Form 592-B 2018 Resident and Nonresident Withholding Tax Statement - California

Form 592-B or the "Resident And Nonresident Withholding Tax Statement" is a form issued by the California Franchise Tax Board.

Download a PDF version of the latest Form 592-B down below or find it on the California Franchise Tax Board Forms website.

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Resident and Nonresident Withholding
TAXABLE YEAR
CALIFORNIA FORM
2018
592-B
Tax Statement
m
Amended
Part I Withholding Agent Information
Name of withholding agent (from Form 592 or 592-F)
SSN or ITIN
m
m
m
Address (apt./ste., room, PO box, or PMB no.)
FEIN
CA Corp no.
CA SOS file no.
City (If you have a foreign address, see instructions.)
State
ZIP code
Daytime telephone number
(
(
)
)
Part II Payee Information
Name of payee
SSN or ITIN
m
m
m
Address (apt./ste., room, PO box, or PMB no.)
FEIN
CA Corp no.
CA SOS file no.
City (If you have a foreign address, see instructions.)
State
ZIP code
Part III Type of Income Subject to Withholding. Check the applicable box(es)
m
m
m
A
Payments to Independent Contractors
E
Estate Distributions
H
Allocations to Foreign (non-U.S.)
m
m
B
Trust Distributions
F
Elective Withholding
Nonresident Partners/Members
m
m
m
C
Rents or Royalties
G
Elective Withholding/Indian Tribe
I
Other ___________________________
m
D
Distributions to Domestic (U.S.)
Nonresident Partners/Members/
Beneficiaries/S Corporation Shareholders
Part IV Tax Withheld
1 Total income subject to withholding. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2 Total California tax withheld (excluding backup withholding). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Total backup withholding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
2018 Instructions for Form 592-B
Resident and Nonresident Withholding Tax Statement
References in these instructions are to the Internal Revenue Code (IRC) as of January 1, 2015, and to the California Revenue and Taxation Code (R&TC).
General Information
For additional information on California backup
Penalty Increase – Beginning on or after
withholding, go to ftb.ca.gov and search for
January 1, 2016, the penalties related to
California Revenue and Taxation Code (R&TC)
backup withholding.
failure to file information returns increased.
Sections 18662 and 18664 require the
See General Information F, Penalties, or
If a payee has backup withholding, the payee
withholding agent to provide a completed
get FTB 1150, Withhold at Source Penalty
must contact the FTB to provide a valid
Form 592-B, Resident and Nonresident
Information, for more information.
Taxpayer Identification Number (TIN) before
Withholding Tax Statement, to the payee to
filing a tax return. The following are acceptable
A
Purpose
report the amount of payment or distribution
TINs: social security number (SSN); individual
subject to withholding and tax. The payee files
taxpayer identification number (ITIN); federal
Use Form 592-B, to report to the payee the
Form 592-B with their California tax return
employer identification number (FEIN);
amount of payment or distribution subject to
to claim the credit for the withheld amount.
California corporation number (CA Corp no.);
withholding and tax as reported on Form 592,
See General Information A Purpose, for more
or California Secretary of State (CA SOS) file
Resident and Nonresident Withholding
information.
number. Failure to provide a valid TIN will result
Statement, or Form 592-F, Foreign Partner or
Backup Withholding – With certain limited
in the denial of the backup withholding credit.
Member Annual Return. Complete a separate
exceptions, payers that are required to withhold
Form 592-B for each payee.
Registered Domestic Partners (RDPs) –
and remit backup withholding to the Internal
For purposes of California income tax,
Form 592-B is provided to the payee to file
Revenue Service (IRS) are also required to
references to a spouse, husband, or wife also
with their state tax return. This form can be
withhold and remit to the Franchise Tax Board
refer to a California RDP, unless otherwise
provided to the payee electronically. For more
(FTB) on income sourced to California. The
specified. When we use the initials RDP they
information, go to ftb.ca.gov and search for
California backup withholding rate is 7% of the
refer to both a California registered domestic
electronic 592-B requirements. A broker can
payment. For California purposes, dividends,
“partner” and a California registered domestic
provide Form 592-B as a composite statement.
interests, and any financial institutions release
For more information, go to ftb.ca.gov and
“partnership,” as applicable. For more
of loan funds made in the normal course of
information on RDPs, get FTB Pub. 737, Tax
search for composite 592-B.
business are exempt from backup withholding.
Information for Registered Domestic Partners.
Form 592-B 2017
7101183
For Privacy Notice, get FTB 1131 ENG/SP.
Resident and Nonresident Withholding
TAXABLE YEAR
CALIFORNIA FORM
2018
592-B
Tax Statement
m
Amended
Part I Withholding Agent Information
Name of withholding agent (from Form 592 or 592-F)
SSN or ITIN
m
m
m
Address (apt./ste., room, PO box, or PMB no.)
