Ohio Income Tax: Dividends from accumulated C corporation earnings retain their character and are non-taxable to nonresident shareholders.

The Ohio Supreme Court encountered a relatively unique situation in Giddens v. Testa, 2016-Ohio-8412. The two shareholders of Redneck, Inc., who resided in Missouri, received large dividends in 2008, at…

Continue ReadingOhio Income Tax: Dividends from accumulated C corporation earnings retain their character and are non-taxable to nonresident shareholders.