What are the penalties if I don file?
Interest will be charged monthly on all past due taxes. The monthly interest rate is determined by adding 3% to the Federal short-term rate as defined in Ohio Revised Code 5703.47. Failure to file a final return on the specified filing date will be assessed a penalty of $25 regardless of the tax liability. Failure to pay taxes due will also be subject to a penalty of 1% per month or fraction thereof or $25, whichever is greater.
