California Property Management

FTB Delay’s Witholding Requirements for Property Managers

The state FTB has agreed to delay implementation of its withholding requirement for property managers who manage California residential property for out-of-state owners. The FTB will use 2009 to educate management companies and other agents about this requirement and will begin to enforce the withholding in 2010. According to the FTB they will “focus on …

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