Ohio Tax - Manufacturers' Education Council
Ohio Tax - Manufacturers' Education Council
Ohio Tax - Manufacturers' Education Council
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Filing Group Issues<br />
• Changes in <strong>Tax</strong>payer Group<br />
• Must report changes due to acquisitions /<br />
divestitures of entities and adjust registered group<br />
by the filing date of the current quarterly return<br />
• Successor Liability Issues<br />
• ORC Section 5751.10 contains special rules related to a taxpayer that<br />
sells a business, sells 75% or more of the business assets, or quits the<br />
business<br />
• CAT liability becomes due and payable immediately, and a return must<br />
be filed within 15 days<br />
• Successor of the business must withhold a sufficient amount of the<br />
purchase money to cover the amount due, until seller produces proof of<br />
payment and/or no outstanding liability<br />
• If purchaser fails to withhold, successor liability applies and purchaser<br />
is personally liable for up to amount of purchase price<br />
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