California Resident and Nonresident Withholding Tax Statement
Extracted from PDF file 2020-california-form-592-b.pdf, last modified October 2019
Resident and Nonresident Withholding Tax StatementTAXABLE YEAR 2020 Resident and Nonresident Withholding Tax Statement CALIFORNIA FORM 592-B m Amended Part I Withholding Agent Information Name of withholding agent (from Form 592, 592-PTE, or 592-F) SSN or ITIN FEIN CA Corp no. CA SOS file no. Address (apt./ste., room, PO box, or PMB no.) City (If you have a foreign address, see instructions.) State ZIP code Daytime telephone number Part II Payee Information Name of payee SSN or ITIN FEIN CA Corp no. CA SOS file no. Address (apt./ste., room, PO box, or PMB no.) City (If you have a foreign address, see instructions.) State ZIP code Part III Type of Income Subject to Withholding. Check the applicable box(es) A m Payments to Independent Contractors B m Trust Distributions C m Rents or Royalties D m Distributions to Domestic (U.S.) Nonresident Partners/Members/ Beneficiaries/S Corporation Shareholders E m Estate Distributions F m Elective Withholding G m Elective Withholding/Indian Tribe H m Allocations to Foreign (non-U.S.) Nonresident Partners/Members I m Other ___________________________ Part IV Tax Withheld 1 Total income subject to withholding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Total resident and/or nonresident tax withheld (excluding backup withholding) . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Total backup withholding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2020 Instructions for Form 592-B Resident and Nonresident Withholding Tax Statement References in these instructions are to the Internal Revenue Code (IRC) as of January 1, 2015, and to the California Revenue and Taxation Code (R&TC). What's New Pass-Through Entity Annual Withholding Return - For taxable years beginning on or after January 1, 2020, a pass-through entity that has paid withholding on behalf of a nonresident owner or has been withheld upon must use Form 592-PTE, Pass-Through Entity Annual Withholding Return, to report the total withholding. For more information, get Form 592-PTE. General Information California Revenue and Taxation Code (R&TC) Sections 18662 and 18664 require the withholding agent to provide a completed Form 592-B, Resident and Nonresident Withholding Tax Statement, to the payee to report the amount of payment or distribution subject to withholding and tax. The payee files Form 592-B with their California tax return to claim the credit for the withheld amount. See General Information A Purpose, for more information. For Privacy Notice, get FTB 1131 ENG/SP. Backup Withholding – With certain limited exceptions, payers that are required to withhold and remit backup withholding to the Internal Revenue Service (IRS) are also required to withhold and remit to the Franchise Tax Board (FTB) on income sourced to California. The California backup withholding rate is 7% of the payment. For California purposes, dividends, interests, and any financial institutions release of loan funds made in the normal course of business are exempt from backup withholding. For additional information on California backup withholding, go to ftb.ca.gov and search for backup withholding. If a payee has backup withholding, the payee must contact the FTB to provide a valid Taxpayer Identification Number (TIN) before filing a tax return. The following are acceptable TINs: social security number (SSN); individual taxpayer identification number (ITIN); federal employer identification number (FEIN); California corporation number (CA Corp no.); or California Secretary of State (CA SOS) file number. Failure to provide a valid TIN will result in the denial of the backup withholding credit. 7101203 Registered Domestic Partners (RDPs) – For purposes of California income tax, references to a spouse, husband, or wife also refer to a California RDP, unless otherwise specified. When we use the initials RDP they refer to both a California registered domestic “partner” and a California registered domestic “partnership,” as applicable. For more information on RDPs, get FTB Pub. 737, Tax Information for Registered Domestic Partners. A Purpose Use Form 592-B, to report to the payee the amount of payment or distribution subject to withholding and tax withheld as reported on Form 592, Resident and Nonresident Withholding Statement, Form 592-PTE, Pass-Through Entity Annual Withholding Return, or Form 592-F, Foreign Partner or Member Annual Withholding Return. Complete a separate