Archives For Taxes

vacation rental taxesHotSpot Tax Services caters to the vacation rental industry and has a great list of reasons why vacation rental tax compliance is important. Among the best is that it creates an important revenue stream for state and local governments that can in turn protect our industry.

Tax is a scary little word – no one enjoys paying or collecting them – but you shouldn’t second guess your own willingness to comply. You are doing the right thing. What’s the best way to present them to guests? Continue Reading…

Tax CollectionSimilar to a hotel room, your vacation rental is subject to state, county and local taxes. What the tax is called – sales, lodger’s, hotel, use, tourist or transient occupancy tax, for example – and what you must charge, if anything, varies by location.

Here are the steps to licensing and collecting taxes for your vacation rental:

Confirm What City Your Rental Home Is In

Even if it seems obvious, it’s a good idea to double check what city your rental home falls in and if this is in the incorporated or unincorporated part of the town. You can contact your city’s planning and zoning office to find out. From there, you’ll be able to proceed with determining the relevant city, county and state licensing and tax laws. Continue Reading…