California Form 592-B Draft - Resident And Nonresident Withholding Tax Statement - 2014 Page 2
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5Resident and Nonresident Withholding
TAXABLE YEAR
CALIFORNIA FORM
2014
592-B
Tax Statement
Amended
Part I Withholding Agent
Name of withholding agent (from Form 592 or 592-F)
SSN or ITIN
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
Name of payee
SSN or ITIN
CA
Address (apt./ste., room, PO Box, or PMB no.)
FEIN
CA Corp no.
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).
A
Payments to Independent Contractors
E
Estate Distributions
H
Allocations to Foreign (non-U.S.)
B
Trust Distributions
F
Elective Withholding
Nonresident Partners/Members
C
Rents or Royalties
G
Elective Withholding/Indian Tribe
I
Other ___________________________
D
Distributions to Domestic (U.S.)
Nonresident Partners/Members/
Beneficiaries/S Corporation Shareholders
Part IV Tax Withheld
1 Total income subject to withholding. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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2 Total California tax withheld (excluding backup withholding). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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3 Total Backup Withholding. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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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, 2009, and to the California Revenue and Taxation Code (R&TC).
General Information
California backup withholding rate is 7% of the
specified. When we use the initials RDP they
payment. For California purposes, dividends,
refer to both a California registered domestic
Increase in Rates – For taxable years
interests, and any financial institutions release
“partner” and a California registered domestic
beginning on or after January 1, 2012, the
of loan funds made in the normal course of
“partnership,” as applicable. For more
maximum personal income tax rate increased
business are exempt from backup withholding.
information on RDPs, get FTB Pub. 737, Tax
to 12.3%. In addition, non-California
For additional information on California backup
Information for Registered Domestic Partners.
partnerships are subject to withholding
withholding, go to ftb.ca.gov and search for
A Purpose
requirements on a sale of California real
backup withholding.
property at a rate of 3 1/3% (.0333) of
Use Form 592-B to report to the payee the
If a payee has backup withholding, the payee
sales price or 12.3% of gain. The alternative
amount of payment or distribution subject
must contact the FTB to provide a valid
withholding rate for the gain on sale of
to withholding and tax as reported on Form
Taxpayer Identification Number (TIN) before
California real property by S corporations
592 or Form 592-F. Items of income that
filing a tax return. The following are acceptable
increased to 13.8% and 15.8% for financial
are subject to withholding are interest,
TINs: social security number (SSN); individual
S corporations.
dividends, rents, endorsement income,
taxpayer identification number (ITIN); federal
royalties for natural resources, prizes and
Do Not Round Cents to Dollars – On this form,
employer identification number (FEIN);
winnings, premiums, annuities, emoluments,
do not round cents to the nearest whole dollar.
California corporation number (CA Corp no.);
compensation for personal services, and other
Enter the amounts with dollars and cents as
or California Secretary of State (CA SOS) file
fixed or determinable annual or periodical
actually withheld.
number. Failure to provide a valid TIN will result
gains, profits and income. Complete a separate
in the denial of the backup withholding credit.
Backup Withholding – With certain limited
Form 592-B for each payee.
exceptions, payers that are required to withhold
Registered Domestic Partners (RDPs) –
Form 592-B is provided to the payee to file
and remit backup withholding to the Internal
For purposes of California income tax,
with their state tax return. This form can be
Revenue Service (IRS) are also required to
references to a spouse, husband, or wife also
provided to the payee electronically. For more
withhold and remit to the Franchise Tax Board
refer to a California RDP, unless otherwise
information go to ftb.ca.gov and search for
(FTB) on income sourced to California. The
Form 592-B 2013
7101143
For Privacy Notice, get FTB 1131 ENG/SP.
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