Washington State Form 17 Withholding Tax In Virginia

• Category: Real Estate - Listing Agreements
• State: Multi-State
• Control #: US-00056DR
• Format: Word; Rich Text

Description

The Washington State Form 17 Withholding Tax in Virginia serves as an essential document for tax compliance regarding withholdings from payments made to non-residents. This form primarily facilitates the collection and reporting of withholding tax, ensuring that appropriate amounts are deducted from payments for services rendered by individuals or businesses not operating within Virginia. It includes sections to specify the payer and recipient information, the amount withheld, and any applicable exemptions. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to ensure compliance with state tax regulations, mitigate risks associated with penalties, and streamline the tax reporting process. Proper filling of the form is critical, including accuracy in representing amounts and personal data. Users should carefully follow editing instructions to amend any errors prior to submission, as inaccuracies can lead to tax complications. This form is particularly useful in real estate transactions, contracts for services, or any payments made to out-of-state contractors. A comprehensive understanding of this form not only aids legal professionals in their practice but also supports clients in maintaining good standing with tax authorities.