On the Massachusetts State website, a frequently asked questions concerning the new Room Occupancy Tax has been posted.
The FAQ includes several questions relevant to REALTORS® dealing with short term rentals. Such questions include:
Who is an intermediary or operator’s agent?
I am a real estate agent. Do I need to register and file returns as an intermediary?
How much tax am I required to collect?
If you are working with short term rental units please take a moment to look through the questions, speak to your broker about the process, and if further assitance is needed NSAR is here to help.
