Ohio Seeks to Refund Tax Overpayments to Businesses Update
Govorner Kasich has announced plans for a new statutory policy of refunding overpaid taxes to businesses, even if the business is unaware of the overpayment. This goes against the previous policy of simply holding any overpayments unless the business requested them by filing the appropriate tax returns and refund requests.
Ohio Tax Commissioner Joe Testa also recently announced an initiative to contact businesses where a potentially unknown overpayment exists. Citing modifications to the State’s systems and culture, he vowed to ensure the taxpayer’s interests are protected now and in the future.
To find out if your business may be due a refund of overpaid taxes, call 1-800-304-3211 or email the Dept. of Taxation here.