Form 592-B for each payee. Form 592-B is provided to the payee to file with their state tax return. This form can be Form 592-B 2019 provided to the payee electronically. For more information, go to ftb.ca.gov and search for electronic 592-B requirements. A broker can provide Form 592-B as a composite statement. For more information, go to ftb.ca.gov and search for composite 592-B. Do not use Form 592-B to allocate or distribute withholding to each payee, use Form 592, Form 592-PTE, or Form 592-F. Pass-through entities withheld upon by another entity use: • Form 592-PTE to pass through the withholding to domestic nonresident partners in a partnership, members of a limited liability company (LLC), estate or trust beneficiaries, and S corporation shareholders. • Form 592-F to pass through the withholding to foreign (non U.S.) partners or members. B Helpful Hints • Get taxpayer identification numbers (TINs) from all payees. • Complete all applicable fields. • Complete all forms timely to avoid penalties. C Who Must Complete 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. Record Keeping The withholding agent retains the proof of withholding for a minimum of five years and must provide it to the FTB upon request. D When To Complete Form 592-B must be completed and provided to each payee by: • January 31st following the close of the calendar year for residents or nonresidents. • February 15th following the close of the calendar year for brokers as stated in Internal Revenue Code (IRC) Section 6045. Form 592-B must be provided to each foreign (non-U.S.) partner or member by: • The 15th day of the 3rd month following the close of the partnership's or LLC's taxable year. • The 15th day of the 6th month following the close of the partnership's or LLC's taxable year, if all the partners in the partnership or members in the LLC are foreign. 10-Day Notification – When making a payment of withholding tax to the IRS under IRC Section 1446, a partnership must notify all foreign partners of their allocable shares Page 2 Form 592-B Instructions 2019 of any IRC Section 1446 tax paid to the IRS by the partnership. The partners use this information to adjust the amount of estimated tax that they must otherwise pay to the IRS. The notification to the foreign partners must be provided within 10 days of the installment due date, or, if paid later, the date the installment payment is made. See Treas. Regs. Section 1.1446-3(d)(1)(i) for information that must be included in the notification and for exceptions to the notification requirement. For California withholding purposes, withholding agents should make a similar notification. No particular form is required for this notification, and it is commonly done on the statement accompanying the distribution or payment. However, the withholding agent may choose to report the tax withheld to the payee on a Form 592-B. E Amending Form 592-B If an error is discovered after the withholding agent provides Form 592-B to the payee, then the withholding agent must follow the amending instructions for Form 592, Form 592-PTE, or Form 592-F and follow the steps below: • Complete a new Form 592-B using the same taxable year form as originally provided to the payee. • Check the Amended box at the top left corner of the form. • Provide the amended copy of Form 592-B to the payee. F Penalties The withholding agent must furnish complete and correct copies of Form(s) 592-B to the payee by the due date. If the withholding agent fails to provide complete, correct, and timely Form(s) 592-B to the payee, the penalty per Form 592-B is: • Up to $270 for each payee statement not provided by the due date. • $550 or 10% of the amount required to be reported (whichever is greater), if the failure is due to intentional disregard of the requirement. Specific Instructions Instructions for Withholding Agent Year – The year in the top left corner of Form 592-B represents the calendar year in which the withholding took place. For foreign partners or foreign members, match the year in the top left corner of Form 592-B to the year that the partnership’s or LLC’s taxable year ended. For example, if the partnership’s or LLC’s taxable year ended December 31, 2019, use the 2019 Form 592-B. Private Mail Box (PMB) – Include the PMB in the address field. Write “PMB” first, then the box number. Example: 111 Main Street PMB 123. Foreign Address – Follow the country's practice for entering the city, county, province, state, country, and postal code, as applicable, in the appropriate boxes. Do not abbreviate the