CA FTB 588 2019 free printable template

If payee is a group return participant attach a copy of Schedule 1067A Nonresident Group Return Schedule from the group return. Side 2 Form 588 2018. Type or print requester s name and title Requester s signature Date 7051193 Form 588 2018 Side 1 Requester Name Requester TIN Part IV Schedule of Payees Do not use your own version of the Schedule of Payees to report additional payees. TAXABLE YEAR CALIFORNIA FORM Nonresident Withholding Waiver Request Part I Withholding Agent Information...

How to fill out CA FTB 588

How to fill out CA FTB 588

1. Obtain the CA FTB 588 form from the California Franchise Tax Board website or office.
2. Fill in your name, address, and Social Security number or ITIN at the top of the form.
3. Indicate the type of withholding you are reporting: income from California sources.
4. Complete the section detailing the amount of income and the corresponding withholding amounts.
5. Provide the names and addresses of any agents or payers related to the income.
6. Sign and date the form, ensuring all information is accurate.
7. Submit the completed form to the California Franchise Tax Board either via mail or electronically if applicable.

Who needs CA FTB 588?

1. Individuals or businesses that are required to report California source income that is subject to withholding.
2. Payers who are withholding California income tax from payments made to residents or non-residents.

People Also Ask about

Who is exempt from California tax withholding?

You may not have to withhold if: Total payments or distributions are $1,500 or less. Paying for goods. Paying for services performed outside of California.

How do I fight the California Franchise Tax Board?

Submit your appeal by the appeal date on your notice. Provide a copy of the notice you're appealing. Write a letter, or you may use the Request for Appeal Before the Office of Tax Appeals (FTB 1037) , to explain why you don't agree with our determination.

What is the minimum state tax withholding in California?

Your payer must take 7% from your California income. Backup withholding: Replaces all other types of withholding.

Who is exempt from CA tax withholding?

You may not have to withhold if: Total payments or distributions are $1,500 or less. Paying for goods. Paying for services performed outside of California.

How do I know if I am exempt from California withholding?

In order to claim exemption from state income tax withholding, employees must submit a W-4 (PDF Format, 100KB)*. or DE-4 (PDF Format, 147KB)* certifying that they did not have any federal tax liability for the preceding year and that they do not anticipate any tax liability for the current taxable year.

What is the form 588 in California?

Use Form 588, Nonresident Withholding Waiver Request, to request a waiver from withholding on payments of California source income to nonresident payees. Do not use Form 588 to request a waiver if you are a foreign (non-U.S.) partner or member.

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What is CA FTB 588?

CA FTB 588 is a California tax form used for reporting California source income from partnerships and limited liability companies (LLCs).

Who is required to file CA FTB 588?

Partnerships and LLCs that have California source income and have more than one member are required to file CA FTB 588.

How to fill out CA FTB 588?

To fill out CA FTB 588, you need to provide specific information about the partnering business, its income, member details, and any applicable deductions or credits.

What is the purpose of CA FTB 588?

The purpose of CA FTB 588 is to report the California source income and distribute tax obligations among the partners or members of the partnership or LLC.

What information must be reported on CA FTB 588?

Information that must be reported on CA FTB 588 includes details about the partnership or LLC, the members' share of the income, any deductions, and the total amount of California source income.