State that you will not be satisfied until your complete deposit is returned and you will seek the maximum permited by law for unlawfully withholding the security deposit..  

In many states, even more landlord friendly states, you must give written notice of the amount you're withholding from the security deposit, and why it is being withheld.

We are done with another flip.http://www.7156emeraldave.com/Escrow company is withholding Cal Firpta Withholding 3.33% Franchise Tax Board.

Account ClosedLook up form 593 - there may be some scenarios where you are exempt from having to withhold taxes upon sale.However, you may still have to pay the tax when you file your return.

I don't have any experience with holding the commercial property in a speculative manner.

I have a little experience in NC with Holds.

If you incorporate an entity in the U.S.A. which is directly owned by the five of you, then you may still control when earnings are repatriated to Canada, but there will be a larger withholding by the IRS and, once received, the dividend will be taxed at your marginal tax rate (which may, or may not, be better than having it taxed at the corporate tax rate if you were using a CCPC.Once again:  The first thing your should do is find yourselves both an accountant and attorney with cross-border real estate experience, shell out a few hundred dollars and get an ownership structure which meets your present needs, but is capable of being evolved to meet your future requirements with a minimum tax burden.

But, since he's already been paid, I can't do what I should have done . . . withhold payment.

I guess suggesting a blog about ethics for investors is like discussing withholding tax in a house of ill repute!

Usually, though, these include the right for you to withhold any part of the deposit and itemize to the current leaseholder for costs to relist/re-rent the unit and the length of time it takes to find a new, qualified applicant.