country name. Part I – Withholding Agent Information Enter the withholding agent’s name, TIN, address, and telephone number. Part II – Payee Information Enter the payee's name, TIN, and address. If the payee is a grantor trust, enter the individual name and SSN or ITIN of the grantor that is required to file a tax return and report the income. Do not enter the name of the trust or trustee information. (For tax purposes, grantor trusts are transparent. The individual grantor must report the income and claim the withholding on the individual’s California tax return.) If the payee is a non-grantor trust, enter the name of the trust and the trust’s FEIN. Do not enter trustee information. If the trust has applied for a FEIN, but it has not been received, enter "applied for" in the space for the trust’s FEIN and attach a copy of the federal application to the back of Form 592-B. After the FEIN is received, amend Form 592-B to submit the assigned FEIN. If the payees are married/RDP, enter only the name and SSN or ITIN of the primary spouse/RDP. However, if the payees intend to file separate California tax returns, the withholding agent should split the withholding and complete a separate Form 592-B for each spouse/RDP. Part III – Type of Income Subject to Withholding Check the box(es) for the type of income subject to withholding. Part IV – Tax Withheld Line 1 Enter the total income subject to withholding. Line 2 Enter the total resident and/or nonresident tax withheld (excluding backup withholding). The amount of tax to be withheld is computed by applying a rate of 7% on items of income subject to withholding. For foreign partners, the rate is 8.84% for corporations, 10.84% for banks and financial institutions, and 12.3% for all others. For pass-through entities, the amount withheld is allocated to partners, members, S corporation shareholders, or beneficiaries, whether they are residents or nonresidents of California, in proportion to their ownership or beneficial interest. Line 3 Enter the total backup withholding, if applicable. Instructions for Payee This withholding of tax does not relieve you of the requirement to file a California tax return. You may be assessed a penalty if: • You do not file a California tax return. • You file your tax return late. • The amount of withholding does not satisfy your tax liability. How To Correct An Error If a payee notices an error, the payee should contact the withholding agent. Only withholding agents can complete an amended Form 592-B. Upon completion, the withholding agent should provide a copy of the amended Form 592-B to the payee. How to Claim the Withholding Claim your withholding credit on one of the following: • Form 540, California Resident Income Tax Return • Form 540NR, California Nonresident or Part-Year Resident Income Tax Return • Form 541, California Fiduciary Income Tax Return • Form 100, California Corporation Franchise or Income Tax Return • Form 100S, California S Corporation Franchise or Income Tax Return • Form 100W, California Corporation Franchise or Income Tax Return – Water’sEdge Filers • Form 109, California Exempt Organization Business Income Tax Return • Form 565, Partnership Return of Income • Form 568, Limited Liability Company Return of Income If you have backup withholding, you must contact the FTB to provide a valid TIN before filing a tax return. The following are acceptable TINs: SSN, ITIN, FEIN, CA Corp no., or CA SOS file number. Failure to provide a valid TIN will result in the denial of the backup withholding credit. Using the information provided on this page, contact the FTB as soon as you receive this form. Report the income as required and enter the amount from Form 592-B, Part IV, line 2 on your California tax return as withholding from Form(s) 592-B or 593. Attach a copy of Form 592-B to your California tax return. If you received a composite statement from a broker, attach only the Form 592-B information. Keep a copy for a minimum of five years and provide it to the FTB upon request. If you are an S corporation, partnership, or LLC, you may either pass through the entire amount to your shareholders, partners, or members or claim the withholding, to the extent of your outstanding tax liability, on your tax return. If the withholding exceeds the amount of tax you owe on your tax return, you must pass through the excess to your shareholders, partners, or members. If you do not have an outstanding balance on your tax return, you must pass through the entire amount to your shareholders, partners, or members. Use