Is Form FT 1120S (Notice of S Corporation Status) required after tax year 2009?
No. The Office of the Tax Commissioner issues an administrative journal entry each year waiving the filing requirement for S corporations after the 2009 tax which is based on the taxable year ending 2008.
Accordingly, S corporations do not need to file Form FT 1120S as the administrative journal entry overrides the filing requirements in R.C. 5733.09(B) for S corporations. Investor information previously reported on the FT 1120S will now be reported on either the (a) IT 4708 – Composite Income Tax Return for Certain Investors in a Pass-Through Entity or (b) IT 1140 – Pass-Through Entity and Trust Withholding Tax Return. These forms are available on our Web site at Tax Forms by searching pass-through entity tax.
|
|
|
|
|
|
|
|
|
|
|
|
|