Out-of-state property owners tax being enforced
By: Tax Advisors Tax Planning Views: 6332 | Comments: 0 | Votes: 0

Come Wednesday, property managers throughout California will be required to pay the state 7 percent of rental proceeds to cover out-of-state owners’ estimated income taxes — a nearly 50-year-old requirement that is now being enforced as the state struggles with billions of dollars in budget deficits. “For us, it’s a tax matter,” Voet said. “It’s slavery. More