What is Form 592 V?

Use Form 592-V, Payment Voucher for Resident or Nonresident Withholding, to remit withholding payments reported on Form 592, Resident and Nonresident Withholding Statement, to the Franchise Tax Board (FTB). Use Form 592-V to remit backup withholding payments.

Who Files Form 592?

A lower tier PTE is an entity with California source income that has a PTE owner. If it withheld tax on behalf of its nonresident owners, it is required to file Form 592-PTE to allocate withholding to each nonresident owner, in accordance with each nonresident owner’s interest in the entity.

What is California Nonresident Withholding?

California Nonresident Withholding Non-wage payments to nonresidents of California are subject to 7% state income tax withholding if the total payments during a calendar year exceed $1,500. California nonresidents include: Individuals who are not residents of California.

What is a withholding agent California?

A withholding agent is any person or entity with the control, receipt, custody, disposal, or payment of California source income. We also refer to withholding agents as “payers.”

What’s the difference between form 592 and 592-v?

Form 592-B is one page form that is sent to the payees and shows how much money was withheld. Form 592-V is a voucher payment form.

How to use form 592-v for nonresident withholding?

2020 Instructions for Form 592-V Payment Voucher for Resident or Nonresident Withholding General Information Use Form 592-V, Payment Voucher for Resident or Nonresident Withholding, to remit withholding payments reported on Form 592, Resident and Nonresident Withholding Statement, to the Franchise Tax Board (FTB).

How to remit form 592-v to the FTB?

2020 Instructions for Form 592-V Payment Voucher for Resident or Nonresident Withholding General Information Use Form 592-V, Payment Voucher for Resident or Nonresident Withholding, to remit withholding payments reported on Form 592, Resident and Nonresident Withholding Statement, to the Franchise Tax Board (FTB).

Is there a tax alert for form 592-q?

This tax alert summarizes certain requirements relating to Forms 592-Q and 592- Pass-through entity (PTE), provides some clarification for certain instructions made in the Instructions to Form 592-PTE, and provides some taxpayer considerations.