Registration is now closed.

 

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. More information about the next OVTA will be available soon.

The latest event is scheduled for: Nov 16, 2016 

Important: If you are seeking CLE and/or CPE credit, you will be expected to watch/listen for the VTA “code words” that will be scattered throughout the presentations.  There are a total of six words that you will need to remember.  Upon exiting the event, you will be prompted to supply the code words in order to receive credit.  Failure to identify the appropriate code words will result in a loss of possible credit awarded. 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.

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.

Agenda/Materials

Important:

The information presented in the slide presentations and contained in the FAQs is accurate as of the date of the presentation. To the extent that the positions stated in the FAQs do not conflict with any recent legislation, such positions are still in effect.  However, please note that the presentations and FAQs related to OVTA webinars are static and will not be updated to reflect more recent legislation, rules, court decisions, Information Releases or other types of guidance.  Additionally, many times the facts and circumstances surrounding the specific scenario will impact the answer.  Please contact the Department directly if you have any questions (Individual Income Tax - (800) 282-1780 or Business Tax - (888) 405-4039).

8:20 - 8:30

Opening Remarks

Marina King & Joe Testa

8:30- 9:15

Personal Income Tax and School District Income Tax Update

This session will cover all updates for the PIT & SD 2016 tax return filing. Some of those updates include tax rate changes, taxing school district changes and changes to the IT 1040 form as well as the supporting forms and schedules. This session will also cover new MeF requirements and error codes as well as new and pending legislation regarding personal and school district income tax.

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Ryan Jewell & Reagan Lewis

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9:15 - 9:20

Break

 

9:20 - 10:05

Income Tax Refund Fraud

This session will cover updates for PIT & SD income tax refund fraud. Updates will include quick facts on ID theft, where suspect data comes from, how data is illicitly sold and exchanged, how ODT is combating ID theft, ODT’s analytical model, Criminal Investigations, and fraud related information for Preparers to help themselves and clients alike.

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Pat Zimmerman & David Peck

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10:05 - 10:15

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10:15 - 11:00

Residency and Pass-Through Entity

This session will provide an overview of Ohio’s residency standards for income tax purposes, including a review of relevant statutes, administrative rules, and cases. Potential changes to Ohio’s law and rules relating to residency, in response to the Cunningham decision will also be addressed.

The session will then shift gears to Ohio’s pass-through entity tax. Topics of discussion will include a brief overview of the taxes and their associated forms, methods of reporting information from a pass-through entity to its investors, and items of federal legislation that impact Ohio’s complimentary taxes.

Finally, the session will conclude with a review of the Supreme Court of Ohio case, Corrigan v. Testa, which will include a summary of the case and the statute at issue. Additionally, the Department will provide guidance to taxpayers and practitioners in response to the Court’s decision.

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Matt Chafin & Matt Dodovich

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11:00 - 11:05

Break

 

11:05 - 11:50

Residency and PTE Continued

Matt Chafin & Matt Dodovich

 

 11:50 -12:00

Evaluations/Closing Remarks

Marina King
 

 