FEIN
CA Corp no.
CA SOS file no.
City (If you have a foreign address, see instructions.)
State
ZIP code
Daytime telephone number
(
(
)
)
Part II Payee Information
Name of payee
SSN or ITIN
m
m
m
Address (apt./ste., room, PO box, or PMB no.)
FEIN
CA Corp no.
CA SOS file no.
City (If you have a foreign address, see instructions.)
State
ZIP code
Part III Type of Income Subject to Withholding. Check the applicable box(es)
m
m
m
A
Payments to Independent Contractors
E
Estate Distributions
H
Allocations to Foreign (non-U.S.)
m
m
B
Trust Distributions
F
Elective Withholding
Nonresident Partners/Members
m
m
m
C
Rents or Royalties
G
Elective Withholding/Indian Tribe
I
Other ___________________________
m
D
Distributions to Domestic (U.S.)
Nonresident Partners/Members/
Beneficiaries/S Corporation Shareholders
Part IV Tax Withheld
1 Total income subject to withholding. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2 Total California tax withheld (excluding backup withholding). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Total backup withholding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
2018 Instructions for Form 592-B
Resident and Nonresident Withholding Tax Statement
References in these instructions are to the Internal Revenue Code (IRC) as of January 1, 2015, and to the California Revenue and Taxation Code (R&TC).
General Information
For additional information on California backup
Penalty Increase – Beginning on or after
withholding, go to ftb.ca.gov and search for
January 1, 2016, the penalties related to
California Revenue and Taxation Code (R&TC)
backup withholding.
failure to file information returns increased.
Sections 18662 and 18664 require the
See General Information F, Penalties, or
If a payee has backup withholding, the payee
withholding agent to provide a completed
get FTB 1150, Withhold at Source Penalty
must contact the FTB to provide a valid
Form 592-B, Resident and Nonresident
Information, for more information.
Taxpayer Identification Number (TIN) before
Withholding Tax Statement, to the payee to
filing a tax return. The following are acceptable
A
Purpose
report the amount of payment or distribution
TINs: social security number (SSN); individual
subject to withholding and tax. The payee files
taxpayer identification number (ITIN); federal
Use Form 592-B, to report to the payee the
Form 592-B with their California tax return
employer identification number (FEIN);
amount of payment or distribution subject to
to claim the credit for the withheld amount.
California corporation number (CA Corp no.);
withholding and tax as reported on Form 592,
See General Information A Purpose, for more
or California Secretary of State (CA SOS) file
Resident and Nonresident Withholding
information.
number. Failure to provide a valid TIN will result
Statement, or Form 592-F, Foreign Partner or
Backup Withholding – With certain limited
in the denial of the backup withholding credit.
Member Annual Return. Complete a separate
exceptions, payers that are required to withhold
Form 592-B for each payee.
Registered Domestic Partners (RDPs) –
and remit backup withholding to the Internal
For purposes of California income tax,
Form 592-B is provided to the payee to file
Revenue Service (IRS) are also required to
references to a spouse, husband, or wife also
with their state tax return. This form can be
withhold and remit to the Franchise Tax Board
refer to a California RDP, unless otherwise
provided to the payee electronically. For more
(FTB) on income sourced to California. The
specified. When we use the initials RDP they
information, go to ftb.ca.gov and search for
California backup withholding rate is 7% of the
refer to both a California registered domestic
electronic 592-B requirements. A broker can
payment. For California purposes, dividends,
“partner” and a California registered domestic
provide Form 592-B as a composite statement.
interests, and any financial institutions release
For more information, go to ftb.ca.gov and
“partnership,” as applicable. For more
of loan funds made in the normal course of
information on RDPs, get FTB Pub. 737, Tax
search for composite 592-B.
business are exempt from backup withholding.
Information for Registered Domestic Partners.
Form 592-B 2017
7101183
For Privacy Notice, get FTB 1131 ENG/SP.
Part I – Withholding Agent
Do not use Form 592-B to allocate or distribute
installment payment is made. See Treas. Regs.
withholding to each payee, use Form 592 or
Section 1.1446-3(d)(1)(i) for information that
Information
Form 592-F.
must be included in the notification and for
Enter the withholding agent’s name, TIN,
exceptions to the notification requirement. For
Pass-through entities withheld upon by another
address, and telephone number.
California withholding purposes, withholding
entity use:
agents should make a similar notification. No
Part II – Payee Information
• Form 592 to pass through the withholding
particular form is required for this notification,
to domestic nonresident partners in a
and it is commonly done on the statement
Enter the payee's name, TIN, and address.
partnership, members of a limited liability
accompanying the distribution or payment.
