California Form 593-B - Real Estate Withholding Tax Statement - 2004
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CALIFORNIA FORM
2004
Real Estate Withholding Tax Statement
593-B
Withholding Agent (Payer/Sender) Check one:
Escrow/Title Company
Accommodator/Intermediary
Buyer
FEIN
California Corporation Number
Private Mailbox No.
Name, Mailing Address, City, State, and ZIP Code
Social Security Number (SSN)
Seller or Transferor (Complete one 593-B for each seller, unless husband and wife)
Name, Mailing Address, City, State, and ZIP Code
Private Mailbox No.
Social Security Number (SSN)
Spouse’s SSN (if jointly owned)
FEIN
California Corporation Number
Escrow or Exchange Information
1 Escrow or Exchange Number
2 Date of Transfer, Exchange Completion,
3 Total Sales Price
4 Ownership Percentage
Exchange Failure, or Installment Payment
%
$
________ . ______
5 Address (or parcel number and county) of the
6 Amount Subject to Withholding
7 Amount Withheld From This Seller
California real property transferred
$ _____________________________
$ _________________________ . ____
Check One:
Check One:
Total Sales Price x Ownership %
(.0333 x Amount Subject to Withholding)
Installment Payment
Reduced by FTB
(Enter Confirmation No. Below)
Boot
R0400 __________________________
Failed Exchange
(Total Sales Price x Ownership %)
Preparer: Name and Title (please type or print)
Telephone Number
(
)
Copy A for Franchise Tax Board – File with Form 593
For Privacy Act Notice, get form FTB 1131 (Individuals only)
Normally, the buyer will only complete these
General Information
Interest and Penalties
forms when reporting the withholding on
Interest will be assessed on late withholding
California Revenue and Taxation Code
installment payments.
payments and is computed from the date due
Section 18662 requires the buyer or other
When and Where to File
to the date paid.
1
/
transferee to withhold 3
percent of the total
3
sales price on the disposition of California real
File Copy A of Form 593-B with Form 593 and
If the real estate escrow person does not notify
estate when the seller is an individual, a
pay the amount of tax withheld within 20 days
the buyer of the withholding requirements in
corporation with no permanent place of
following the end of the month in which the
writing, the penalty is the greater of $500 or
business in California, or a non-individual with
transaction occurred.
ten percent of the required withholding.
a last known street address (at the time of the
If a non-individual seller requested a waiver
If the buyer (after notification) or other
real estate transfer) outside of California.
from FTB before the close of escrow, but has
withholding agent does not withhold, the
Purpose
not received a response by the time escrow
penalty is the greater of $500 or ten percent of
closes, the parties may direct the escrow
the required withholding.
Use this form to report the real estate
person to hold funds for withholding in trust
If the withholding agent does not furnish
withholding for each seller.
for 45 days. If at the end of 45 days we have
complete and correct copies of Form 593-B to
Forms 593 and 593-B replace Form 597, Real
not responded, the escrow person should call
the seller by the due date, the penalty is $50
Estate Withholding Tax Statement , and are to
us at (888) 792-4900 to check the status
per Form 593-B. If the failure is due to an
be used for all escrows that close on or after
before remitting any withholding.
intentional disregard of the requirement, the
January 1, 2004.
Attach Copy A of Form 593-B to the back of
penalty is the greater of $100 or ten percent of
Use a separate Form 593-B to report the
Form 593 and mail with payment to:
the required withholding.
amount withheld from each seller. If the sellers
FRANCHISE TAX BOARD
If the withholding agent does not furnish
are married and they plan to file a joint return,
PO BOX 942867
complete and correct copies of Form 593-B to
include both spouses on the same Form 593-B.
SACRAMENTO CA 94267-0001
the FTB by the due date but does file them
Who Must File
within 30 days of the due date, the penalty is
Distribute the other copies of Form 593-B as
$15 per Form 593-B. If Form 593-B is filed
follows:
Any person who withheld on the sale or
more than 30 days after the due date, the
transfer of California real property during the
• Copies B & C – Send to sellers within 20
penalty is $50 per Form 593-B. If the failure is
calendar month must file Forms 593 and 593-B
days following the end of the month in
due to an intentional disregard of the require-
to report and remit the amount withheld.
which the transaction occurred.
ment, the penalty is the greater of $100 or ten
Generally, this will be the title company, escrow
• Copy D – Retained by withholding agent.
percent of the required withholding.
company, intermediary, or accommodator.
593B03103
Form 593-B
C2 (NEW 2004)
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