The California Form 592-B is an annual withholding statement issued by the California Franchise Tax Board (FTB). Any business, estate, or trust that makes payments to California residents and nonresidents subject to state income tax withholding must furnish this form to each payee no later than January 31 following the close of the calendar year. The form captures the payer's and recipient's names, addresses, and tax identification numbers (FEIN, SSN, or ITIN), along with total income subject to withholding, total amounts withheld, and any backup withholding. Real property transactions, non-wage payments, and payments subject to backup withholding all require separate reporting. The Franchise Tax Board uses these records to verify compliance with state tax requirements. Recipients use Form 592-B to claim credit for amounts withheld when filing their California returns. Withholding agents who fail to furnish this statement to payees face penalties under California law. For related withholding documents, explore the income withholding form and California FTB 626.
| Question | Answer |
|---|---|
| Form Name | California Form 592 B |
| Form Length | 4 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 1 min |
| Other names | PMB, Nonresident, 592-B, grantor |
| Issued by | California Franchise Tax Board (FTB) |
| Filing period | Annual (calendar year) |
| Due to payees | January 31 of the following year |