Question : Hello. I was beginning to start a business and I had obtained multiple licenses – county vendor, transient vendor and sellers license. I have made zero sales because we haven’t launched our business as expected. I did not realize that I had to file a zero sales tax return and I received a letter from the attorney general in Ohio saying I owe nearly $13,000! I’m not sure what to do now.<br/>JA: Which tax year are you filing for?<br/>Customer: 2019<br/>JA: Anything else you want the Accountant to know before I connect you?<br/>Customer: Not that I can think of
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Answer : Assuming no sales , your maximum penalty will be $50 for each delinquent period , of course interest will pile up on the penalty. Once you file the correct returns , that current estimated taxes will be reversed and the actual penalties will be applied
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