Ohio Application for Financial Institutions Tax Refund

Application for Financial Institutions Tax Refund
Form FIT REF
FIT REF

Application for Financial
Institutions Tax Refund

Do not use staples.
FEIN

FIT account number

Rev. 7/23

Payee ID (required for refunds $50,000 or greater)

Use only UPPERCASE letters.

Name

Street address (number and street)
City

State

For financial institutions tax report year	
Total amount of refund claimed

$

ZIP code

based on calendar year

,

,

.

State full and complete reasons for the above claim. You may attach additional sheets and/or supporting documentation.

Payment of the amount upon which this refund claim is based, was made or included in the following remittance(s) (include all payments made for the
report year). Attach additional payment schedule, if necessary:

Amount

Date

Amount

Date

Total Payments	

=	

$	

SIGN HERE (required)
I declare under penalty of perjury that I am the taxpayer or the taxpayer’s authorized agent having knowledge of the relevant facts in this matter to file
this refund application.



Signature	

Date (MM/DD/YY) 	

Name	

Title	

E-mail
Phone

Taxpayer representative: The taxpayer will be represented in the matter by the following individual. Please attach a Declaration of Tax Representative
(Ohio TBOR 1), which can be found on the department’s Web site at tax.ohio.gov.
First name

M.I. Last name

Title
Phone

Firm name
E-mail

Options to send this request: Electronically: tax.ohio.gov – Contact Us - Online Notice Response Service or
gateway.ohio.gov – Online Notice Response Service: eFax – 206-666-4462;
Mail: Ohio Department of Taxation, FIT-REF, P.O. Box 2476 Columbus OH 43216-2476

Information and Pertinent Law Sections
To the extent that a refund is granted on this application, either
in whole or in part, the Department of Taxation will calculate
and include the appropriate amount of interest in the refund
payment made to the applicant. The applicant should not
include such interest in the "Total amount of refund claimed."
Payee ID: The Department will now issue all refunds of
$50,000 or greater via direct deposit. In order to receive a
refund via direct deposit, please register as a Payee with
OhioPays. For more information, please visit ohiopays.ohio.
gov.
Financial institutions tax refunds are governed by R.C. section
5726.30, which provides in pertinent part as follows:
(A) The tax commissioner shall refund amounts imposed
under this chapter that a person overpaid, paid illegally
or erroneously, or paid on an illegal or erroneous assessment. The person shall file an application for refund
with the tax commissioner, on the form prescribed by the
commissioner, within four years after the date of the illegal or erroneous payment, or within any additional period allowed under division (B) of section 5726.20 of the
Revised Code. The applicant shall provide the amount of
the requested refund along with the claimed reasons for,
and documentation to support, the issuance of a refund.

FIT REF
Rev. 7/23

For purposes of this division, a payment that an applicant
made before the due date for filing the report to which the
payment relates shall be deemed to have been made on
the due date of the report.
(B) Upon the filing of a refund application, the tax commissioner shall determine the amount of refund to which
the applicant is entitled. If the amount is not less than
that claimed, the commissioner shall certify the amount
to the director of budget and management and treasurer
of state for payment from the tax refund fund created under section 5703.052 of the Revised Code. If the amount
is less than that claimed, the commissioner shall proceed
in accordance with section 5703.70 of the Revised Code.
(C)(1) Except as provided in division (C)(2) of this section, interest on a refund applied for under this section,
computed at the rate provided for in section 5703.47 of
the Revised Code, shall be allowed from the later of the
date the tax was paid or the date the tax payment was
due until the refund is paid.
(2) No interest shall be allowed under this section on an
amount refunded to a person to the extent that the refund
results from the allowance of a refundable credit against
the tax imposed by section 5726.02 of the Revised Code.