Ohio Tax Lien Program Nets $5.3M Since May 2011
COLUMBUS, Ohio -- Ohio's agent tax lien program has collected more than $5.3 million in unpaid income taxes, sales taxes and workers compensation premium payments since it was introduced in May 2011.
To date, the tax lien program has either collected or set up payment plans with agents for amounts that total $5,340,324, Lt. Gov. Mary Taylor reported. Taylor is also director of the state Department of Insurance.
The program will continue as the Department of Insurance reviews renewal applications to ensure agents are in compliance. Agents who have an outstanding judgment lien filed against them or their organization may have administrative action taken against their licenses.
According to state law, penalties include revoking, suspending, or refusing to issue an insurance license and civil penalties if an agent or agency fails to comply with any official invoice, notice, assessment, or order directing payment of federal, state, or local income tax, state or local sales tax or worker’s compensation premiums.
To avoid administrative action against their Ohio insurance licenses, agents not in compliance should contact the attorney general’s collections enforcement office at 614 752 8981 to make arrangements to satisfy outstanding obligations. Agents also may call the Ohio Department of Insurance Enforcement Division at 614 644 2560.
Published by The Business Journal, Youngstown, Ohio.