Room Occupancy Tax Application - Wake County, North Carolina

Room Occupancy Tax Application is a legal document that was released by the Department of Tax Administration - Wake County, North Carolina - a government authority operating within North Carolina. The form may be used strictly within Wake County.

FAQ

Q: What is the Room Occupancy Tax Application?
A: The Room Occupancy Tax Application is a form used to report and remit room occupancy taxes in Wake County, North Carolina.

Q: Who needs to file the Room Occupancy Tax Application?
A: Anyone who operates a lodging establishment in Wake County, North Carolina and collects room occupancy taxes must file the Room Occupancy Tax Application.

Q: How often do I need to file the Room Occupancy Tax Application?
A: The Room Occupancy Tax Application must be filed quarterly.

Q: What is the purpose of the room occupancy tax?
A: The room occupancy tax is collected to support tourism and promote economic development in Wake County.

Q: What happens if I don't file the Room Occupancy Tax Application?
A: Failure to file the Room Occupancy Tax Application may result in penalties and interest.

Q: What information do I need to provide on the Room Occupancy Tax Application?
A: You will need to provide information about the number of occupied rooms, the amount of room revenue collected, and the amount of room occupancy tax due.

Q: Are there any exemptions to the room occupancy tax?
A: Yes, there are certain exemptions to the room occupancy tax, such as government-owned lodging facilities and certain non-profit organizations.

Q: Can I deduct the room occupancy tax on my federal income tax return?
A: The deductibility of the room occupancy tax on federal income tax returns depends on your individual tax situation. It is recommended to consult with a tax professional for specific advice.