Fillable Printable 2017 Form 592-F - Foreign Partner Or Member Annual Return
Fillable Printable 2017 Form 592-F - Foreign Partner Or Member Annual Return
2017 Form 592-F - Foreign Partner Or Member Annual Return
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Under penalties of perjury, I declare that I have examined this form, 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.
Print or type withholding agent’s name
Withholding agent’s signature Date
Print or type preparer’s name Preparer’s PTIN
Preparer’s signature Date
Preparer’s address Telephone
( )
Form 592-F C3 2016 Side 1
Foreign Partner or Member Annual Return
CALIFORNIA FORM
592-F
8081173
TAXABLE YEAR
2017
Taxable year: Beginning (mm/dd/yyyy) , and ending (mm/dd/yyyy) .
Part I
Withholding Agent Information
Business name
FEIN CA Corp no. CA SOS file no.
First name
Initial
Last name Telephone
( )
Address (apt./ste., 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) ..................................................... 1
2 Total backup withholding (Side 2 and any additional pages) ................................. 2
3 Add line 1 and line 2. This is the total amount of tax withheld. .............................. 3
4 Amount withheld by another entity and being allocated to partners or members ................. 4
5 Prior payments of foreign partners’ or members’ withholding for taxable year shown above . ....... 5
6 Amount credited from prior year’s withholding ........................................... 6
7 Add line 4, line 5, and line 6. This is the total amount of payments .......................... 7
8 Balance due. If line 3 is more than line 7, subtract line 7 from line 3. Remit the withholding payment
with the Supplemental Payment Voucher from Form 592-A, along with Form 592-F. .............. 8
9 Overpayment. If line 7 is greater than line 3, subtract line 3 from line 7 (complete lines 10 and 11)... 9
10 Credit to next year. Enter the amount from line 9 that you want applied to the 2018 Form 592-F .... 10
11 Refund. Subtract line 10 from line 9 .................................................. 11
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Amended I Federal Extension I
Side 2 Form 592-F C3 2016 8082173
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Withholding Agent Name: ______________________________________ Withholding Agent TIN:__________________
Schedule of Payees (Enter business or individual name, not both.) PRINT CLEARLY
Business name
FEIN CA Corp no. CA SOS file no.
First name
Initial
Last name
SSN or ITIN
Address (apt./ste., room, PO box, or PMB no.)
City (If you have a foreign address, see instructions.) State ZIP code
Total income
If backup withholding, check the box.
Amount of tax withheld
Business name
FEIN CA Corp no. CA SOS file no.
First name
Initial
Last name
SSN or ITIN
Address (apt./ste., room, PO box, or PMB no.)
City (If you have a foreign address, see instructions.) State ZIP code
Total income
If backup withholding, check the box.
Amount of tax withheld
Business name
FEIN CA Corp no. CA SOS file no.
First name
Initial
Last name
SSN or ITIN
Address (apt./ste., room, PO box, or PMB no.)
City (If you have a foreign address, see instructions.) State ZIP code
Total income
If backup withholding, check the box.
Amount of tax withheld
Business name
FEIN CA Corp no. CA SOS file no.
First name
Initial
Last name
SSN or ITIN
Address (apt./ste., room, PO box, or PMB no.)
City (If you have a foreign address, see instructions.) State ZIP code
Total income
If backup withholding, check the box.
Amount of tax withheld
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Form 592-F Instructions 2016 Page 1
2017 Instructions for Form 592-F
Foreign Partner or Member Annual Return
What’s New
Due Date Change – Beginning on or after
January 1, 2016, for withholding on foreign
partners or members, the due date to file Form
592-F has changed from the 15th day of the 4th
month following the close of the partnership’s
or LLC’s taxable year to the 15th day of the 3rd
month following the close of the partnership’s or
LLC’s taxable year. See General Information B,
When and Where to File, for more information.
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 not required
to submit to the FTB Form 592-B, Resident and
Nonresident Withholding Tax Statement, for each
partner or member. However, withholding agents
must provide the partners or members with
copies of Form 592-B.
