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Blank California 592 F Form

The California Form 592 F is an annual return used by partnerships and limited liability companies (LLCs) to report withholding for foreign partners or members. This form details the total tax withheld for the year and allocates income to those foreign entities. Understanding how to complete and file Form 592 F is essential for compliance with California tax regulations.

Outline

The California Form 592-F is a crucial document for partnerships and limited liability companies (LLCs) that have foreign partners or members. This form is used to report the total withholding tax for the taxable year and to allocate that income and related withholding amounts to those foreign partners or members. It is important to note that, as of 2011, the maximum personal income tax rate has been set at 9.3%. The form is structured into several parts, starting with the identification of the withholding agent, who must provide their business name and tax identification number. The form also requires detailed information about the total tax withheld, including any backup withholding amounts. Additionally, it allows for the reporting of prior payments and credits from previous years. To ensure compliance, the withholding agent must file this form by the 15th day of the 4th month following the close of the taxable year, or by the 15th day of the 6th month if all partners are foreign. The form must be submitted to the Franchise Tax Board along with any necessary payments. Understanding the requirements and deadlines associated with Form 592-F is essential for any entity engaging with foreign partners or members in California.

Sample - California 592 F Form

Form 592-F C3 2010 Side 1

For Privacy Notice, get form FTB 1131.

Foreign Partner or Member Annual Return

CALIFORNIA FORM

592-F

8081113

TAXABLE YEAR

2011

I฀฀ Amended I฀฀ Federal Extension

Taxable year: Beginning month __________________ day ________ year ________, and ending month __________________ day ________ year ________.

Part I Withholding Agent

Business name

฀SSN or ITIN ฀FEIN ฀CA Corp no.  SOS file no.

First name

Initial

Last name

Address (suite, room, PO Box, or PMB no.)

City (if you have a foreign address, see instructions) State ZIP Code

Total Number of Foreign Partners

or Members Included

Part II Tax Withheld

1 Total tax withheld from Schedule of Payees, excluding backup withholding

(Side 2 and any additional pages) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I฀ 1

2 Total backup withholding (Side 2 and any additional pages) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I฀ ฀2

3 Add line 1 and line 2. This is the total amount of tax withheld. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I฀ ฀3

4 Amount withheld by another entity and being allocated to partners or members . . . . . . . . . . . . . . . . . . . . I฀ ฀4

5 Prior payments of foreign partners’ or members’ withholding for taxable year shown above . . . . . . . . . . . I฀ ฀5

6 Amount credited from prior year’s withholding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I฀ ฀6

7 Total payments. Add line 4, line 5, and line 6.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .I฀ ฀7

8 Balance due. If line 3 is more than line 7, subtract line 7 from line 3. Remit the withholding payment

using Electronic Funds Transfer (EFT), or the Supplemental Payment Voucher from Form 592-A, along with

Form 592-F. Make a check or money order for the full amount payable to the “Franchise Tax Board.”

Write the tax ID number and “2011 Form 592-A” on the check or money order and mail to: . . . . . . . . . . . I฀ 8

WITHHOLDING SERVICES AND COMPLIANCE

FRANCHISE TAX BOARD

PO BOX 942867

SACRAMENTO CA 94267-0651

9 Overpayment. If line 7 is greater than line 3, subtract line 3 from line 7 (complete lines 10 and 11). . . . . I฀ 9

10 Credit to next year. Enter the amount from line 9 that you want applied to the 2012 Form 592-F . . . . . . . I฀10

11 Refund. Subtract line 10 from line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I 11

Part III Perjury Statement

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and

belief, it is true, correct, and complete. Declaration of preparer (other than withholding agent) is based on all information of which preparer has any knowledge.

Withholding agent’s name ______________________________________________ Withholding agent’s daytime phone number ______________________

Withholding agent’s signature ______________________________________________________________ Date ____________________________________

Preparer’s name __________________________________________________________________________________________________________________

Preparer’s signature ______________________________________________________________________ Date ____________________________________

Preparer’s address ________________________________________________________________________________________________________________

Preparer’s PTIN/SSN __________________________________________________ Preparer’s daytime phone number _____________________________

For Privacy Notice, get form FTB 1131.

