Tax News

CCH (cch.taxgroup.com) reports:

  The Ohio Department of Taxation has issued a new information release explaining that there is no voluntary disclosure program for the commercial activity tax (CAT) because, due to the relative newness of the tax, all issues of noncompliance are within the statute of limitations for assessment. However, under current department policy, penalties will be waived for taxpayers that come forward to register, file, and pay the CAT, provided that the taxpayer was not previously contacted by the department through any audit or compliance, and that the taxpayer is not under investigation by the department's enforcement division.

  Interest is still due on delinquent accounts, and taxpayers liable for the CAT are encouraged to immediately register, file all outstanding returns, and pay any liability and interest due. Specific information regarding registration and filing is found within the release which can be viewed on the department's Web site, at
http://tax.ohio.gov/divisions/communications/information_releases/cat_2008_01.stm.

CAT Information Release 2008-01, Ohio Department of Taxation, July 25, 2008.