STATE OF CALIFORNIA NON-RESIDENT OUT-OF-STATE OWNER TAX WITHHOLDING REQUIREMENT
July 5th, 2020California law requires, with some exceptions, anyone who lives outside of California and who owns rental property in this state to pay a withholding credit on any rents collected.
As your contracted property management company, we are mandated by law to withhold seven percent (7%) of the rents I collect on your behalf (less any management fees) and to send those funds to the Franchise Tax B ...