Ohio § 5726.07
Full text of Ohio Ohio Revised Code § 5726.07, with citation guidance and answers to common questions.
§ 5726.07.
(A) In the case of an underpayment of estimated taxes required to be paid under section 5726.06 of the Revised Code , interest upon the amount of underpayment, calculated at the rate per annum prescribed
by section 5703.47 of the Revised Code for the period of underpayment, shall be added to the tax due for the tax year for
which the estimated tax is paid. (B) The amount of underpayment upon which such interest is computed equals the amount
by which division (B)(1) of this section exceeds division (B)(2) of this section. (1) The amount of the estimated tax payment that would be required to be paid if the
total estimated tax due were equal to the amount of tax shown to be due on the annual
report filed for the tax year or, if no report was filed, the total amount of tax
due for the tax year; (2) The amount, if any, of the estimated tax that has been paid on or before the last
day prescribed for such payment. (C) The period of underpayment for which such interest is computed shall run from the
date the estimated tax payment was required to be made to the date the payment is
made. For purposes of this section, a payment of estimated tax on any payment date shall
be considered a payment of any previous underpayment only to the extent that such
payment exceeds the amount of payment currently due.
Frequently Asked Questions About Ohio § 5726.07
What does Ohio Revised Code § 5726.07 cover?
Section 5726.07 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 5726.07?
A common citation format is "Ohio Revised Code § 5726.07" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5726.07 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.