Sacramento Real Estate Tax

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					 TAXABLE YEAR                                                                                                                                                                                                                    CALIFORNIA FORM


      2009                        Real Estate Withholding Tax Statement                                                                                                                                                                 593
AMENDED: m                                                                                                                                                                                              Copy A              FOR FRANCHISE
                                                                                                                                                                                                                            TAX BOARD
Part I Withholding Agent                                                                                            FTB Use Only: Total Payment Enclosed:                                                ,                   ,                    . 00
 Name                                                                                                                                                                                                         SSN or ITIN


 Business Name
                                                                                                                                                                                                                            -
                                                                                                                                                                                                              FEIN or CA Corp no .
                                                                                                                                                                                                                                        -
 Address (including suite, room, PO Box, or PMB no .)


 City                                                                                                                                                                                               State     ZIP Code

                                                                                                                                                                                                                                        -
Seller or Transferor
 Name                                                                                                                                                                                                         SSN or ITIN


 Spouse/RDP Name or Business Name 
                                                                                                                                                                                                                            -
                                                                                                                                                                                                              Spouse’s/RDP’s SSN or ITIN
                                                                                                                                                                                                                                        -
 Address (including apt ./suite, room, PO Box, or PMB no .)
                                                                                                                                                                                                                            -
                                                                                                                                                                                                              FEIN or CA Corp no .
                                                                                                                                                                                                                                        -
 City                                                                                                                                                                                               State     ZIP Code


 Property address (if no street address, provide parcel number and county) 
                                                                                                                                                                                                                                        -

Part II Escrow or Exchange Information
1. Escrow or Exchange Number  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .I 1 ____________________
2. Date of Transfer, Exchange Completion, Exchange Failure, or Installment Payment  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .I 2 ____________________
3. Type of Transaction (Check One Only): I                                                                                                                                                                             MM  /  DD  /  YYYY
   A m  Conventional Sale or Transfer
   B m  Installment Sale Payment                       C m Boot                                         D m Failed Exchange
4. Withholding Calculation (Check One Only): I
   Total Sales Price Method
   A m  3 1/3 % (.0333) x Total Sales Price (See instructions. Signature not required below)
   Optional Gain on Sale Election (Signature required below)
   B m  Individual 9.55% x Gain on Sale                                                  E m  Bank and Financial Corp. 10.84% x Gain on Sale
   C m Non-California Partnership 9.55% x Gain on Sale                                   F m  S Corporation 11.05% x Gain on Sale
   D m  Corporation 8.84% x Gain on Sale                                                 G m  Financial S Corporation 13.05% x Gain on Sale
   5. Amount Withheld from this Seller   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . I 5             ,                   ,                   . 00
Mail completed form and payment to:                                                                 If paying by EFT mail to:
  FRANCHISE TAX BOARD                                                                                 FRANCHISE TAX BOARD 
  PO BOX 942867                                                                                       PO BOX 942867 
  SACRAMENTO CA 94267-0651                                                                            SACRAMENTO CA 94267-8888
Part III  Perjury Statement – Signature is required when the Optional Gain on Sale is elected above.
    Title and escrow persons, and exchange accommodators are not authorized to provide legal or accounting advice for purposes of determining withholding
    amounts. Transferors are strongly encouraged to consult with a competent tax professional for this purpose.

Under penalties of perjury, I hereby certify that the information provided above is, to the best of my knowledge, true and correct. I understand that the Franchise
Tax Board may review relevant escrow documents to ensure withholding compliance. I understand that if this form is not signed, the withholding amount will be
3 1/3% of the total sales price.

