State Taxes

Renting out your property for short periods can be a great way to earn extra income. However, it's important to understand the tax implications that come with this endeavor. In this article, we'll simplify the world of taxation for short-term rentals, helping you grasp how it affects your finances.

Short-Term Rentals: An Overview

Winning a prize or receiving an award is an exciting achievement that comes with recognition and often some monetary benefit. However, it's important to be aware that the IRS (Internal Revenue Service) considers prize and award income as taxable.