If the payee is a grantor trust, enter the
company (LLC), estate or trust beneficiaries,
However, the withholding agent may choose
grantor’s individual name and SSN or ITIN.
and S corporation shareholders.
to report the tax withheld to the payee on a
Do not enter the name of the trust or trustee
• Form 592-F to pass through the withholding
Form 592-B.
information. (For tax purposes, grantor trusts
to foreign (non U.S.) partners or members.
are transparent. The individual grantor must
E
Amending Form 592-B
B
Helpful Hints
report the income and claim the withholding on
If an error is discovered and/or if a trust
the individual’s California tax return.)
• Get taxpayer identification numbers (TINs)
receives their FEIN after the withholding agent
If the payee is a non-grantor trust, enter the
from all payees.
provides Form 592-B to the payee, then the
name of the trust and the trust’s FEIN. Do not
• Complete all applicable fields.
withholding agent must follow the amending
enter trustee information.
• Complete all forms timely to avoid
instructions for Form 592 or Form 592-F and
penalties.
If the trust has applied for a FEIN, but it has not
follow the steps below:
been received, enter "applied for" in the space
C
Who Must Complete
• Complete a new Form 592-B using the
for the trust’s FEIN and attach a copy of the
same taxable year form as originally
federal application to the back of Form 592-B.
Form 592-B must be completed by the
provided to the payee.
After the FEIN is received, amend Form 592-B
withholding agent, including any person or
• Check the Amended box at the top left
to submit the assigned FEIN.
entity who:
corner of the form.
If the payees are married/RDP, enter only
• Has withheld on payments to residents or
• Provide the amended copy of Form 592-B
the name and SSN or ITIN of the primary
nonresidents.
to the payee.
spouse/RDP. However, if the payees intend
• Has withheld backup withholding on
F
Penalties
to file separate California tax returns, the
payments to residents or nonresidents.
withholding agent should split the withholding
• Was withheld upon and must pass through
The withholding agent must furnish complete
and complete a separate Form 592-B for each
the withholding credit to their pass-through
and correct copies of Form(s) 592-B to the
spouse/RDP.
entity owners.
payee by the due date.
Record Keeping
Part III – Type of Income Subject
If the withholding agent fails to provide
The withholding agent retains the proof of
complete, correct, and timely Form(s) 592-B to
to Withholding
withholding for a minimum of five years and
the payee, the penalty per Form 592-B is:
must provide it to the FTB upon request.
Check the box(es) for the type of income
• $100 for each payee statement not provided
subject to withholding.
D
When To Complete
by the due date.
• $250 or 10% of the amount required to
Part IV – Tax Withheld
Form 592-B must be completed and provided
be reported (whichever is greater), if the
to each payee by:
Line 1
failure is due to intentional disregard of the
• January 31st following the close of the
Enter the total income subject to withholding.
requirement.
calendar year for residents or nonresidents.
Line 2
• February 15th following the close of the
Specific Instructions
Enter the total California tax withheld
calendar year for brokers as stated in
(excluding backup withholding). The amount
Internal Revenue Code (IRC) Section 6045.
of tax to be withheld is computed by applying
Instructions for Withholding Agent
Form 592-B must be provided to each foreign
a rate of 7% on items of income subject to
(non-U.S.) partner or member by:
withholding. For foreign partners, the rate is
Year – The year in the top left corner of
8.84% for corporations, 10.84% for banks and
• The 15th day of the 3rd month following the
Form 592-B represents the calendar year in
financial institutions, and 12.3% for all others.
close of the partnership's or LLC's taxable
which the withholding took place.
year.
For pass-through entities, the amount
For foreign partners or foreign members,
• The 15th day of the 6th month following the
withheld is allocated to partners, members,
match the year in the top left corner of
close of the partnership's or LLC's taxable
S corporation shareholders, or beneficiaries,
Form 592-B to the year that the partnership’s
year, if all the partners in the partnership or
whether they are residents or nonresidents of
or LLC’s taxable year ended. For example, if
members in the LLC are foreign.
California, in proportion to their ownership or
the partnership’s or LLC’s taxable year ended
beneficial interest.
10-Day Notification – When making a
December 31, 2017, use the 2017 Form 592-B.
payment of withholding tax to the IRS under
Line 3
Private Mail Box (PMB) – Include the PMB
IRC Section 1446, a partnership must notify
Enter the total backup withholding, if
in the address field. Write “PMB” first, then
all foreign partners of their allocable shares
applicable.
the box number. Example: 111 Main Street
of any IRC Section 1446 tax paid to the IRS
PMB 123.
by the partnership. The partners use this
Foreign Address – Follow the country's
information to adjust the amount of estimated
practice for entering the city, county, province,
tax that they must otherwise pay to the IRS.
state, country, and postal code, as applicable,
The notification to the foreign partners must
in the appropriate boxes. Do not abbreviate the
be provided within 10 days of the installment
country name.
due date, or, if paid later, the date the
Page 2 Form 592-B Instructions 2017
Instructions for Payee
If the withholding exceeds the amount of tax
For questions unrelated to withholding, or to
you owe on your tax return, you must pass
download, view, and print California tax forms
This withholding of tax does not relieve you of
through the excess to your shareholders,
and publications, or to access the TTY/TDD
the requirement to file a California tax return.
partners, or members.
numbers, see the information below.