( )

Side 2 Form 592-F C3 2010 8082113

Withholding Agent’s (Payer’s) Name: _______________________ Withholding Agent’s (Payer’s) ID No.: _________________

Schedule of Payees PRINT CLEARLY

Business name  SSN or ITIN  FEIN  CA Corp no.  SOS ﬁle no.

First name Initial Last name

฀

Address (suite, room, PO Box, or PMB no.)

City (if you have a foreign address, see instructions) State ZIP Code

Total Income Amount of Tax Withheld

Business name  SSN or ITIN  FEIN  CA Corp no.  SOS ﬁle no.

First name Initial Last name

฀

Address (suite, room, PO Box, or PMB no.)

City (if you have a foreign address, see instructions) State ZIP Code

Total Income Amount of Tax Withheld

Business name  SSN or ITIN  FEIN  CA Corp no.  SOS ﬁle no.

First name Initial Last name

฀

Address (suite, room, PO Box, or PMB no.)

City (if you have a foreign address, see instructions) State ZIP Code

Total Income Amount of Tax Withheld

Business name  SSN or ITIN  FEIN  CA Corp no.  SOS ﬁle no.

First name Initial Last name

฀

Address (suite, room, PO Box, or PMB no.)

City (if you have a foreign address, see instructions) State ZIP Code

Total Income Amount of Tax Withheld

If backup withholding, check

the box (see instructions)

If backup withholding, check

the box (see instructions)

If backup withholding, check

the box (see instructions)

If backup withholding, check

the box (see instructions)

Total Income and Withholding for This Page Only

Notice to Withholding Agents: We require the total amounts below to be calculated and submitted separately for each page.

Total Income Page Total California Tax Withheld Excluding Total Backup Withholding

Backup Withholding

Form 592-F Instructions 2010 Page 1

Instructions for Form 592-F

Foreign Partner or Member Annual Return

What’s New

For taxable years beginning on or after

January 1, 2011, the maximum personal

income tax rate is 9.3%. In addition,

non-California partnerships are subject

to withholding requirements on a sale of

California real property at a rate of 3 1/3%

(.0333) of sales price or 9.3% of gain. The

alternative withholding rate for the gain on sale

of California real property by S corporations is

10.8% and 12.8% for ﬁnancial S corporations.

General Information

At the end of the taxable year, partnerships and

limited liability companies (LLCs) complete

Form 592-F, Foreign Partner or Member

Annual Return, to report the total withholding

for the year and to allocate the income and

related withholding to the foreign partners or

members. When ﬁling Form 592-F with the

Franchise Tax Board (FTB), the withholding

agent is no longer required to submit to the

FTB Form 592-B, Resident and Nonresident

Withholding Tax Statement, for each partner

or member. However, withholding agents must

continue to provide the partners or members

with copies of Form 592-B.

• For California withholding purposes,

nonresident includes all of the following:

• Individuals who are not residents of

California.

• Corporations not qualiﬁed through

the California Secretary of State to do

business in California or having no

permanent place of business in California.

• Partnerships or LLCs with no permanent

place of business in California.

• Any trust without a resident grantor,

beneﬁciary, or trustee, or estates where

the decedent was not a California resident.

• Foreign refers to non-U.S.

Withholding on foreign partners or members

is remitted to the FTB using Form 592-A,

Payment Voucher for Foreign Partner or

Member Withholding. For more information

on the withholding requirements or to send

withholding payments during the year, get

Form 592-A.

Round Cents To Dollars – Round cents to

the nearest whole dollar. For example, round

$50.50 up to $51 or round $25.49 down to $25

Backup Withholding – Beginning on or

after January 1, 2010, 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 FTB. 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 more information, go to ftb.ca.gov and

search for backup withholding.

Submitting Payments – Use the Supplemental

Payment Voucher from Form 592-A if you

have a ﬁnal withholding payment to remit with

Form 592-F.

A Purpose

Use Form 592-F to report the total withholding

for the year on foreign partners or members

under California Revenue and Taxation Code

(R&TC) Section 18666. Form 592-F is used

by pass-through entities to ﬂow-through

withholding credit to their foreign partners or

members. Caution: Real Estate Withholding

should not be reported on this form.

Do not use Form 592-F if:

• You are reporting withholding on domestic

nonresident partners or members. Use

Form 592, Resident and Nonresident

Withholding Statement.

