California Form 593 - Real Estate Withholding Tax Statement - 2016

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TAXABLE YEAR
CALIFORNIA FORM
2016
593
Real Estate Withholding Tax Statement
I
AMENDED:
Part I Withholding Agent
 SSN or ITIN  FEIN  CA Corp no .  CA SOS file no .
Business name
First name
Initial Last name
Address (apt ./ste ., room, PO box, or PMB no .)
City (If you have a foreign address, see instructions .)
State
ZIP code
-
Part II Seller/Transferor (If a trust, see instructions for Part II.)
First name
Initial Last name
SSN or ITIN
- -
Spouse’s/RDP’s first name
Initial Last name
Spouse’s/RDP’s SSN or ITIN
- -
 FEIN
 CA Corp no .  CA SOS file no .
Business name (if applicable)
Address (apt ./ste ., room, PO box, or PMB no .)
City (If you have a foreign address, see instructions .)
State
ZIP code
-
Property address (If no street address, provide parcel number and county .)
Part III Escrow or Exchange Information
I
1. Escrow or Exchange Number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
I
2. Date of Transfer, Exchange Completion, Failed Exchange, or Installment Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
I
(mm/dd/yyyy)
3. Type of Transaction (Check One Only):
A
Conventional Sale/Transfer
C
Boot
B
Installment Sale Payment
D
Failed Exchange
I
4. Withholding Calculation (Check One Only):
Total Sales Price Method (Seller/Transferor signature not required below. See instructions.)
A
3
/
% (.0333) x Total Sales Price, Boot, or Installment Sale Payment
1
3
Optional Gain on Sale Election (Seller/Transferor signature required below. See instructions.)
B
Individual 12.3% x Gain on Sale
E
Bank and Financial Corp. 10.84% x Gain on Sale
C
Non-California Partnership 12.3% x Gain on Sale
F
S Corporation 13.8% x Gain on Sale
D
Corporation 8.84% x Gain on Sale
G
Financial S Corporation 15.8% x Gain on Sale
.
,
,
5. Amount Withheld from this Seller/Transferor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
Seller/Transferor Signature – Signature is required only when the Optional Gain on Sale is elected above.
Title and escrow persons, and exchange accommodators are not authorized to provide legal or accounting advice for purposes of determining withholding
amounts. Transferors are strongly encouraged to consult with a competent tax professional for this purpose.
To learn about your privacy rights, how we may use your information, and the consequences for not providing the requested information, go to ftb.ca.gov and search for privacy notice. To request
this notice by mail, call 800.852.5711.
Under penalties of perjury, I hereby certify that the information provided above is, to the best of my knowledge, true and correct. I understand that the Franchise Tax Board may review relevant
escrow documents to ensure withholding compliance. Except as to an installment sale, if the seller/transferor did not check any box in Part II or Part III of Form 593-C, Real Estate Withholding
Certificate, the withholding will be 3
/
% (.0333) of the total sales price or the optional gain on sale withholding amount from line 5 of Form 593. If the seller/transferor does not return the completed
1
3
Form 593 and Form 593-C by the close of escrow, the withholding will be 3
/
% (.0333) of the total sales price, unless the type of transaction is an installment sale. If the transaction is an installment
1
3
sale, the withholding will be 3
/
% (.0333) of the first installment payment.
1
3
Your signature
Spouse’s/RDP’s signature
Sign Here
X
X
Date
It is unlawful to forge
a spouse’s/RDP’s
Preparer’s name and Title/Escrow business name
Telephone Number
signature.
(
)
Form 593
2015
7111163
C2

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