Tag Archives: Ohio
Slow Start on Crypto Tax
SHARE: So far, Ohio has not seen many corporations pay their state taxes in digital currency (see sbr 12/18), but the state has not eliminated that option yet, NASBA Director-at-Large W. Michael Fritz (OH) reported to the Regional Meetings. Mr. Fritz pointed out that cryptocurrency legislation is being filed in an increasing number of states.…
Few Bitcoin Tax Returns
SHARE: As of mid-February the state of Ohio had received state tax payments made in bitcoin from two companies. However, since the cryptocurrency payment platform only became operational in December, how successful this program will be is still undetermined. Three other states, Arizona, Georgia and Illinois, had bills introduced last year to allow for cryptocurrency…
Ohio Accepts Digital Currency for Taxes
SHARE: Businesses operating in Ohio are now able to pay their state business taxes with cryptocurrency via OhioCrypto.com. Ohio launched its crypto tax payment portal on November 26, making it the first state in the nation to do so. There are 23 different types of Ohio taxes that are eligible for payment via OhioCrypto.com. This…