Solve for X – The Short Term Rental Tax Gap

Harmari recently released a 20-minute training video on the technical challenges associated with detecting short term rentals (STRs, also known as STVRs) that are non-registered or under-reporting for lodging tax (also known as TOT, transient lodging tax, transient occupancy tax, bed tax, accommodations tax, etc).  Key metrics are discussed that help estimate identification and monitoring…mm

Estimated Total AirBnB Host Revenues by City

Popular short term rental booking websites like AirBnB have demonstrated that the internet can be a lucrative marketplace that tax and revenue must heed.  In fact, the $25 Billion valuation should be further evidence of the value of a grey-market for tax called the Sharing Economy.  Tax Discovery departments for the state, city and county…mm

5 Reasons why 1099K data won’t fill in the tax gap

With oil prices down 50% since Fall 2014, state revenue agencies are seeking ways to overcome the shortfall without increasing taxes.  The simplest answer is improved enforcement: discovery, lead development, audit and collections are key aspects of that.  The IRS’s IRMF data by state payee from 1099K filings is a good start if you haven’t…mm