We are a resort and due to policy changes my staff can no lo...
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We are a resort and due to policy changes my staff can no longer reach out to Airbnb or make any changes over the phone or ev...
Latest reply
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My county, city, and state want an EIN for the AirBNB hwich means being double taxed by federal and possibly state level. Doesn't AirBNB already subtract Fed and State taxes? If not then this makes sense, if so, then how do you all avoid being double taxed.
Anyone living in TN know how to best set up a business for the City and Knox County Temporary Housing rules?
AirBnB does not deduct federal taxes from your payout. However, depending on your state, state taxes are paid by the guest and submitted to your state comptroller. In my case it’s Maryland.
Did you have to obtain a federal and state business license as well?
I live i Arizona. Our state has an agreement with AirBnB to withhold the state & local occupancy taxes, but we pay state and federal income taxes based on our earnings. I have an accountant deal with it. If I were you, I would ask this question to an accountant in your state who is experienced with short-term rental income taxes.
Great info - than you.