Tax News
Updating Tax Year 2013 Withholding Forms to Resolve Balancing Issues

Beginning with the 2007 tax forms, we began hard coding zeros in the cents field on all paper tax forms that previously allowed a field for the exact cents amount. This was done to encourage taxpayers to round to the nearest whole dollar and to be consistent with other forms submitted to us.

However, the hard coded zeros on withholding forms causes balancing issues with us, withholding agents, and payees. To resolve these issues, the hard coded zeros will be removed from the following tax year 2013 forms:

Form Number Form Name
589 Nonresident Reduced Withholding Request
592 Resident and Nonresident Withholding Statement
592-A Payment Voucher for Foreign Partner or Member Withholding
592-B Resident and Nonresident Withholding Tax Statement
592-F Foreign Partner or Member Annual Return
592-V Payment Voucher for Resident and Nonresident Withholding
593 Real Estate Withholding Tax Statement
593-V Payment Voucher for Real Estate Withholding

In addition, Form 570, Nonadmitted Insurance Tax Return, will once again allow a taxpayer to enter cents.

For more information on withholding forms, go to ftb.ca.gov and search for withholding forms and publications.

Back to October 2012 Tax News