Washington State Form 17 Withholding Tax In Riverside

State:
Multi-State
County:
Riverside
Control #:
US-00056DR
Format:
Word; 
Rich Text
Instant download

Description

The Washington state form 17 withholding tax in Riverside is designed for individuals and entities engaged in real estate transactions, particularly those selling or leasing property. This form facilitates the collection of withholding taxes on the sale or lease of real property, ensuring compliance with tax obligations in Washington state. Key features include a clear outline of seller responsibilities, the obligation to report the sale, and the potential tax implications associated with the transaction. Users must accurately fill in details such as the legal description of the property, seller and buyer information, and the agreed-upon professional fee for the agent involved. It is important to seek legal counsel if the instructions are unclear. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to streamline transactions, prevent tax-related issues, and maintain compliance with state laws. Proper completion of this form can aid real estate professionals in ensuring that all parties are informed of their tax responsibilities during property transfers.

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FAQ

Income tax forms: The State of Washington does not have a personal or corporate Income Tax. Warning: to protect against the possibility of others accessing your confidential information, do not complete these forms on a public workstation.

Point of Contact Department of Revenue Washington State. 360-705-6705.

Copies of your Business License (BLA) can be ordered with the Department of Revenue .dor.wa or by calling 360-705-6741.

On the My DOR Services page, in the Individuals and Families section, click the Apply for a consumer sales tax refund. On the Select Type of Refund page, select Consumer, and click Next. On the Consumer Refund page, select the type of tax you would like refunded and enter the reason for the refund, and click Next.

A general sales tax is a tax imposed at one rate on retail sales of a broad range of items. A taxpayer makes the election by checking box 5a on Schedule A of Form 1040. If you elect to deduct state and local general sales taxes, you can use either your actual expenses or the optional sales tax tables.

No income tax in Washington state.

What You Need to Know about the Washington State Seller Property Disclosure – Form 17. Washington State requires sellers of residential real property to thoroughly disclose material facts on a form called the Residential Real Property Disclosure Statement (often referred to as Form 17).

It is prepared by the seller's solicitors.

You can get the form from a buyer's or seller's agent or real estate attorney. While the disclosure form will vary in format, it may contain the following: List of specific issues the homeowner must check off if the home has them. Questions about the property the seller must answer with “Yes,” “No” or “Unknown”

The state does not require disclosure of any deaths, including murders or suicide. Do you have to report a death in your home while selling real estate in Washington?

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Washington State Form 17 Withholding Tax In Riverside