Tax Warrior Chronicles

NJ’s ‘Airbnb Tax’ Updated to Help Owners

Posted on Tue, Aug 13, 2019

By: Ashley Menders

 

Some property renters no longer need to fret about New Jersey’s ‘Airbnb Tax’ while soaking up the sun at the Jersey Shore anymore! Since New Jersey implemented its new tax that impacted all short-term rentals last October, Governor Phil Murphy has signed a bipartisan bill to undo part of this major ‘Airbnb Tax.’ Here’s who is no longer affected…

 

As mentioned in our previous blog detailing the ‘Airbnb Tax’ that adds a huge 11.6% tax on short-term rentals, this new bill takes a weight off many shore renters’ shoulders. Previously, this new tax was on any short-term rental of less than 90 days. The only exception was if the property was listed with a real estate agent

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‘Airbnb Tax’ in NJ Hits Shore Renters Hard

Posted on Tue, Jun 25, 2019

By: Ashley Menders

 

It’s finally summertime, and do you know what that means? It’s time for a little “Gym, Tan, Laundry” as the crew from MTV’s Jersey Shore always said. Let’s soak up the sun, play some carnival games, and walk the boardwalks. But, before you book the perfect apartment or home down the Jersey Shore, you might want to know about a new tax on short-term rentals this year…and it’s a big one!

 

As of October 1, 2018, New Jersey implemented a law adding a so-called ‘Airbnb Tax’ to short-term rentals. Don’t let the name fool you though, this tax is not just on rentals through Airbnb. The booking of the rental doesn’t even have to take place online. The new ‘Airbnb Tax’ is

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Possible Opportunity for Refund of NJ Corporate Business Tax

Posted on Tue, Jan 15, 2013

 

A recent New Jersey Tax Court case could provide a refund opportunity for certain taxpayers who are subject to the New Jersey corporate business tax (CBT).

 

Late last year, in BIS LP, Inc. v. Director, Division of Taxation (Tax Court of New Jersey Docket 007847-2007), the court examined whether or not certain corporate limited partners have New Jersey tax nexus, subjecting the entity to New Jersey CBT.  The Court held that the taxpayer (a corporate limited partner) was not subject to tax on his share of the partnership income because he only owned a passive interest in a New Jersey limited partnership and was not otherwise doing business in New Jersey.  As a result of the decision, the

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