                                   Seller’s Signature: ________________________________________________________  Date: ______________________
It is unlawful to forge
  spouse’s/RDP’s
a                                                           _
                                   Spouse’s/RDP’s Signature:  ________________________________________________  Date: ______________________
signature.
                                   Preparer’s Name and Title/Escrow Business Name:                                                                                                                  Telephone Number:
                                                                                                                                                                                                    (             )


For Privacy Notice, get form FTB 1131.                                                                                7111093                                                                        Form 593 C2 2008 (REV 11-09)
 TAXABLE YEAR                                                                                                                                                                                                                    CALIFORNIA FORM


      2009                        Real Estate Withholding Tax Statement                                                                                                                                                                 593
                               This is important tax information and is being furnished to the Franchise Tax Board.
AMENDED: m                     File this form with your California tax return.                                                                                                                          Copy B              FOR SELLER OR
                                                                                                                                                                                                                            TRANSFEROR
Part I          Withholding Agent                                                                                   FTB Use Only: Total Payment Enclosed:                                                ,                   ,                    . 00
 Name                                                                                                                                                                                                         SSN or ITIN


 Business Name
                                                                                                                                                                                                                            -
                                                                                                                                                                                                              FEIN or CA Corp no .
                                                                                                                                                                                                                                        -
 Address (including suite, room, PO Box, or PMB no .)


 City                                                                                                                                                                                               State     ZIP Code

                                                                                                                                                                                                                                        -
Seller or Transferor
 Name                                                                                                                                                                                                         SSN or ITIN


 Spouse/RDP Name or Business Name 
                                                                                                                                                                                                                            -
                                                                                                                                                                                                              Spouse’s/RDP’s SSN or ITIN
                                                                                                                                                                                                                                        -
 Address (including apt ./suite, room, PO Box, or PMB no .)
                                                                                                                                                                                                                            -
                                                                                                                                                                                                              FEIN or CA Corp no .
                                                                                                                                                                                                                                        -
 City                                                                                                                                                                                               State     ZIP Code


 Property address (if no street address, provide parcel number and county) 
                                                                                                                                                                                                                                        -

Part II           Escrow or Exchange Information
1. Escrow or Exchange Number  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .I 1 ____________________
2. Date of Transfer, Exchange Completion, Exchange Failure, or Installment Payment  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .I 2 ____________________
3. Type of Transaction (Check One Only): I                                                                                                                                                                             MM  /  DD  /  YYYY
   A m  Conventional Sale or Transfer
   B m  Installment Sale Payment                       C m Boot                                         D m Failed Exchange
4. Withholding Calculation (Check One Only): I
   Total Sales Price Method
   A m  3 1/3 % (.0333) x Total Sales Price (See instructions. Signature not required below)
   Optional Gain on Sale Election (Signature required below)
   B m  Individual 9.55% x Gain on Sale                                                  E m  Bank and Financial Corp. 10.84% x Gain on Sale
   C m Non-California Partnership 9.55% x Gain on Sale                                   F m  S Corporation 11.05% x Gain on Sale
   D m  Corporation 8.84% x Gain on Sale                                                 G m  Financial S Corporation 13.05% x Gain on Sale
   5. Amount Withheld from this Seller   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . I 5             ,                   ,                   . 00
Mail completed form and payment to:                                                                 If paying by EFT mail to:
  FRANCHISE TAX BOARD                                                                                 FRANCHISE TAX BOARD 
  PO BOX 942867                                                                                       PO BOX 942867 
  SACRAMENTO CA 94267-0651                                                                            SACRAMENTO CA 94267-8888
Part III  Perjury Statement – Signature is required when the Optional Gain on Sale is elected above.
    Title and escrow persons, and exchange accommodators are not authorized to provide legal or accounting advice for purposes of determining withholding
    amounts. Transferors are strongly encouraged to consult with a competent tax professional for this purpose.

Under penalties of perjury, I hereby certify that the information provided above is, to the best of my knowledge, true and correct. I understand that the Franchise
Tax Board may review relevant escrow documents to ensure withholding compliance. I understand that if this form is not signed, the withholding amount will be
3 1/3% of the total sales price.

