Ason Codes A Payee has California state tax returns on file for the two most current taxable years in which the payee has a filing requirement. Payee is considered current on any tax obligations with the Franchise Tax Board (FTB). B Payee is making timely estimated tax payments for the current taxable year. Payee is considered current on any tax obligations with the FTB. C Payee is a corporation that is not qualified to do business and does not have a permanent place of business in Calif.
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How to fill out the CA FTB 588 online
The California Form 588 is used to request a waiver for nonresident withholding tax. This guide will provide you with clear, step-by-step instructions on filling out the form online, ensuring that you complete each section accurately and efficiently.
Follow the steps to fill out the CA FTB 588 online
- Press the ‘Get Form’ button to access the form and open it in the editor.
- In Part I, fill in the withholding agent information. You will need to provide the business name, your name, and your Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), along with the FEIN if applicable. Include your contact telephone number and address, ensuring all information is accurate.
- Proceed to Part II to complete the requester information. Here, check the box that accurately represents your role — either as a withholding agent, payee, or authorized representative. Complete the required fields including name, SSN or ITIN, FEIN, CA Corporation number, and contact information.
- In Part III, identify the type of income subject to withholding by checking only one box that best describes your situation. Options include payments to independent contractors, rents, royalties, estate distributions, etc.
- Complete Part IV, the schedule of payees. You may list multiple payees as necessary, filling in each section with their information, including SSN or ITIN, business name, and corresponding reason for waiver request, selecting from the provided codes.
- Review your completed form carefully to ensure all information is accurate and complete. You'll need to sign the form under the declaration section, including your printed name, title, and date.
- Finally, save your changes, and you will have options to download, print, or share your completed form as needed.
Take action today and complete your CA FTB 588 form online for a seamless filing experience.
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