Tax Resolution Attorney John P. Willis Cautions Homeowners About Tax Implications of Short Term Room Rentals
Tax resolution attorney John Willis, CEO and founder of IRSALLSTAR.com brings attention to the trend of sharing a room or guest cottage for profit and warns that failure to report this income to the IRS could result in IRS troubles.
Fairhope, AL, August 6, 2015: Tax Attorney John Willis, CEO and founder of IRSALLSTAR.com, recently posted a new blog on his website entitled “When Sharing the Comforts of Your Home for Profit, Don’t Forget To Share With The IRS.” Airbnb and other “by owner” type rentals have been making news this tax season.
As Mr. Willis points out in his recent blog post, “A new trend is sweeping the country creating extra income for many homeowners.” He further explains, “ If you have an extra room or a guest cottage right here in Fairhope, near the racetracks in Talladega, the sights in Mobile or near the Gulf coast beaches, you can rent them out for a few nights and visitors to the area can get a feel for living like a local instead of a tourist.”
Willis adds, “I’m all for people who want to make extra money, however be sure your little love nest on the coast doesn’t turn tax time into a hornet’s nest.”
The entire blog can be read at: http://www.irsallstar.com/blog/when-sharing-the-comforts-of-your-home-for-profit-dont-forget-to-share-with-the-irs.php
ABOUT JOHN WILLIS
Mr. Willis believes strongly in supporting and representing the “underdog” and has devoted his entire professional life to protecting and defending those who need it most. As an attorney, Mr. Willis takes his role as “counselor” seriously. His knowledge, creativity and persistence are valuable assets that provide substantial benefits to his clients. He has represented individuals and businesses across the Gulf Coast for over 15 years and he brings together an abundance of skills and experience that can be of assistance to almost anyone.
ABOUT THE IRSALLSTAR TEAM
The IRSALLSTAR team has developed a winning formula to ensure that each client’s individual needs are specifically met. Upon becoming a client of Mr. Willis’ law firm, that client’s immediate needs are assessed and long-term goals are defined. Experienced professionals on the IRSALLSTAR team then assist each client in developing and implementing a custom-tailored game plan to provide both short-term and long-term relief from his or her serious tax problems. All firm clients are continually coached toward successful tax resolution and final victory over their challenges with the IRS and state taxing authorities.
To learn more about Mr. Willis and his law firm please visit http://www.IRSALLSTAR.com or call toll-free 877-254-4254.