                                   Seller’s Signature: ________________________________________________________  Date: ______________________
It is unlawful to forge
  spouse’s/RDP’s
a                                                           _
                                   Spouse’s/RDP’s Signature:  ________________________________________________  Date: ______________________
signature.
                                   Preparer’s Name and Title/Escrow Business Name:                                                                                                                  Telephone Number:
                                                                                                                                                                                                    (             )


For Privacy Notice, get form FTB 1131.                                                                                7111093                                                                        Form 593 C2 2008 (REV 11-09)
 TAXABLE YEAR                                                                                                                                                                                                                    CALIFORNIA FORM


      2009                        Real Estate Withholding Tax Statement                                                                                                                                                                 593
                                                                                                                                                                                                                           FOR WITHHOLDING
AMENDED: m                                                                                                                                                                                              Copy C             AGENT’S RECORDS
Part I          Withholding Agent                                                                                   FTB Use Only: Total Payment Enclosed:                                                ,                   ,                    . 00
 Name                                                                                                                                                                                                         SSN or ITIN


 Business Name
                                                                                                                                                                                                                            -
                                                                                                                                                                                                              FEIN or CA Corp no .
                                                                                                                                                                                                                                        -
 Address (including suite, room, PO Box, or PMB no .)


 City                                                                                                                                                                                               State     ZIP Code

                                                                                                                                                                                                                                        -
Seller or Transferor
 Name                                                                                                                                                                                                         SSN or ITIN


 Spouse/RDP Name or Business Name 
                                                                                                                                                                                                                            -
                                                                                                                                                                                                              Spouse’s/RDP’s SSN or ITIN
                                                                                                                                                                                                                                        -
 Address (including apt ./suite, room, PO Box, or PMB no .)
                                                                                                                                                                                                                            -
                                                                                                                                                                                                              FEIN or CA Corp no .
                                                                                                                                                                                                                                        -
 City                                                                                                                                                                                               State     ZIP Code


 Property address (if no street address, provide parcel number and county) 
                                                                                                                                                                                                                                        -

Part II           Escrow or Exchange Information
1. Escrow or Exchange Number  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .I 1 ____________________
2. Date of Transfer, Exchange Completion, Exchange Failure, or Installment Payment  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .I 2 ____________________
3. Type of Transaction (Check One Only): I                                                                                                                                                                             MM  /  DD  /  YYYY
   A m  Conventional Sale or Transfer
   B m  Installment Sale Payment                       C m Boot                                         D m Failed Exchange
4. Withholding Calculation (Check One Only): I
   Total Sales Price Method
   A m  3 1/3 % (.0333) x Total Sales Price (See instructions. Signature not required below)
   Optional Gain on Sale Election (Signature required below)
   B m  Individual 9.55% x Gain on Sale                                                  E m  Bank and Financial Corp. 10.84% x Gain on Sale
   C m Non-California Partnership 9.55% x Gain on Sale                                   F m  S Corporation 11.05% x Gain on Sale
   D m  Corporation 8.84% x Gain on Sale                                                 G m  Financial S Corporation 13.05% x Gain on Sale
   5. Amount Withheld from this Seller   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . I 5             ,                   ,                   . 00
Mail completed form and payment to:                                                                 If paying by EFT mail to:
  FRANCHISE TAX BOARD                                                                                 FRANCHISE TAX BOARD 
  PO BOX 942867                                                                                       PO BOX 942867 
  SACRAMENTO CA 94267-0651                                                                            SACRAMENTO CA 94267-8888
Part III  Perjury Statement – Signature is required when the Optional Gain on Sale is elected above.
    Title and escrow persons, and exchange accommodators are not authorized to provide legal or accounting advice for purposes of determining withholding
    amounts. Transferors are strongly encouraged to consult with a competent tax professional for this purpose.

Under penalties of perjury, I hereby certify that the information provided above is, to the best of my knowledge, true and correct. I understand that the Franchise
Tax Board may review relevant escrow documents to ensure withholding compliance. I understand that if this form is not signed, the withholding amount will be
3 1/3% of the total sales price.

