Ohio Closing Agreement
Description
How to fill out Closing Agreement?
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FAQ
Hear this out loud PauseThere are no fees associated with IFTA registration, licenses or decals. Failure to file and/or pay your quarterly return by the due date will result in penalties ($50 minimum or 10% of the tax due whichever is greater), interest, and a notice of proposed revocation will be issued.
Hear this out loud PauseNew Ohio IFTA Fuel Tax Accounts You will need to complete an Ohio application form and submit by mail, fax or in person to the Department of Taxation. There is no fee for decals. You will need one set per qualified vehicle. You should receive your decals within 5-7 business days.
Hear this out loud PauseYou may obtain an application for an IFTA license (see pages A-2 and A-3) by contacting the Ohio Department of Taxation at (614) 466-3921, contacting any of the offices specified on page A-1, or going to our Web site at .ohio.gov/tax.
Hear this out loud PauseThe vendor's license can be closed while filing the final return through the Ohio Business Gateway by selecting ?cancel my account?, or through the Tele-File system. If the final return has previously been filed, the Ohio Business Account Update Form can be used to request a date of cancellation.
The tax shall be levied upon the grantor named in the deed and shall be paid by the grantor for the use of the county to the county auditor at the time of the delivery of the deed as provided in section 319.202 of the Revised Code and prior to the presentation of the deed to the recorder of the county for recording.
Who Should file the IT 1140? A qualifying PTE is required to file an IT 1140 when it is subject to withholding or entity tax on distributive shares of income issued to qualifying investors.
Who Should File Form IT 4708? The IT 4708 is a composite income tax return a PTE elects to file on behalf of its qualifying investors. It is filed in lieu of the IT 1140 (the PTE withholding return). Unlike the IT 1140, a PTE can use the IT 4708 to claim credits or payments made on its behalf by other PTEs.
You may request to close your IFTA account by selecting the "Close IFTA Account" option on the IFTA Licensing Application (RDT 120), IFTA Renewal Application (RDT 123) or the IFTA Tax Return (RDT 121). Upon closure, ensure all IFTA decals are removed from the vehicles and destroyed.
