Ohio Department of Taxation Missing Intent of Small Business Tax Deduction Statute

Income of a business owned by a pass-thru entity (PTE) is generally subject to Ohio income tax in the hands of the owner. PTEs include partnerships, “S” corporations and limited liability companies. Starting in 2013, the definition of “adjusted gross income” found in ORC section 5747.01(A) was amended to permit each small business owner to […] The post Ohio Department of Taxation Missing Intent of...
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