FAQs - Pass Through Entity

Who should file Ohio form IT 4708, and who should file Ohio form IT 1140?

The PTE files form IT 4708 and pays the tax on behalf of noncorporate investors; investors who are corporations and are still required to file the corporate franchise tax cannot participate in the filing of form IT 4708. The PTE must file form IT 1140 and withhold the tax for qualifying investors that cannot or will not authorize the PTE to file form IT 4708 on their behalf.