor on either this return or Form IT-1140. If the investor is not subject to withholding or composite tax, check neither box. Checking the box for the IT-4708 will include that investor’s share of net income and adjustments on Form IT-4708.
This return is due on April 15 of the immediately following calendar year for calendar year pass-through entities, and on April 15 of the calendar year immediately following the calendar year in which the fiscal year ends for fiscal year pass-through entities.
Payments of estimated tax, amounts paid with an extension, and prior year overpayment credited to the state of Ohio will flow from the State Taxes Paid Worksheet on the Income Statement when the state ID entered is “OH”. This amount is adjusted for any of these payments already claimed on Form IT-1140.
Schedule II and III data will flow from the Schedule K-1 Worksheet based on the IT-4708 box. If bonus or Section 179 depreciation is claimed on the federal return, choose the appropriate ratio for adding back the deduction and for claiming the allowable portion of any deduction added back in prior years.
This schedule will calculate from the data provided in the Multistate Allocation and Apportionment Information worksheet in the General section of the return. If the Multistate Allocation and Apportionment Information worksheet is not used, the apportionment ratio will be assumed to be 1.00000 throughout the return.
Information for the investors will flow from the Ohio Schedule K-1 Worksheet. The Schedule K-1 Worksheet must be completed for each investor to ensure the data reported in this schedule is accurate and complete. Note that this schedule will be completed in the order the federal Schedule K-1s are listed in the Attached Forms List.
Form IT-2210 is used to determine if enough estimated tax was paid. Two copies of this form will appear in the return when both Form IT-1140 and IT-4708 are present. The checkboxes at the top will indicate which copy is for which return. Payments of estimated tax and prior year overpayment credited to the state of Ohio will flow from the State Taxes Paid Worksheet on the Income Statement when the state entered is “OH”. Each estimated tax payment is assumed to be allocated to Form IT-1140. Use the provided worksheet on the IT-4708 copy to allocate any portion of each payment to Form IT-4708. Complete the appropriate Annualized Income Worksheet if desired. The most beneficial method will be used to compute the interest penalty due. The prior year tax, if not zero, is required in Part I to calculate the annual payment.
The state of Ohio recognizes any federal extension granted by the IRS. Use this form to make extension payments of withholding and entity tax. Tax not paid by the unextended due date is subject to interest and penalties.
Use the Form IT-1140ES Worksheet to calculate the estimated tax payments to be made for the following tax year. Estimated tax payments are required if prior year adjusted qualifying amounts exceeded $10,000 and next year’s adjusted qualifying amount will exceed $10,000. Four payments of 25% of the estimated tax are due on the 15th day of the month following the last day of each quarter of the entity’s tax year. CrossLink calculates the due date and payments based on the beginning date of the tax year provided on the Client Data screen and the estimated taxable income provided. Estimated tax payments are made by mailing the respective amount with the vouchers provided.
The state of Ohio recognizes any federal extension granted by the IRS. Use this form to make extension payments. Tax not paid by the unextended due date is subject to interest and penalties.
Use the Form IT-4708ES Worksheet to calculate the estimated tax payments to be made for the following tax year. Estimated tax payments are required if the next year’s composite income tax after nonrefundable credits will exceed $500. Four payments of 25% of the estimated tax are due on the 15th day of April, June, September, and the following January. CrossLink calculates the due date and payments based on the beginning date of the tax year provided on the Client Data screen and the estimated taxable distributive shares provided. Estimated tax payments are made by mailing the respective amount with the vouchers provided.
The Ohio Central Collection Agency (CCA) Form 120-17BR is used to report municipal income tax due on net profits allocable to CCA communities. This return is due on the 15th day of the fourth month following the end of the entity’s taxable year.
If the business operates solely in one CCA municipality, choose the municipality from the list. If the business operates in multiple municipalities, complete Schedule Y. Enter the prior year overpayment credited to this year and any estimated tax paid in the appropriate columns. If there is a refund for any municipality, a portion of that refund may be allocated as a credit to next year’s tax by entering the desired amount in the appropriate column.
