The Ohio Department of Taxation has opened registration for businesses to ‘opt-in’ for centralized filing and state administration of the municipal net profit tax for the 2018 tax year.
Businesses that opt-in will have the advantage of filing one municipal net profit tax return that encompasses every municipality in which they are required by law to report. The Department of Taxation will process all the centrally filed returns and distribute tax payments to the appropriate municipalities.
Businesses that operate as a sole proprietor or single-member LLC are not eligible to file with the department, and should continue their current method of filing. 10/19/2017