Sep 18, 2020 | Airbnb Taxes, Tax Tips
Don’t sell yourself short come tax time. Get the most out of your Airbnb deductions with these top tax tips. Follow these tips to make tax time a breeze and maximize your deduction. If you’re earning rental income, you can’t afford to miss it. Best Tax Tips for...
Read more
Sep 1, 2020 | Airbnb Taxes
Many travelers are beginning to prefer homeshare platforms over traditional hotels, and platforms like Airbnb and VRBO are growing at an incredible rate. These easy-to-use platforms provide property owners with an easy way to list rentals, and some are making it into...
Read more
Aug 13, 2020 | Airbnb Taxes
The IRS classifies your Airbnb earnings as income, and you have to pay taxes on those earnings. If you expect to owe more than $1,000 in 1099 taxes, you must pay quarterly taxes for your earnings. Some new hosts might feel overwhelmed with these new tax hurdles, but...
Read more
Jul 21, 2020 | Airbnb Taxes
Airbnb doesn’t typically hold back any funds for taxes. You still have to pay taxes on your earnings, but Airbnb doesn’t pay them for you. You’re considered self employed, so you have to calculate and pay your taxes on your own. However, you have to...
Read more
Jul 20, 2020 | Airbnb Taxes
A few years ago, cities began to realize that Airbnb rentals were eating into their tax revenues. At the time, Airbnb hosts weren’t paying taxes like hotels, so many US cities set out to change that. Now, many cities make Airbnb hosts pay taxes just like hotels....
Read more
Jul 20, 2020 | Airbnb Taxes
Did you receive a CP2000 notice from the IRS? If so, don’t ignore it. Usually, the letters warn you about discrepancies between your reported earnings and IRS records. The CP2000 notice isn’t as bad as an audit, but don’t take it lightly. CP2000 is serious...
Read more