                                   Seller’s Signature: ________________________________________________________  Date: ______________________
It is unlawful to forge
  spouse’s/RDP’s
a                                                           _
                                   Spouse’s/RDP’s Signature:  ________________________________________________  Date: ______________________
signature.
                                   Preparer’s Name and Title/Escrow Business Name:                                                                                                                  Telephone Number:
                                                                                                                                                                                                    (             )


For Privacy Notice, get form FTB 1131.                                                                                7111093                                                                        Form 593 C2 2008 (REV 11-09)
Instructions for 593
Real Estate Withholding Tax Statement
What’s New                                             that are subject to this requirement. Those that     tax withheld within 20 days following the end of
                                                       do not meet these requirements and wish to           the month in which the transaction occurred.
Increase In Rates – For taxable years                  participate on a voluntary basis may do so. For
beginning on or after January 1, 2009,                                                                      Mail Copy A of Form 593 and payment to:
                                                       more information, go to our website at
the maximum personal income tax rate is                ftb.ca.gov and search for EFT, call                     FRANCHISE TAX BOARD
increased to 9.55%. In addition, non-California        916.845.4025, or get FTB Pub. 3817, Electronic          PO BOX 942867
Partnerships are subject to withholding                Funds Transfer Program Information Guide.               SACRAMENTO CA 94267-0651
requirements on a sale of California real                                                                   Distribute the other copies of Form 593
property at a rate of 3 1/3% of sales proceeds         When remitting payments by EFT, mail Copy
                                                       A of Form 593 to the following address:              as follows:
or 9.55% of gain. The alternative withholding
rates for the sale of California real property            FRANCHISE TAX BOARD                               • Copy B – Send to sellers within 20 days
by S corporations is increased to 11.05% and              PO BOX 942867                                        following the end of the month in which the
13.05% for Financial S corporations.                      SACRAMENTO CA 94267-8888                             transaction occurred.
                                                                                                            • Copy C – Retained by withholding agent.
Installment Sales – For taxable years
beginning on or after January 1, 2009, buyers          A Purpose
                                                                                                            D Interest and Penalties
are required to withhold on the principal              Use Form 593, Real Estate Withholding Tax
portion of each installment payment if the sale        Statement, to report real estate withholding on      Interest will be assessed on late withholding
of California real property is structured as an        sales closing in 2009, on installment payments       payments and is computed from the due
installment sale.                                      made in 2009, or on exchanges that were              date to the date paid. If the real estate
                                                       completed or failed in 2009.                         escrow person does not notify the buyer of
                                                                                                            the withholding requirements in writing, the
General Information                                    Use a separate Form 593 to report the amount         penalty is the greater of $500 or 10% of the
Registered Domestic Partners (RDP) – RDPs              withheld from each seller. If the sellers are        required withholding.
under California law must file their California        married or registered domestic partners (RDPs)
                                                       and they plan to file a joint return, include both   If the buyer (after notification) or other
income tax returns using either the married/RDP                                                             withholding agent does not withhold, the
filing jointly or married/RDP filing separately        spouses/RDPs on the same Form 593.
                                                                                                            penalty is the greater of $500 or 10% of the
filing status. RDPs have the same legal benefits,      Common Errors                                        required withholding.
protections, and responsibilities as married           Year of Form – The year (at the top) of
couples unless otherwise specified.                                                                         If the withholding agent does not furnish
                                                       Form 593 must be the same as the year on             complete and correct copies of Form 593
