Airbnb has risen in popularity over the last several years for both travelers and individuals looking to make an extra income. However, Airbnb hosts have to deal with tax ramifications. Many hosts are surprised to find out they owe estimate taxes on their earnings. Here, we’ll outline Airbnb estimated taxes and tax planning tips to […]
Tag: tax preparation
5 of The Most Common Tax Questions
The tax code is complicated and confusing for many taxpayers. To make matters worse, the law is constantly changing, so it’s next to impossible for most business owners to keep up-to-date. It’s no wonder that many people have difficulty with tax preparation. Unfortunately, you can’t avoid it unless you want the IRS to come knocking. […]
Tax Mistakes To Avoid – Get Your Taxes Right The First Time
If you participate in the Sharing Economy, be it opening up your home on Airbnb or sharing your car on Turo, you know that it can be very rewarding. While you may enjoy running your business, the bottom line is you are generating an income. This income, regardless of if it is part time or […]