Looking for a California Tax Forms And Templates? Download it for free!

Nonresident Withholding Exemption

TAXABLE YEAR

CALIFORNIA FORM

590-P

Certificate for Previously Reported Income

The payee completes this form and submits it to the withholding agent. The withholding agent keeps this form with their records.

Withholding Agent

Name of S corporation, partnership, or LLC

Payee

Name of S corporation shareholder, partnership partner, or LLC member

SSN or ITIN

FEIN

CA Corp no.

CA SOS file no.

Address (apt./ste., room, PO box, or PMB no.)

City (If you have a foreign address, see instructions.)

State

ZIP code

This exemption form is for current or prior year’s income that has been reported on the pass-through entity’s California income tax return.

Payee’s certificate of previously reported income: Payee must complete and sign below.

To learn about your privacy rights, how we may use your information, and the consequences for not providing the requested information, go to ftb.ca.gov and

search for privacy notice. To request this notice by mail, call 800.852.5711.

Under penalties of perjury, I hereby certify that the California source income from the above-named withholding agent, (as shown on Schedules K-1 (100S, 565,

or 568), or other documents provided by the withholding agent) for the year(s) ___________________ has already been reported as California source income

on the above-named payee’s California income tax return for taxable year(s) ____________________ and that no withholding is required. (The payee must have

must have filed all required California income tax returns prior to signing this certificate.)

Print or type payee’s name and title

Telephone

(

)

Payee’s signature

Date

Instructions for Form 590-P

Nonresident Withholding Exemption Certificate for Previously Reported Income

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

Purpose

• You are an S corporation shareholder,

partner in a partnership, or member in

R&TC Section 18662 and related regulations

Use Form 590-P, Nonresident Withholding

an LLC who is a resident of California or

require withholding of income or franchise

Exemption Certificate for Previously Reported

who has a permanent place of business

tax by S corporations, partnerships, or limited

Income, if you are a nonresident S corporation

in California. Instead use Form 590,

liability companies (LLCs) when distributions

shareholder, partner in a partnership, or

Withholding Exemption Certificate.

of money or property that represent California

member in an LLC to certify an exemption

• Your income is not yet reported on your

source income are made to S corporation

from withholding on current year distributions

California tax return.

shareholders, partnership partners, or LLC

of an S corporation’s, partnership’s, or LLC’s

Get Form 588, Nonresident Withholding Waiver

members that are nonresidents of California.

prior year income.

Request, to request a waiver of withholding

Distributions subject to withholding include,

If you have already reported the income

on payments of current year California source

but are not limited to, distributions that

represented by this distribution on your

income. Get Form 589, Nonresident Reduced

represent current year’s income or prior

California tax return as income from

Withholding Request, to request a reduction in

year’s income that should have been, but

California sources, submit Form 590-P to the

the standard 7% withholding rate.

was not previously reported as income from

S corporation, partnership, or LLC.

California sources on the S corporation

The S corporation, partnership, or LLC will be

Specific Instructions

shareholder’s, partnership partner’s, or LLC

relieved of the withholding requirements for

member’s California income tax return.

your share of this distribution when relying

Payee Instructions

However, no withholding is required if the total

in good faith on a completed and signed

Enter the current year in the box at the top of

distributions of California source income to the

Form 590-P.

this form.

S corporation shareholder, partnership partner,

Do not use Form 590-P if one of the following

Enter the S corporation’s, partnership’s,

or LLC member are $1,500 or less during

applies:

or LLC’s name and the S corporation

the calendar year. For more information on

shareholder’s, partnership partner’s, or LLC

• Your withholding is for backup withholding.

S corporation, partnership, or LLC withholding,

member’s information, including the taxpayer

• You are a foreign (non-U.S.) partner or

get FTB Pub. 1017, Resident and Nonresident

identification number (TIN), and check the

member. There is no provision under R&TC

Withholding Guidelines.

Section 18666 to allow an exemption from

appropriate TIN box.

withholding for a foreign partner or member.

Form 590-P

2015

7071153

California Form 590-P Draft - Nonresident Withholding Exemption Certificate For Previously Reported Income - 2016

Related Articles

Related forms

Related Categories