Property Management Blog

California Tax Withholding

System - Thursday, December 10, 2009
Beginning January 1st, 2010 the Franchise Tax Board will be requiring residential property managers to withhold 7% of nonresident owner’s rental income. You may qualify for an exemption if you meet the FTB residency requirements. A resident is defined in the instructions for Form 590. This form can be found online at:

For clients who are not California residents, you can fill out a Form 588 Nonresident Withholding Waiver Request. If you have been filing state taxes for the previous two taxable years, it is likely that the request will be approved. Here is a google search for the form 588:

For more info, please read the property manager blog regarding tax withholding.

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1190 S Bascom Ave. Suite 108
San Jose, CA 95128

P (408) 377-3000
F (408) 288-9426

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