CPA Needed for Short-Term Rental Taxes

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  • Aaron ZimmermanBusiness Member
    Accountant · Chicago, IL · Member since 2018 · 2k+ posts · 1k+ votes
    9mo

    Tara - congrats on buying a short term rental! There's a lot of great CPAs on here but please note that they can't (or shouldn't) advertise unless you put this forum post in the classified section.

    For the occupancy tax, this is generally necessary if you go outside Airbnb and is not something that CPAs that do income taxes typically do 

  • Bill HamptonBusiness Member
    Accredited Investment Fiduciary, AIF®, Financial Planner, Tax Strategist, Real Estate Investor · Atlanta, GA · Member since 2012 · 2k+ posts · 977 votes
    9mo

    @Tara Omotere

    Reach out to a few of the accountants here on BP who specialize in real estate taxation and tax planning, and see who you connect with.

    I would also recommend looking for an accountant willing to work with you throughout the year. You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.

    Happy to answer any questions. Good luck. 

    Hampton Tax and Financial Services LLC4.7106 Reviews
  • CPA| New Clients Welcome| 50 States · Member since 2016 · 430 posts · 93 votes
    9mo

    @Tara Omotere, hi. For STRs, look for a CPA who can handle both income tax and local lodging/occupancy tax compliance (registrations and filings). The fastest way to find one is through local STR Facebook groups/REIAs or a property manager referral, then vet candidates by asking if they handle lodging tax filings, which platforms/cities they work with, and whether they offer bookkeeping support.

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