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.

Is Form FT 1120 S (Notice of S Corporation Status) required for tax years after 2009?

No.  The Office of the Tax Commissioner issued a waiver of “notice of S election” reporting requirements for S corporations for corporation franchise tax year 2010 and tax year 2011 by a Journal Entry dated October 19, 2010 and  Journal Entry dated October 12, 2011.

However, starting with tax year 2009, the investor information will be incorporated into the pass-through entity returns (see forms IT 1140 and IT 4708 for more information).  These forms are located on our Web site by clicking here and choosing "Pass-Through Entity Tax".  Please note that if the pass-through entity has all full-year Ohio resident investors, the entity is not required to file the IT 4708 or the IT 1140 and this investor information will not be reported on these forms.