Form 592-V Payment Voucher for Resident or Nonresident Withholding - California

What Is Form 592-V?

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 592-V?
A: Form 592-V is a payment voucher used for resident or nonresident withholding in California.

Q: Who needs to use Form 592-V?
A: Anyone who is required to withhold taxes from payments made to a resident or nonresident in California needs to use Form 592-V.

Q: What types of payments require withholding?
A: Certain types of payments, such as rental income, interest, dividends, and non-wage compensation, may require withholding.

Q: When is Form 592-V due?
A: Form 592-V must be submitted with the corresponding tax payment by the due date specified by the California Franchise Tax Board.

Q: What happens if I don't submit Form 592-V?
A: Failure to submit Form 592-V and the corresponding payment may result in penalties and interest charges.

Q: Is Form 592-V only for California residents?
A: No, Form 592-V is used for both residents and nonresidents who have withholding obligations in California.

Q: Is Form 592-V the same as Form 1099?
A: No, Form 592-V is a payment voucher for withholding taxes, while Form 1099 is used to report certain types of income.

Q: What other forms might I need to submit with Form 592-V?
A: Depending on your specific circumstances, you may need to submit other forms, such as Form 592 or Form 592-B, along with Form 592-V.