Tax Preparation Tips
All tax returns and payments are due the first day of the month and late after the 20th of the month following the collection period, whether your filing frequency is monthly, quarterly, or semi-annual. If the 20th falls on a weekend or County holiday, returns will be considered timely if they are postmarked on the first business day after the 20th. Returns must be filed based on your filing frequency regardless of whether or not there were rentals. Any requests for changes to an existing account must be made in writing to the Osceola County Tax Collector.
If you want us to talk with your accountant, attorney, bookkeeper, or other representative, regarding your Tourist Development Tax account, you will need to submit a signed Power of Attorney Form appointing that individual before we could discuss your Tourist Development Tax account with them.
Basic Steps in Completing Tourist Development Tax Returns
Line one (1), Gross Rental Receipts:enter the short term gross rental receipts including the exempt rentals; exclude the
7% State of Florida Sales Tax and the 6% Osceola County Tourist Development Tax. Do not include long term rentals on line one (1).
Units rented on a bona-fide lease for six (6) months or longer, are not subject to the Tourist Development Tax.
If you have zero rentals, a tax return is still required to be filed timely to avoid a late penalty.
Line two (2), Exempt Rental Receipts: enter the total amount of tax exempt short term rentals included on line one (1).
Valid exemptions are those covered by the State of Florida Certificate of Exemption and/or Federal Exemption; Governmental or Military Travel Orders.
Other states certificates of exemption are not considered valid exemptions and would be subject to the tax.
If there are no exemptions enter zero.
Line three (3), Taxable Rental Receipts: Gross Rental Receipts line 1 minus Exempt rental Receipts line 2.
This amount is the net taxable rental receipts.
Line four (4), Total Tax Collected 6%: Tax Rate is 6% effective July 1, 2004 to current date.
Multiply line 3 by 6% (.06).
Line five (5), Adjustments: Previously approved corrections by either the Osceola County Tax Collector or Office of
Commission Auditor Tourist Development Services.
If there are no adjustments enter zero.
Line six (6), Total Tax Due: Line 4 plus (+) or minus (-) line 5.
Line seven (7), Less Collection Allowance: Compensation is given to taxpayers for properly collecting, reporting, and
remitting the tax, tax return, and payment on time. If your tax return will be mailed on time, enter 2.5% (.025) of the first $1,200.00 or
less of Tourist Development Taxes collected on line six (6), up to a maximum collection allowance of $30.00.
For a tax return to be timely it must be postmarked by the 20th; or next business day if the 20th is on the weekend, or a United States holiday of the month due.
If your return is late enter zero for the collection allowance.
Line eight (8), Plus Penalty: If your tax return is late, enter 10% of the amount of tax due from line six (6) or $50.00 whichever is greater. If the return is timely, enter zero.
Line nine (9), Plus interest: If your tax return is late, interest is owed on the tax due on line six (6) from the first day the tax return became delinquent until payment is submitted or postmarked. If the return is timely, enter zero.
For current interest rates refer to the Florida Department of Revenues Website: http://dor.myflorida.com/dor/taxes/tax_interest_rates.html#interest
To calculate interest due:
Multiply Total Tax Due from line 6 by the daily factor; this is the interest for 1 day.
Multiply the amount of interest by the number of days from the due date until the tax return is postmarked.
Line ten (10), Current Periods Due:
If Timely: Total Tax Due line 6 minus Less Collection Allowance line.
If Late: Total Tax Due line 6 plus penalty line 8 plus interest line 9.
Line eleven (11), Previous Outstanding Credits: You will be notified by mail from the Osceola County Tax Collector of any credits.
Line twelve (12), Application fee: Five ($5.00) fee at time of application if applicable.
Line thirteen (13), Insufficient Check Fee: You will receive a Notice from the Osceola County Tax Collector or the Office of Commission Auditor Tourist Development Tax Services of the amount due.
Line fourteen (14), Total Amount Due: Current Period Due line 10 plus lines 11, 12, and 13 if applicable.
Signature: The owner or their representative MUST SIGN and Date the completed tax return.
Tax Payments must be made payable in United States Funds only.
Make checks payable to:
Osceola County Tax Collector
2501 East Irlo Bronson Memorial Highway
Kissimmee, FL 34744