• You are the buyer or escrow person

withholding on the sale of real estate. Use

Form 593, Real Estate Withholding Tax

Statement, to report real estate withholding.

B When and Where to File

For withholding on foreign partners or

members, ﬁle Form 592-F, on or before the

15th day of the 4th month following the close

of the partnership’s or LLC’s taxable year.

If all the partners or members are foreign,

Form 592-F must be ﬁled on or before the

15th day of the 6th month after the close of

the partnership’s or LLC’s taxable year. The

withholding agent retains this form for a

minimum of four years and must provide it to

the FTB upon request.

Mail Form 592-F, the Supplemental Payment

Voucher from Form 592-A, and payment to:

WITHHOLDING SERVICES AND

COMPLIANCE

FRANCHISE TAX BOARD

PO BOX 942867

SACRAMENTO CA 94267-0651

10-Day Notiﬁcation – California follows

federal law, which requires that withholding

agents notify foreign payees within 10 days

of any tax withheld. For California withholding

purposes, withholding agents should make a

similar notiﬁcation to nonresident payees. 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.

C Amending Form 592-F

Amended forms can only be ﬁled by the

withholding agent. To amend Form 592-F:

• Complete a new Form 592-F with the correct

information.

• Check the “Amended” box at the top of the

revised form.

• Include a letter explaining what changes

were made and why.

• Send the amended Form 592-F and letter to

the address on the form.

D Federal Extension

Check the “Federal Extension” box at the

top of the form if you ﬁled for an extension

to ﬁle federal Form 8804, Annual Return for

Partnership Withholding Tax.

Caution: An extension to ﬁle is not an

extension to pay. The ﬁnal withholding

payment is due on or before the original due

date for Form 592-F regardless of an extension

to ﬁle.

E Electronic Filing

Requirements

Form 592-F information must be ﬁled with

the FTB electronically, using FTB’s Secure

Web Internet File Transfer (SWIFT), instead

of paper when the number of payees on Form

592-F is 250 or more. However, withholding

agents must continue to provide payees with

paper copies of Form 592-B. To submit your

Form 592-F for electronic ﬁling, submit your

ﬁle using the SWIFT process as outlined in

FTB Pub. 923, SWIFT Guide for Resident,

Nonresident, and Real Estate Withholding.

For the required ﬁle format and record layout

for electronic ﬁling, get FTB Pub. 1023S,

Resident and Nonresident Withholding

Electronic Submission Requirements. If you

are the preparer for more than one withholding

agent, provide a separate electronic ﬁle for each

withholding agent.

For electronic ﬁling submit your payment using

EFT or Form 592-A.

F Interest and Penalties

Interest on late payments is computed from

the due date of the withholding to the date

paid. Failure to withhold may result in the

withholding agent being personally liable

for the amount of tax that should have been

withheld and for interest and penalties.

A penalty will be assessed for failure to ﬁle

complete, correct, and timely information

returns (Form 592-F schedule of payees) to the

FTB. The penalty is calculated per payee:

• $15 if ﬁled 1 to 30 days after the due date.

• $30 if ﬁled 31 days to 6 months after the

due date.

• $50 if ﬁled more than 6 months after the due

date.

Speciﬁc Instructions

Taxable Year

• Enter the beginning and ending dates for the

partnership’s or LLC’s taxable year.

• Make sure the year in the upper left corner

of the form matches the ending date of the

taxable year.

Page 2 Form 592-F Instructions 2010

Foreign Address – Enter the information in

the following order: City, Province/Region,

Postal Code, and Country. Follow the country’s

practice for entering the postal code. Do not

abbreviate the country’s name.

Private Mail Box (PMB) – Include the PMB

in the address ﬁeld. Write “PMB” ﬁrst, then

the box number. Example: 111 Main Street

PMB 123.

If completing Form 592-F by hand, enter all the

information requested using black or blue ink.

Part I Withholding Agent

Enter the business or individual withholding

agent’s name, ID number, and address. If

your entity is a partnership, LLC, estate,

or trust that was withheld upon by another

entity because you are a foreign (non-U.S.)

partner or member of that entity and you are

ﬂowing through the withholding credit to your

partners, members, or beneﬁciaries, enter your

entity’s name, ID number, and address in the

business name area.

