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Who is required to file an Occupational License Tax Return (Form OL-3)?

April 26, 2017file form license Occupational OL-3 tax return

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Who is required to file an Occupational License Tax Return (Form OL-3)?

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Any individual (resident or non-resident) or business entity (partnerships, corporations, or S-Corporations) who receive taxable compensation are required to file a Form OL-3 and pay the occupational tax to the Revenue Commission, if due. If taxes are not withheld by your employer or you are engaged in a business, you must file a Form OL-3 each year whether or not tax is due. Business activity includes rental property, sole proprietorships (Schedule C), partnerships, and corporations. Even if your business has a loss for the year, you are still required to file Form OL-3.