For California withholding purposes:
y Nonresident includes all of the following:
y Individuals who are not residents of
California.
y Corporations not qualified through the
California Secretary of State (CA SOS)
to do business in California or having no
permanent place of business in California.
y Partnerships or LLCs with no permanent
place of business in California.
y Any trust without a resident grantor,
beneficiary, or trustee, or estates where
the decedent was not a California resident.
y 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 remit withholding
payments during the year, get Form 592-A.
A foreign partner may request to reduce or
eliminate withholding of California tax on
effectively connected taxable income from
California sources allocable to a foreign partner
(Federal Treasury Regulation 1.1446-6).
The foreign partner must first file federal
Form 8804-C, Certificate of Partner-Level Items
to Reduce Section 1446 Withholding, with the
partnership. Then the foreign partner must
sign and send Form 589, Nonresident Reduced
Withholding Request, to the FTB along with a
signed copy of federal Form 8804-C. The FTB will
review the request within 21 business days. If the
request is approved, the partnership should remit
the reduced withholding amount to the FTB along
with Form 592-A.
Backup Withholding – 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 on income sourced
to California. 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.
If a payee has backup withholding, the payee
must contact the FTB to provide a valid
Taxpayer Identification Number (TIN) before
filing a tax return. The following are acceptable
TINs: social security number (SSN); individual
taxpayer identification number (ITIN); federal
employer identification number (FEIN); California
corporation number (CA Corp no.); or CA SOS file
number. Failure to provide a valid TIN will result in
the denial of the backup withholding credit.
Submitting Payments – Use the Supplemental
Payment Voucher from Form 592-A if you
have a final withholding payment to remit with
Form 592-F.
Penalty Increase – Beginning on or after
January 1, 2016, the penalties related to failure
to file information returns increased. See
General Information F, Interest and Penalties,
or get FTB 1150, Withhold at Source Penalty
Information, for more information.
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
Section 18666. Form 592-F is also used by
pass-through entities to pass-through withholding
credit to their foreign partners or members.
Do not use Form 592-F if:
y You are reporting withholding on domestic
nonresident partners or members. Use
Form 592, Resident and Nonresident
Withholding Statement.
y You are the buyer or real estate 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
3rd 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.
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
Important: If Form 592-F was filed electronically,
submit only your payment due and Form 592-A.
Record Keeping – The withholding agent retains
this form for a minimum of five years and must
provide it to the FTB upon request.
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
If an error is discovered after Form 592-F has
been filed, an amended Form 592-F must be filed
to correct the error. Only withholding agents can
file amended forms.
Important: If you are amending a previously
submitted Form 592-F and need assistance,
call the Withholding Services and Compliance
telephone service at: 888.792.4900 or
916.845.4900.
To amend Form 592-F previously filed on the
correct taxable year form, but reporting incorrect
information:
y Complete a new Form 592-F with the correct
information. Use the same year form as
the original form and include all original
payees. Do not use negative numbers when
completing Form 592-F.
y Check the “Amended” box at the top of the form.
y Attach a letter to the back of the form
explaining what changes were made and why.
y Do not attach the original Form 592-F.
To amend a Form 592-F previously filed using an
incorrect taxable year form:
y Complete a new Form 592-F with the
withholding information using the correct year
form. Do not check the “Amended” box on the
top left corner of the form.
y Complete a second Form 592-F using the
same year form as originally filed. Check the
“Amended” box in the top left corner of the
form. Enter $0.00 as the amount withheld.
Mail the amended form(s) and letter(s) to the
address listed under General Information B, When
and Where to File.
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 (Section 1446).
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
When the number of payees on Form 592-F is
250 or more, Form 592-F must be filed with the
FTB electronically, using the FTB’s Secure Web
Internet File Transfer (SWIFT), instead of paper.
However, withholding agents must continue to
provide payees with copies of Form 592-B.
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.
Page 2 Form 592-F Instructions 2016
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.
Electronic signatures shall be considered as valid
as the originals.
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 was
required to be withheld, plus interest and penalties,
unless the failure was due to reasonable cause.
A penalty will be assessed for failure to file
complete, correct, and timely information returns
(Form 592-F Schedule of Payees) with the FTB.
The penalty is calculated per payee:
y $30 if filed 1 to 30 days after the due date.
y $60 if filed 31 days to 6 months after the due
date.
y $100 if filed more than 6 months after the due
date.
For more information, get FTB 1150, Withhold at
Source Penalty Information.