If you are ﬁling Form 592-F only to ﬂow-

through withholding credits to your partners,

members, or beneﬁciaries, enter your

information in Part I.

Do not enter the name or ID number of the

entity which originally withheld payments from

you.

Enter the total number of foreign partners or

members included on all Schedule of Payees

from Side 2 (including all additional Schedule

of Payees you attached).

Part II Tax Withheld

Line 1 – Enter the total withholding, excluding

backup withholding, from the Schedule

of Payees listed on Side 2 (including any

additional Schedule of Payees you attached).

Line 2 – Enter the total backup withholding

from the Schedule of Payees listed on Side 2

(including any additional Schedule of Payees

you attached).

Line 3 – Add line 1 and line 2. This is the total

amount of tax withheld.

Line 4 – Enter the amount withheld by another

entity and being allocated to your foreign

partners or members. If any of the amount

withheld by the other entity is to be used

against the tax owed by your entity, do not

include that amount in line 4. Attach a note to

Form 592-F explaining how much of the credit

will be used to offset your tax due.

Line 5 – Enter prior payments for the taxable

year shown above from Forms 592-A.

Line 6 – Enter the amount of foreign partner

or member credit carried over from the prior

withholding year.

Line 8 – If line 3 is more than line 7, subtract

line 7 from line 3. If the result is less than

zero, enter -0-. Remit the withholding

payment using Electronic Funds Transfer

(EFT), or the Supplemental Payment Voucher

from Form 592-A, along with Form 592-F.

Important: Include but do not attach a check

or money order to the Supplemental Payment

Voucher from Form 592-A for the full amount

payable to the “Franchise Tax Board.” Using

black or blue ink, write the tax ID number

and “2011 Form 592-A” on the check or

money order.

Line 9 – If line 7 is greater than line 3, subtract

line 3 from line 7 (complete lines 10 and 11).

Line 10 – Enter the amount of your

overpayment on line 9 that you want to credit

to the 2012 Form 592-F.

Part III Perjury Statement

Complete the withholding agent’s and

preparer’s information.

Schedule of Payees Instructions

Enter all the requested information for each

payee you report as having received California

source income to ensure each payee’s

withholding payment is applied timely and

properly.

You must use the Schedule of Payees on

Side 2 of Form 592-F to report additional

payees – If you withheld tax on multiple

payees for the period, use and attach additional

Schedule of Payees from Side 2 of Form 592-F,

as necessary. Do not use your own version

of the Schedule of Payees to report additional

payees. We can only accept and process

additional payees reported on the Schedule

of Payees from Side 2 of Form 592-F. Be sure

to include the withholding agent’s or payer’s

name and ID number at the top of each

additional page.

Business or Individual Name, Tax ID Number,

and Address – Enter the business or individual

name, tax identiﬁcation number, and address

for the partner or member. For foreign

addresses, see Speciﬁc Instructions.

Backup Withholding – If the payee is subject

to backup withholding, check this box. If you

are a foreign ﬂow-through entity reporting

backup withholding, attach the withholding

statement that enables you to determine the

speciﬁc payment to each recipient as required

by the IRS.

Total Income – Enter the total income subject

to withholding.

Amount of Tax Withheld – Enter the amount of

tax withheld. Determine the California source

taxable income allocable for the partner or

member, then multiply by the applicable tax

rate:

Income amount X Maximum tax rate for the

partner or member.

Tax Rates

9.3% Non-corporate maximum tax rate

8.84% Corporate maximum tax rate

10.84% Bank and ﬁnancial institution

maximum tax rate

Additional Information

For additional information or to speak to

a representative regarding this form, call

the Withholding Services and Compliance

automated telephone service at: 888.792.4900

or 916.845.4900.

OR write to:

WITHHOLDING SERVICES AND

COMPLIANCE

FRANCHISE TAX BOARD

PO BOX 942867

SACRAMENTO CA 94267-0651

You can download, view, and print California

tax forms and publications at ftb.ca.gov.

OR to get forms by mail write to:

TAX FORMS REQUEST UNIT

FRANCHISE TAX BOARD

PO BOX 307

RANCHO CORDOVA CA 95741-0307

For all other questions unrelated to withholding

or to access the TTY/TDD number, see the

information below.

