Ohio Taxing Information
Once the Department of Taxation becomes aware of an unpaid tax bill, an assessment will be issued. An assessment is a bill for a tax liability. If an assessment is left unaddressed for long enough, the associated account will be turned over for collections.
As a means of resolving liability, the state may levy your bank accounts, taking up to the amount you owe. While the bank is legally required to comply with a levy, there is a holding period in which it is possible to regain seized funds. If you are or believe you will be subject to a bank levy, it is recommended that you seek professional advice immediately.
Failure to fully pay or otherwise resolve a tax liability can result in an enforced collection process. You will be notified beforehand of any action the state intends to take.
If you disagree with an assessment, you may object to it in writing and in a timely manner. The assessment will provide details on how to do this. You will need to substantiate any disagreement you have.
Priority One: Stopping Aggressive Enforced Collections
Offer in Compromise
If you are unable to pay your liability, either in full or through a regular installment plan, you may be able to settle it for less than that full amount through an Offer in Compromise. The conditions that qualify you for an OIC are very particular, including the presence of serious doubt regarding the collectability of your liability, or proof that collection will result in economic hardship.
As the state is obligated to protect its interests, you will need to comply closely with any terms and conditions set forth upon the acceptance of an OIC.
Failure to pay or file taxes on time can result in additions to your total liability in the form of penalties. Penalties vary in amount by the circumstances and type of tax left unpaid.
Power of Attorney
You may choose to have a qualified professional represent you before the state. This requires that you authorize the chosen individual to do so through the completion and submission of the appropriate documents, prior to any discussion of tax matters.
The state may move to resolve your liability through the garnishment of your wages. A garnishment remains in place until the liability is paid in full. If you are currently or believe you will be subject to garnishment, it is recommended that you seek professional advice immediately.