SACNARPM Virtual Class: FTB Withholding

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Date/Time
Date(s) - 12/09/2021
11:00 am - 12:00 pm

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The Franchise Tax Board (FTB) is the state agency that oversees California’s nonresident withholding program, including the requirements of property managers to withhold certain income of out-of-state clients. Two FTB experts on withholding requirements will define a property manager’s role as a withholding agent, explain California Nonresident Withholding Requirements, provide an overview of the exemptions and waivers. They also will explain how property managers report withholding and submit payments to FTB, describe the withholding liability and penalties, and share several withholding resources.

 

About Our Presenters
Kent Dingley has been with the Franchise Tax Board since 2008 and is an Auditor in the Withholding Services and Compliance Section (WSCS). Kent is responsible for ensuring withholding agents are in compliance with California’s withholding laws and regulations.
 
Chanel Yates has worked at Franchise Tax Board (FTB) since 2001 and as Program Specialist in the Withholding Services and Compliance Section (WSCS) since 2016. Chanel is the subject matter expert for California nonresident and real estate withholding. Chanel provides technical guidance on withholding issues to WSCS and FTB staff and management. Chanel also provides education and outreach to FTB stakeholders.