Ohio State Bar Association: Sales and Use Tax Subcommittee Report
September 29, 2017
As co-chairs of the Ohio State Bar Association Sales / Use Tax Subcommittee, click here or see below to view the report Steve and Rich presented at the September 28, 2017 Taxation Committee meeting. As you will notice, many of the Ohio sales / use tax cases recently decided by the Board of Tax Appeals were based upon a lack of proof by the… Read More
The Multistate Tax Commission offers the unique opportunity for online sellers to commence sales tax collection without fear of assessment for past periods.
August 24, 2017
The MTC has introduced the online marketplace voluntary disclosure initiative beginning August 17, 2017. This program allows online sellers that use a third-party facilitator to store inventory and fulfill sales outside its home state, such as Amazon FBA. The taxpayer must apply for the program between August 17 and October 17, 2017. Twenty three states… Read More
Ohio Commercial Activity Tax: Board of Tax Appeals takes first stab at situsing receipts from tangible personal property sales – Finally!
Gross receipts from sales of tangible personal property are sitused to Ohio if the goods are received by the purchaser in Ohio. R.C. 5751.033(E). The statute provides that the property is sitused to the place where it “is ultimately received after all transportation has been completed”. In Greenscapes Home and Garden Products, Inc. v. Testa,… Read More
Tax Talk – Rich Fry and Key Takeaways from the Ohio Budget Bill
July 15, 2017
Welcome to TaxTalk–a video series where Buckingham Partners Steven A. Dimengo and Richard B. Fry discuss hot topics, new developments and tax law you need to know. Rich Fry talks about the main points ofthe Ohio Budget Bill. Click the link above to watch a short video.
Ohio’s Budget Bill: Eliminating taxpayer rights, expanding nexus and another amnesty program
July 13, 2017
Ohio’s Biennial Budget Bill (Am. Sub. H.B. 49) was signed into law by Governor Kasich on June 30, 2017, undoubtedly with much effort and compromise from Ohio’s legislatures who bridged a massive budget deficit, estimated to be as much as $1 billion. Many of the headlines have focused on the Medicaid limitations –which remain up… Read More
Ohio Sales Tax Audits: No exemption certificates? Ohio vendors have several additional avenues for demonstrating that its sales were not subject to tax
June 19, 2017
As part of a routine audit of a vendor’s sales, the Ohio Department of Taxation (“DOT”) will ask the vendor to produce exemption certificates to support any sales for which no tax had been collected. Generally, vendors should collect exemption certificates from their customers at the time of the sale or with 90 days thereafter. Accepting a… Read More