This version of the form is not currently in use and is provided for reference only. Download this version of Form 593 for the current year.
This is a legal form that was released by the California Franchise Tax Board - a government authority operating within California. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form 593?
A: Form 593 is the Real Estate WithholdingTax Statement.
Q: Who needs to file Form 593?
A: Sellers of real property located in California who are not exempt from withholding must file Form 593.
Q: What is the purpose of Form 593?
A: The purpose of Form 593 is to report and remit real estate withholding taxes.
Q: When is Form 593 due?
A: Form 593 is due within 20 calendar days of the close of escrow or transfer of the property.
Q: What happens if I fail to file Form 593?
A: Failure to file Form 593 or remit the withholding tax may result in penalties and interest.
Q: Is there a minimum threshold for withholding?
A: Yes, the minimum threshold for withholding is $150,000 for individuals and $100,000 for corporations.
Q: What if the seller is exempt from withholding?
A: If the seller is exempt from withholding, they must still file Form 593 to claim the exemption.
Q: Can I file Form 593 electronically?
A: Yes, you can file Form 593 electronically through the California Tax Service Center.
Form Details:
Download a fillable version of Form 593 by clicking the link below or browse more documents and templates provided by the California Franchise Tax Board.