Ohio looks to return money to small businesses

YOUNGSTOWN, Ohio (WKBN) — The Ohio Department of Taxation is writing checks to small businesses, and some area employers may be eligible to receive money.

A handful of state cabinet officials from the governor’s office held a seminar Tuesday morning in Youngstown, offering tips and advice for local small business operators to help them lower their expenses and in some cases, even get money back from Columbus.

Among the speakers was a Deputy Tax Commissioner who told the audience that for years, business owners were never told they were paying too much.

“You file an amended return, your tax liability changes, and you forget to ask for the overpayment back, so there are lots of scenarios, but it resulted in a buildup of millions and millions of dollars that was sitting in state coffers that belonged to businesses,” said Deputy Tax ¬†Commissioner Marjorie Kruse.

Since 2012, the state has repaid more than $25 million to various small businesses that had paid more than what they actually owed.

Business owners can call 1-888-405-4039 for general tax questions, or 1-888-722-8829 for questions specifically about the commercial activity tax.

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