Form 592-PTE to pass the withholding to your domestic shareholders, partners, or members. Use Form 592-F to pass the withholding to your foreign (non U.S.) partners or members. If you are an estate or trust, you must pass through the withholding to your beneficiaries if the related income was distributed. Use Form 592-PTE to pass through the withholding to your beneficiaries. If you did not distribute the income, you must claim the withholding on the fiduciary return, Form 541. The amount shown as “Total income subject to withholding” may be an estimate or may only reflect how withholding was calculated. Be sure to report your actual taxable California source income. If you are an independent contractor or receive rent, endorsement income, royalties, see your contract and/or federal Form 1099 to determine your California source income. If you are a shareholder of an S-corporation, partner in a partnership, or a member in an LLC, see your California Schedule K-1, Share of Income, Deductions, Credits, etc., issued by that entity to determine your California source income. Internet and Telephone Assistance Website: ftb.ca.gov Telephone: 800.852.5711 from within the United States 916.845.6500 from outside the United States TTY/TDD: 800.822.6268 for persons with hearing or speech disability 711 or 800.735.2929 California relay service Asistencia Por Internet y Teléfono Sitio web: ftb.ca.gov Teléfono: 800.852.5711 dentro de los Estados Unidos 916.845.6500 fuera de los Estados Unidos TTY/TDD: 800.822.6268 para personas con discapacidades auditivas o de habla 711 ó 800.735.2929 servicio de relevo de California Additional Information Website: For more information go to ftb.ca.gov and search for nonwage. MyFTB offers secure online tax account information and services. For more information, go to ftb.ca.gov and login or register for MyFTB. Telephone: 888.792.4900 or 916.845.4900, Withholding Services and Compliance phone service Fax: 916.845.9512 Mail: WITHHOLDING SERVICES AND COMPLIANCE MS F182 FRANCHISE TAX BOARD PO BOX 942867 SACRAMENTO CA 94267-0651 For questions unrelated to withholding, or to download, view, and print California tax forms and publications, or to access the TTY/TDD numbers, see the information below. Form 592-B Instructions 2019 Page 3
2020 form 592-B Resident and Nonresident Withholding
More about the California Form 592-B Individual Income Tax Nonresident TY 2020
592-B Tax Statement form for both residents and non-residents of California.
We last updated the Resident and Nonresident Withholding Tax Statement in February 2021, so this is the latest version of Form 592-B, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form 592-B directly from TaxFormFinder. You can print other California tax forms here.
Other California Individual Income Tax Forms:
|Form Code||Form Name|
|Form 540||California Resident Income Tax Return|
|Form 540 Schedule CA INS||Instructions for Schedule CA (540)|
|Form 540 Schedule CA||California Adjustments - Residents|
|Form 540-NR Schedule CA INS||Instructions for Schedule CA (540NR)|
|Form 540-ES||Estimated Tax for Individuals|
California usually releases forms for the current tax year between January and April. We last updated California Form 592-B from the Franchise Tax Board in February 2021.
Form 592-B is a California Individual Income Tax form. Many states have separate versions of their tax returns for nonresidents or part-year residents - that is, people who earn taxable income in that state live in a different state, or who live in the state for only a portion of the year. These nonresident returns allow taxpayers to specify which which income is subject to the state's taxes, and which is not.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of California Form 592-B
We have a total of ten past-year versions of Form 592-B in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2020 form 592-B Resident and Nonresident Withholding
2019 form 592-B Resident and Nonresident Withholding
2018 form 592-B Resident and Nonresident Withholding
2017 Resident and Nonresident Withholding form 592-B
2016 Form 592-B -- Resident and Nonresident Withholding Tax Statement
2015 Form 592-B -- Resident and Nonresident Withholding Tax Statement
2014 Form 592-B -- Resident and Nonresident Withholding Tax Statement
2013 Form 592-B -- Resident and Nonresident Withholding Tax Statement
2012 Form 592-B
2011 Form 592-B -- Resident and Nonresident Withholding Tax Statement
While we do our best to keep our list of California Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.