CCH Tax Day Report Individual income taxpayers who were co-owners through grantor trusts of an S corporation that was previously a C corporation, were allowed to claim an Ohio nonresident tax credit in relation to dividend income it received from previously accrued C corporation earnings because the dividend constituted nonbusiness income allocable to Missouri, the […]
The post Ohio ~ Personal Income Tax, Practice and Procedure: Dividend Paid to S Corporation Shareholders from Earnings Attributable to Its C Corporation Days Qualified for Nonresident Tax Credit appeared first on Tax & Accounting Blog.