Dealer In Intangibles Tax Return Form - Ohio Department Of Taxation

Dealer In Intangibles Tax Return Form - Ohio Department Of Taxation - 2013 Page 6

2013

Form 985

Rev. 11/12

Notiﬁ cation of Dealer Status

Ohio Administrative Code 5703-3-32, effective Dec. 30, 2005, deﬁ nes the term “primarily” as it is used in Ohio Revised Code

5725.01(B)(1) for determining whether a taxpayer’s business activities qualify that taxpayer as an Ohio dealer in intangibles.

Please provide the information requested below in the category that pertains to your business situation to determine whether

you qualify as an Ohio dealer in intangibles.

1. Complete this section if you had an ofﬁ ce or other place of business in Ohio at the end of calendar year 2010, 2011 and

2012.

a. 2010 dealer activity gross income

2010 total gross income

b. 2011 dealer activity gross income

2011 total gross income

c. 2012 dealer activity gross income

2012 total gross income

You are a potential dealer in intangibles if your gross income from dealer activities exceeded 50% of your total gross income

in at least two of these three calendar years. If you do not meet this test, you may complete section 3.

2. Complete this section if you do not qualify under section 1 but had an ofﬁ ce or other place of business in Ohio at the end

of calendar year 2012 or were a new taxpayer in calendar year 2012.

a. 2012 dealer activity gross income

2012 total gross income

You are a potential dealer in intangibles if your gross income from dealer activities exceeded 50% of your total gross income

in calendar year 2012. If you do not meet this test, you may complete section 3.

3. If you do not meet the test under section 1 or 2 and you had an ofﬁ ce or other place of business in Ohio at the end of

calendar year 2012, you may provide information on why you still should be considered a potential dealer in intangibles.

Please provide the following:

a. A written statement demonstrating that your business consists primarily of dealer activities based upon the totality of

your circumstances. The statement should contain details of the speciﬁ c circumstances that demonstrate that your

business consists primarily of dealer activities. Failure to provide this information could result in the tax commissioner

denying status as a dealer in intangibles.

If you have questions regarding the completion of this form, please contact Jason Mumma at (614) 644-5849.

Dealer In Intangibles Tax Return Form - Ohio Department Of Taxation - 2013 Page 6