Form 588 - California Franchise Tax Board 2025

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  1. Click ‘Get Form’ to open Form 588 in the editor.
  2. In Part I, enter the Withholding Agent Information. Select the appropriate TIN type and provide the corresponding number, along with your business name, contact details, and address.
  3. Move to Part II for Requester Information. Fill in the requester’s name and address, ensuring you include a daytime telephone number for any follow-up.
  4. In Part III, check the box that corresponds to the type of income subject to withholding. This is crucial for determining your waiver request.
  5. Proceed to Part IV, Schedule of Payees. Enter information for each payee, including their TIN and reason for waiver request. If necessary, attach additional pages for more payees.
  6. Finally, review all entries for accuracy before signing and dating the form at the bottom.

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FTB Form 588, Nonresident Withholding Waiver Request Nonresident payee who qualifies can use Form 588 to get a waiver from withholding based generally on California tax filing history. Form 588 must be submitted at least 21 business days before payment is made.
Purpose. Use Form 588, Nonresident Withholding Waiver Request, to request a waiver from withholding on payments of California source income to nonresident payees.
Mail Form 568 with payment to: Mail Franchise Tax Board. PO Box 942857. Sacramento, CA 94257-0501. E-Filed returns: Pay electronically using Web Pay, credit card, EFW, or mail form FTB 3588, Payment Voucher for LLC e-filed Returns, with payment to: Mail Franchise Tax Board.
The amount is withheld by the Settlement Agent from the Sellers account at the closing of the transaction and sent to the Franchise Tax Board (FTB). The amount is considered a prepayment of income taxes on the potential gain.
Use Form 588, Nonresident Withholding Waiver Request, to request a waiver from withholding on payments of California source income to nonresident payees. Do not use Form 588 to request a waiver if you are a foreign (non-U.S.) partner or member.
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The Franchise Tax Board will send a notice or letter to personal taxpayers and business entities for issues that may include but not limited to: You have a balance due. You are due a larger or smaller refund. We need to notify you of delays in processing your return.
California Businesses If you have a permanent place of business in California or you are qualified to do business through the California Secretary of State, then complete: Franchise Tax Board Form 590 Withholding Exemption Certificate.
LLCs Classified as Partnerships File Form 568. LLCs may be classified for tax purposes as a partnership, a corporation, or a disregarded entity. The LLC must file the appropriate California tax return for its classification. LLCs classified as a: Partnership file Form 568, Limited Liability Company Return of Income.

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