Ohio Society of CPAs: ODT Sent Errant Refunds - Seeking Money Back
November 02, 2024
November 02, 2024
COLUMBUS, Ohio, Nov. 2 -- The Ohio Society of CPAs issued the following news:
The Ohio Department of Taxation (ODT) recently informed OSCPA that a small number of taxpayers received refunds or increases to credit carryforward amounts that should not have occurred.
ODT's system, due to an internal software issue, was treating box one of the federal 1099-INT (interest income received) as Ohio income tax withheld. For example, a taxpayer who had $3,000 of interest income . . .
The Ohio Department of Taxation (ODT) recently informed OSCPA that a small number of taxpayers received refunds or increases to credit carryforward amounts that should not have occurred.
ODT's system, due to an internal software issue, was treating box one of the federal 1099-INT (interest income received) as Ohio income tax withheld. For example, a taxpayer who had $3,000 of interest income . . .