Ohio Financial Institutions Tax (FIT) Return Filing Deadline Approaching

Update to financial institutions subject to the Ohio Financial Institutions Tax: the due date for filing the annual Ohio FIT Return is Monday, October 17, 2016. If you are unsure whether your company is subject to the Ohio Financial Institutions Tax, check out Biz&TaxHax’s prior article outlining the Top 10 Things You Need to Know about the Ohio FIT. Ohio FIT taxpayers are required to file any Ohio FIT Annual Report or Estimated FIT Report and make any payment electronically through the Ohio Business Gateway (OBG). Additionally, if your business is an Ohio FIT taxpayer with eligible tax credits to apply against the Ohio FIT, be sure to prepare and the FIT Credit Schedule with the Ohio FIT Return. 

As always, an Ohio tax lawyer or Ohio tax consultant can fully evaluate your facts and circumstances along with applicable law and guidance to develop the most effective, efficient, and proper solution to your Ohio FIT compliance and planning needs. Please contact me should your company need assistance related to the Ohio Financial Institutions Tax.

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