Form Ftb 4098 - Notice Of Overpayment Or Unpaid Liability (Page 2 of 2) in pdf

Paragraph Code Explanations

F1 You did not select a due date on your withholding

P1 One or more forms were filed late. Refer to the

form, which may result in an Information Return

paragraph code above for the penalty assessed.

Penalty.

P2 Information Return Penalty - We impose a penalty

F2 You did not report an amount as being withheld from

if you do not file your Form 593, Real Estate

seller. Provide this amount on an amended Form

Withholding Tax Statement, by the due date. The

593, Real Estate Withholding Tax Statement.

due date is 20 days following the end of the month in

F3 We revised the Total Tax Withheld and/or Backup

which the transaction occurred.

Withholding you reported to equal the sum of the

P3 Information Return Penalty - We impose a penalty

Total Tax Withheld and/or Backup Withholding from

if you do not file your Form 592, Resident and

your Schedule of Payees.

Nonresident Withholding Statement, by the following

F4 We revised the Total Withholding Amount Due

time frames and due dates:

because we found a computation error when we

added one or more of the following:

January 1 through March 31 ...................... April 15

• The Total Tax Withheld and/or Backup Withholding.

April 1 through May 31 .............................. June 15

• Prior Payments.

June 1 through August 31 ................ September 15

• Amount withheld by another entity.

September 1 through December 31 ..... January 15

F5 We revised the Balance Due, Overpayment,

If the due date falls on a weekend or legal

Refund and/or Credit to Next Year because we

holiday, use the next business day.

P4 Information Return Penalty - We impose a penalty

found a computation error in adding one or more of

the following:

if you do not file your Form 592F, Foreign Partner or

• The Total Tax Withheld and/or Backup Withholding.

Member Annual Return, by the due date. For

• Prior Payments.

withholding on foreign partners or members, the due

• Amount withheld by another entity.

date is on or before the 15th day of the fourth month

• Amount credited from prior years withholding.

following the close of the partnership’s or LLC’s

F6 The Schedule of Payees on your Form 592, Resident

taxable year. If all the partners or members are

and Nonresident Withholding Statement, or 592F,

foreign, the due date is on or before the 15th day of

Foreign Partner or Member Annual Return, was

the sixth month after the close of the partnership’s or

blank; therefore, we were unable to credit the

LLC’s taxable year.

R1 We revised one or more of the following to equal the

payment to your payee’s account. Provide this

amount on an amended Form 592 or Form 592F.

verified amounts:

F7 Multiple forms 593, Real Estate Withholding Tax

• Prior Payments.

Statement, received together are processed as one

• Amount withheld by another entity.

form for the purpose of issuing this notice. Forms

• Amount credited from prior year’s withholding.

received together can be submitted by one agent or

As a result, this revision changed the Total

multiple agents.

Withholding Amount Due shown on your form.

O1 Our records indicate you have an overpayment

R2 We revised one or more of the following to equal the

which can consist of: 1) excess payment of

verified amounts:

withholding remitted, and/or 2) excess amounts

• Prior Payments.

withheld by another entity. Withholding

• Amount withheld by another entity.

overpayments cannot be applied to Information

• Amount credited from prior year’s withholding.

Return Penalties. Take the appropriate action:

As a result, this revision changed the Balance Due,

 For amounts withheld by another entity, contact us

Overpayment, Refund and/or Credit to Next Year

shown on your form.

to resolve.

R3 Prior Balance is the amount we applied to your

 If you intended to submit a nonwage withholding

account from previously remitted payments and/or

payment, submit the applicable Information

credits. This amount is reflected in your overpayment

Return. If you have already submitted an

or underpayment.

Information Return for this excess payment,

R4 The amount shown is reflected in your overpayment

or underpayment.

 If you submitted payment in error, or if a payment

U1 When we added up the total of amounts withheld and

included amounts that were not amounts actually

allocated to the seller or payees on all forms you

withheld, contact us to resolve or request a refund.

submitted, it did not equal the amounts received.

Internet and Telephone Assistance

Website:

ftb.ca.gov

Telephone: 888.792.4900 from within the United States

916.845.4739 from outside the United States

TTY/TDD:

800.822.6268 for persons with hearing or speech impairments

FTB 4098 (REV 10-2012) PAGE 2

Form Ftb 4098 - Notice Of Overpayment Or Unpaid Liability Page 2

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