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Ohio Free Printable  for 2021 Ohio Pass-Through Entity and Trust Withholding Tax Return

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Pass-Through Entity and Trust Withholding Tax Return
Form IT 1140

Reset Form Do not staple or paper clip. Rev. 09/21/20 2020 Ohio IT 1140 Pass-Through Entity and Trust Withholding Tax Return 20170106 Use only black ink and UPPERCASE letters. Amount fields use only whole dollar amounts, no cents. Check here if amended return Reporting Period Start Date Check here if final return Check here if the federal extension was granted FEIN Entity Type: (check only one) Name of pass-through entity S corporation Partnership Limited liability company Trust Reporting Period End Date Address (if address change, check box) State City Foreign State Code Country Code Do not staple or paper clip. Total number of investors ZIP code Foreign country (if the mailing address is outside the U.S.) Number of investors included on return Foreign postal code Ownership percentage of investors on return Apportionment ratio, line 24 Schedule I – Reconciliation Tax and Payments If the amount on a line is negative, place a “–” in the box provided. Note: No credits allowed to be claimed in schedule I. 1. Tax for each column (from Schedule II, line 20, columns A and B or from Schedule IV, line 30)................................................ Column (B) – Entity Tax Column (A) – Withholding Tax 2. Interest penalty on underpayment of tax (include Ohio IT/SD 2210)....................... 2a. Add lines 1 and 2.................................... 3. Ohio IT 1140 UPC payments the entity or trust made......................................................... 3a. Ohio IT 4708 estimated (UPC) payments you are claiming on this return (see instructions). 3b. Ohio IT 1140 estimated (UPC) payments you are claiming on an IT 4708 and not on this return (see instructions)..................... 3c. Net payments (sum of lines 3 and 3a minus line 3b) if less than zero, enter zero.......... 4. For each column, subtract line 3c from line 2a............................................. 5. If the sum of line 4, columns A and B is an overpayment, enter that sum here..... OVERPAYMENT 5a. Amount of line 5 to be CREDITED to year 2021................................................CREDIT TO 2021 5b. Amount of line 5 to be REFUNDED (line 5 minus line 5a)...................................YOUR REFUND 6. If the sum of line 4, columns A and B is a balance due or zero, enter here........................................ 7. Interest due on late payment of tax (see instructions)............................................................................. 8. Total amount due (add lines 6 and 7). Make check payable to Ohio Treasurer of State. Include Ohio IT 1140 UPC and place FEIN on check............................................................................. If refund is $1.00 or less, no refund will be issued. If Amount Due $1.00 or less, no payment is necessary. For Department Use Only Do not write in this area; for department use only. Postmark date Code 2020 IT 1140 – pg. 1 of 6 2020 Ohio IT 1140 Pass-Through Entity and Trust Withholding Tax Return Rev. 09/21/20 FEIN 20170206 Use only black ink and UPPERCASE letters. Amount fields use only whole dollar amounts, no cents. Sign Here (required): I have read this return. Under penalties of perjury, I declare that, to the best of my knowledge and belief, the return and all enclosures are true, correct and complete. Do not staple or paper clip. Place any supporting documents, including Ohio IT K-1(s), after the last page of this return. Pass-through entity officer or agent (print) Title of officer or agent (print) Phone number Signature of pass-through officer or agent Date (MM/DD/YY) Preparer’s name (print) Phone number Preparer’s e-mail address PTIN Do you authorize your preparer to contact us regarding this return? Yes Mail to: Ohio Dept. of Taxation P.O. Box 181140 Columbus, OH 43218-1140 No Instructions for this form are on our website at tax.ohio.gov. If the amount on a line is negative, place a “–” in the box provided. Schedule II – Qualifying Pass-Through Entities – Tax Due Use this schedule to calculate the adjusted qualifying amounts and tax due for all qualifying investors in qualifying pass-through entities. Include federal K-1(s) and a listing of pass-through credits of participating investors. See “Special Notes” in the instructions, which are available on our website at tax.ohio.gov. 9. Sum of all qualifying investors’ distributive shares of income, gain, expenses and losses ............... Column (A) – Withholding Tax Column (B) – Entity Tax ... 1 0. Add I.R.C. 168(k) and 179 depreciation expense for current taxable year and any applicable federal conformity adjustments. Complete Schedule V .......... 10a. 2/3, 5/6 or 6/6 (check applicable box) 11. Deduct I.R.C. 168(k) and 179 depreciation expense added back in a previous year and any applicable federal conformity adjustments. Complete Schedule V................................................ 1 2. Sum of lines 9 and 10 minus line 11....... ... 13. Adjustments for qualifying investors’ share of expenses and losses incurred by the pass-through entity with its related members, including certain investors’ family members ............................. 14. Guaranteed payments made by a pass-through entity to the investors included on this return who directly or indirectly own at least 20%................... 15. Compensation paid by the passthrough entity to the investors included on this return who directly or indirectly own at least 20% ....................... Do not write in this area; for department use only. 2020 IT 1140 – pg. 2 of 6 Rev. 09/21/20 FEIN 2020 Ohio IT 1140 Pass-Through Entity and Trust Withholding Tax Return 20170306 Use only black ink and UPPERCASE letters. Amount fields use only whole dollar amounts, no cents. Schedule II – Qualifying Pass-Through Entities – Tax Due...continued. Column (B) – Entity Tax Column (A) – Withholding Tax 16. Sum of lines 12, 13, 14 and 15, but not less than zero....................................... . 17. Apportionment ratio from line 24................................................... . 18. Adjusted qualifying amount (line 16 times line 17). If the sum of columns A and B exceed $1,000 continue to line 20......................................................... X .05 19. Tax rate........................................................ X .085 20. Tax due (line 18 times line 19). Enter column A on line 1, column A. Enter column B on line 1, column B.......... Schedule III – Qualifying Pass-Through Entities – Apportionment Worksheet Use this schedule to calculate the apportionment ratio for a qualifying pass-through entity that is not a financial institution as defined in Ohio Revised Code section (R.C.) 5725.01. If the pass-through entity is a financial institution, refer to the instructions. Note: All ratios are to be carried to six decimal places. Within Ohio Total Everywhere 21. Property a) Owned (average cost) Within Ohio Total Everywhere Within Ohio Total Everywhere b) Rented (annual rental X 8) c) Total (lines 21a and 21b) = Within Ohio Ratio Weight . Total Everywhere Ratio ÷ Weight Weighted Ratio 0 . x = . . Total Everywhere Within Ohio 23. Sales = Weighted Ratio 0 . x = . 22. Payroll = ÷ Ratio ÷ Weight Weighted Ratio 0 . x = . 24. Total weighted apportionment ratio (add lines 21c, 22 and 23). Enter ratio here and on line 17 above (both columns)......... . . Weighted Ratio Note: If the denominator of any factor is zero, the weight given to the other factors must be proportionately increased so that the total weight given to the combined number of factors used is 100%, i.e., if no property/payroll, use 25% and 75%; if no sales, use 50% property/payroll; if only one factor, use 100%. Do not write in this area; for department use only. 2020 IT 1140 – pg. 3 of 6 2020 Ohio IT 1140 Pass-Through Entity and Trust Withholding Tax Return Rev. 09/21/20 20170406 Use only black ink and UPPERCASE letters. Amount fields use only whole dollar amounts, no cents. FEIN If the amount on a line is negative, place a “–” in the box provided. Schedule IV – Trusts – Tax Due Use this schedule to calculate the adjusted qualifying amounts and withholding tax due for nonresident individuals who are beneficiaries of trusts that made distributions of either income or gain attributable to the trust’s ownership of or disposition of either tangible personal property located in Ohio or real property located in Ohio. 25. Sum of all distributions to nonresident individuals of income or gain attributable to the trust’s ownership of or disposition of either tangible personal property located in Ohio or real property located in Ohio............................................................................................ ..... 26. Add I.R.C 168(k) depreciation expense for current year and any applicable federal conformity adjustments. Complete Schedule V............................................................................... 26a. 2/3 5/6 6/6 27. Deduct I.R.C. 168(k) depreciation expense added back in a previous year and any applicable federal conformity adjustments. Complete Schedule V.................................................... 28. Sum of line 25 and 26 minus line 27..................................................................................... ..... X .05 29. Tax rate.......................................................................................................................................................... 30. Tax due: Line 28 times line 29. Enter here and on line 1, column A.................................................. Schedule V – 168K Bonus Depreciation and 179 Expense Add-back Schedule Check the box if the depreciation add-back has been waived 31. Total current year sections 168K bonus depreciation and 179 expense adjustment.......................... 32. Prior years add-back amount and applicable add-back ratio Column (A) – Amount Column (B) – Ratio 32a. Year Prior................................ 32b. 2 Years Prior........................... 32c. 3 Years Prior........................... 32d. 4 Years Prior........................... 32e. 5 Years Prior........................... 2/3 5/6 6/6 2/3 5/6 6/6 2/3 5/6 6/6 2/3 5/6 6/6 2/3 5/6 6/6 Schedule VI – Investor Information First list the investors whose income is included on the return in order from highest to lowest ownership percentage. Then list all remaining investors from highest to lowest ownership percentage. Use additional sheet, if necessary. SSN Check the box if the investor is included on the return. FEIN FEIN First name / entity Percent of ownership M.I. . Last name Amount of PTE tax credit Address City State ZIP code Do not write in this area; for department use only. 2020 IT 1140 – pg. 4 of 6 Rev. 09/21/20 FEIN 2020 Ohio IT 1140 Pass-Through Entity and Trust Withholding Tax Return 20170506 Use only black ink and UPPERCASE letters. Amount fields use only whole dollar amounts, no cents. Schedule VI – Investor Information...continued. Provide investor information for all (resident and nonresident) investors in the pass-through entity or trust. List investors by highest to lowest ownership percentage. Use an additional sheet, if necessary. Check the box if the investor is included on the return. SSN Percent of ownership FEIN First name / entity M.I. . Last name Amount of PTE tax credit Address City State ZIP code Check the box if the investor is included on the return. SSN FEIN First name / entity Percent of ownership M.I. . Last name Amount of PTE tax credit Address City State ZIP code Check the box if the investor is included on the return. SSN First name / entity FEIN Percent of ownership M.I. . Last name Amount of PTE tax credit Address City State ZIP code Do not write in this area; for department use only. 2020 IT 1140 – pg. 5 of 6 Rev. 09/21/20 FEIN 2020 Ohio IT 1140 Pass-Through Entity and Trust Withholding Tax Return 20170606 Use only black ink and UPPERCASE letters. Amount fields use only whole dollar amounts, no cents. Schedule VI – Investor Information...continued. Provide investor information for all (resident and nonresident) investors in the pass-through entity or trust. List investors by highest to lowest ownership percentage. Use an additional sheet, if necessary. Check the box if the investor is included on the return. SSN Percent of ownership FEIN First name / entity M.I. . Last name Amount of PTE tax credit . Address City State ZIP code Check the box if the investor is included on the return. SSN FEIN First name / entity Percent of ownership M.I. . Last name Amount of PTE tax credit . Address City State ZIP code Check the box if the investor is included on the return. SSN First name / entity FEIN Percent of ownership M.I. . Last name Amount of PTE tax credit . Address City State ZIP code Do not write in this area; for department use only. 2020 IT 1140 – pg. 6 of 6
Extracted from PDF file 2020-ohio-form-it-1140.pdf, last modified September 2018

