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Ohio Pass-Through Entity and Trust Withholding Tax Return
Extracted from PDF file 2023-ohio-form-it-1140.pdf, last modified August 2023Pass-Through Entity and Trust Withholding Tax Return
Do not staple or paper clip. 2023 Ohio IT 1140 Rev. 08/08/23 Pass-Through Entity and Trust Withholding Tax Return Use only black ink and UPPERCASE letters. Use whole dollars only. Check here if amended return FEIN Entity Type: Name of pass-through entity Address MM D D Y Y S corporation Partnership Reporting Period End Date Limited liability company Trust MM D D Y Y Check here if address changed City State Foreign State Code Country Code Total number of investors / beneficiaries Do not staple or paper clip. Check here if federal extension filed Reporting Period Start Date Check here if final return (check only one) 23170102 ZIP code Foreign country (if the mailing address is outside the U.S.) Number of investors / beneficiaries included on return Schedule I – Reconciliation Tax and Payments Ownership percentage of investors / beneficiaries on return Foreign postal code Apportionment ratio, line 24 . . If the amount on a line is negative, place a “–” in the box provided. Note: No credits are allowed on the IT 1140. 1. Tax Liability from line 20, columns A and B or line 30.............................................. 2. Interest Penalty (see instructions)........... Column (B) – Entity Tax Column (A) – Withholding Tax 2a. Add lines 1 and 2..................................... 3. Ohio IT 1140 estimated (UPC/electronic) payments and 2022 overpayment credited to 2023........................................... 3a. Ohio IT 4708, IT 4738 estimated (UPC/. electronic) payments and prior year IT 4708 or IT 4738 overpayment claimed on this return (see instructions)............... 3b. Ohio IT 1140 estimated (UPC/electronic) payments claimed on an IT 4708 instead of this return (see instructions)................ 3c. Net payments (sum of lines 3 and 3a minus line 3b) if negative, enter zero...... 4. For each column, subtract line 3c from line 2a......................... 5. If the sum of line 4, columns A and B is an overpayment, enter that sum here..... OVERPAYMENT 5a. Amount of line 5 to be CREDITED toward next year’s liability (if this is an amended return, enter zero).......................................................................................CREDIT CARRYFORWARD 5b. Amount of line 5 to be REFUNDED (line 5 minus line 5a).............................................. REFUND 6. If the sum of line 4, columns A and B is a balance due or zero, enter here........................................ 7. Interest due on late payment of tax (see instructions)............................................................................. 8. Total amount due (add lines 6 and 7). Make check payable to Ohio Treasurer of State. Include Ohio IT 1140 UPC and write FEIN on check................................................AMOUNT DUE If refund is $1.00 or less, no refund will be issued. If Amount Due $1.00 or less, no payment is necessary. For Department Use Only Do not write in this area; for department use only. Postmark date Code 2023 IT 1140 – pg. 1 of 7 2023 Ohio IT 1140 Rev. 08/08/23 23170202 FEIN Sign Here (required): I have read this return. Under penalties of perjury, I declare that, to the best of my knowledge and belief, the return and all enclosures are true, correct and complete. Do not staple or paper clip. Place any supporting documents, including Ohio IT K-1s, after the last page of this return. Pass-through entity officer or agent (print) Title of officer or agent (print) Phone number Signature of pass-through officer or agent Date (MM/DD/YY) Preparer’s name (print) Phone number Preparer’s e-mail address PTIN P Check here to authorize your preparer to discuss this return with the Department Mail to: Ohio Dept. of Taxation P.O. Box 181140 Columbus, OH 43218-1140 Instructions for this form are available at tax.ohio.gov If the amount on a line is negative, place a “–” in the box provided. Schedule II – Qualifying Pass-Through Entities – Tax Due Use this schedule to calculate the pass-through entity’s adjusted qualifying amount of business income and tax due before payments. See instructions for all line item explanations found at tax.ohio.gov along with FAQs. 9. Qualifying investors’ distributive shares of income, gain, expense and loss............................................ Column (A) – Withholding Tax Column (B) – Entity Tax 10. IRC §168(k) bonus depreciation and §179 expense and Ohio authorized federal conformity add-back...................... 10a. 2/3, 5/6 or 6/6 (check applicable box) 11. IRC §168(k) bonus depreciation and §179 expense deductions from Schedule V and Ohio authorized federal conformity deductions (see instructions if filing as investment pass-through entity)....................... 