Washington State Form 17 Withholding In Pennsylvania

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

Description

The Washington state form 17 withholding in Pennsylvania is utilized for documenting the withholding status of individuals when property sales occur. This form is particularly relevant for real estate transactions where agents represent either buyers or sellers. It includes essential details such as the legal description of the property, names of the seller(s) and buyer(s), and the fees associated with the real estate agent. Users must accurately complete the form to stipulate the agreed-upon professional fee, whether it is a fixed amount or a percentage of the sales price, payable at closing. Legal professionals such as attorneys, partners, owners, associates, paralegals, and legal assistants benefit from understanding this form's implications in the agency relationships it establishes. The form also discloses the type of agency relationship, whether as a single agent or a transactional agent, ensuring transparency in real estate practices. Clear instructions on filling out the form are essential to avoid confusion and maintain compliance with legal standards. This form serves as a vital tool for managing contracts in real estate, enabling all parties to be informed and protected during transactions.

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FAQ

California (CA) State Withholding Tax Laws Non-California residents, including U.S. citizens who are residents of other states, are subject to State income tax withholding of 7% of gross if the total payments excel $1,500 during the calendar year.

What are reciprocal tax agreements? ​PA has reciprocal tax agreements with Indiana, Maryland, New Jersey, Ohio, Virginia, and West Virginia. Under these agreements, one state will not tax a resident of the other state on compensation subject to employer withholding.

Pennsylvania has agreements with Indiana, Maryland, New Jersey, Ohio, Virginia and West Virginia. Generally, one state will not tax a resident of the other state on income subject to withholdings.

A reciprocal state is one that permits its own state grant funds to be used by students attending schools in PA. States that continue to support students attending schools in PA include Delaware, District of Columbia, Massachusetts, Ohio, Vermont, and West Virginia.

What are reciprocal tax agreements? ​PA has reciprocal tax agreements with Indiana, Maryland, New Jersey, Ohio, Virginia, and West Virginia.

U.S. States that Require State Tax Withholding Forms Alabama. Arizona. Arkansas. California. Connecticut. District of Columbia. Georgia. Hawaii.

How Your Washington Paycheck Works. Washington state does not impose a state income tax.

Deductions include a total of 1 12.96% (or $10,368.10) for the federal income tax, 2 0.00% (or $0.00) for the state income tax, 3 6.20% (or $4,960.00) for the social security tax and 4 1.45% (or $1,160.00) for Medicare.

Washington does not have a corporate income tax but does levy a state gross receipts tax. Washington has a 6.50 percent state sales tax rate and an average combined state and local sales tax rate of 9.38 percent. Washington has a 0.76 percent effective property tax rate on owner-occupied housing value.

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Washington State Form 17 Withholding In Pennsylvania