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Ohio Audit Penalty Method Changed by Department of Taxation

PDF/Printer Friendly Version The Ohio Department of Taxation's Audit Division has recently instituted a new method of applying penalty in an effort to be more uniform in its application of penalty on audits. Audits will now have the maximum statutory penalty automatically applied to all audits. Previously, the Audit Division started the audit with no penalty due, but used a penalty worksheet that calculated the amount of penalty that a taxpayer earned based on numerous factors including (but not limited to): prior registration, tax compliance, prior audit improvement and audit cooperation. Statutory penalties vary depending on the type of tax and, in the case of trust taxes, whether tax was

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