CA Nonresident Withholding Requirements for Passthrough Entities

The Franchise Tax Board (“FTB”) requires that California state taxes be withheld at a rate of 7% on payments and distributions of CA-source income to domestic (U.S.) non-CA residents when such payments exceed, or are expected to exceed, $1,500 to any such recipient in a given year. If you are an entity that is doing […]

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