California Real Estate Withholding Installment Sale Acknowledgement
Form 593-I is obsolete, and is no longer supported by the California Department of Revenue.
Extracted from PDF file 2019-california-form-593-i.pdf, last modified October 2018
Real Estate Withholding Installment Sale AcknowledgementTAXABLE YEAR 2019 Real Estate Withholding Installment Sale Acknowledgement CALIFORNIA FORM 593-I This form should only be completed by the buyer/transferee. Part I – Buyer/Transferee Information First name Initial Last name SSN or ITIN Spouse’s/RDP’s first name (if jointly purchased) 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 Part II – Seller/Transferor Information Daytime telephone number - ( ) - First name Initial Last name SSN or ITIN Spouse’s/RDP’s first name (if jointly sold) 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) Installment Withholding Percent Apply this percent - to all installment payments. ____ ____ . ____ ____% Part III – Installment Agreement Terms (See instructions.) Principal Amount of Promissory Note , , Installment Amount . , Interest Rate , . . Repayment Period % Number of months Part IV – Buyer’s/Transferee’s Acknowledgement to Withhold (Read the “Buyer/Transferee” information below before you sign.) 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/forms and search for 1131. To request this notice by mail, call 800.852.5711. I acknowledge that I am required to withhold on the principal portion of each installment payment to the seller/transferor for the above shown California real property either at the rate of 31/3% (.0333) of the total sales price or the Optional Gain on Sale withholding percentage, as specified by the seller/transferor on Form 593, Real Estate Withholding Tax Statement, of the principal portion of each installment payment. I will complete Form 593 for the principal portion of each installment payment and send one copy of each to the Franchise Tax Board along with Form 593-V, Payment Voucher for Real Estate Withholding, the withholding payment, and give one copy of Form 593 to the seller/transferor. I will send each withholding payment to the Franchise Tax Board by the 20th day of the month following the month of the installment payment. If the terms of the installment sale, promissory note, or payment schedule change, I will promptly inform the Franchise Tax Board. I understand that the Franchise Tax Board may review relevant escrow documents to ensure withholding compliance. I also understand that I am subject to withholding penalties if I do not withhold on the principal portion of each installment payment and do not send the withholding along with Form 593 to the Franchise Tax Board by the due date, or if I do not send one copy of Form 593 to the seller/transferor by the due date. Print name and title______________________________________________________________________________________________________________ Buyer’s/Transferee’s signature__________________________________________________________________________ Date ________________________ It is unlawful to forge a spouse’s/RDP’s signature. Buyer’s/Transferee’s spouse’s/RDP’s name (if on title) ____________________________________________________________________ Buyer’s/Transferee’s spouse’s/RDP’s signature (if applicable) __________________________________ Date __________________________ Buyer/ Transferee: Make sure you copy all pages so you will have the instructions for withholding on subsequent payments. Provide the original Form 593-I, along with copies of the promissory note and seller’s/transferor’s Form 593, to your real estate escrow person (REEP), who will mail the forms and remit the payment to the Franchise Tax Board. Your REEP will withhold on the down payment. You must withhold on the principal portion of all subsequent installment payments (including payoff or balloon payments). Complete Form 593 and Form 593-V, and mail the documents and payment to the Franchise Tax Board for the principal portion of each installment payment. Seller/ Transferor: Make a copy of this form for your records. REEP: Make a copy of this form for your records. Mail Form 593-V, the original Form 593-I, a copy of the promissory note, and seller’s/transferor’s Form 593 to the Franchise Tax Board with the required amount of the down payment. 7141193 Form 593-I 2018
2019 Form 593-I Real Estate Withholding Installment Sale Acknowledgement
More about the California Form 593-I Other
This form must only be filled out by the buyer/transferee. It requires information relating to the buyer/transferee, the seller/transferor, installment agreement terms, and acknowledgments by the buyer/transferee to withhold.
We last updated the Real Estate Withholding Installment Sale Acknowledgement in May 2021, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the California Franchise Tax Board. You can print other California tax forms here.
Other California Other Forms:
TaxFormFinder has an additional 174 California income tax forms that you may need, plus all federal income tax forms.
|Form Code||Form Name|
|Form 593-E||Real Estate Withholding - Computation of Estimated Gain or Loss|
|Form 593-C||Real Estate Withholding Certificate|
|593 Booklet||Real Estate Withholding Booklet|
|Form CDTFA-392||Power of Attorney (CA Department of Tax and Fee Administration)|
|Form 593-V||Payment Voucher for Real Estate Withholding|
View all 175 California Income Tax Forms
California usually releases forms for the current tax year between January and April. We last updated California Form 593-I from the Franchise Tax Board in May 2021.
Historical Past-Year Versions of California Form 593-I
We have a total of nine past-year versions of Form 593-I in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2019 Form 593-I Real Estate Withholding Installment Sale Acknowledgement
2018 Form 593-I - Real Estate Withholding Installment Sale Acknowledgement
2017 Form 593-I -- Real Estate Withholding Installment Sale Acknowledement
2016 Form 593-I -- Real Estate Withholding Installment Sale Acknowledement
2015 Form 593-I -- Real Estate Withholding Installment Sale Acknowledement
2014 Form 593-I -- Real Estate Withholding Installment Sale Acknowledement
2013 Form 593-I -- Real Estate Withholding Installment Sale Acknowledement
2012 Form 593-I -- Real Estate Withholding Installment Sale Acknowledement
2011 Form 593-I -- Real Estate Withholding Installment Sale Acknowledement
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