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

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Nonresident Withholding Exemption Certificate
YEAR
CALIFORNIA FORM
590-P
for Previously Reported Income
Keep this form with your S corporation, partnership, or limited liability company (LLC) for their records.
Name of S corporation shareholder, partner, or member
Address (number and street, PO Box, or PMB no.)
Apt. no./Ste. no.
City
State
ZIP Code
-
m
m
m
Entity type: Individual, Corporation, Estate or Trust, LLC, or Partnership
SSN or ITIN
CA corp. no.
FEIN
m
SOS file no.
To ______________________________________________________
This exemption form is for current or prior year’s income that has been
(Withholding agent, S corporation, partnership, or LLC)
reported on the pass-through entity’s California income tax return.
Certificate of previously reported income
Under penalties of perjury, I hereby certify that the California source income from the above-named S corporation, partnership, or LLC, (as shown on
Schedules K-1 (100S, 565, or 568), or other documents provided by the S corporation, partnership, or LLC) for the year(s) ___________________ has already
been reported as California source income on the above-named S corporation shareholder’s, partner’s, or member’s California income tax return for taxable
year(s) ____________________ and that no withholding is required. (The S corporation shareholder, partner, or member must have filed a California income tax
return prior to signing this certificate.)
Name and title (type or print) _____________________________________________________________ Daytime telephone no. (____) __________________
Signature __________________________________________________________________________________________
Date ______________________
For Privacy Notice, get form FTB 1131.
What’s New
B Requirement
R&TC Section 18662 and related regulations require withholding of income or
Backup Withholding – Beginning on or after January 1, 2010, with certain limited
franchise tax by S corporations, partnerships, or LLCs when distributions of money
exceptions, payers that are required to withhold and remit backup withholding
or property that represent California source income are made to S corporation
to the Internal Revenue Service (IRS) are also required to withhold and remit
shareholders, partners, or members that are nonresidents of California.
to the Franchise Tax Board (FTB). The California backup withholding rate is 7%
of the payment. For California purposes, dividends, interests, and any financial
Distributions subject to withholding include, but are not limited to, distributions
institutions release of loan funds made in the normal course of business are
that represent current year’s income or prior year’s income that should have
exempt from backup withholding. For additional information on California backup
been, but was not previously reported as income from California sources on the
withholding, go to ftb.ca.gov and search for backup withholding.
S corporation’s, partner’s, or member’s California income tax return. However,
no withholding is required if the total distributions of California source income
General Information
to the S corporation shareholder, partner, or member are $1,500 or less during
the calendar year. For more information on S corporation, partnership, or
References in these instructions are to the California Revenue and Taxation
LLC withholding, get FTB Pub. 1017, Resident and Nonresident Withholding
Code (R&TC).
Guidelines.
Private Mail Box (PMB) – Include the PMB in the address field. Write “PMB” first,
Specific Instructions
then the box number. Example: 111 Main Street PMB 123.
S Corporations, Partnerships, or LLCs. Do not send this form to the FTB. The
Foreign Address – Enter the information in the following order: City, Country,
withholding agent retains this form for a minimum of four years and must provide
Province/Region, and Postal Code. Follow the country’s practice for entering the
it to the FTB upon request. This form may be completed for each distribution of
postal code. Do not abbreviate the country’s name.
prior year’s income or it may be completed by the S corporation shareholders,
A Purpose
partners, or members annually. For more information, contact:
Use Form 590-P, Nonresident Withholding Exemption Certificate for Previously
WITHHOLDING SERVICES AND COMPLIANCE MS F182
Reported Income, to certify an exemption from withholding on current year
FRANCHISE TAX BOARD
distributions of an S corporation’s, partnership’s, or LLC’s prior year income if
PO BOX 942867
you are a domestic (nonforeign) nonresident S corporation shareholder, partner,
SACRAMENTO CA 94267-0651
or member. Foreign (non-U.S.) partners or members cannot use this form. If
Telephone:
888.792.4900
you have already reported the income represented by this distribution on your
916.845.4900
California tax return as income from California sources, file Form 590-P with the
Fax:
916.845.9512
S corporation, partnership, or LLC.
You can download, view, and print California tax forms and publications at ftb.ca.gov.
The S corporation, partnership, or LLC will be relieved of the withholding
requirements for your share of this distribution when relying in good faith on a
For all other questions unrelated to withholding or to access the TTY/TDD
completed and signed Form 590-P.
numbers, see the information below.
Do not use Form 590-P if you are one of the following:
Internet and Telephone Assistance
• A foreign (non-U.S.) partner or member. There is no provision under R&TC
Website:
ftb.ca.gov
Section 18666 to allow an exemption from withholding for a foreign partner or
Telephone:
800.852.5711 from within the United States
member.
916.845.6500 from outside the United States
• An S corporation shareholder, partner, or member who is a resident of
TTY/TDD:
800.822.6268 for persons with hearing or speech impairments
California or an S corporation shareholder, partner, or member who has a
permanent place of business in California. Instead use Form 590, Withholding
Asistencia Por Internet y Teléfono
Exemption Certificate.
Sitio web:
ftb.ca.gov
• Your income is not yet reported on your California tax return.
Teléfono:
800.852.5711 dentro de los Estados Unidos
Get Form 588, Nonresident Withholding Waiver Request, to request a waiver of
916.845.6500 fuera de los Estados Unidos
withholding on payments of current year California source income.
TTY/TDD:
800.822.6268 personas con discapacidades auditivas y del habla
7071103
Form 590-P
2010
C2

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