Voters on Tuesday rejected Proposition 5, a statewide ballot measure that would have allowed homeowners who are 55 or older or severely disabled to transfer tax assessments from a prior…
Taxes
21–30 of 31
A CAA-supported bill that would increase the state tax credit for renters has advanced to the state Assembly. On May 30, SB 1182 by state Sen. Steve Glazer, D-Orinda, won…
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Industry Insights
California’s Proposition 13 – The People’s Initiative to Limit Property Taxation
A tax revolt in the 1970’s culminated in the passage by the voters of Proposition 13 in 1978. It was titled the People’s Initiative to Limit Property Taxation, also known…
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FAQs
Out-of-state owners and operators – Please consult your accountant or a tax attorney.
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State Sens. Holly Mitchell and Loni Hancock on Wednesday held a news conference on their bid to amend California’s constitution and undermine California’s Proposition 13. SCA 5 would assess commercial and…
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Industry Insights
Withholding Guidelines: In-State and Out-of-State Owners
California property management companies must withhold a portion of rent collected from California properties that are owned by their clients who reside outside of the state. This rule applies only…
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FAQs
I am a small management company, I do not earn $100,000, but some of my owners do – who files the form?
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FAQs
If we don’t purchase from out of state, do we still need to register every single entity that we manage?
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FAQs
What if I as a management company write a trust account check for the owner without “reimbursement”, now what?
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FAQs
If I made only one out-of-state purchase, would the use tax apply? Would I need to file a return even if no tax applies?
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