Form 593 Real Estate Withholding Tax Statement - California

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Form 593 Real Estate Withholding Tax Statement - California

What Is Form 593?

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.

FAQ

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.

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Form Details:

  • The latest edition provided by the California Franchise Tax Board;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

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.

Download Form 593 Real Estate Withholding Tax Statement - California

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