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 impairments

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 personas con

discapacidades auditivas y del

habla

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Form Information

Fact Name	Details
Purpose	Form 592-F is used to report the total withholding for the year on foreign partners or members under California Revenue and Taxation Code Section 18666.
Filing Deadline	The form must be filed by the 15th day of the 4th month following the end of the partnership's or LLC's taxable year.
Backup Withholding Rate	The California backup withholding rate is set at 7% of the payment for certain payees.
Amendments	Only the withholding agent can amend Form 592-F by completing a new form, checking the “Amended” box, and providing an explanation of the changes.
Electronic Filing Requirement	Form 592-F must be filed electronically if the number of payees is 250 or more, using FTB's Secure Web Internet File Transfer (SWIFT).

Detailed Guide for Filling Out California 592 F

Completing the California Form 592-F requires careful attention to detail. This form is essential for reporting withholding on foreign partners or members. Follow these steps to ensure accurate submission.

Enter the taxable year by filling in the beginning and ending dates for the partnership’s or LLC’s taxable year.
In Part I, provide the withholding agent's business name, ID number, and address. Include the total number of foreign partners or members.
In Part II, report the total tax withheld from the Schedule of Payees, excluding backup withholding, in line 1.
Enter the total backup withholding from the Schedule of Payees in line 2.
Add the amounts from line 1 and line 2 to calculate the total tax withheld in line 3.
Record any amount withheld by another entity allocated to your partners or members in line 4.
Enter prior payments for the taxable year from Forms 592-A in line 5.
Input the amount of foreign partner or member credit carried over from the prior year in line 6.
Add lines 4, 5, and 6 to calculate total payments in line 7.
If line 3 is greater than line 7, subtract line 7 from line 3 for the balance due in line 8. Prepare to remit payment if applicable.
If line 7 is greater than line 3, subtract line 3 from line 7 for any overpayment in line 9.
Decide if you want to credit any overpayment to the next year on line 10 or request a refund on line 11.
Complete the perjury statement by providing the withholding agent's and preparer's information in Part III.
For each payee, fill out the Schedule of Payees on Side 2, ensuring to include all required information for proper allocation of withholding.

Once completed, ensure that the form is signed and dated. Submit it along with any necessary payment to the Franchise Tax Board at the specified address. Keep a copy for your records, as it may be required for future reference or audits.

Obtain Answers on California 592 F

What is the California 592 F form?

The California 592 F form is used by partnerships and limited liability companies (LLCs) to report withholding on income earned by foreign partners or members. It summarizes the total tax withheld for the year and allocates that withholding to the foreign partners or members. This form helps ensure compliance with California tax laws regarding non-resident income taxation.
Who needs to file the 592 F form?

Any partnership or LLC that has foreign partners or members must file the 592 F form. This includes entities that are not based in California but have partners or members who are foreign individuals or entities. If all partners or members are foreign, the form must be filed within specific deadlines.
When is the 592 F form due?

The 592 F form is due on or before the 15th day of the 4th month after the close of the partnership's or LLC's taxable year. If all partners or members are foreign, the deadline extends to the 15th day of the 6th month after the close of the taxable year.
What information is required on the form?

The form requires the following information:
- Taxable year dates
- Withholding agent's name and identification number
- Total number of foreign partners or members
- Details on tax withheld, including backup withholding
- Signature and contact information of the withholding agent
How do I amend a previously filed 592 F form?

To amend a filed 592 F form, complete a new form with the correct information. Check the "Amended" box at the top of the form. Include a letter explaining the changes made and why. Send the amended form and letter to the address provided on the form.
What happens if I miss the filing deadline?

If you miss the filing deadline, you may incur penalties and interest on the unpaid tax. The penalties are assessed based on how late the form is filed. It's important to file as soon as possible to minimize any potential penalties.
Can I file the 592 F form electronically?

Yes, if you have 250 or more payees, you must file the 592 F form electronically using the Franchise Tax Board's Secure Web Internet File Transfer (SWIFT). However, you still need to provide paper copies of the Schedule of Payees to each payee.
What is backup withholding?

Backup withholding is a tax withholding requirement that applies to certain payments made to individuals or entities that do not provide a valid taxpayer identification number. For California, the backup withholding rate is 7%. If applicable, this amount must be reported on the 592 F form.
Where do I send the completed 592 F form?

