California Form 593-I Draft - Real Estate Withholding Installment Sale Acknowledgement - 2012 Page 4

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Additional Information
When you send the withholding on the final
installment payment, write “Final Installment
To get withholding forms or publications,
Payment” on the bottom of Form 593.
or to speak to a representative, contact our
We update our forms annually. Make certain
Withholding Services and Compliance’s
you use the most current form. For more
automated telephone service at:
information on withholding on installment
888.792.4900, or
payments, see the instructions for Form 593 or
916.845.4900
call Withholding Services and Compliance at
FAX 916.845.9512
888.792.4900 or 916.845.4900.
Or write to:
Real Estate Escrow Person
WITHHOLDING SERVICES
Instructions
AND COMPLIANCE
FRANCHISE TAX BOARD
Make a copy of this form for your records. Send
PO BOX 942867
the completed original Form 593-
I
, a copy of the
SACRAMENTO CA 94267-0651
promissory note, the seller’s certified Form 593,
and Form 593-V, with the required withholding
You can download, view, and print California
amount on the first installment payment to
tax forms and publications at ftb.ca.gov.
the FTB. Get Form 593 instructions for more
Or to get forms by mail write to:
information.
TAX FORMS REQUEST UNIT
Interest and Penalties
FRANCHISE TAX BOARD
PO BOX 307
Interest will be assessed on late withholding
RANCHO CORDOVA CA 95741-0307
payments and is computed from the due
date to the date paid. If the real estate
Internet and Telephone Assistance
escrow person does not notify the buyer of
Website:
ftb.ca.gov
the withholding requirements in writing, the
Telephone: 800.852.5711 from within the
penalty is the greater of $500 or 10% of the
United States
required withholding.
916.845.6500 from outside the
If the buyer (after notification) or other
United States
withholding agent does not withhold, the
TTY/TDD:
800.822.6268 for persons with
penalty is the greater of $500 or 10% of the
hearing or speech impairments
required withholding.
Asistencia Por Internet y Teléfono
If the buyer or other withholding agent does
Sitio web:
ftb.ca.gov
not furnish complete and correct copies of
Teléfono:
800.852.5711 dentro de los
Form 593 to the seller by the due date, the
Estados Unidos
penalty is $50 per Form 593. If the failure
916.845.6500 fuera de los
is due to an intentional disregard of the
Estados Unidos
requirement, the penalty is the greater of $100
TTY/TDD:
800.822.6268 personas con
or 10% of the required withholding.
discapacidades auditivas y del
If the buyer or other withholding agent does
habla
not furnish complete and correct copies of
Form 593 to the FTB by the due date but does
file them within 30 days of the due date, the
penalty is $15 per Form 593. If Form 593 is
filed more than 30 days but less than 180
days after the due date, the penalty is $30 per
Form 593. If Form 593 is filed more than 180
days after the due date, the penalty is $50 per
Form 593. If the failure is due to an intentional
disregard of the requirement, the penalty is
the greater of $100 or 10% of the required
withholding.
Page  Form 593-
I
Instructions 2011

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