If you entered into a same sex legal union in          line 2. See instructions for line 2. If you do       to the FTB by the due date, within 20 days
another state, other than a marriage, and that         not have Form 593 with the correct year,             following the end of the month in which the
union has been determined to be substantially          go to our website ftb.ca.gov to get the              transaction occurred, but does file them within
equivalent to a California registered domestic         correct Form(s) 593 and 593-B, Real Estate           30 days of the due date, the penalty is $15 per
partnership, you are required to file a California     Withholding Tax Statement (if applicable).           Form 593. If Form 593 is filed more than 30
income tax return using either the married/RDP         Identification Numbers – Check to see that the       days after the due date, the penalty is $50 per
filing jointly or married/RDP filing separately        withholding agent’s and seller’s identification      Form 593. If the failure is due to an intentional
filing status. For more information on what            numbers are correct and listed in the same           disregard of the requirement, the penalty is
states have legal unions that are considered           order as the names. If both a husband/RDP            the greater of $100 or 10% of the required
substantially equivalent, go to our website at         and wife/RDP are listed, make sure both social       withholding.
ftb.ca.gov and search for RDP.                         security numbers (SSNs) or individual taxpayer       If the withholding agent does not furnish
For purposes of California income tax,                 identification numbers (ITINs) are listed in the     complete and correct copies of Form 593 to the
references to a spouse, a husband, or a wife           same order as their names.                           seller by the due date, within 20 days following
also refer to a California registered domestic         Trusts and Trustees – It is important to report      the end of the month in which the transaction
partner (RDP), unless otherwise specified.             the correct name and identification number           occurred, the penalty is $50 per Form 593. If
When we use the initials RDP they refer to both        when title is held in the name of a trust. If        the failure is due to an intentional disregard of
a California registered domestic “partner” and         the seller is a trust, see the Specific Line         the requirement, the penalty is the greater of
a California registered domestic “partnership,”        Instructions on page 2 for Seller or Transferor.     $100 or 10% of the required withholding.
as applicable. For more information on
RDPs, get FTB Pub. 737, Tax Information for            Preparer’s Name and title/Escrow Business
                                                       Name – Provide the preparer’s or Title/Escrow’s      E Amending Form 593
Registered Domestic Partners.
                                                       name and phone number.                               Do not file an amended Form 593 to cancel the
Round Cents to Dollars                                                                                      withholding amount for a Form 593-C, Real
Round cents to the nearest whole dollar. For           B Who Must File                                      Estate Withholding Certificate, filed after the
example, round $50.50 up to $51 or round                                                                    close of escrow.
                                                       Any person who withheld on the sale or transfer
$25.49 down to $25. If you do not round, the
                                                       of California real property during the calendar      To amend Form 593:
Franchise Tax Board (FTB) will disregard the
                                                       month must file Form 593 to report and remit         • Complete a new Form 593 with the correct
cents.
                                                       the amount withheld. Normally, this will be the         information.
Electronic Funds Transfer (EFT)                        title company, escrow company, intermediary,
Corporations that meet certain requirements                                                                 • Check the “Amended” box at the top of the
                                                       or accommodator. Generally, the buyer will              revised form.
must remit all of their payments through EFT           only complete these forms when reporting the
rather than by paper checks to avoid the EFT                                                                • Include a letter explaining what changes
                                                       withholding on installment payments.                    were made and why.
penalty. Corporations that remit an estimated
                                                                                                            • Fax the amended form and letter to our
tax payment or extension payment in excess of          C When and Where to File                                general fax number, 916.845.9512. If an
$20,000 or that have a total tax liability in excess   File Copy A of Form 593, attach a copy of the
of $80,000 must remit all of their payments                                                                    amended form was requested by the FTB,
                                                       promissory note with the principal portion of the       use the fax number that was provided.
through EFT. The FTB will notify corporations          first installment payment, and pay the amount of

