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Questions tagged [ohio]

Use this tag for questions related to rules and experiences specific to the State of Ohio in the United States.

2 votes
1 answer
2k views

Foreign grandparents and 529 college saving

I'm an ex-pat living in Ohio with a child that we have set up a 529 college savings account for. My parents from the UK want to contribute to my daughter's future and I'm not sure what the most ...
Matt Burland's user avatar
1 vote
1 answer
135 views

Buying real estate with an LLC

I am planning to buy a real estate property (rental) as a investment. There was a listing with the following comment: Property was purchased 17 years ago on a stock purchase - suggest Buyer do the ...
Alfred Wallace's user avatar
1 vote
1 answer
235 views

How can I insure a driver who doesn’t live with me but is borrowing my car long term?

My cousin is borrowing one of my cars to get to school and work. He’s 17. He lives less than an hour from me, but in another state. He is insured as a driver on his family’s policy, and the car is ...
bvy's user avatar
  • 131
1 vote
2 answers
692 views

New vending route business, not sure how to determine taxes

I have started a new LLC business in Ohio for which I have acquired multiple amusement vending machines (these are prize redemption machines e.g. claw machines) with the plan to lease space and start ...
user avatar
1 vote
1 answer
104 views

Car under the dealer's warranty

I just bought a car from a dealer and according to the law, they have provided a 3-month warranty to pay half a price for the repairs in case the car breaks. The car broke down and I need to have it ...
Grasper's user avatar
  • 1,209
1 vote
1 answer
56 views

What is the best option I have to close out a State Tax Lien record?

I am an Indian national and was working in the USA for few years in the past. I returned back to India in 2013. I paid both federal and state taxes up till 2013. Now, I see a 'State Tax Lien' ...
Janaaaa's user avatar
  • 113
1 vote
1 answer
390 views

Does anyone know if P2P lending will be made available in Ohio?

I have been trying to find information as to if there are any efforts in process to make P2P lending services like LendingClub.com and Prosper.com available for use in Ohio, and haven't had much luck. ...
user avatar
1 vote
0 answers
99 views

What affects tax due for the Ohio vehicle tax penalty?

I bought a motorcycle for $3,000 and stupidly put $0 on title. I got a letter asking the sale price and paid $210 in taxes in response to the letter. Now I just got another letter that says I owe ...
heyitsmyusername's user avatar
1 vote
0 answers
316 views

w-2 form shows two different localities and values for wages and local income tax withheld

I live in Akron but work at Lakemore, Ohio. I do understand taxes not being withheld for Akron. But on box 18 it shows that I made an extra 700.00 when that wasn't the case. So to recap: Box 18-20 - ...
dawn's user avatar
  • 11
0 votes
2 answers
791 views

What should I do with a UTMA to help protect eligibility for financial aid?

I have been investing $50 a month into a UTMA for my best-friends son. He is not a blood relative of mine. There is about $10k in the account now. I explicitly chose a UTMA instead of a 529 because of ...
Freiheit's user avatar
  • 8,772
0 votes
2 answers
476 views

Sister bought me out of house. What taxes do I owe?

My mom signed over her house five years ago for a dollar each. It was already paid off. My sister lived in it for the past five years. We agreed to sell it or she would buy me out at the five year ...
Callinbull's user avatar
0 votes
1 answer
590 views

Can seller backout of their counter offer after buyer accepts

Situation my son is in. He made an offer, then the seller countered. He countered again, they countered back. He accepted their counter. Now they don't want to do it, and may have sold the house to ...
Annette Quinn's user avatar
0 votes
1 answer
145 views

Do I need to file taxes in the city I work?

I live and work in Ohio. However, I moved in 2016 to a village without city income tax. However, I work in a city with income taxes. I started with this organization in 2017. My employer has been ...
Gary's user avatar
  • 295
0 votes
0 answers
44 views

How to calculate tax for Precious Metal Sales in Ohio

So recently Ohio did away with tax on precious metal sales. I've been wanting to produce precious metal items for a while and decided I want to open an online store. I'm trying to understand how to ...
DotNetRussell's user avatar
0 votes
0 answers
682 views

Vehicle Title Requirements for selling a junk car

I'm planning to sell my old car to a company that will scrap it. I'd like to know what do I need to do with the title? They are planning to come and pick the car up and tow it to the junk yard. I ...
Grasper's user avatar
  • 1,209

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