Get the free Form 593-C

This document provides instructions on how to complete Form 593-C for determining withholding exemptions for individual sellers of California real property, detailing various circumstances such as

How to fill out form 593-c

How to fill out Form 593-C

1. Obtain Form 593-C from the official website or your local tax office.
2. Enter your personal information at the top of the form, including your name, address, and taxpayer identification number.
3. Fill out the details of the transaction, including the type of property sold and the date of sale.
4. Indicate the selling price and any expenses that were incurred during the sale.
5. Calculate the total amount of gain or loss from the sale according to the instructions provided.
6. Sign and date the form to certify that the information is accurate.
7. Submit the completed form to the appropriate tax authority by the required deadline.

Who needs Form 593-C?

1. Individuals or businesses who sell California real estate and need to report the transaction for tax purposes.
2. Real estate brokers or agents who assist in the sale of properties subject to withholding requirements.
3. Buyers and sellers involved in real estate transactions that are subject to withholding.

People Also Ask about

What is California form 593 C?

The purpose of Form 593 is to report the real estate withholding tax to the Franchise Tax Board (FTB) in California.

How to make a payment to California franchise tax board?

FTB offers a variety of payment options including direct pay from your bank account via our Web Pay service (free), online credit card payments (subject to fees), and payment plans for eligible taxpayers (subject to fees).

Who is exempt from CA real estate withholding?

Exemptions: If the sales price is $100,000.00 or less, the exemption is automatic, no form needs to be completed. The Seller has owned and used the property as his principal residence at least 2 out of the 5 year period right before the sale.

Who fills out California form 593?

Any remitter (individual, business entity, trust, estate, or REEP) who withheld on the sale/transfer of California real property must file Form 593 to report the amount withheld. If this is an installment sale payment after escrow closed, the buyer/transferee is the responsible person.

Who do I write my California state tax check to?

How to pay Use Estimated Tax for Individuals (Form 540-ES) vouchers to pay your estimated tax by mail. Make your check or money order payable to the “Franchise Tax Board” Write your SSN or ITIN and “2024 Form 540-ES” on it.

How do I write a check for Franchise Tax Board?

Using black or blue ink, make your check or money order payable to “Franchise Tax Board.” Do not send cash. Write your SSN or ITIN and “2024 FTB 3582” on the check or money order. Make all checks or money orders payable in U.S. dollars and drawn against a U.S. financial institution.

For pdfFiller’s FAQs

What is Form 593-C?

Form 593-C is a tax form used in California to report the sale of real estate when the seller is a foreign person or entity, helping to ensure the proper withholding of California state income tax.

Who is required to file Form 593-C?

Form 593-C must be filed by buyers of real property when the seller is a foreign person or entity that does not provide valid California withholding exemption certification.

How to fill out Form 593-C?

To fill out Form 593-C, complete the buyer and seller information sections, report the sale details, including the sale price and date, and provide the necessary signatures.

What is the purpose of Form 593-C?

The purpose of Form 593-C is to document the withholding obligations of buyers when dealing with foreign sellers and to report the amount withheld to the state of California for tax purposes.

What information must be reported on Form 593-C?

Form 593-C must report information such as the buyer's and seller's names and addresses, the sale price, the date of sale, and the amount of tax withholding, if applicable.