California Form 592-F - Foreign Partner Or Member Annual Return - 2015 Page 4
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4F Interest and Penalties
Line 5 – Enter prior payments for the taxable year
Amount of Tax Withheld – Enter the amount of
shown above from Forms 592-A.
tax withheld. Determine the California source
Interest on late payments is computed from the
taxable income allocable for the partner or
Line 6 – Enter the amount of foreign partner
due date of the withholding to the date paid.
member, then multiply by the applicable tax rate:
or member credit carried over from the prior
Failure to withhold may result in the withholding
withholding year.
Income amount X Maximum tax rate for the
agent being personally liable for the amount of tax
partner or member.
that should have been withheld and for interest
Line 8 – If line 3 is more than line 7, subtract
and penalties.
line 7 from line 3. Remit the withholding payment
Tax Rates
using the Supplemental Payment Voucher from
A penalty will be assessed for failure to file
12.3%
Non-corporate maximum tax rate
Form 592-A, along with Form 592-F.
complete, correct, and timely information returns
8.84%
Corporate maximum tax rate
(Form 592-F Schedule of Payees) with the FTB.
Line 9 – If line 7 is more than line 3, subtract
10.84%
Bank and financial institution maximum
The penalty is calculated per payee:
line 3 from line 7 (complete lines 10 and 11).
tax rate
• $15 if filed 1 to 30 days after the due date.
Line 10 – Enter the amount of your overpayment
Additional Information
• $30 if filed 31 days to 6 months after the due
on line 9 that you want to credit to the 2016
date.
Form 592-F.
For additional information or to speak to a
• $50 if filed more than 6 months after the due
Schedule of Payees Instructions
representative regarding this form, call the
date.
Withholding Services and Compliance telephone
Enter all the applicable information for each payee
Specific Instructions
service at: 888.792.4900 or 916.845.4900.
you report as having nonresident or backup
OR write to:
withholding to ensure each payee’s withholding
If completing Form 592-F by hand, enter all
WITHHOLDING SERVICES AND
payment is applied timely and properly.
information requested using black or blue ink.
COMPLIANCE
Do not include payees who have zero withholding
Taxable Year
FRANCHISE TAX BOARD
unless you are amending Form 592-F to exclude a
PO BOX 942867
• Enter the beginning and ending dates for the
payee originally reported in error.
SACRAMENTO CA 94267-0651
partnership’s or LLC’s taxable year.
Do not leave a blank payee box unless you are at
• Make sure the year in the upper left corner
You can download, view, and print California tax
the end of the Schedule of Payees.
of the form matches the ending date of the
forms and publications at ftb.ca.gov.
You must use the Schedule of Payees on Side 2
taxable year.
OR to get forms by mail write to:
of Form 592-F to report all payees.
Private Mail Box (PMB) – Include the PMB in
TAX FORMS REQUEST UNIT
the address field. Write “PMB” first, then the box
If you withheld tax on multiple payees for the
FRANCHISE TAX BOARD
taxable year, complete and include additional
number. Example: 111 Main Street PMB 123.
PO BOX 307
copies of the Schedule of Payees from Side 2 of
Foreign Address – Enter the information in the
RANCHO CORDOVA CA 95741-0307
Form 592-F, as necessary. Include the withholding
following order: City, Province/Region, Postal
For all other questions unrelated to withholding
agent’s name and ID number at the top of each
Code, and Country. Follow the country’s practice
or to access the TTY/TDD number, see the
additional page.
for entering the postal code. Do not abbreviate the
information below.
country’s name.
Do not attach your own schedules to this form.
We only accept and process additional payees
Internet and Telephone Assistance
Part I Withholding Agent
reported on the Schedule of Payees from Side 2
Website:
ftb.ca.gov
of Form 592-F.
Telephone:
800.852.5711 from within the
Enter only business or individual information,
United States
Business or Individual Name, Tax ID Number,
not both, check the appropriate TIN box and
916.845.6500 from outside the
and Address – Enter only business or individual
enter the ID number. If your entity was withheld
United States
information for each payee, not both, check the
upon by another entity because you are a foreign
TTY/TDD:
800.822.6268 for persons with
appropriate TIN box and enter the ID number. Do
(non-U.S.) partner or member of that entity and
hearing or speech impairments
not enter the business name of your entity as a
you are passing through the withholding credit
payee.
to your foreign (non U.S.) partners, members or
Asistencia Por Internet y Teléfono
beneficiaries, enter your entity’s name, ID number,
If the payee is a grantor trust, enter the grantor’s
Sitio web:
ftb.ca.gov
and address in the business name area.
individual name and TIN. Do not enter the name
Teléfono:
800.852.5711 dentro de los Estados
of the trust or trustee information. (For tax
Do not enter the name or ID number of the entity
Unidos
purposes, grantor trusts are transparent. The
which originally withheld payments from you.
916.845.6500 fuera de los Estados
individual grantor must report the income and
Unidos
Enter the total number of foreign partners or
claim the withholding on the individual’s California
TTY/TDD:
800.822.6268 para personas con
members included on the Schedule of Payees.
tax returns.)
discapacidades auditivas o del habla
Part II Tax Withheld
If the payee is a non-grantor trust, enter the name
of the trust and the trust’s FEIN. Do not enter
Line 1 – Enter the total withholding, excluding
trustee information. If the non-grantor trust
backup withholding, from the Schedule of Payees
has applied for a FEIN and it has not yet been
on Side 2 and from any additional pages of the
received, enter “applied for” in the space for
Schedule of Payees.
the trust’s FEIN and attach a copy of the federal
Line 2 – Enter the total backup withholding
application. After the FEIN is received, call us
from the Schedule of Payees on Side 2 and any
at the number given on this page to submit the
additional pages of the Schedule of Payees.
newly assigned FEIN.
Line 3 – Add line 1 and line 2. This is the total
Backup Withholding – If the payee is subject
amount of tax withheld.
to backup withholding, check this box. Attach
the withholding statement that enables you to
Line 4 – Enter the amount withheld by another
determine the specific payment to each recipient
entity and being allocated to your foreign partners
as required by the IRS.
or members. If any of the amount withheld by the
other entity is to be used against the tax owed by
Total Income – Enter the total income subject to
your entity, do not include that amount in line 4.
withholding.
Attach a note to Form 592-F explaining how much
of the credit will be used to offset your tax due.
All additional amounts withheld by another entity
must be allocated to your partners or members
and may not be refunded on Form 592-F.
Page 2 Form 592-F Instructions 2014
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