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.

Am I subject to IT 2210 interest penalty on underpayment of estimated tax if this is my first year filing an annual return?

Yes. If the tax is $500.00 or more and timely estimated payments have not been made then you may be subject to IT 2210 interest penalty on underpayment of estimated tax (ORC 5747.09). Yes. If for the taxable year the entity computes that the sum of its adjusted qualifying amounts is more that ten thousand dollars (ORC 5747.43).

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