Specific Instructions
If completing Form 592-F by hand, enter all
information requested using black or blue ink.
Taxable Year
y Enter the beginning and ending dates for the
partnership’s or LLC’s taxable year.
y Make sure the year in the upper left corner
of the form matches the ending date of the
taxable year.
Private Mail Box (PMB) – Include the PMB in
the address field. Write “PMB” first, then the box
number. Example: 111 Main Street PMB 123.
Foreign Address – Follow the country’s practice
for entering the city, county, province, state,
country, and postal code, as applicable, in
the appropriate boxes. Do not abbreviate the
country’s name.
Part I Withholding Agent
Information
Enter withholding agent information, check the
appropriate box and enter the TIN. If your entity
was withheld upon by another entity because
you are a foreign (non-U.S.) partner or member
of that entity and you are passing through the
withholding credit to your foreign (non U.S.)
partners, members or beneficiaries, enter your
entity’s name, TIN, and address in the business
name area.
Do not enter the name or TIN of the entity which
originally withheld payments from you.
Enter the total number of foreign partners or
members included on the Schedule of Payees.
Part II Tax Withheld
Line 1 – Enter the total withholding, excluding
backup withholding, from the Schedule of Payees
on Side 2 and from any additional pages of the
Schedule of Payees.
Line 2 – Enter the total backup withholding
from the Schedule of Payees on Side 2 and any
additional pages of the Schedule of Payees.
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.
All additional amounts withheld by another entity
must be allocated to your partners or members
and may not be refunded on Form 592-F.
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. Remit the withholding payment
using the Supplemental Payment Voucher from
Form 592-A, along with Form 592-F.
Line 9 – If line 7 is more 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 2018
Form 592-F.
Schedule of Payees Instructions
Enter all the applicable information for each payee
you report as having nonresident or backup
withholding to ensure each payee’s withholding
payment is applied timely and properly.
Do not include payees who have zero withholding
unless you are amending Form 592-F to exclude a
payee originally reported in error.
Do not leave a blank payee box unless you are at
the end of the Schedule of Payees.
You must use the Schedule of Payees on Side 2
of Form 592-F to report all payees.
If you withheld tax on multiple payees for the
taxable year, complete and include additional
copies of the Schedule of Payees from Side 2 of
Form 592-F, as necessary. Include the withholding
agent’s name and TIN at the top of each additional
page.
Do not attach your own schedules to this form.
We only accept and process additional payees
reported on the Schedule of Payees from Side 2
of Form 592-F.
Business or Individual Name, TIN, and Address
Enter only business or individual information
for each payee, not both, check the appropriate
box and enter the TIN. Do not enter the business
name of your entity as a payee.
If the payee is a grantor trust, enter the grantor’s
individual name and TIN. Do not enter the name
of the trust or trustee information. (For tax
purposes, grantor trusts are transparent. The
individual grantor must report the income and
claim the withholding on the individual’s California
tax returns.)
If the payee is a non-grantor trust, enter the
name of the trust and the trust’s FEIN. Do not
enter trustee information
. If the non-grantor
trust has applied for a FEIN and it has not yet
been received, or they have not applied for a
FEIN, leave the identification number field blank.
After the FEIN is received, contact the FTB at
888.792.4900.
Total Income – Enter the total income subject to
withholding.
Backup Withholding – If the payee is subject
to backup withholding, check this box. Attach
the withholding statement that enables you to
determine the specific payment to each recipient
as required by the IRS.
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
12.3% Non-corporate maximum tax rate
8.84% Corporate maximum tax rate
10.84% Bank and financial institution maximum
tax rate
Additional Information
Website: For more information go to
ftb.ca.gov and search for nonwage.
MyFTB offers secure online tax
account information and services.
For more information and to
register, go to ftb.ca.gov and search
for myftb.
Telephone: 888.792.4900 or 916.845.4900,
Withholding Services and
Compliance phone service
Fax: 916.845.9512
Mail: WITHHOLDING SERVICES AND
COMPLIANCE MS F182
FRANCHISE TAX BOARD
PO BOX 942867
SACRAMENTO CA 94267-0651
For questions unrelated to withholding, or to
download, view, and print California tax forms and
publications, or to access the TTY/TDD numbers,
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 para personas con
discapacidades auditivas o del
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