Adjustments have been calculated from the federal return data. Enter any amounts to owners for qualified self-employed retirement, health, and life insurance plans. Complete the Loss Carryforward Schedule to track and apply loss carried forward as applicable. Use the worksheet attached for additional municipalities. Note that Munroe Falls and Russells Point do not allow loss carryforwards.
Complete this schedule if business is conducted in multiple locations. Part A, Item A of this schedule will calculate from the data provided in the Multistate Allocation and Apportionment Information worksheet in the General section of the return, if used, when a city name is present in the first row of Item B. For each municipality, enter the average original cost of real and tangible property plus eight times the gross annual rent, the total wages, tips, and other compensation deducted on the federal return, and the gross receipts from sales made and work or services performed allocable to that municipality in the Property, Payroll and Receipts columns, respectively. The Part B table will calculate based on the data in Part A and the Loss Carryforward Schedule. The total adjusted income shown here will flow to the Net Profits Tax Distribution.
Use Form CCA 201-ES to declare and calculate the estimated tax payments to be made for the following tax year. The tax paid with this declaration must be at least one quarter of the estimated tax.
The Regional Income Tax Agency (RITA) Form 27 is used to report municipal income tax due on net profits allocable to RITA municipalities. This return is due on the 15th day of the fourth month following the end of the entity’s taxable year.
If the business operates solely in one RITA municipality, choose the municipality from the list. If the business operates in multiple municipalities, complete Schedule Y.
Use this schedule to calculate the estimated tax due for RITA municipalities in the following year. At least one quarter of the estimated tax declared must be paid when this return is filed.
Adjustments have been calculated from the federal return data. Enter any amounts to owners for qualified self-employed retirement, health, and life insurance plans, any REIT or RIC adjustments for dividends, distributions, or amounts set aside for the benefit of investors, and any previously taxed amounts passed through.
Complete this schedule if business is conducted in multiple municipalities. The amounts located everywhere will calculate from the data provided in the Multistate Allocation and Apportionment Information worksheet in the General section of the return, if used. Column A will populate when a municipality name is present in Column B. For each municipality, enter the average original cost of real and tangible property plus eight times the gross annual rent, the total wages, tips, and other compensation deducted on the federal return, and the gross receipts from sales made and work or services performed allocable to that municipality in the appropriate columns. Use the worksheet provided for additional municipalities. The percentage calculated in this schedule will be used to calculate the taxable income or loss for each municipality in Schedule B.
Information for the investors will flow from the Ohio Schedule K-1 Worksheet to the worksheet provided. The Schedule K-1 Worksheet must be completed for each investor to ensure the data reported in this schedule is accurate and complete. Note that this schedule will be completed in the order the federal Schedule K-1s are listed in the Attached Forms List.
This Generic Schedule R is provided to aid in the completion of municipality tax returns not specifically supported in CrossLink. Contact the specific municipality for form and filing requirements.
Choose the name of the municipality from the list provided. This selection also populates the tax rate. Enter the address of the municipality for use in the client letter.
Use this schedule to calculate the estimated tax due for the municipality in the following year. This schedule is designed for the first quarterly payment to be paid with the tax return. Contact the specific municipality for filing and payment requirements.
Adjustments have been calculated from the federal return data. Enter REIT adjustments for dividends, distributions, or amounts set aside for the benefit of investors, and any other adjustments.
Complete this schedule if business is conducted in multiple locations. Column A will calculate from the data provided in the Multistate Allocation and Apportionment Information worksheet in the General section of the return, if used, when any information is provided for the municipality in Column B. Enter the average original cost of real and tangible property plus eight times the gross annual rent, the total wages, tips, and other compensation deducted on the federal return, and the gross receipts from sales made and work or services performed allocable to the municipality. If no information is provided in Column B, the apportionment ratio will be assumed to be 1.000000.
Information for the investors will flow from the Ohio Schedule K-1 Worksheet to the worksheet provided. The Schedule K-1 Worksheet must be completed for each investor to ensure the data reported in this schedule is accurate and complete. Note that this schedule will be completed in the order the federal Schedule K-1s are listed in the Attached Forms List.