                                                                                                                Form 593 2008 (REV 05-09) Page 1
Whenever an amended Form 593 is provided             If the seller is an individual, enter the SSN           Conventional Sale or Transfer: Check this box
to the FTB, Copy B should also be provided           or ITIN. If the sellers are husband/RDP and             if the conventional sale or transfer represents
to each affected seller. Be sure to check the        wife/RDP and plan to file a joint return, enter the     the close of escrow for the real estate
“Amended” box at the top of the revised form.        name and SSN or ITIN for each spouse/RDP.               transaction. This sale or transfer does not
Amended forms can only be filed by the               Otherwise, do not enter information for more            contain any conditions such as an installment
withholding agent. If a seller notices an error,     than one seller. Instead, complete a separate           sale, boot, or failed exchange.
the seller should contact the withholding agent.     Form 593 for each seller.                               Installment Sale Payment: Check this box
                                                     If the seller is a grantor trust, enter the grantor’s   if you are withholding on either the principal
Instructions for Seller                              individual name and SSN or ITIN. Do not enter           portion of the first installment payment
                                                     the name of the grantor trust. The grantor              during escrow or on the principal portion of
This withholding of tax does not relieve you
                                                     trust is disregarded for tax purposes and the           a subsequent installment payment. Attach
from the requirement to file a California income
                                                     individual seller must report the sale and claim        a copy of the promissory note with the first
tax return and report the sale within three
                                                     the withholding on the individual’s tax return.         installment payment.
months and fifteen days (two months and
fifteen days for a corporation) after the close of   If the seller is a non-grantor trust, enter             Boot: Check this box if the seller intends to
your taxable year.                                   the name of the trust and the trust’s federal           complete a deferred exchange, but receives
                                                     employer identification number (FEIN). If the           boot (cash or cash equivalent) out of escrow.
You may be assessed penalties if:
                                                     trust has not applied for a FEIN, leave the             Failed Exchange: Check this box for any
• You do not file a tax return.                      identification number blank. Do not enter the           failed exchange, including if a failed deferred
• You file your tax return late.                     trustee information.                                    exchange had boot withheld upon in the
• The amount of withholding does not satisfy
                                                     If the seller is a single member disregarded            original relinquished property.
    your tax liability.
                                                     LLC, enter the name and identification number           Line 4 – Withholding Calculation
How to Claim the Withholding                         of the single member.                                   Check one box that represents the method to
To claim the withholding credit, report the          For all other non-individual sellers, enter the         be used to calculate the withholding amount
sale or transfer as required and enter the           FEIN or California corporation number.                  on line 5. Either the Total Sales Price Method
amount from line 5 on the line for real estate       Enter the address (or parcel number and                 (31/3% of the sale price) or the Optional Gain
or nonresident withholding on your tax return.       county) of the CA real property transferred.            on Sale Election based on the applicable tax
Attach Form(s) 593, Copy B, to the lower front                                                               rate as applied to the gain on sale. Check only
                                                     Conventional Sale or Transfer and Installment           one box, A-G.
of your California tax return. Make a copy for       Sales: Enter the address (parcel number and
your records.                                        county) of the transferred property.                    Line 5 – Amount Withheld
If withholding was done for a failed exchange                                                                Enter the amount withheld from this
                                                     Exchanges: Enter the address of the                     transaction or installment payment based
or on boot in the year following the year the        relinquished property.
property was sold, the withholding is shown                                                                  upon the appropriate calculation for either the
                                                                                                             Total Sales Price or the Optional Gain on Sale
as a credit for the taxable year the withholding     Part II – Escrow or Exchange                            Election, below.
occurred since you qualify for installment sale
reporting. If you elect to report the gain in the
                                                     Information
year the property was sold, instead of in the
                                                                                                             Withholding Amount Using Total
                                                     Line 1 – Escrow or Exchange Number
year you received the payment, contact the FTB       Enter the escrow or exchange number for the             Sales Price
at 888.792.4900 prior to filing your California      property transferred.                                   Conventional Sale or Transfer:
tax return for instructions to have the credit       Line 2 – Date of Transfer, Exchange                     a. Total Sales Price . . . . . . . . . .$__________
transferred to the prior year.                       Completion, Exchange Failure, or Installment            b. Enter the seller’s
                                                     Payment                                                     ownership percentage . . . . . . _ _ _ ._ _%
Specific Instructions                                Conventional Sale or Transfer: Enter the date           c. Amount Subject to Withholding.
Part I – Withholding Agent                           escrow closed.                                              Multiply line a by line b and
Enter the name, mailing address, and                 Installment Sales: For withholding on first                 enter the result . . . . . . . . . .$__________
identification number of the withholding             installment payment, enter the date escrow              d. Withholding Amount. Multiply
agent (payer/sender). Enter the SSN or ITIN          closed. For withholding on the principal portion            line c by 31/3% (.0333) and
only when the buyer, who is an individual, is        of each installment payment, enter the date of              enter the result here and on
sending the withholding payment. Include             the installment payment.                                    Form 593, line 5 . . . . . . . . . .$__________
the Private Mail Box (PMB) in the address            Exchanges: For completed exchanges, enter               Installment Sales:
field. Write “PMB” first, then the box number.       the date that the boot (cash or cash equivalent)
                                                     was distributed to the exchanger. For failed            a. Amount Subject to Withholding.
Example: 111 Main Street PMB 123.
                                                     exchanges, enter the date when it was                       If you are withholding on the first
Seller or Transferor                                 determined that the exchange would not meet                 installment payment in escrow,
                                                     the deferred exchange requirements and any                  enter the required amount of the
Enter the name, mailing address, and                                                                             first installment payment. If you
identification number of the seller or transferor    cash was distributed to the seller.
                                                                                                                 are withholding on subsequent
Include the Private Mail Box (PMB) in the            When withholding on boot or a failed                        installment payments, enter
address field. Write “PMB” first, then the box       exchange, be sure to use the forms for the year             the principal portion of the
number. Example: 111 Main Street PMB 123.            that you entered on line 2 (rather than the year            payment . . . . . . . . . . . . . . . .$__________
If the seller has applied for an identification      of the sale), since the seller will be able to use
number, but it has not been received, enter,         installment sale reporting for the gain.                b. Withholding Amount. Multiply
“Applied For” in the space for the seller’s ID                                                                   line a by 31/3% (.0333) and
                                                     Line 3 – Type of Transaction                                enter the result here and on
and attach a copy of the federal application         Check one box that represents the type of real
behind Form 593.                                                                                                 Form 593, line 5 . . . . . . . . . .$__________
                                                     estate transaction for which the withholding is
                                                     being calculated.


