If you underpay your sales and use taxes, the Department of Revenue will find the error and collect. But, when you’ve overpaid, a reverse audit may be the only way to catch the error.
The Tax Cuts and Jobs Act (TCJA) contains a provision that ties revenue recognition for book purposes to income reporting for tax purposes, for tax years starting in 2018.
Ohio has an aggressive audit program to seek companies doing business in the state. Here’s what you need to know about the Ohio Commercial Activity Tax (CAT).
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