12. Sum of lines 9 and 10 minus line 11....... 13. Related members add-back (see instructions for complete list of related members).................................... 14. Guaranteed payments add-back (20% or greater investors only)................. 15. Compensation add-back (20% or greater investors only)................. Do not write in this area; for department use only. 2023 IT 1140 – pg. 2 of 7 2023 Ohio IT 1140 Rev. 08/08/23 23170302 FEIN Schedule II – Qualifying Pass-Through Entities – Tax Due...continued. Column (B) – Entity Tax Column (A) – Withholding Tax 16. Sum of lines 12, 13, 14 and 15 (if negative, enter “0”).................................. . 17. Apportionment ratio from line 24................................................... 18. Adjusted qualifying amount (multiply lines 16 and 17). If the sum of line 18 exceeds $1,000 continue to line 20...................................................... . X .03 19. Tax rate........................................................ 20. Tax due (multiply lines 18 and 19). Enter here and on the corresponding column of line 1........................................... X .03 Schedule III – Qualifying Pass-Through Entities – Apportionment Worksheet Calculate the apportionment ratio for a pass-through entity that is not a financial institution. See instructions for calculation of financial institutions. Note: ratios must carry to six decimal places. Within Ohio Total Everywhere 21. Property a) Owned (original cost) Within Ohio Total Everywhere Within Ohio Total Everywhere b) Rented (annual rental X 8) c) Total (lines 21a and 21b) = Within Ohio Ratio . 22. Payroll = ÷ Weight x = . Ratio ÷ . Weight Weighted Ratio x = . . Total Everywhere 23. Sales = . Total Everywhere Within Ohio Weighted Ratio Ratio ÷ Weight Weighted Ratio x = . 24. Ohio apportionment ratio (add lines 21c, 22 and 23). Enter ratio here and on line 17 above (both columns)......................... . Note: If the “Total Everywhere” of any factor is zero, the weight given to the other factors must be proportionately increased so that the total weight given to the combined number of factors used is 100%, i.e., if no property/payroll, use 25% and 75%; if no sales, use 50% property/payroll; if only one factor, use 100%. Do not write in this area; for department use only. 2023 IT 1140 – pg. 3 of 7 2023 Ohio IT 1140 Rev. 08/08/23 23170402 FEIN If the amount on a line is negative, place a “–” in the box provided. Schedule IV – Trusts – Tax Due Use this schedule to calculate the adjusted qualifying amount and tax due before payments for nonresident individual beneficiaries of a trust. See instructions for all line-item explanations found at tax.ohio.gov along with FAQs. 25. Sum of all distributions to nonresident individuals of income or gain attributable to the trust’s ownership of or disposition of either tangible personal property located in Ohio or real property located in Ohio............................................................................................... 26. IRC §168(k) bonus depreciation and §179 expense and Ohio authorized federal conformity add-back........................................................................................................................ 26a. 2/3 5/6 6/6 27. IRC §168(k) bonus depreciation and §179 expense deductions from Schedule V and Ohio authorized federal conformity deductions................................................................................. 28. Sum of line 25 and 26 minus line 27........................................................................................ X .03 29. Tax rate.......................................................................................................................................................... 30. Tax due: multiply lines 28 and 29. Enter here and on line 1, column A.............................................. Schedule V – IRC §168(k) Bonus Depreciation and §179 Expense Add-Back Schedule Use this schedule to report current year IRC §168K Bonus Depreciation and IRC §179 Expense add-back and deductions from prior years Ohio add-backs. See instructions for calculation tables. Check the box if partial or full depreciation add-back has been waived. 31. Current year IRC §168(k) bonus depreciation and IRC §179 expense add-back.............................. 32. Prior years Ohio add-back amount and applicable add-back ratio from Ohio filed returns Column (A) – Amount Column (B) – Ratio 32a. Year Prior................................ 