Page 2 Form 593 2008
Exchanges:                                                 Installment Withholding Percent                                  Part III - Perjury Statement
a. Amount Subject to Withholding.                          Complete this calculation for the Installment
                                                                                                                            Complete the Seller’s and Preparer’s
    For completed deferred                                 Withholding Percent that will be applied to
                                                                                                                            information. A signature is only required if the
    exchanges, enter the amount                            all installment payments, including the first
                                                                                                                            Optional Gain On Sale Election method is used.
    of boot (cash or cash                                  installment payment received during escrow.
    equivalent) received by                                If withholding on the principal portion of each                  Preparer’s Name and title/Escrow Business
    the seller. . . . . . . . . . . . . . . .$__________   installment payment, the seller must provide                     Name
                                                           the buyer with the Installment Withholding                       Provide the preparer’s or Title/Escrow’s name
b. Withholding Amount. Multiply                            Percent to be included on Form 593-I,                            and phone number.
    line a by 31/3% (.0333) and                            Real Estate Withholding Installment Sale
    enter the result here and on                           Acknowledgement. If withholding on the first                     Additional Information
    Form 593, line 5 . . . . . . . . . .$__________        installment payment is received during escrow,                   For more information on real estate
Failed Exchanges:                                          then compute the percent as follows:                             withholding, get FTB Pub. 1016, Real
a. Total Sales Price. If a deferred                        a. Gain on Sale from                                             Estate Withholding Guidelines. To get a
    exchange is not completed or                                 Form 593-E, line 16 . . . . . . .$__________               withholding form or publication, or to speak
    does not meet the deferred                                                                                              to a representative, contact our Withholding
                                                           b. Selling Price from                                            Services and Compliance’s automated
    requirements, enter the total                                Form 593-E, line 1 . . . . . . . .$__________
    sales price . . . . . . . . . . . . . .$__________                                                                      telephone service at:
                                                           c. Installment Withholding                                          888.792.4900, or
b. Ownership Percentage. If                                      Percent, divide line a by
    multiple transferors attempted                                                                                             916.845.4900 (not toll-free)
                                                                 line b . . . . . . . . . . . . . . . . . . . _ _ _ ._ _%      FAX 916.845.9512
    to exchange this property,
    enter this seller’s ownership                          With the principal portion of the first                          OR write to:
    percentage. Otherwise,                                 installment payment, attach a copy of the
                                                           promissory note to Form 593, Copy A.                                WITHHOLDING SERVICES AND
    enter 100.00% . . . . . . . . . . . . _ _ _ ._ _%
                                                                                                                               COMPLIANCE
c. Amount Subject to                                       Exchanges:                                                          FRANCHISE TAX BOARD
    Withholding. Multiply                                  a. Boot Amount. Not to                                              PO BOX 942867
    line a by line b . . . . . . . . . . .$__________            exceed recognized gain . . . .$__________                     SACRAMENTO CA 94267-0651
d. Withholding Amount. Multiply                            b. Withholding Amount. Multiply                                  For information on requirements to file a
    line c by 31/3% (.0333) and                                  line a by the applicable tax                               California tax return or to get forms call:
    enter the result here and                                    rate* and enter the result                                 From within the
    on Form 593, line 5 . . . . . . .$__________                 here and on Form 593,                                         United States. . . . . . . . . . . . . . 800.852.5711
                                                                 line 5 . . . . . . . . . . . . . . . . . .$__________
