Instructions for Form 27 Net Profit Income Tax - Ohio

Form 27 Rita Net Profit Tax Return - Ohio

This document contains official instructions for Form 27 , Net Profit Income Tax - a form released and collected by the Ohio Regional Income Tax Agency (RITA). An up-to-date fillable Form 27 is available for download through this link.

FAQ

Q: What is Form 27?
A: Form 27 is a tax form used in Ohio to report net profit income.

Q: Who needs to file Form 27?
A: Anyone who has net profit income in Ohio needs to file Form 27.

Q: What is net profit income?
A: Net profit income is the income left after deducting expenses from your business or self-employment earnings.

Q: What expenses can be deducted?
A: Expenses such as supplies, equipment, and business-related travel can be deducted.

Q: When is the deadline to file Form 27?
A: The deadline to file Form 27 is the same as the individual incometax deadline, which is typically April 15th.

Q: Are there any penalties for late filing?
A: Yes, there are penalties for late filing, so it's important to submit your Form 27 on time.

Q: Do I need to include payment with Form 27?
A: Yes, if you have a balance due, you need to include payment with your Form 27.

Q: What if I have additional questions?
A: If you have additional questions, you can contact the Ohio Department of Taxation for assistance.