Ohio Virtual Tax Academy

This is an archived page from a past event.  If you are looking for information on upcoming OVTA events, please click here.

The Ohio Virtual Tax Academy (OVTA) is a free event designed to provide tax-related information to small business owners. Attorneys and accountants are also invited to attend and can earn up to three (3) CLE credits and up to three and a half (3.5) CPE credits. Participants can attend the event in person (limited seating available) or view it from anywhere as an online webinar. Follow the links in the registration section on the left for more information about registering for the live event or the webinar.

The event is scheduled for the following time and date: 8:15 AM - 12:00 PM September 9, 2014

If you have any questions please email Organizational Development or call us at (614) 466-7560. Our normal business hours are Mon-Fri 8:00 am - 5:00 pm.


Effective January 1, 2014, attorneys may earn up to 12 hours of self-study CLE credit towards their annual limit from online webinars. The Ohio Department of Taxation is an equal opportunity employer and provider of ADA services.

Registration

Registration for the live event is closed.

 

Registration for the webinar is closed.

FAQ
In the example on the "PTE Compensation to 20% of more Shareholder" does the Simple IRA contribution not impact the SBD because it is an employer contribution? Line 9a says to deduct the Simple IRAIn the example on the "PTE Compensation to 20% of more Shareholder" does the Simple IRA contribution not impact the SBD because it is an employer contribution? Line 9a says to deduct the Simple IRAThe PPT mentions that there was one issue regarding the IT SBD early on in tax season. Who was the vendor, and what was the issue?The PPT mentions that there was one issue regarding the IT SBD early on in tax season. Who was the vendor, and what was the issue?On the example of Ohio SBD, can you not add back Mary's wages on line 2 as investor's family member? Would the answer be different if Mary was not a shareholder?On the example of Ohio SBD, can you not add back Mary's wages on line 2 as investor's family member? Would the answer be different if Mary was not a shareholder?Is the PTE adjustment on line 34 the full amount or 50% since the SBD deduction is only 50%?Is the PTE adjustment on line 34 the full amount or 50% since the SBD deduction is only 50%?For Line 3, if the pass-through has passive income this year per Form K-1, but, for federal tax purposes, prior year passive activity losses offset this income and reduces it to zero, what amount is reported on the Ohio SBD?For Line 3, if the pass-through has passive income this year per Form K-1, but, for federal tax purposes, prior year passive activity losses offset this income and reduces it to zero, what amount is reported on the Ohio SBD?Related member question: Taxpayer has an S Corp owned 80% by mother, 20% by son. Compensation is paid to son's wife. Is the wife's compensation added back on line 2 of mom and son's IT SBD?Related member question: Taxpayer has an S Corp owned 80% by mother, 20% by son. Compensation is paid to son's wife. Is the wife's compensation added back on line 2 of mom and son's IT SBD?Does the salary example on Slide 23 change if the Husband (investor Y) files a married filing separate return for Ohio?Does the salary example on Slide 23 change if the Husband (investor Y) files a married filing separate return for Ohio?Is the Line 34 add-back only if the Ohio SBD is claimed on Line 2? Example on Slide 27 seems unfair if all investors, including the less than 20% investor, are Ohio residents since daughter will report all compensation on her Ohio return?Is the Line 34 add-back only if the Ohio SBD is claimed on Line 2? Example on Slide 27 seems unfair if all investors, including the less than 20% investor, are Ohio residents since daughter will report all compensation on her Ohio return?PTE owned 100% by taxpayer....Taxpayer and spouse receive W-2 compensation from the PTE. Is both the taxpayer and spouse W-2 income included on line 1 of SBD?PTE owned 100% by taxpayer....Taxpayer and spouse receive W-2 compensation from the PTE. Is both the taxpayer and spouse W-2 income included on line 1 of SBD?On Ohio SBD, must Part II be completed if all is located in OH and therefore 1.0 on Line 11?On Ohio SBD, must Part II be completed if all is located in OH and therefore 1.0 on Line 11?On the slide regarding section 179 and bonus depreciation add back, it states EXCESS section 179 in the amount of $50,000 and bonus depreciation of $50,000. What does EXCESS 179 deduction mean? Is that section 179 depreciation over $25,000?On the slide regarding section 179 and bonus depreciation add back, it states EXCESS section 179 in the amount of $50,000 and bonus depreciation of $50,000. What does EXCESS 179 deduction mean? Is that section 179 depreciation over $25,000?I have a taxpayer who is a 100% beneficiary of a trust. In that trust is rental income from a commercial property and also interest, dividends and capital gains on investments. Would the rental income reported on the trust return and picked up as taxable by the taxpayer be available for the 50% small business deduction?I have a taxpayer who is a 100% beneficiary of a trust. In that trust is rental income from a commercial property and also interest, dividends and capital gains on investments. Would the rental income reported on the trust return and picked up as taxable by the taxpayer be available for the 50% small business deduction?Where is