Instructions for Form 587 Nonresident Withholding Allocation Worksheet - California

This document contains official instructions for Form 587 , Nonresident Withholding Allocation Worksheet - a form released and collected by the California Franchise Tax Board.

FAQ

Q: What is Form 587?
A: Form 587 is the Nonresident Withholding Allocation Worksheet.

Q: What is the purpose of Form 587?
A: The purpose of Form 587 is to help nonresidents of California allocate their income and calculate the correct amount of withholding tax.

Q: Who needs to fill out Form 587?
A: Nonresidents of California who receive income from California sources and want to allocate their withholding tax need to fill out Form 587.

Q: Is Form 587 only for individuals?
A: No, Form 587 is not only for individuals. It can also be used by partnerships, estates, and trusts.

Q: What information do I need to fill out Form 587?
A: To fill out Form 587, you will need information about your total income, the income derived from California sources, and the total withholding tax amount.

Q: When is the deadline to submit Form 587?
A: The deadline to submit Form 587 is the same as the regular tax return due date, which is usually April 15th for individuals.

Q: What happens if I don't submit Form 587?
A: If you don't submit Form 587, the default allocation will be applied, and you may not receive the full benefit of any tax treaty or exemption provisions.

Q: Are there any penalties for incorrect or late Form 587 submission?
A: Yes, there may be penalties for incorrect or late Form 587 submission. It is important to accurately complete and submit the form on time.