Mail the completed 592 F form, along with any required payment and the Supplemental Payment Voucher from Form 592-A, to the Franchise Tax Board at the following address:

WITHHOLDING SERVICES AND COMPLIANCE
FRANCHISE TAX BOARD
PO BOX 942867
SACRAMENTO CA 94267-0651
How can I get help with the 592 F form?

If you need assistance, you can call the Withholding Services and Compliance automated telephone service at 888.792.4900 or 916.845.4900. Additionally, you can visit the Franchise Tax Board's website at ftb.ca.gov for more information and resources.

Common mistakes

Completing the California Form 592-F can be challenging, and mistakes can lead to delays or penalties. One common error is failing to include the correct taxable year. Make sure to accurately enter the beginning and ending dates for the partnership’s or LLC’s taxable year. If these dates are incorrect, it could result in processing issues.

Another frequent mistake is not properly identifying the withholding agent. The business name, ID number, and address must be entered correctly. If you are a partnership or LLC, ensure that you provide your entity's information rather than that of the entity that originally withheld payments. This distinction is crucial for proper processing.

Many filers also overlook the importance of calculating the total tax withheld accurately. On Line 1, you must report the total withholding, excluding backup withholding. This figure should be carefully calculated to avoid discrepancies that could lead to penalties.

Additionally, some people forget to include the total backup withholding on Line 2. This amount must be reported separately, and failure to do so can result in an inaccurate total tax withheld on Line 3. Always double-check your calculations to ensure accuracy.

Another common error involves the Schedule of Payees. It is essential to complete this section thoroughly and accurately. If you have multiple payees, use the additional Schedule of Payees provided on Side 2 of Form 592-F. Do not create your own version, as only the official form will be accepted.

Some filers neglect to report the amount withheld by another entity on Line 4. This information is critical for accurately allocating credits to foreign partners or members. If this line is left blank, it could lead to confusion and potential penalties.

Moreover, failing to check the “Amended” box when submitting a corrected form is another mistake that can cause issues. If you need to amend your return, ensure you complete a new Form 592-F, check the appropriate box, and include a letter explaining the changes made.

Lastly, many people forget to sign and date the form. The perjury statement requires the withholding agent’s signature, as well as the preparer’s signature if applicable. Missing signatures can result in the form being rejected, causing delays in processing.

Documents used along the form

The California Form 592-F is an essential document for reporting withholding on foreign partners or members in a partnership or LLC. However, it is often accompanied by various other forms and documents that serve specific purposes in the tax reporting process. Below is a list of related forms that may be used in conjunction with Form 592-F, along with a brief description of each.

Form 592-B: This form serves as the Resident and Nonresident Withholding Tax Statement. It is provided to each partner or member to inform them of the amounts withheld from their income. While it is not submitted to the Franchise Tax Board (FTB) with Form 592-F, it must be given to the payees.
Form 592-A: This is the Payment Voucher for Foreign Partner or Member Withholding. It is used to remit withholding payments to the FTB and can be submitted alongside Form 592-F. This form helps ensure that the payment is correctly attributed to the withholding agent's account.
Form 593: The Real Estate Withholding Tax Statement is used when withholding is required on the sale of California real estate. This form is distinct from Form 592-F, which should not be used for real estate transactions.
Form 8804: This is the Annual Return for Partnership Withholding Tax. If a partnership files for an extension to submit this form, it may affect the timing and requirements for filing Form 592-F.
Form 1042-S: This form reports income paid to foreign persons and the tax withheld on that income. It is essential for entities that have foreign partners or members, as it provides necessary information for their tax obligations.
Form W-8BEN: This form is used by foreign individuals to certify their foreign status and claim any applicable tax treaty benefits. It is often required to avoid or reduce withholding on payments made to foreign partners.
Form W-9: This form is typically used by U.S. persons to provide their taxpayer identification number to a withholding agent. It is essential for ensuring that the correct amount of tax is withheld from payments made to domestic partners or members.
Form 1099: This series of forms is used to report various types of income other than wages, salaries, and tips. Depending on the nature of the payments made to partners or members, a 1099 form may be required to report income and withholding accurately.

Understanding these forms can help ensure compliance with California tax regulations and facilitate accurate reporting of income and withholding for foreign partners or members. Each document plays a critical role in the overall process, making it essential to handle them with care and attention to detail.

