The taxpayer timely filed the Ohio IT 1040 (and SD 100 if applicable).The benefit is included in the taxpayer's Ohio adjusted gross income* and/or the taxpayer's traditional school district income tax base.The taxpayer received unemployment benefits in 2020.To qualify for the waiver, all of the following must be true: 18 allows the Department of Taxation to waive interest, penalty and/or interest penalty (IT/SD 2210) related to unemployment income reported on the IT 1040 and/or the SD 100. Additionally, taxpayers who filed their federal return prior to the enactment of the unemployment benefits deduction should see IR-2021-71 for federal refund information. The IRS's current guidance on the federal taxation of unemployment benefits can be found here. When completing the "Reasons and Explanation of Corrections" form, check the "Federal adjusted gross income decreased" box and list "Federal unemployment deduction refund" in the "Detailed explanation" section. Complete the Ohio Reasons and Explanation of Corrections (Ohio form IT RE or SD RE).Include a copy of your IRS Tax Account Transcript showing your new federal AGI, which are available at irs.gov/individuals/get-transcript or by calling 80 AND.File an amended Ohio IT 1040 (and an amended SD 100 for those who reside in a traditional tax base school district) to report your new federal adjusted gross income (AGI).Taxpayers who filed their federal and Ohio returns prior to the enactment of the federal unemployment benefits deduction and are waiting for the IRS to issue a refund (or have already received the refund) must do all of the following after the IRS issues the refund:.In place of items 1 and 2, taxpayers may provide their IRS Tax Account Transcript if the transcript reflects a reduction in their federal AGI based on the unemployment benefit deduction. Any other supporting documentation needed to substantiate the changes reported.A "Reasons and Explanation of Corrections" (Ohio form IT RE or SD RE) AND. A copy of their federal refund check(s) or proof of direct deposit(s).A copy of their federal amended return.Taxpayers must include the following with their amended Ohio return(s): Taxpayers who file an amended federal return should wait to file their amended Ohio IT 1040 (and an SD100 for those who reside in a traditional tax base school district) until the IRS has approved the requested changes.Such taxpayers are not entitled to any additional Ohio refund.
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