the exclusion to the Line 34 add-back referred to on Slide 27 of the SBD presentation located in the ORC? In the example, the daughter has no add-back on line 34. Where is that exclusion located in the ORC?Where is the exclusion to the Line 34 add-back referred to on Slide 27 of the SBD presentation located in the ORC? In the example, the daughter has no add-back on line 34. Where is that exclusion located in the ORC?On slide 24 example, Investor Y is not required to make a line 34 PTE adjustment since he has filed a joint return with his wife. Would the result for the line 34 add-back change if the couple files a separate Ohio return?On slide 24 example, Investor Y is not required to make a line 34 PTE adjustment since he has filed a joint return with his wife. Would the result for the line 34 add-back change if the couple files a separate Ohio return?What if ownership changes during the year and exceeds or dips from the 20% what should be done? How would you handle with PTEs or multiple PTEs? What if ownership changes during the year and exceeds or dips from the 20% what should be done? How would you handle with PTEs or multiple PTEs? In regard to slide #27, why is only the daughter’s wages of $15,000 reported on line 2 of the IT-SBD? Why isn’t the son’s wages reported on the parent’s return or the parents’ wages on the son’s return? In regard to slide #27, why is only the daughter’s wages of $15,000 reported on line 2 of the IT-SBD? Why isn’t the son’s wages reported on the parent’s return or the parents’ wages on the son’s return? Ohio CAT - If I paid in the minimum $800 and in the year my receipts decreased to below $1M how do I get my money refunded? Ohio CAT - If I paid in the minimum $800 and in the year my receipts decreased to below $1M how do I get my money refunded? Are independent contractors and subcontractors subject to CAT tax? For example: a subcontractor for a landscaping company who is paid cash, no tax withheld. Are independent contractors and subcontractors subject to CAT tax? For example: a subcontractor for a landscaping company who is paid cash, no tax withheld. Are farmers required to pay CAT tax? Are farmers required to pay CAT tax? Are UPS & Freight Charges considered part of gross receipts for CAT Tax?Are UPS & Freight Charges considered part of gross receipts for CAT Tax?Can you explain a little more about the CAT tax on those entities over $1M. Why the new AMT that is based off the prior year? Is there anything that can be done when there is an anticipated significant change in gross taxable revenues to decrease that AMT?Can you explain a little more about the CAT tax on those entities over $1M. Why the new AMT that is based off the prior year? Is there anything that can be done when there is an anticipated significant change in gross taxable revenues to decrease that AMT?If the majority of my Ohio Sales are not subject to sales tax (most sales are to libraries and gov't entities), are these included in my CAT tax return?If the majority of my Ohio Sales are not subject to sales tax (most sales are to libraries and gov't entities), are these included in my CAT tax return?Can fuel suppliers pass the cost of the PAT along to its customers? We have seen suppliers charging the PAT to customers. We were told this is allowed, which is very different than the CAT. Can fuel suppliers pass the cost of the PAT along to its customers? We have seen suppliers charging the PAT to customers. We were told this is allowed, which is very different than the CAT. Is the gross receipt base for CAT an annual amount or per reporting period?Is the gross receipt base for CAT an annual amount or per reporting period?Is the oil & gas signing bonus subject to CAT?Is the oil & gas signing bonus subject to CAT?What all is deductible from our gross sales (I.E. excise taxes)?What all is deductible from our gross sales (I.E. excise taxes)?Are the gas stations subject to the PAT or the gas suppliers?Are the gas stations subject to the PAT or the gas suppliers?Is farm income subject to CAT? Is farm income subject to CAT? Who is subject to the CAT? Who is subject to the CAT? How do you handle CAT for a company that does not have $150K every year?How do you handle CAT for a company that does not have $150K every year?So the gas station owner will not be paying CAT on the fuel they pay or on the PAT?So the gas station owner will not be paying CAT on the fuel they pay or on the PAT?For the 7/1/15 gross receipts calculation change, what about other fuels where the price is not comparable to gasoline...?For the 7/1/15 gross receipts calculation change, what about other fuels where the price is not comparable to gasoline...?When did/does the non-highway motor fuel became/become included in the PAT?When did/does the non-highway motor fuel became/become included in the PAT?Fuel dealers are including the PAT on their invoices, is this allowed? If so, this is very different than CAT and this distinction needs to be clear.Fuel dealers are including the PAT on their invoices, is this allowed? If so, this is very different than CAT and this distinction needs to be clear.Can the PAT tax charged by the dealer be listed separately on the sales invoice at the retail level? Can the PAT tax charged by the dealer be listed separately on the sales invoice at the retail level? What rate would ethanol use - unleaded gas or diesel? What rate would ethanol use - unleaded gas or diesel? Are retail gas stations required to pay any PAT or CAT on gas sales at the pump? Are retail gas stations required to pay any PAT