California Form 593-I - Real Estate Withholding Installment Sale Acknowledgement - 2014 Page 3
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2
3However, if the sellers or transferors are
• Be subject to penalties if you do not:
spouses/RDPs and both of them will be on the
– Withhold on the principal portion of
promissory note, then include both of their
each installment payment.
names and SSNs or ITINs on one form. If the
– Send the withholding along with
seller or transferor is a business, enter the
Form 593 to the FTB by the due date.
business name in the business name field.
– Send one copy of Form 593 to the seller
or transferor by the due date.
The seller’s or transferor’s identification
number (SSN, ITIN, FEIN, CA Corp no., or
Real Estate Escrow Person
CA SOS file no.) is required on each form to
(REEP) Instructions
be valid.
Make a copy of this form for your records. Mail
If the seller or transferor is electing the
I
the completed original Form 593-
, a copy of
Optional Gain on Sale withholding amount,
the promissory note, the seller’s or transferor’s
ask the seller or transferor to provide you
certified Form 593, and Form 593-V, with
the installment withholding percentage that
the required withholding amount on the first
the seller or transferor calculated in the
installment payment to the FTB at the address
instructions for the Form 593. Include this
shown in Buyer Instructions. Get Form 593
installment withholding percentage in the
instructions for more information.
appropriate box and use this percentage as
part of the calculation for withholding on the
Additional Information
principal portion of each installment payment.
For additional information or to speak to
Enter the address (or parcel number and
a representative regarding this form, call
county) of the California real property sold or
the Withholding Services and Compliance
transferred.
telephone service at:
Part III – Installment
888.792.4900, or
Agreement Terms
916.845.4900
FAX 916.845.9512
Attach Form 593-
I
and a copy of the signed
Or write to:
promissory note to Form 593.
WITHHOLDING SERVICES
Promissory Note – Enter the terms of the
AND COMPLIANCE
promissory note and include the principal
FRANCHISE TAX BOARD
amount, installment amount, interest rate,
PO BOX 942867
and the number of months of the repayment
SACRAMENTO CA 94267-0651
period.
You can download, view, and print California
Part IV – Buyer’s
tax forms and publications at ftb.ca.gov.
Acknowledgement to Withhold
Or to get forms by mail write to:
TAX FORMS REQUEST UNIT
By signing Part IV, you acknowledge that you
FRANCHISE TAX BOARD
will:
PO BOX 307
• Withhold on the principal portion of each
RANCHO CORDOVA CA 95741-0307
installment payment.
Internet and Telephone Assistance
• Authorize the REEP to withhold the required
amount only on the first installment
Website:
ftb.ca.gov
payment.
Telephone: 800.852.5711 from within the
• Withhold 3
/
% (.0333) of the total
1
3
United States
sales price or the Optional Gain on Sale
916.845.6500 from outside the
withholding percentage, as specified by
United States
the seller or transferor on Form 593, on
TTY/TDD:
800.822.6268 for persons with
the principal portion of all subsequent
hearing or speech impairments
installment payments.
Asistencia Por Internet y Teléfono
• Give one copy of Form 593 to the seller or
Sitio web:
ftb.ca.gov
transferor by the 20th day of the month
Teléfono:
800.852.5711 dentro de los
following the month of the installment
Estados Unidos
payments.
916.845.6500 fuera de los
• Send each withholding payment, with
Estados Unidos
Form 593-V, and the completed Form 593
TTY/TDD:
800.822.6268 personas con
to the FTB by the 20th day of the month
discapacidades auditivas y del
following the month of the installment
habla
payment.
• Inform the FTB within 60 days if the terms
of the installment sale, promissory note, or
payment schedule change. See Additional
Information for contact information.
Page 2 Form 593-
I
Instructions 2013
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