Welcome to SITE NAME

Skip Navigation

Please Note: You are viewing the non-styled version of SITE NAME. Either your browser does not support Cascading Style Sheets (CSS) or it is disabled. We suggest upgrading your browser to the latest version of your favorite Internet browser.

Ohio.gov

Ohio Department of Taxation Corporation Franchise Tax

Closing A Business

Generally, each corporation which ceases to do business in Ohio and which no longer owns property in Ohio must file an “exit income tax return” and pay tax on net income not been reported on a previously-filed Ohio franchise tax report. For detailed information, please refer to the topic entitled, “Exit Tax – Ohio Revised Code section 5733.06(H),” in the instructions to the Ohio corporation franchise tax report, FT 1120.

For tax questions, refer to contact us.