or CAT on gas sales at the pump? What about propane used in for heating only? Will this be taxed PAT purposes?What about propane used in for heating only? Will this be taxed PAT purposes?Does Ohio support electronic filing of CAT by software vendors using the MeF system?Does Ohio support electronic filing of CAT by software vendors using the MeF system?Is telefile available for quarterly taxpayers? Is telefile available for quarterly taxpayers? Does a business not “owe” use tax if annual liability is less than $1,000.00 or do they just not register? Does a business not “owe” use tax if annual liability is less than $1,000.00 or do they just not register? Are attorney services taxable or exempt? Are attorney services taxable or exempt? Are landlords/property management companies subject to CAT with appropriate gross rental levels? Are landlords/property management companies subject to CAT with appropriate gross rental levels? Are attorney services subject to CAT with appropriate gross rental levels? Are attorney services subject to CAT with appropriate gross rental levels? HUD Settlement Statement - 09...73.9 KB Since it is not required to file W-2's if quantity is less than 250. If we mail in paper W-2's for less than 250 employees do you ignore this information or do you enter the W-2's in your System? Do you not want us to mail in paper W-2's?HUD Settlement Statement - 09...73.9 KB Since it is not required to file W-2's if quantity is less than 250. If we mail in paper W-2's for less than 250 employees do you ignore this information or do you enter the W-2's in your System? Do you not want us to mail in paper W-2's?Are any of the services for Accounting, Bookkeeping or Tax Preparation taxable?Sales/use taxes when shipped out of state-who do you remit tax to? Does a vendor who has a regular county vendor's license who may travel to a trade show occasionally need an additional transient vendor's license as well as his regular county vendor's license?[So installation would include something like carpet installation? Is Software as a Service Taxable?If a taxpayer had taxable sales but did not realize it (say in 1st half 2014), got vendor's license 2nd half 2014, would 1st half taxable sales go on 2nd half return? Is there a penalty against an employer for not withholding a school district tax? We have a few school districts in Geauga County that have the tax. Many residents work in other counties or school districts. We have been having problems getting the employers to withhold the school district tax. The employees notify their employers, but we have had some refuse to withhold and the employee is stuck with a large tax at the end of the year. Anything we can do to get those employers to withhold?If a taxpayer has no access to a computer: how can they file their sales tax? (Amish people example)Is there away for a vendor who is semi annual filer to petition to be monthly? Is there away for a vendor who is semi annual filer to petition to be monthly? For WH tax did speaker say that employers can be changed from quarterly to monthly filer midway through a tax year if over $2000 due?For WH tax did speaker say that employers can be changed from quarterly to monthly filer midway through a tax year if over $2000 due?Is there current consideration given to increase annual thresholds to reduce the compliance burden for small businesses? My understanding is that the limits were established in 2000 and have not been updated since, resulting in requiring more small businesses to file quarterly and increasing the costs of compliance.Is there current consideration given to increase annual thresholds to reduce the compliance burden for small businesses? My understanding is that the limits were established in 2000 and have not been updated since, resulting in requiring more small businesses to file quarterly and increasing the costs of compliance.Is there a simplified listing of taxable items that you can check for taxable items, ie: garden seed s- fuel pellets or what ever is sold?Is there a simplified listing of taxable items that you can check for taxable items, ie: garden seed s- fuel pellets or what ever is sold?You must register for use tax if your annual liability exceeds $1000. What do you do if it is $600. How do you remit that to the state?You must register for use tax if your annual liability exceeds $1000. What do you do if it is $600. How do you remit that to the state?Is a Government employer, such as the Veteran's Administration Hospital, exempt from withholding School District Tax from an employee? Is a Government employer, such as the Veteran's Administration Hospital, exempt from withholding School District Tax from an employee? Is that a relatively new decision made in the past few years? Our local VA said it was exempt from withholding SD tax for employees because they were a Government entity, thus, employees were responsible for entire amount of SD each year.Is that a relatively new decision made in the past few years? Our local VA said it was exempt from withholding SD tax for employees because they were a Government entity, thus, employees were responsible for entire amount of SD each year.Does a business not *owe* use tax if annual liability does not exceed $1,000? Or just doesn't need to register?Does a business not *owe* use tax if annual liability does not exceed $1,000? Or just doesn't need to register?Is it still acceptable for an employer to use the W-4 for state withholding exemptions?Is it still acceptable for an employer to use the W-4 for state withholding