Very few exemptions or deductions are allowed. Most business expenses allowed as deductions on your income tax return (e.g. cost of repairs, interest expense, management fees, utilities, real property taxes, insurance premiums, etc.) are NOT deductible on your general excise and transient accommodations tax returns. A few general excise and transient accommodations tax exemptions and deductions are specifically provided for in the laws.
A list of what is exempt or deductible is provided in your general excise and transient accommodations forms booklets.
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