CA FTB 592 2018 free printable template

January 15, 2019, United States Holidays & Popular Observances. There are no major holidays or observances in the United States for this date.

How to fill out CA FTB 592

How to fill out CA FTB 592

1. Obtain the CA FTB 592 form from the California Franchise Tax Board website.
2. Fill in the payer's information, including name, address, and identification number.
3. Enter the payee's information as required, including their name and identification number.
4. Complete the section for the amount of payment made to the payee.
5. Indicate the type of income being reported in the appropriate section.
6. Calculate the total withholding amount based on the payment made.
7. Sign and date the form to certify the information is accurate.
8. Submit the completed form to the California Franchise Tax Board by the due date.

Who needs CA FTB 592?

1. Individuals or entities making payments to California residents that are subject to California withholding tax.
2. Businesses that made certain types of payments, such as rents, royalties, or other forms of income.

Instructions and Help about CA FTB 592

People Also Ask about

What is Form 592 used for?

File Form 592 to report withholding on domestic nonresident individuals. Items of income that are subject to withholding are payments to independent contractors, recipients of rents, endorsement income, royalties, etc.

What is the penalty for not paying California estimated taxes?

Penalty. 5% of the amount due: From the original due date of your tax return. After applying any payments and credits made, on or before the original due date of your tax return, for each month or part of a month unpaid.

What is the penalty for filing Form 592?

A penalty will be assessed for failure to file complete, correct, and timely information returns (Form 592 Schedule of Payees) with the FTB. The penalty is calculated per payee: $50 if filed 1 to 30 days after the due date. $110 if filed 31 days to 6 months after the due date.

Who must file 592?

Form 592-B must be completed by the withholding agent, including any person or entity who: Has withheld on payments to residents or nonresidents. Has withheld backup withholding on payments to residents or nonresidents. Was withheld upon and must pass through the withholding credit to their pass-through entity owners.

Do I need to file Form 592?

Form 592 must be filed for each payment period for which withholding was required to be remitted to FTB. Payment Voucher for Resident and Nonresident Withholding (Form 592-V) must be submitted with Form 592 and the nonwage withholding payment.

What is Form 592-B 2018?

Form 592‑B, Resident and Nonresident Withholding Tax Statement – The withholding agent must provide Form 592-B to each payee which shows the total amount withheld and reported for the tax year. The withholding agent does not submit Form 592-B to the FTB. For more information, get Form 592-B.

For pdfFiller’s FAQs

How can I modify CA FTB 592 without leaving Google Drive?

pdfFiller and Google Docs can be used together to make your documents easier to work with and to make fillable forms right in your Google Drive. The integration will let you make, change, and sign documents, like CA FTB 592, without leaving Google Drive. Add pdfFiller's features to Google Drive, and you'll be able to do more with your paperwork on any internet-connected device.

How do I execute CA FTB 592 online?

Completing and signing CA FTB 592 online is easy with pdfFiller. It enables you to edit original PDF content, highlight, blackout, erase and type text anywhere on a page, legally eSign your form, and much more. Create your free account and manage professional documents on the web.

How can I edit CA FTB 592 on a smartphone?

You can easily do so with pdfFiller's apps for iOS and Android devices, which can be found at the Apple Store and the Google Play Store, respectively. You can use them to fill out PDFs. We have a website where you can get the app, but you can also get it there. When you install the app, log in, and start editing CA FTB 592, you can start right away.

What is CA FTB 592?

CA FTB 592 is a form used by the California Franchise Tax Board to report income payments made to non-resident individuals or entities, which are subject to California withholding.

Who is required to file CA FTB 592?

Individuals or entities that make payments to non-residents that are subject to California withholding are required to file CA FTB 592.

How to fill out CA FTB 592?

To fill out CA FTB 592, taxpayers need to provide information such as the payer's information, payee's information, the amount paid, the withholding amount, and any applicable exemptions.

What is the purpose of CA FTB 592?

The purpose of CA FTB 592 is to ensure that taxes are withheld on payments to non-residents and to report the withheld amounts to the California Franchise Tax Board.

What information must be reported on CA FTB 592?

The information that must be reported on CA FTB 592 includes the payer's name, address, taxpayer identification number; payee's name, address, identification number; total payment amounts; withholding amounts; and any related exemptions.