exemptions?If a business has a Use Tax of less than $1,000 per year, they do not have to file and remit? (Per page 18 of the handout)If a business has a Use Tax of less than $1,000 per year, they do not have to file and remit? (Per page 18 of the handout)How does the system automatically switch the company from quarterly to monthly when applicable?How does the system automatically switch the company from quarterly to monthly when applicable?Is the it942 a new form?Is the it942 a new form?What is it-2? How does it differ from w-2 ?What is it-2? How does it differ from w-2 ?The Spanish speaking population in Ohio is growing. Does OH anticipate offering forms and guides in Spanish outside IT1040?The Spanish speaking population in Ohio is growing. Does OH anticipate offering forms and guides in Spanish outside IT1040?I have an employee working in Ohio that lives in a state other than Ohio. Must I withhold Ohio income tax from their wages?I have an employee working in Ohio that lives in a state other than Ohio. Must I withhold Ohio income tax from their wages?Does a campground have to tax when someone rents an out door site to camp on?Does a campground have to tax when someone rents an out door site to camp on?Does the agency inform the employer that their filing frequency has changed?Does the agency inform the employer that their filing frequency has changed?Regarding sales tax. If a consumer does not pay their invoice which includes sales tax, does that sale have to be included in the monthly or semi-annual reporting period or can it be reported when the consumer pays the invoice?Regarding sales tax. If a consumer does not pay their invoice which includes sales tax, does that sale have to be included in the monthly or semi-annual reporting period or can it be reported when the consumer pays the invoice?If the IT-501 is due monthly (over $2,000 liability) can the SD-101 be file quarterly if that liability is less than $2,000 per quarter on the same employer?If the IT-501 is due monthly (over $2,000 liability) can the SD-101 be file quarterly if that liability is less than $2,000 per quarter on the same employer?For sales/use tax is web hosting a taxable service?For sales/use tax is web hosting a taxable service?What do you do when a customer refuses to fill out a exemption form & insists they are tax exempt?What do you do when a customer refuses to fill out a exemption form & insists they are tax exempt?Does a business need to file both the IT941 and 942? What is the difference between requirements for quarterly vs annual? Does a business need to file both the IT941 and 942? What is the difference between requirements for quarterly vs annual? If you have your company Tax ID # or EIN, do you still need to file for a vendors license? If you have your company Tax ID # or EIN, do you still need to file for a vendors license? Who is subject to the CAT? Who is subject to the CAT? You mentioned that S&U tax was a "Trust" tax. In situations where the vendor charges the tax, but the consumer refuses to pay it, who is ultimately held responsible? The vendor or the consumer?You mentioned that S&U tax was a "Trust" tax. In situations where the vendor charges the tax, but the consumer refuses to pay it, who is ultimately held responsible? The vendor or the consumer?Where does one find the list of specific exempt sales for sales tax? The presentor just listed two -snow removal under $5000 and attorneys fees.Where does one find the list of specific exempt sales for sales tax? The presentor just listed two -snow removal under $5000 and attorneys fees.When is the OH Dept of Taxation going to add the ability to pay OH IT-4708 payments through the OH Business Gateway electronically?When is the OH Dept of Taxation going to add the ability to pay OH IT-4708 payments through the OH Business Gateway electronically?Is there a place to look for the services that are subject to Sales tax?Is there a place to look for the services that are subject to Sales tax?How do you handle cat for a company that does not have $150K every year?How do you handle cat for a company that does not have $150K every year?Is it possible to have all sales tax rates placed on the OGB website in a downloadable excel format so we can easily extract the latest tax rates instead of using the current PDF/word or the Ohio county map.Is it possible to have all sales tax rates placed on the OGB website in a downloadable excel format so we can easily extract the latest tax rates instead of using the current PDF/word or the Ohio county map.If you are exempt from sales tax, for example a pie maker selling directly to consumer do they need to have a vendor's license?If you are exempt from sales tax, for example a pie maker selling directly to consumer do they need to have a vendor's license?What if there is some dispute about whether a transaction is or is not subject to S&U tax? The vendor believes the sale is taxable. The purchaser does not. So the purchaser refuses to pay the tax. Is the legal liability for the unpaid tax on the vendor or purchaser?What if there is some dispute about whether a transaction is or is not subject to S&U tax? The vendor believes the sale is taxable. The purchaser does not. So the purchaser refuses to pay the tax. Is the legal liability for the unpaid tax on the vendor or purchaser?Use Tax: if your annual use tax liability has been less than $1k/annual, is it necessary to continue to file?Use Tax: if your annual use tax liability has been less than $1k/annual, is it necessary to continue to file?
Agenda/Materials