More about the Ohio Form IT 1140 Corporate Income Tax Tax Return TY 2020

We last updated the Pass-Through Entity and Trust Withholding Tax Return in March 2021, so this is the latest version of Form IT 1140, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form IT 1140 directly from TaxFormFinder. You can print other Ohio tax forms here.

Related Ohio Corporate Income Tax Forms:

TaxFormFinder has an additional 82 Ohio income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Ohio Form IT 1140.

Form Code Form Name
Form IT 1140P Ohio Withholding Tax Payment Coupon for Pass-Through Entities and Trusts
Form IT 1140ES Ohio Estimated Withholding Tax Payment Coupon for Pass-Through Entities and Trusts

Download all OH tax forms View all 83 Ohio Income Tax Forms


Form Sources:

Ohio usually releases forms for the current tax year between January and April. We last updated Ohio Form IT 1140 from the Department of Taxation in March 2021.

Show Sources >

Form IT 1140 is an Ohio Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Ohio Form IT 1140

We have a total of ten past-year versions of Form IT 1140 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 Form IT 1140

PTE_IT1140_02_Return_Final_2016_FS_103116.indd

2015 Form IT 1140

PTE_IT1140_Return_Scannable_Final_2015_FS_112415.indd

Pass-Through Entity and Trust Withholding Tax Return 2014 Form IT 1140

PIT_IT1140_Return_Scannable_Final_2014_FS_111214.indd

Pass-Through Entity and Trust Withholding Tax Return 2013 Form IT 1140

PIT_IT1140_Return_Scannable_Final_2012_FI_112912.indd

2012 Form IT 1140

PIT_IT1140_Return_Scannable_Final_2012_FI_112912.indd

2011 Form IT 1140

PIT_IT1140_Return_Final_2011_FI_062411.indd


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