2025 Instructions for Form 592-V Payment Voucher for Resident or Nonresident Withholding General Information Use Form 592-V, Payment Voucher for Resident or Nonresident Withholding, to remit withholding.
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How to fill out the CA FTB 592-V online
Completing the CA FTB 592-V form is essential for remitting withholding payments to the Franchise Tax Board. This guide provides step-by-step instructions, making it easier for users to fill out the form accurately online.
Follow the steps to accurately complete the CA FTB 592-V form.
- Click ‘Get Form’ button to access the CA FTB 592-V form. This action will enable you to open the form in an editor.
- Enter the withholding agent's information, including their business or personal name, address, taxpayer identification number, amount of payment, and telephone number. Use capital letters and ensure all details are complete.
- Indicate how Form 592 was submitted by checking the appropriate box for either Electronic or Paper submission. Select only one box.
- Specify the total number of payees reported on Form 592 by filling in the designated box.
- Check the box(es) that apply to the type of income for which withholding was made. Ensure that all relevant categories are selected.
- If applicable, include a Private Mail Box (PMB) in the address field, formatted correctly according to instructions.
- Prepare the payment. Make the check or money order payable to the 'Franchise Tax Board.' Include the withholding agent’s identification number and '2025 Form 592-V' on the check or money order.
- Detach the payment voucher from the bottom of the form once completed. If Form 592 has been submitted by mail, include Form 592 with the payment voucher and mail them together. If submitted electronically, only enclose the payment voucher with the payment.
- Mail the payment to the address provided, ensuring that the form is not stapled together with other documents. Retain a copy of the completed form for your records for at least five years.
Complete your CA FTB 592-V form online today to ensure timely processing of your payments.
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Where to mail CA 592 V?
Send any payment due with Forms 592 and 592-V to: WITHHOLDING SERVICES AND COMPLIANCE FRANCHISE TAX BOARD PO BOX 942867 SACRAMENTO CA 94267-0651 0-Day Notification – Federal law requires that payees be notified within 10 days of the periodic installment payment date regarding any tax withheld.
What is CA 592 withholding rate?
Domestic nonresident partners are calculated a withholding tax of 7.0% of distributions, corporations have a 8.84% withholding rate, and nonresident foreign partners calculate a withholding tax of 12.3% of income.
What is CA form 592 for?
Use Form 592 to report the total withholding under California Revenue and Taxation Code (R&TC) Sections 18662 and 18664.
Who must file CA form 592?
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.
Who is required to pay California franchise tax?
Every corporation that is incorporated, registered, or doing business in California must pay the $800 minimum franchise tax.
Who needs to fill out a California Form 590 withholding?
Who Certifies this Form. Form 590 is certified (completed and signed) by the payee. California residents or entities exempt from the withholding requirement should complete Form 590 and submit it to the withholding agent before payment is made.
What makes you exempt from California withholding?
In order to claim exemption from state income tax withholding, employees must submit a W-4 or DE-4 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.
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