Tax Advisor - Deadline Changes for CAT Filings
Major deadline changes for Ohio CAT taxpayers – effective Oct. 15, 2009
Annual Minimum Tax Due Date Changes
There is good news for businesses that pay the commercial activity tax (CAT). Beginning this year, the $150 annual minimum tax (AMT), normally due in February, is due no later than May 10. For calendar year taxpayers, this will be due with the annual tax return. Calendar quarter taxpayers will pay the AMT as part of the first quarter return (rather than with the fourth quarter return due the previous year, as was required).
Quarterly CAT Return Due Date Changes
In an effort to simplify the process, due dates for CAT returns have also changed. Previously, they were due on the 40th day after the end of each tax period. Now, they will be due the tenth day of the second month following each tax period. In other words:
| Filing Period | Filing Due Dates |
| Jan. 1 - March 31 | May 10 |
| April 1 - June 31 | Aug. 10 |
| July 1 - Sept. 30 | Nov. 10 |
| Oct. 1 - Dec. 31 | Feb. 10 |
Cancellation of CAT Accounts
In the past, taxpayers had until Feb. 10 of the privilege year, to cancel their account for that year without being subject to the $150 AMT for that year. However, coinciding with the new AMT due date, the cancellation date is now May 10 of the privilege year.
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For more information, contact:Mike Hydell, CPA, senior tax manager
330.255.2456
Email
Additional resources:
Tax Advisor