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Updated over 1 year ago,
Qualified CPA Advice!
Hello All,
My name is Ryan and I've been running a STR on airbnb for about a year now. In Scottsdale and Arizona, you must file for a TPT license and file your state taxes monthly through the AZ Department of Revenue. I have read from others than you may not have to file monthly taxes if you work strictly through Airbnb or VRBO because taxes are paid through the platform on each booking.
1) Like to know if this is true and how to properly file my TPT license
and
2) If I do in fact need to file taxes with both the city and state monthly, can anyone recommend a good CPA out here? The firm I used last year was highly rated but sent me to a new associate who had less of an understanding of STR tax law than me and provided zero value and still cost me over $1,000 to file. In addition to annual tax filings I would be interested in bookkeeping to file the state taxes monthly as they require me to insert each individual expense for both city and state. It's time consuming.
Thank you for your help,
Ryan