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FTB 1017 — Nonresident Withholding S …

State of california Franchise Tax Board Nonresident Withholding S corporation and Partnership Guidelines For additional information, contact the Withholding Services and Compliance Section Telephone: (888) 792-4900 (toll-free call). (916) 845-4900. If you need additional information, please call us. Our automated telephone system allows you to access important information seven days a week, 24 hours a day. If the system does not completely answer your questions, you may speak with a representative Monday through Friday between the hours of 8 and 5 , except state holidays.

Page FTB Pub. 1017 (REV 11-2006) State of California – Franchise Tax Board FTB Pub. 1017 Nonresident Withholding S Corporation and Partnership Guidelines Purpose This publication provides guidance on domestic

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Transcription of FTB 1017 — Nonresident Withholding S …

1 State of california Franchise Tax Board Nonresident Withholding S corporation and Partnership Guidelines For additional information, contact the Withholding Services and Compliance Section Telephone: (888) 792-4900 (toll-free call). (916) 845-4900. If you need additional information, please call us. Our automated telephone system allows you to access important information seven days a week, 24 hours a day. If the system does not completely answer your questions, you may speak with a representative Monday through Friday between the hours of 8 and 5 , except state holidays.

2 Assistance for persons with disabilities: We comply with the Americans with Disabilities Act. Persons with hearing or speech impairments please call TTY/TDD (800) 822-6268. Asistencia Telefonica y en el Internet Dentro de los Estados Unidos, llame al .. (800) 852-5711. Fuera de los Estados Unidos, llame al (cargos aplican) .. (916) 845-6500. Sitio en el Internet: Asistencia para personas discapacitadas: Nosotros estamos en conformidad con el Acta de Americanos Discapacitados. Personas con problemas auditivos pueden llamar al TTY/TDD (800) 822-6268.

3 To get forms, publications, and other Withholding information, you can visit our Website: Internet Address: Email Address: (for non-confidential email). FAX: (916) 845-9512. Mailing Address: FRANCHISE TAX BOARD. (for remitting PO BOX 942867. Withholding ). SACRAMENTO CA 94267-0651. Mailing Address: Withholding SERVICES AND. (correspondence). COMPLIANCE SECTION. FRANCHISE TAX BOARD. PO BOX 942867. SACRAMENTO CA 94267-0651. For FTB Privacy Notice, get form FTB 1131. Table of Contents Page Purpose .. 4. Law .. 4.

4 Limited Liability Companies (LLCs) and Limited Liability Partnerships (LLPs) .. 4. Questions and Answers Part I General Information .. 4. Part II Domestic (non-foreign) Nonresident S corporation Shareholders and Partners .. 6. Withholding Requirements .. 6. Income Subject to Withholding .. 7. Entities Subject to Withholding .. 8. Residency Status .. 9. Waivers and Reduced Rates .. 9. Reporting and Sending Withholding Amounts/Due Dates .. 10. Penalties .. 11. Part III Foreign ( ) Partners .. 12. Withholding Requirements.

5 12. Income Subject to Withholding .. 12. Entities Subject to Withholding .. 12. Foreign Status .. 12. Waivers or Reduced Rates .. 12. Reporting and Sending Withholding Amounts/Due Dates .. 12. Penalties .. 13. Part IV Partnerships and Other Pass-Through Entities That Have Been Withheld Upon .. 13. Part V Where to Get More Information .. 14. Index .. 15. State of california Franchise Tax Board FTB Pub. 1017. Nonresident Withholding S corporation and Partnership Guidelines Purpose partners are included here in General Information and also in Part IV Partnerships and Other Pass-Through This publication provides guidance on domestic Entities That Have Been Withheld Upon, and Part V.

6 S corporation shareholders and partners (Part II) Where to Get More Information. Questions and answers and foreign (Part III) Nonresident partner Withholding that are different or unique for domestic and foreign requirements. This publication does not cover partners are included in Part II Domestic (non-foreign). Withholding on payments made to independent Nonresident S corporation Shareholders and Partners contractors or to Nonresident sellers of california real and Part III Foreign (non ) Partners. estate. For more information on independent contractor or real estate Withholding , refer to FTB Pub.

7 1023, 1. What is Nonresident Withholding ? Nonresident Withholding Independent Contractor Rent Nonresident Withholding is a prepayment of california & Royalty Guidelines, or FTB Pub. 1016, Real Estate state income or franchise tax for Nonresident Withholding Guidelines. S corporation shareholders and partners (similar to wage Withholding ). Law 2. What forms do S corporations and partnerships use for Withholding on Nonresident S corporation Domestic (non-foreign) Nonresident shareholders and partners? S corporation Shareholders and Use Form 592-A, Nonresident Withholding Remittance Statement, to send the payment to the Partners Franchise Tax Board (FTB).

8 california Revenue and Taxation Code (R&TC) Use Form 592, Nonresident Withholding Annual Section 18662 and the related california regulations Return, to report the total S corporation and require S corporations and partnerships to withhold partnership Withholding for the year and to transmit income taxes when distributing current or prior Forms 592-B, Nonresident Withholding Tax Statement. year income to domestic Nonresident S corporation shareholders and partners. Withholding is not required if Use Form 592-B, Nonresident Withholding Tax distributions to a S corporation shareholder or partner are Statement, to show the amount subject to Withholding $1,500 or less during the calendar year.

9 And the amount withheld for the year for each Nonresident S corporation shareholder and partner. Attach Copy A of Forms 592-B to Form 592 and send Foreign ( ) Partners to FTB. Send Copies B and C to the S corporation R&TC Section 18666 requires Withholding on income shareholders or partners. Keep Copy D for the from california sources which is allocated to foreign S corporation 's and partnership's records. partners. R&TC Section 18666 generally conforms to Please refer to the instructions for Forms 592, 592-A, federal Internal Revenue Code (IRC) Section 1446 to the and 592-B for more information.

10 Extent that the income is from california sources. 3. How can S corporations and partnerships get the Limited Liability Companies Withholding forms? We update our forms annually, so it is important (LLCs) and Limited Liability to make sure to use the most current forms. Forms 592 A, 592, 592-B, and other current FTB. Partnerships (LLPs) forms are available on our Website at You can also call us at For Withholding purposes, both LLCs classified as (888) 792 4900 (toll-free) or (916) 845-4900 to get partnerships and LLPs are treated like partnerships.


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