Dear Landlord,

The Internal Revenue Service and the State of California have increased their reporting enforcement efforts.  In order to comply with the reporting requirements we will be requesting several things from you to ensure accurate information is supplied.

First, we ask that you complete the enclosed Form W-9, Request for Taxpayer Identification Number and Certification.  This will ensure that we report the proper tax identification number on all federal and state submittals.  Second, we ask that you complete the enclosed Form 590, Withholding Exemption Certificate.  This form certifies to us that you are exempt from the nonresident withholding provisions of the State of California.  If you are unable to complete the withholding exemption certificate because you are a non-resident or an entity not qualified to do business in California, please see the separate non-resident package.

We will be reporting the gross rents collected on your behalf on an annual basis on Form 1099-MISC.  If you are subject to non-resident withholding, this form will also report the total taxes withheld for the year.  This form will be supplied to you in January along with a summary of the receipts and disbursement associated with each property.

If you have any questions, please do not hesitate to call.

Sincerely,

Team Kassis Property Management 

Download W9 Here 

 Download Withholding Exemption ertificte Form 590 Here

 

 

 

 

 

 

 

 
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