Will the department still accept amended returns under the old format on the IT 1040X?Will the department still accept amended returns under the old format on the IT 1040X?Can we file amended returns electronically? Can we file amended returns electronically? What taxpayers should be filing IT DA? What taxpayers should be filing IT DA? When is driver license or state identification information required with the return?When is driver license or state identification information required with the return?Does the driver license/state ID have to be from Ohio?Does the driver license/state ID have to be from Ohio?Does this mean that taxpayers without a driver license or state ID cannot file electronically?Does this mean that taxpayers without a driver license or state ID cannot file electronically?Is the STABLE account deduction allowed for non-dependents, such as grandchildren? Is the STABLE account deduction allowed for non-dependents, such as grandchildren? What does “direct or indirect ownership interest” mean on the IT BUS form?What does “direct or indirect ownership interest” mean on the IT BUS form?When is interest and dividend income considered business income for purposes of the IT BUS?When is interest and dividend income considered business income for purposes of the IT BUS?What amount on a W-2 should be reported on line 5 of the IT BUS when an individual owns 20% or more of the pass-through entity?What amount on a W-2 should be reported on line 5 of the IT BUS when an individual owns 20% or more of the pass-through entity?Are you able to identify tax software providers that have most issues with breaches?Are you able to identify tax software providers that have most issues with breaches?Is there going to be any other options for older taxpayers who get confused by these ID quizzes?Is there going to be any other options for older taxpayers who get confused by these ID quizzes?As a Professional Tax Preparer, is there any way to get tax returns e-filed by me for a client pre-approved for avoidance of the ID Quiz?As a Professional Tax Preparer, is there any way to get tax returns e-filed by me for a client pre-approved for avoidance of the ID Quiz?How can I assure clients that your quiz notice is legitimate? It seems clients are very skeptical to log on.How can I assure clients that your quiz notice is legitimate? It seems clients are very skeptical to log on.Does any interest and dividends from a Ohio based sub S corp qualify for Ohio business deduction?Does any interest and dividends from a Ohio based sub S corp qualify for Ohio business deduction?My understanding is that the IT-DA is only filed for the year of residency change and NOT for all succeeding years. Is my understanding correct?My understanding is that the IT-DA is only filed for the year of residency change and NOT for all succeeding years. Is my understanding correct?If one spouse maintains residence are they allowed the homestead exemption, i.e. if residence is in the resident spouse name.If one spouse maintains residence are they allowed the homestead exemption, i.e. if residence is in the resident spouse name.For the affidavit, what is the definition of "one abode outside this state"? If someone rents a condo in Florida for 3 months January to March and then travels in Europe for 4 months July to October, does the Florida rental satisfy the definition of an abode outside of the state? They live in Ohio the other 5 months.For the affidavit, what is the definition of "one abode outside this state"? If someone rents a condo in Florida for 3 months January to March and then travels in Europe for 4 months July to October, does the Florida rental satisfy the definition of an abode outside of the state? They live in Ohio the other 5 months.Further confirmation: 2013 was the first year for Small Business Investor Deduction at 50%; 2014 and 2015 was 75% and 2016 is 100%.Further confirmation: 2013 was the first year for Small Business Investor Deduction at 50%; 2014 and 2015 was 75% and 2016 is 100%.Wouldn't someone want to be an Ohio resident over say, Florida, because although they might pay some individual income tax to Ohio and none in Florida, they might have to pay alot of estate tax in that other state when Ohio has none?Wouldn't someone want to be an Ohio resident over say, Florida, because although they might pay some individual income tax to Ohio and none in Florida, they might have to pay alot of estate tax in that other state when Ohio has none?to clarify : if taxpayer has less than 213 contact periods are they required to file the affidavit?to clarify : if taxpayer has less than 213 contact periods are they required to file the affidavit?How is retirement income treated, for someone who used to live in Ohio, but changed residency to another state at retirement?How is retirement income treated, for someone who used to live in Ohio, but changed residency to another state at retirement?If a military person is stationed in Texas are they still consider residents of Ohio?If a military person is stationed in Texas are they still consider residents of Ohio?Does not the SBD make it less likely to need to file the PTE tax returns?Does not the SBD make it less likely to need to file the PTE tax returns?Can you amend a composite return to remove a person originally included on the composite return?Can you amend a composite return to remove a person originally included on the composite return?If an investor is included on the IT 4708 (the composite return) can they file an IT1040 as nonresident and claim refund?If an investor is included on the IT 4708 (the composite return) can they file an IT1040 as nonresident and claim refund?HOW DOES THE BUS DEDUCTION WORK WITH EITHER OF THESE TAX PMTS. W/H VS COMPOSITE?HOW DOES THE BUS DEDUCTION WORK WITH EITHER OF THESE TAX PMTS. W/H VS COMPOSITE?If a partnership filing a form IT 1140 cannot claim credit for payments made by another PTE, how should it report the distributive share of income and PTE withholding that it has allocated to partners on Form IT 1140?If a partnership filing a form IT 1140 cannot claim credit for payments made by another PTE, how should it report the distributive share of income and PTE withholding that it has allocated to partners on Form IT 1140?Will the state of Ohio do any "checks" of the amount on the new K-1 Line 5 "total indirect pass-through entity credit from another pass-through entity paid on behalf of investor" against a section/presentation on form 1140? Also, if a partnership’s partners are all included in a composite filing, and the partnership has PTE credit, does it need to file the IT 1140? Will the state of Ohio do any "checks" of the amount on the new K-1 Line 5 "total indirect pass-through entity credit from another pass-through entity paid on behalf of investor" against a section/presentation on form 1140? Also, if a partnership’s partners are all included in a composite filing, and the partnership has PTE credit, does it need to file the IT 1140? Why is the withholding/composite rate for non-residents at 5% when business income is currently taxed at 3% AFTER the business income deduction of $250,000. Seems to me many taxpayers are receiving large refunds.Why is the withholding/composite rate for non-residents at 5% when business income is currently taxed at 3% AFTER the business income deduction of $250,000. Seems to me many taxpayers are receiving large refunds.Will the 5% rate for PTE withholding be reduced to 3%?Will the 5% rate for PTE withholding be reduced to 3%?Would you please explain again why a shareholder included on IT4708 would need/want to file an IT1040.Would you please explain again why a shareholder included on IT4708 would need/want to file an IT1040.
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Presenters
Joe Testa

