Closing A Business
Cigarette wholesalers who are closing their business must
indicate on their final monthly or semiannual return that the
return is a final return. Before the date of closing,
stamping cigarette wholesalers must have a final inventory
conducted by the Department of Taxation. Any unused tax
stamps must be returned to the Ohio Department of Taxation. A
refund for those tax stamps will be issued after the final
return and all applicable schedules have been received and
verified. Cigarette wholesalers are also required to file a
final tobacco Master Settlement Agreement Report (MSA 60),
which details the quantity of cigarettes and roll-your-own
tobacco sold within a monthly period, by brand.
For tax questions, refer to contact us.