Tax Withholding Election Form (Page 3 of 4) in pdf

Tax Withholding Election Form Page 3

P.O. Box 942716 Sacramento, CA 94229-2716

888 CalPERS (or 888-225-7377)

California Public Employees’ Retirement System

Tax Withholding Election—Instructions

IMPORTANT INFORMATION

QUESTIONS

PAYMENTS TO FOREIGN PERSONS AND PAYMENTS

For information about federal tax withholding, contact the IRS

DELIVERED OUTSIDE THE U.S.

at 800-829-1040 or visit irs.gov. For information about state

For U.S. citizens and residents, federal tax withholding is

tax withholding, visit the California Franchise Tax Board

required on monthly or lump-sum payments delivered to you

website at ftb.ca.gov.

outside the U.S. or its possessions. You cannot waive federal

income tax withholding in this situation. See IRS Publication

Also read IRS Publication 575, Pension and Annuity

505 at irs.gov for details.

Income, IRS Publication 919, How Do I Adjust My Tax

Withholding, and FTB Publication 1005, Pension and

For nonresident aliens, nonresident alien beneficiaries, and

Annuity Guidelines, or contact a qualified tax professional.

foreign estates, in the absence of a tax treaty exemption,

monthly or lump-sum payments generally are subject to a 30

Find a tax withholding calculator at irs.gov/individuals to help

percent federal withholding tax on the taxable portion of

determine your withholding allowances. Also see the

payments from U.S. sources. See IRS Publication 515,

allowance worksheets at irs.gov/pub/irs-pdf/fw4p.pdf and

Withholding of Tax on Nonresident Aliens and Foreign Entities,

edd.ca.gov/pdf_pub_ctr/de4p.pdf.

and IRS Publication 519, U.S. Tax Guide for Aliens, at irs.gov.

If you are a foreign person, you should submit Form re,

Certificate of Foreign Status of Beneficial Owner for United

States Tax Withholding, to CalPERS before receiving any

payments.

ANNUAL STATEMENT OF FEDERAL INCOME TAX

WITHHELD

By January 31 of next year (and each following year),

CalPERS will furnish a statement to you on Form

1099-R showing the total amount of benefit payments and the

total federal income tax withheld during the preceding year. If

you are a foreign person who has provided CalPERS with Form

W-8BEN, CalPERS instead will furnish a statement to you on

Form 1042-S, Foreign Person’s U.S. Source Income Subject to

Withholding, by March 15 of the following year.

My|CalPERS 1289 (10/16)

Tax Withholding Election Form Page 3

Related Articles

Related forms

Related Categories