From Lake Worth to our door
Boynton Beach, FL 33435
Vacation rentals along the coast
Lake Worth's short-term rental owners have three separate obligations: income tax on the rental profit, Florida sales tax on the stays, and Palm Beach County tourist development tax on top. On the income tax side, a unit with average stays of seven days or less can land on Schedule C instead of Schedule E, especially when guest services are provided, and that changes how losses and self-employment tax work. We register owners for the lodging taxes and file the income side correctly from year one.
Everything on the menu, ten minutes away
Full practice, ten minutes from downtown Lake Worth:
- Personal income tax preparation (federal + state)
- S-corp, partnership, and corporate returns
- Bookkeeping, payroll, and QuickBooks support
- IRS and state audit representation
- Business formation and Florida compliance
Older houses, renovations, and basis
Lake Worth's older housing stock means renovation questions come up constantly for landlords: a repair deducts this year, while an improvement gets capitalized and depreciated. Roof replacements, impact windows, and full remodels usually fall on the improvement side. Keeping the invoices sorted correctly as you go is far cheaper than reconstructing it at an audit.
Working households with side income
A lot of Lake Worth returns combine a W-2 with 1099 side work: trades, rideshare, art and market sales, small service businesses. That mix usually means a Schedule C, self-employment tax, and quarterly estimated payments so April doesn't arrive with a balance due and a penalty on top.
Common questions
- Do you handle Lake Worth vacation rental taxes?
- Yes. Short-term rentals along the coast have specific income, sales tax, and tourist development tax obligations. We handle all three.
- Do I collect tourist development tax myself?
- It depends on how you rent. Some platforms collect and remit certain taxes for you and not others, so owners often carry a partial obligation without realizing it. We check your actual listing setup and register you for whatever remains.
- Is my Airbnb income Schedule C or Schedule E?
- Short average stays and hotel-like services push it toward Schedule C with self-employment tax; longer stays with no services stay on Schedule E. It's a facts test, and we make the call based on your numbers.
- Can you fix a return I filed myself?
- Yes. Amended returns are regular work, and missed depreciation or misreported rental income are the two things we correct most often for rental owners.
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