You may be assessed a penalty if:
If you do not have an outstanding balance on
Internet and Telephone Assistance
• You do not file a California tax return.
your tax return, you must pass through the
Website:
ftb.ca.gov
• You file your tax return late.
entire amount to your shareholders, partners,
Telephone: 800.852.5711 from within the
• The amount of withholding does not satisfy
or members. Use Form 592 to pass the
United States
your tax liability.
withholding to your domestic shareholders,
916.845.6500 from outside the
partners, or members. Use Form 592-F to pass
How To Correct An Error
United States
the withholding to your foreign (non U.S.)
If a payee notices an error, the payee
partners or members.
should contact the withholding agent. Only
TTY/TDD:
800.822.6268 for persons with
withholding agents can complete an amended
hearing or speech disability
If you are an estate or trust, you must pass
Form 592-B. Upon completion, the withholding
through the withholding to your beneficiaries
711 or 800.735.2929 California
agent should provide a copy of the amended
if the related income was distributed. Use
relay service
Form 592-B to the payee.
Form 592 to pass through the withholding to
Asistencia Por Internet y Teléfono
your beneficiaries. If you did not distribute the
How to Claim the Withholding
Sitio web:
ftb.ca.gov
income, you must claim the withholding on the
Claim your withholding credit on one of the
fiduciary return, Form 541, California Fiduciary
Teléfono:
800.852.5711 dentro de los
following:
Income Tax Return.
Estados Unidos
• Form 540, California Resident Income Tax
The amount shown as “Total income subject to
916.845.6500 fuera de los
Return
withholding” may be an estimate or may only
Estados Unidos
• Form 540NR Long, California Nonresident
reflect how withholding was calculated. Be sure
or Part-Year Resident Income Tax Return
TTY/TDD:
800.822.6268 para personas con
to report your actual taxable California source
• Form 541, California Fiduciary Income Tax
discapacidades auditivas o de
income. If you are an independent contractor
Return
habla
or receive rent, endorsement income, royalties,
• Form 100, California Corporation Franchise
711 ó 800.735.2929 servicio de
see your contract and/or federal Form 1099
or Income Tax Return
relevo de California
to determine your California source income.
• Form 100S, California S Corporation
If you are a shareholder of an S-corporation,
Franchise or Income Tax Return
partner in a partnership, or a member in an
• Form 100W, California Corporation
LLC, see your California Schedule K-1, Share
Franchise or Income Tax Return – Water’s-
of Income, Deductions, Credits, etc., issued by
Edge Filers
that entity to determine your California source
• Form 109, California Exempt Organization
income.
Business Income Tax Return
• Form 565, Partnership Return of Income
• Form 568, Limited Liability Company
Additional Information
Return of Income
Website:
For more information go to
If you have backup withholding, you must
ftb.ca.gov and search for
contact the FTB to provide a valid TIN before
nonwage.
filing a tax return. The following are acceptable
TINs: SSN, ITIN, FEIN, CA Corp no., or CA SOS
MyFTB offers secure online tax
file number. Failure to provide a valid TIN will
account information and services.
result in the denial of the backup withholding
For more information, go to
credit. Using the information provided on this
ftb.ca.gov and login or register
page, contact the FTB as soon as you receive
for MyFTB.
this form.
Telephone: 888.792.4900 or 916.845.4900,
Report the income as required and enter
Withholding Services and
the amount from Form 592-B, Part IV, line 2
Compliance phone service
on your California tax return as withholding
Fax:
916.845.9512
from Form(s) 592-B or 593. Attach a copy of
Mail:
WITHHOLDING SERVICES AND
Form 592-B to your California tax return. If you
COMPLIANCE MS F182
received a composite statement from a broker,
FRANCHISE TAX BOARD
attach only the Form 592-B information. Keep a
PO BOX 942867
copy for a minimum of five years and provide it
SACRAMENTO CA 94267-0651
to the FTB upon request.
If you are an S corporation, partnership, or
LLC, you may either pass through the entire
amount to your shareholders, partners, or
members or claim the withholding, to the
extent of your outstanding tax liability, on your
tax return.
Form 592-B Instructions 2017 Page 3

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