2018 Form 593-V - Payment Voucher for Real ... - Franchise Tax...-2025

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How to use or fill out 2018 Form 593-V - Payment Voucher for Real Estate Withholding

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the withholding agent's information. Use black or blue ink to fill in the business or individual name, identification number, telephone number, and address. Ensure that you only enter either a business name or an individual name.
  3. If applicable, check the box indicating whether Form(s) 593 was submitted electronically or by paper. Remember to check only one box.
  4. Enter the amount of payment clearly in the designated field. Double-check all entries for accuracy to avoid delays.
  5. Once completed, detach the voucher from the bottom of the page and prepare it for mailing along with any required documents as per your submission method.

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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.
Withholding is not required when any of the following is true: The total sale price does not exceed $100,000. The seller is a bank acting as a fiduciary for a trust. The property is being foreclosed upon (see question 28). The seller meets a full exemption on FTB Form 593 -C.
WITHHOLDING SERVICES AND COMPLIANCE MS F182 FRANCHISE TAX BOARD PO BOX 942867 SACRAMENTO CA 94267-0651 Do not mail paper copies of Form(s) 593 to the FTB if submitted electronically. The remitter retains a copy of this form for a minimum of five years and must provide it to the FTB upon request.
Form 593 V is a California tax form used to report the sale of real estate and the withholding of tax on the sale.
Any remitter (individual, business entity, trust, estate, or REEP) who withheld on the sale/transfer of California real property must file Form 593 to report the amount withheld. If this is an installment sale payment after escrow closed, the buyer/transferee is the responsible person.

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A seller/transferor that qualifies for a full, partial, or no withholding exemption must file Form 593. Any remitter (individual, business entity, trust, estate, or REEP) who withheld on the sale/transfer of California real property must file Form 593 to report the amount withheld.
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.

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