I just registered and then I contacted the planning department because I wanted to let them know I had my TOTC and they were super helpful. They were like, “Cool, we forward all registered people to the tax office on November 1.” They answered right away and it seemed like my paperwork was in so I was good. The end. So I don’t think they are going to shut anyone down for registering. I’m pretty sure there are only like, 20 people who qualify based on the new rules and will register anyway. Don’t worry, Pete.
However, the tax office is a bigger issue. Apparently we have to file monthly even though we don’t pay the taxes. I also think it’s retroactive. So that’s something to tackle. It’s just a one page form each month, but it’s still a little unclear because we can’t see what Air BnB has paid in taxes any more. That changed a few months back. Also, now that we are all registered businesses, we’ll need bank accounts. No co-mingling of funds. So that’s something I just found out today and need to take my TOTC to the bank. Although, turns out you don’t put your listing name as the TOTC business name unless you do a DBA. There’s a LOT to unravel here and I think Air BnB needs to have some special joint meetings with the city with all hands on deck to help people. They could have a DBA person and a tax office person and a city planning person all there at once ready to help us file so we can do it together.