Frequently Asked Questions

The Ohio Department of Taxation has compiled a list of frequently asked questions covering many different categories.

To view the questions, click on the "Select Category" bar and then click on the category you are interested in.  A list of questions will appear pertaining to that category. Then click on the question you are inquiring about and the answer will appear.

What prevented the tax department from mandating that all pass-through entities file form IT 4708 for its nonresident investors rather than allowing an option for filing form IT 1140?

Ohio Revised Code Section 5747.08 (D), does not allow C corporations to participate in the filing of the IT 4708. Reason: There are concerns that corporations might manipulate the apportionment factors to avoid paying the appropriate amount of tax. Thus, the law had to provide for a return (IT 1140) which the pass-through entity could file on behalf of qualifying investors which are corporations.