Report: Ohio Failed To Return Tax Overpayments
A report by the state watchdog says Ohio has failed to return more than $30 million in business tax refunds to companies that properly requested the money. The investigation by the Ohio Inspector General found that $34 million in requested refunds dating back several years were placed on pending status and therefore not paid out. The report released Thursday said the issue, which violates Ohio tax law, dates to at least 1999. The Inspector General also said the practice of the Department of Taxation was not to inform taxpayers of any overpayments. Last year, as the investigation was under way, the agency said it would begin alerting businesses when they've unknowingly overpaid taxes and help them reclaim their money.