Joe Testa            

Tax Commissioner

Joe W. Testa is the 18th Tax Commissioner to lead the Ohio Department of Taxation. The Tax Commissioner is responsible for administering and enforcing most state and many local government taxes, including the state income tax, state and local sales taxes, and several business and excise taxes. All told, these taxes provide approximately $30 billion in revenues to support funding of Ohio’s schools and colleges, Medicaid, law enforcement, transportation and a myriad of other public services.

 

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. 

 

Reagan Lewis
 

Reagan Lewis

Personal & School District Income Tax - Tax Examiner Specialist

Reagan is a Tax Examiner Specialist in the Personal Income Tax & School District Income Tax Division. He has been with the department for over 10 years, beginning his career in the walk-in center assisting taxpayers primarily with income tax and sales tax issues. He has worked in the PIT & SD division for the last 8 years concentrating on residency issues, the Small Business Investor Income Deduction, the Business Income Deduction, professional athletes and nonresidents with Ohio business income.

 


Ryan Jewell

Ryan Jewell

Personal & School District Income Tax Division, Tax Examiner

Ryan is a Tax Examiner in the Personal Income and School District Tax Division and has worked for the department for three years. Ryan is responsible for reviewing IT-1040X amended returns as well as business income deductions, filing status issues, pass-through entity credits, and non-refundable business credits. Prior to working with the department, Ryan spent 6 years working for the Ohio Department of Rehabilitation and Corrections.

 

 
Pat Zimmerman

Pat Zimmerman

Personal Income & School District Income Tax Manager

Pat Zimmerman is the Manager of the fraud unit within the Personal Income & School District Income Tax division. He serves in this position with over 4.5 years of taxation experience and 3 years of experience in the private sector. Prior to his current position, Pat worked in the Taxpayer Services and Compliance-Tax Discovery divisions for the Department.

 

David Peck

 

David Peck

Personal Income & School District Income Tax Administrator

David has over twelve years of experience working for the Ohio Department of Taxation and is currently the Tax Program Administrator of the Personal Income and School District Income Tax Division. Prior to this, David served as the Tax Program Administrator of the Compliance Division.

 

 

Matt Dodovich

Matt Dodovich

Division Counsel, Income, Pass-Through Entity & Withholding Taxes

Matt Dodovich currently serves as a Division Counsel at the Ohio Department of Taxation in the Office of Chief Counsel and specializes in the individual income, school district income, municipal income, pass-through entity, and employer withholding taxes. Matt joined the Department in April 2012 as an administrative hearing officer in the Tax Appeals Division. He later served as an attorney for the Department’s Appeals Management Division.

 
Matt Chafin

Matt Chafin

Deputy Tax Commissioner/Chief Legal Counsel

Matt comes to the department after eleven years with the Ohio Board of Tax Appeals where most recently he served as an Attorney Examiner. Prior to that Matt worked in the Franklin County Prosecutor's Office as an Assistant Prosecuting Attorney

 

 
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