OH School District Income Tax: Failure to File Notices

The Ohio Department of Taxation began sending Failure to File notices by regular mail on June 5, 2017 to taxpayers who:

  • Have not filed an Ohio School District Income Tax Return Form SD 100 for 2013, 2014 and/or 2015; and
  • Appear to have lived in a taxing school district based on the school district number and/or mailing address reported on the taxpayer’s Ohio Individual Income Tax Return (Ohio Form IT-1040) filed for 2013, 2014, and/or 2015.

To learn more about the Ohio School District Income Tax, read their Guide.

If you receive(d) a notice and need assistance, please contact a member of our State and Local Tax Team.

 

Midwest SALT Tour – Sales Tax Update

The final leg of our Midwest SALT Tour through Mankato, Sioux Falls, and Fargo will take place November 8, 9, and 10. This Sales Tax Update will discuss current legislation and the ways in which taxes impact your business, as well as what you can do to limit your exposure and potential liabilities. For more information and to register for one of these sessions, visit www.eidebailly.com/SALTtour.

Webinar: Talking to Your Clients About Sales Tax

Judy Vorndran Esq. CPA, of Eide Bailly will be presenting this Avalera sponsored webinar on January 7, 2013.

Course Description

Sales tax laws are often complex and confusing, even a neighborhood bakery faces complex taxability decisions. Many companies provide little or no training for their employees regarding the proper methods of collecting and reporting sales taxes. An employee with little or no formal training could be collecting and remitting substantial amounts of sales tax. If your client has a sales tax liability, there are methods to potentially reduce or remove penalties and interest. Beginning the sales and use tax discussions with our clients should not be a scary proposition. In many cases sales tax exemptions or credits may be available. Learn how to locate and apply for those exemptions and you can be the client’s tax super hero.

To register:
http://cpaacademy.org/webinars/a0DC000000W6nImMAJ

Combined Sales Tax Rates

Sales tax can be tricky, especially when you are analyzing combined sales tax rates (state rate plus city or local rate).
In some states (Delaware, New Hampshire, and Oregon) you will find no sales tax. In others (Alaska, and Montana) you will find no State sales tax but you may be charged local sales tax.

In many states you can cross the street, and be subjected to a completely different set of sales tax rules.

The highest average combined rates (highest to lowest) are in Tennessee, Arkansas, Louisiana, Washington, and Oklahoma. The lowest are (lowest to highest) Alaska, Hawaii, Maine, and Wisconsin.

The highest combined rate is in Tuba City, Arizona (%12.725), though Homer and Seldovia, AK, and Snowmass, CO have a higher local rate (7.5%)

The list goes on, and the people at the Tax Foundation have done a very good job analyzing this data. To see the article and read more visit:
http://taxfoundation.org/article/state-and-local-sales-tax-rates-midyear-2013

Flood Money!

North Dakota is offering a Sales Tax Refund for residents who incurred flood damage in the 2011 flood. There are some stipulations though.

To find out if you qualify, or to find out how to file for this refund visit the link below:

http://www.nd.gov/tax/misc/faq/salesanduse/floodfaq.html#Question10

Denver Property Tax: New Protest Procedures

If you own property in Denver then you have probably already received your property evaluations. However if you think that your property was assessed at an astronomically high rate there are some new procedures in place to make dealing with it allot simpler. The deadline to file a protest is now November 15th, which is a considerably longer amount of time than in previous years. Also several steps in the protest procedure have been combined into one single appeal.

Read More:

http://www.faegrebd.com/19841

Potentially Deceptive Solicitation in Colorado

Colorado businesses are being notified by the Colorado Secretary of State of another possibly deceptive solicitation issued by “Compliance Services.”  Solicitations, which are titled “Annual Minutes Requirement Statement Directors and Shareholders” have been mailed to businesses in Colorado and are offering to prepare documents to satisfy the annual minutes requirement for a $125.00 fee.  Many businesses are required to keep records of annual minutes; however, there are no requirements to file such records of annual minutes under COLORADO REVISED STATUTES Section 7-90-501 with the Secretary of State’s Office, any other governmental entity or third party.

In addition, records of annual report filing with the Secretary of State’s Office are in fact a separate requirement from records of annual meetings.  Records of annual report filing, which for most businesses is just a $10 fee, may be filed with Colorado Secretary of State’s website at www.sos.state.co.us.

For additional information or clarification regarding this, please contact the Colorado Secretary of State office at 303-894-2200, then press 2, or email business@sos.state.co.us