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Yes, we need to band together and pay for lawyers instead of endlessly complaining how unfair and bad the bills are.
A 1099K is the new form that credit card processors are using to report your gross transactions to the IRS. It was mailed out this year, but you are not required to break out that income on your federal return until next year. Perhaps this is the 1099 that the legislature is referring to?
RBOAA is doing just that. They will be asking for a voluntary contribution
to help fund the effort
They are also working on PR.
But what if you accept checks. Do you issue a 1099 to yourself?
Very willing to donate to support this effort as long as:
More transparency as to what they are doing.
Solicit member feedback before "speaking" publicly or submitting testimony.
Statement on the website that they represent the common interests of all vacation rental owners be they non resident or resident.
David
Sent from my iPhone4 - Aloha
Please visit vacation.ninolehawaii.com
I think the NAFTA issue may be a valid factor for Canadians. There are quite a few nonresident owners who are Canadian - and while we think of NAFTA for big companies like the auto industry it is a Trade Agreement between countries for commerce. A small business of one is still commerce. Matter of fact even Walmart started with one store in Arkansas. Not that any of us want to spring up an industry of this, we just want to pay our bills and some want to retire to Hawaii one day.
So, to add to the count of who this Bill offends -- all other 49 states and the country of Canada.
Nobody wants to be labeled that because you come from 49 other states and the country of Canada - therefore you must be cheating on paying your TAT or GET. Surely there was a less divisive way to go about "tax compliance."
Great suggestions - I think we will get there.
Bear in mind RBOAA is just trying to get off the ground - still awaiting
official paperwork to begin accepting money. Like any organization, it will
not be perfect nor will we all agree with what it does in every detail.
Also, note that it is important for them to move relatively quickly and that
in itself may mean that every property owner can not have an opportunity to
review everything.
Don't judge them on any lack of perfection, but rather that it will be a big
step forward in our united effort.
They cannot replace individual effort, but can help us channel it in areas
like PR and legal that we could not do individually.
I tried to get on the RBOAA website and could not connect. Is it up and running? Also, what about working with he ACLU in Hawaii? Our right to control our own property/business and proceeds should certainly come under civil rights......
JWE,
I also sent a request to RBOAA website and I am not sure if there was a problem with my submission or not. I have not had any kind of email or response from the site. Do you think I should send a new email or just wait?
Thanks Kristin
they are only sending out periodic updates as they are getting off the
ground
Two thoughts.
Since we're talking about a state taking away individual rights of free interstate trade, possibly inquiries sent to our individual US Congressmen asking about the legality of a state hyjacking your interstate business to enrich a third party in the state of Hawaii. Possibly we need to have a US Congressional inquiry look into this instead of just a bunch of no clout individuals. I bet if we have enough people writing their US Congressmen about having another state taking away their constituients rights in an election year we might see a better result.
Second thought, the bill states that Any nonresident owner who operates a transient accommodation located in the nonresident owner's private residence is affected by this legislation. What if we were to set up an S-Corp and retitle the condo in the business name. At that point it would no longer be qualified as a Private Residence...???
Interesting idea! I already titled my property into an LLC and pay Hawaii State Tax using form N-20. Does this mean the rental condo is not a private residence and therefore exempt from this bill? If so…….
All interesting ideas....I also want to share an email address for the ACLU in Hawaii that deals with legislative issues. It is legislative@acluhawaii.org. I have already sent an email and maybe if there were many more they would look into the obvious civil rights violations and discrimination in this bill.
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