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This publication provides guidance on the withholding requirements for sales of California real property, including explanations of withholding rates, exemptions, and responsibilities of involved
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How to fill out FTB Pub. 1016 (REV 12-2012)

01
Obtain FTB Pub. 1016 (REV 12-2012) from the California Franchise Tax Board website or local office.
02
Read the introduction section to understand the purpose of the publication.
03
Review the key terms and definitions to familiarize yourself with the terminology used.
04
Follow the step-by-step instructions for each section, filling in the required information accurately.
05
Use the examples provided to guide you in completing forms or understanding calculations.
06
Double-check your entries for accuracy and completeness before finalizing.
07
Submit the completed forms or information as directed in the publication.

Who needs FTB Pub. 1016 (REV 12-2012)?

01
Individuals and businesses in California who are seeking information on how to file their taxes or understand California tax laws.
02
Tax professionals who prepare tax returns for clients in California.
03
Anyone needing guidance on specific tax topics covered in FTB Pub. 1016 (REV 12-2012).
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Exemptions to the license requirement include: resident managers of apartment buildings and complexes or their employees; short-term (vacation – only if under 30 days) rental agents; employees of certain lending institutions; employees of real estate brokers for specific, limited functions; certain agricultural
Real estate withholding is required on the sale of CA real property held by a trust unless the trust can qualify for an exemption on Form 593. There are two types of trusts; a grantor and a nongrantor trust.
We issue orders to withhold to legally take your property to satisfy an outstanding balance due. We may take money from your bank account or other financial assets, or we may collect any personal property or thing of value belonging to you but in the possession and control of a third party.
You do not have to withhold tax if the CA real property is: $100,000 or less. In foreclosure. Seller is a bank acting as a trustee.
Wages paid to California residents for services performed both within and outside the state are subject to state income tax withholding.
The following individuals and entities are exempt from withholding: California residents. Corporations with a permanent place of business in California. Corporations qualified through SOS to do business in California.
Using black or blue ink, make your check or money order payable to “Franchise Tax Board.” Do not send cash. Write your SSN or ITIN and “2024 FTB 3582” on the check or money order.
You can claim exemption from withholding only if both the following situations apply: For the prior year, you had a right to a refund of all federal income tax withheld because you had no tax liability. For the current year, you expect a refund of all federal income tax withheld because you expect to have no liability.

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FTB Pub. 1016 (REV 12-2012) is a publication from the California Franchise Tax Board that provides guidelines and information related to the reporting of income and expenses for individuals and certain entities.
Individuals and entities required to report income and expenses on California tax returns may need to file FTB Pub. 1016 (REV 12-2012), especially those involved in business activities or owning rental properties.
To fill out FTB Pub. 1016 (REV 12-2012), one must follow the instructions provided in the publication, accurately report income, taxable amounts, deductions, and any applicable credits while ensuring all details are complete and correct.
The purpose of FTB Pub. 1016 (REV 12-2012) is to provide taxpayers with necessary information and instructions for reporting their income and related tax obligations correctly to ensure compliance with California tax laws.
Information that must be reported includes details of income sources, expenses incurred, credits claimed, and any required supporting documentation for claims made on California tax returns.
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