Speaking of Ohio and taxes, the state Department of Taxation announced a tax amnesty program that was approved by the legislature as part of the FY18 budget debate and signed by Governor John Kasich earlier this fall. The amnesty program will be available to individuals and businesses with unreported and/or under-reported income beginning on January 1st and ending February 15. According to Tax Commissioner Joe Testa, the program is not available to individuals or businesses that have already been notified of tax delinquency. Others however, who may have not reported or under-reported income can avoid penalty charges and half of the interest they would be liable for if they correct their errors within the six week time-frame. Ohio last offered a tax amnesty program back in 2012.
