California Non-Resident Property Owners Must Have Income Tax Withheld on Revenue from Properties

Beginning January 1, 2010, property managers must withhold 7% of all income, that exceeds $1,500, on California properties owned by nonresidents, which would be sent to the nonresident property owners, unless the owner qualifies for reduced or waived withholding.

see article for details- California Non-Resident Income Tax Withholding Required on Properties Starting January 1, 2010 - click here for article.

______________________ 

Harrison K. Long, Explore Group, Coldwell Banker Previews, Irvine, CA.  Irvine Realtor.  CA DRE #01410855.  ExploreProperties@gmail.com.  Tel. 949-854-7747.  

                   

Posted via email from Explore OC Homes