7:45 - 8:15

Registration

 

8:15 - 8:35

Welcome

Marina King

8:35 - 9:35

 

Taxation Overview for Small Businesses – Introduction, requirements, and responsibilities relating to the business taxes administered by the Tax Commissioner including: Sales & Use Tax, Employer Withholding Tax (EWT), School District Withholding Tax (SDWT), Petroleum Activity Tax (PAT), Commercial Activity Tax (CAT), and Financial Institution Tax (FIT).

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Ron Pottorf & Janice Hinton 
 

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9:35 - 9:45    

Break

 

9:45 - 10:45

 

 

Small Business Investor Deduction this session will walk you through the Small Business Investor Income deduction schedule line by line with many great examples, and share the SBD updates for 2014.

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Deborah Smith  
 

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10:45 - 10:55

Break

 

10:55 - 11:55

 

 

Legislative Summary for 2014 – Update regarding recently enacted legislation that will affect tax return filing for all filers, and insight regarding further improvements in the tax code.  There will be a special concentration on newly implemented Petroleum Activity Tax (PAT), as well as, recent legislation that impacted the PAT.

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     Kerrie Ryan & Laura Stanley    
  

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11:55 - 12:00

Evaluations/Closing

 

Past Events

For topics, presentation materials, and full-length videos of our past events, follow the links below:

August 2017

May 2017

February 2017

November 2016

August 2016

May 2016

February 2016

November/December 2015

September 2015

July 2015

March 2015

December 2014

September 2014

March 2014

Speakers

 

Marina King

Marina King

Program Administrator 

Marina serves as the Lean Deployment Liaison for the Ohio Dept. of Taxation (ODT), with the Office of Agency Performance, Organizational Development Division.  Marina is also responsible for coordinating different conference/seminar/webinars hosted by the Department of Taxation. 

 

Deborah Smith

Deborah Smith

Administrator - Personal Income & School District Income Tax

Deborah comes to her position with over twenty-five years of tax experience, both private and public sector.  Deborah has been the administrator of Personal Income & School District Income Tax for over 5 years and was previously the administrator of the Commercial Activity Tax Division. 

 
Ron Pottorf

Ron Pottorf

Executive Administrator - Taxpayer Services and Compliance Divisions

Ron was appointed as Executive Administrator of the Taxpayer Services Division and Compliance Division in March of 2013. Previous to this, Ron held the position of Executive Administrator of the Audit Division and has been with the agency for over 30 years.

 
Janice Hinton

Janice Hinton

Tax Commissioner Agent Supervisor

As a supervisor, Janice manages the sales tax section and assists with electronic filing of the Ohio Business Gateway and the Kana Email systems. Prior to this position, Janice worked with several business taxes, including CAT, Corporate Franchise, Employer Withholding and School District Withholding.
           
 
 Kerrie Ryan, Esq. Kerrie Ryan, Esq.

Attorney, Office of Chief Counsel - Bankruptcy Division

Kerrie serves as legal counsel for the bankruptcy division. She joined the Department of Taxation in 2010. She interacts with legal counsel, debtors, bankruptcy trustees and the Attorney General’s office regarding bankruptcy and Ohio tax issues arising from claims filed by the Department in both corporate and individual bankruptcies.

 
Laura M. Stanley, Esq. Laura M. Stanley, Esq.

Legal Counsel – Commercial Activity & Excise Taxes

In her position, Laura is responsible for drafting final determinations, legal ruling requests, administrative rules, information releases, and reviewing proposed legislation, as well as advising the Administrators of the Commercial Activity and Excise Tax Divisions and Tax Commissioner’s Office on legal matters.