Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Posted by taxguru on October 8, 2002

Not Happy With PRC Withholding Plans

Here’s someone who is actually a lot more upset than I am about the new rule requiring withholding of tax from sales of California real estate by residents of California. He gives the impression that it is a new additional tax, when it is really just an estimated tax payment that will either be refunded to the sellers or applied against their actual tax liabilities. We need to keep things in perspective here.

KMK

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