32b. 2 Years Prior........................... 32c. 3 Years Prior........................... 32d. 4 Years Prior........................... 32e. 5 Years Prior........................... 2/3 5/6 6/6 2/3 5/6 6/6 2/3 5/6 6/6 2/3 5/6 6/6 2/3 5/6 6/6 Schedule VI – Investor Information First list the investors whose income is included on the return in order from highest to lowest ownership percentage. Then list all remaining investors from highest to lowest ownership percentage. Use additional sheet, if necessary. SSN Check here if the investor is included on the return. FEIN FEIN First name / entity Percent of ownership M.I. . Last name 1140 Share of PTE tax credit Address City State ZIP code Do not write in this area; for department use only. 2023 IT 1140 – pg. 4 of 7 2023 Ohio IT 1140 FEIN Rev. 08/08/23 23170502 Schedule VI – Investor Information...continued. Check here if the investor is included on the return. SSN FEIN First name / entity Percent of ownership M.I. . Last name 1140 Share of PTE tax credit Address City State ZIP code Check here if the investor is included on the return. SSN FEIN First name / entity Percent of ownership M.I. . Last name 1140 Share of PTE tax credit Address City State ZIP code Check here if the investor is included on the return. SSN FEIN First name / entity Percent of ownership M.I. . Last name 1140 Share of PTE tax credit Address City State ZIP code Check here if the investor is included on the return. SSN First name / entity FEIN Percent of ownership M.I. . Last name 1140 Share of PTE tax credit Address City State ZIP code 2023 IT 1140 – pg. 5 of 7 2023 Ohio IT 1140 FEIN Rev. 08/08/23 23170602 Schedule VI – Investor Information...continued. Check here if the investor is included on the return. SSN FEIN First name / entity Percent of ownership M.I. . Last name 1140 Share of PTE tax credit Address City State ZIP code Check here if the investor is included on the return. SSN FEIN First name / entity Percent of ownership M.I. . Last name 1140 Share of PTE tax credit Address City State ZIP code Check here if the investor is included on the return. SSN FEIN First name / entity Percent of ownership M.I. . Last name 1140 Share of PTE tax credit Address City State ZIP code Check here if the investor is included on the return. SSN First name / entity FEIN Percent of ownership M.I. . Last name 1140 Share of PTE tax credit Address City State ZIP code 2023 IT 1140 – pg. 6 of 7 2023 Ohio IT 1140 FEIN Rev. 08/08/23 23170702 Schedule VI – Investor Information...continued. Check here if the investor is included on the return. SSN FEIN First name / entity Percent of ownership M.I. . Last name 1140 Share of PTE tax credit Address City State ZIP code Check here if the investor is included on the return. SSN FEIN First name / entity Percent of ownership M.I. . Last name 1140 Share of PTE tax credit Address City State ZIP code Check here if the investor is included on the return. SSN First name / entity FEIN Percent of ownership M.I. . Last name 1140 Share of PTE tax credit Address City State ZIP code 2023 IT 1140 – pg. 7 of 7
Form IT 1140
More about the Ohio Form IT 1140 Corporate Income Tax Tax Return TY 2023
We last updated the Pass-Through Entity and Trust Withholding Tax Return in February 2024, so this is the latest version of Form IT 1140, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT 1140 directly from TaxFormFinder. You can print other Ohio tax forms here.
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TaxFormFinder has an additional 82 Ohio income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Ohio Form IT 1140.
| Form Code | Form Name |
|---|---|
| Form IT 1140ES | Ohio Estimated Withholding Tax Payment Coupon for Pass-Through Entities and Trusts |
| Form IT 1140P | Ohio Withholding Tax Payment Coupon for Pass-Through Entities and Trusts |
View all 83 Ohio Income Tax Forms
Form Sources:
Ohio usually releases forms for the current tax year between January and April. We last updated Ohio Form IT 1140 from the Department of Taxation in February 2024.
Form IT 1140 is an Ohio Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Ohio Form IT 1140
We have a total of thirteen past-year versions of Form IT 1140 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2016 Form IT 1140
PTE_IT1140_02_Return_Final_2016_FS_103116.indd
2015 Form IT 1140
PTE_IT1140_Return_Scannable_Final_2015_FS_112415.indd
2014 Form IT 1140
PIT_IT1140_Return_Scannable_Final_2014_FS_111214.indd
2013 Form IT 1140
PIT_IT1140_Return_Scannable_Final_2012_FI_112912.indd
2012 Form IT 1140
PIT_IT1140_Return_Scannable_Final_2012_FI_112912.indd
2011 Form IT 1140
PIT_IT1140_Return_Final_2011_FI_062411.indd
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