New York City Short-Term Rentals and Hotel Taxes: What Owners Should Know - CBIZ
Summary
This CBIZ article examines critical tax considerations for short-term rental owners in New York City. It addresses how NYC's specific hotel taxes impact STR revenue and requires hosts to understand compliance rules. Stay informed to minimize tax liabilities and ensure adherence to local regulations.
Key Insights
- •The article likely discusses how NYC's hotel taxes apply to short-term rentals.
Action Items
- ✓Hosts should review their current tax setup and ensure they are compliant with NYC hotel tax regulations.Effort: lowImpact: high
- ✓Consider consulting with a tax professional familiar with NYC STR regulations.Effort: mediumImpact: high
Common Mistakes
- ⚠Failure to properly account for and pay NYC hotel taxes can result in penalties.
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