Property Management & Pending Tax Ruling

Investors who live out of California may have additional requirements from the California State Tax Franchise Board.  There was a discussion about the possibility of requiring Property Managers to withhold 7% of rental income and pay quarterly taxes for the property owner. 

California is in a budget crunch and this is one way to insure the state will receive its tax money.  I think it will also be a benefit for the investor to have their Property Manager take care of this added responsibility and not have to pay another tax bill in April.

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