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-I?
A: Form 593-I is the Real Estate Withholding Installment Sale Acknowledgement form in California.
Q: When is Form 593-I used?
A: Form 593-I is used when a seller of real estate elects to report the gain on the sale of the property over multiple tax years.
Q: Who needs to file Form 593-I?
A: The seller of real estate who wants to report the gain on the sale over multiple tax years needs to file Form 593-I.
Q: What information is required on Form 593-I?
A: Form 593-I requires the seller's name, social security number or taxpayer identification number, the description of the property sold, and the calculation of the installment sale gain.
Q: Is there a filing fee for Form 593-I?
A: No, there is no filing fee for Form 593-I.
Q: When is the deadline for filing Form 593-I?
A: Form 593-I must be filed within 30 days after the close of escrow.
Q: What happens if I fail to file Form 593-I?
A: Failing to file Form 593-I may result in penalties and interest being assessed by the California Franchise Tax Board.
Form Details:
Download a printable version of Form 593-I by clicking the link below or browse more documents and templates provided by the California Franchise Tax Board.