Withholding Amount Using                                   Failed Exchanges:
                                                                                                                            From outside the
Optional Gain on Sale Election                                                                                                 United States. . . . . . . . . . . . . . 916.845.6500
                                                           a. Gain on Sale from                                                                                            (not toll-free)
Conventional Sale or Transfer: Enter the                         Form 593-E, line 16 . . . . . . .$__________
amount from Form 593-E, Real Estate                                                                                         You can download, view, and print California
                                                           b. Ownership Percentage. If                                      tax forms and publications from our website at
Withholding – Computation of Estimated Gain                      multiple transferors attempted
or Loss, line 17 on Form 593, line 5.                                                                                       ftb.ca.gov.
                                                                 to exchange this property,                                 OR to get forms by mail, write to:
Installment Sales: The Installment                               enter this seller’s ownership
Withholding Percent is applied to the principal                  percentage. Otherwise,                                        TAX FORMS REQUEST UNIT
portion of all installment payments, including                   enter 100.00% . . . . . . . . . . . . _ _ _ ._ _%             FRANCHISE TAX BOARD
the first installment payment received during                                                                                  PO BOX 307
                                                           c. Amount Subject to                                                RANCHO CORDOVA CA 95741-0307
escrow to determine the gain on sale. The                        Withholding. Multiply
gain on sale is then multiplied by the seller’s                  line a by line b . . . . . . . . . . .$__________          Assistance for Persons with Disabilities
applicable tax rate to determine the withholding                                                                            We comply with the Americans with Disabilities
amount.                                                    d. Withholding Amount. Multiply                                  Act. Persons with hearing or speech
                                                                 line c by the applicable tax                               impairments please call:
You must complete the calculation under                          rate* and enter the result here
Installment Withholding Percent first, in the                    and on Form 593, line 5 . . . .$__________                 TTY/TDD . . . . . . . . . . . . . . . . . . 800.822.6268
next column, to determine the withholding
                                                           If a failed deferred exchange had boot withheld                  Asistencia Telefonica y en el Internet
percentage needed to complete the withholding
                                                           upon in the original relinquished property,                      Dentro de los Estados Unidos,
amount in item c.
                                                           reduce the Withholding Amount by the amount                         llame al . . . . . . . . . . . . . . . . . 800.852.5711
a. Installment Payment. . . . . . .$__________             previously remitted to the FTB.                                  Fuera de los Estados Unidos,
b. Gain on Sale, multiply line a by                        *Tax Rates                                                          llame al . . . . . . . . . . . . . . . . . 916.845.6500
     the Installment Withholding                           Individual 9.55%                                                                                             (cargos aplican)
     Percent (calculated in the                            Non-California Partnership 9.55%                                 Sitio web ftb.ca.gov
     next column) . . . . . . . . . . . .$__________       Corporation 8.84%                                                Asistencia para Personas Discapacitadas
c. Withholding Amount. Multiply                            Bank and Financial Corporation 10.84%                            Nosotros estamos en conformidad con el Acta
     line b by the applicable tax                          S Corporation 11.05%                                             de Americanos Discapacitados. Personas con
     rate* and enter the result here                       Financial S Corporation 13.05%                                   problemas auditivos o de habla pueden llamar
     and on Form 593, line 5 . . . .$__________
                                                                                                                            al TTY/TDD 800.822.6268.




                                                                                                                                 Form 593 2008 (REV 05-09) Page 3

				
DOCUMENT INFO
Description: Sacramento Real Estate Tax document sample