Similar forms

Form 592: This form is used for reporting withholding on California source income for both resident and nonresident partners. Like Form 592-F, it serves as a means to report withholding, but it is applicable to domestic nonresident partners rather than foreign partners.
Form 593: This form is specifically for reporting withholding on the sale of California real property. Similar to Form 592-F, it is used to report tax withheld, but it focuses on real estate transactions rather than income from partnerships.
Form 8804: This is the federal form for reporting partnership withholding tax. It shares the purpose of reporting withholding amounts, but it is used at the federal level for partnerships, whereas Form 592-F is specific to California's state requirements.
Form 592-A: This form serves as a payment voucher for foreign partner or member withholding. It is similar to Form 592-F in that it relates to withholding for foreign partners, but it is specifically for remitting payments rather than reporting total withholding for the year.

Dos and Don'ts

When filling out the California 592 F form, it is important to follow specific guidelines to ensure accuracy and compliance. Here are five things you should and shouldn't do:

Do enter the correct taxable year at the top of the form.
Do provide accurate information for all foreign partners or members in the Schedule of Payees.
Do check the "Amended" box if you are submitting a corrected form.
Do use black or blue ink if completing the form by hand.
Do round cents to the nearest whole dollar when reporting amounts.

Don't forget to include all necessary attachments, such as additional Schedule of Payees if applicable.
Don't use Form 592-F for reporting withholding on domestic nonresident partners; use Form 592 instead.
Don't leave any fields blank; ensure all required information is filled in.
Don't attach checks or money orders to the Supplemental Payment Voucher; remit them separately.
Don't ignore the deadlines for filing; submit the form on time to avoid penalties.

Misconceptions

Misconception 1: The California Form 592-F is only for U.S. residents.

This form is specifically designed for foreign partners or members of partnerships and LLCs. It is crucial for reporting withholding for individuals or entities that are not U.S. residents.

Misconception 2: Filing Form 592-F eliminates the need for Form 592-B.

While it is true that the withholding agent does not need to submit Form 592-B to the Franchise Tax Board (FTB) when filing Form 592-F, they are still required to provide copies of Form 592-B to the partners or members.

Misconception 3: Form 592-F can be used for reporting real estate withholding.

This form should not be used for real estate withholding. If you are involved in real estate transactions, you must use Form 593 instead.

Misconception 4: The due date for Form 592-F is the same for all partnerships and LLCs.

The due date varies. If all partners or members are foreign, the form is due on the 15th day of the 6th month after the close of the taxable year. Otherwise, it is due on the 15th day of the 4th month following the close of the taxable year.

Misconception 5: There are no penalties for late filing of Form 592-F.

There are indeed penalties for late filing. The penalties can range from $15 to $50 per payee, depending on how late the form is submitted.

Misconception 6: All payments reported on Form 592-F are automatically credited to the partners or members.

Payments must be properly allocated to the respective partners or members. It is essential to report the correct amounts on the Schedule of Payees to ensure proper credit.

Misconception 7: You can file Form 592-F without an electronic submission if you have many payees.

If there are 250 or more payees, electronic filing is required. This helps streamline the process and ensures compliance with the FTB's regulations.

Misconception 8: Backup withholding is not applicable to Form 592-F.

Backup withholding may apply, and it is essential to report any backup withholding amounts separately on the form. This ensures that all tax obligations are met.

Key takeaways

Purpose of Form 592-F: Use this form to report the total withholding for foreign partners or members under California law. It helps pass-through entities allocate withholding credits.
Who Should File: Only partnerships and LLCs with foreign partners or members need to file this form. Do not use it for domestic nonresident partners or real estate transactions.
Filing Deadlines: Submit Form 592-F by the 15th day of the 4th month after the taxable year ends. If all partners are foreign, the deadline extends to the 15th day of the 6th month.
Amending the Form: If corrections are necessary, file a new Form 592-F, check the "Amended" box, and include a letter explaining the changes.
Payment Instructions: If tax is owed, remit payment using Electronic Funds Transfer (EFT) or the Supplemental Payment Voucher from Form 592-A. Include a check payable to the “Franchise Tax Board.”
Backup Withholding: If applicable, report backup withholding at a rate of 7%. Ensure to check the appropriate box for payees subject to this withholding.