...the most cost effective way to ensure homeowners...meet their disclosure and tax obligations.
Leesburg, VA (PRWEB) March 15, 2012
VRCompliance announced today that Summit County, Colorado has engaged the company to identify short-term vacation rentals that are suspected to be non-compliant with applicable lodging, sales and personal property taxes and licensing fees.
Beverly Breakstone, speaking for Summit County said, “On the county level, we are looking forward to increasing personal property disclosure compliance with the help of VRCompliance’s discovery process. We think this is the most cost efficient way to ensure that homeowners who rent out their vacation homes meet their disclosure and tax obligations.
“VRCompliance is already working for other Colorado resort communities and we are confident that we can help Summit County achieve similar results,” said Bryan Field, head of marketing for VRCompliance.
VRCompliance was developed at the request of localities to help vacation communities collect applicable lodging, sales and personal property taxes as well as licensing fees. When VRCompliance identifies non-compliant properties, communities receive contact information for the owner as well as information necessary to establish a chain of evidence. This information is provided via the secure online VRCompliance Portal. The portal provides a single interface to manage the compliance of all the vacation rentals in a jurisdiction as well as receive updates on new vacation rental listings. The system is currently being rolled out in ski communities in Colorado as well as other popular vacation destinations around the country.