This is not the time for Big Lazy BrandsHelge Tennø
What are the challenges for FMCG brands in today's post digital landscape? Especially, how does Digital Media facilitate good marketing opportunities in this age?
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
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Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
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A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
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Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
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1. TAXABLE YEAR CALIFORNIA FORM
593
Real Estate Withholding Tax Statement
2009
AMENDED: m FOR FRANCHISE
Copy A TAX BOARD
. 00
,
,
Part I Withholding Agent FTB Use Only: Total Payment Enclosed:
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 ____________________
MM / DD / YYYY
3. Type of Transaction (Check One Only): I
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 9.3% x Gain on Sale E m Bank and Financial Corp. 10.84% x Gain on Sale
C m Non-California Partnership 9.3% x Gain on Sale F m S Corporation 10.8% x Gain on Sale
D m Corporation 8.84% x Gain on Sale G m Financial S Corporation 12.8% 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 Spouse’s/RDP’s Signature: ________________________________________________ Date: ______________________
_
a
signature.
Preparer’s Name and Title/Escrow Business Name: Telephone Number:
( )
Form 593 C2 2008
7111083
For Privacy Notice, get form FTB 1131.
2. TAXABLE YEAR CALIFORNIA FORM
593
Real Estate Withholding Tax Statement
2009
This is important tax information and is being furnished to the Franchise Tax Board.
AMENDED: m FOR SELLER OR
Copy B
File this form with your California tax return. TRANSFEROR
. 00
,
,
Part I Withholding Agent FTB Use Only: Total Payment Enclosed:
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 ____________________
MM / DD / YYYY
3. Type of Transaction (Check One Only): I
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 9.3% x Gain on Sale E m Bank and Financial Corp. 10.84% x Gain on Sale
C m Non-California Partnership 9.3% x Gain on Sale F m S Corporation 10.8% x Gain on Sale
D m Corporation 8.84% x Gain on Sale G m Financial S Corporation 12.8% 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 Spouse’s/RDP’s Signature: ________________________________________________ Date: ______________________
_
a
signature.
Preparer’s Name and Title/Escrow Business Name: Telephone Number:
( )
Form 593 C2 2008
7111083
For Privacy Notice, get form FTB 1131.
3. TAXABLE YEAR CALIFORNIA FORM
593
Real Estate Withholding Tax Statement
2009
FOR WITHHOLDING
AMENDED: m Copy C AGENT’S RECORDS
. 00
,
,
Part I Withholding Agent FTB Use Only: Total Payment Enclosed:
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 ____________________
MM / DD / YYYY
3. Type of Transaction (Check One Only): I
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 9.3% x Gain on Sale E m Bank and Financial Corp. 10.84% x Gain on Sale
C m Non-California Partnership 9.3% x Gain on Sale F m S Corporation 10.8% x Gain on Sale
D m Corporation 8.84% x Gain on Sale G m Financial S Corporation 12.8% 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 Spouse’s/RDP’s Signature: ________________________________________________ Date: ______________________
_
a
signature.
Preparer’s Name and Title/Escrow Business Name: Telephone Number:
( )
Form 593 C2 2008
7111083
For Privacy Notice, get form FTB 1131.
4. Instructions for 593
Real Estate Withholding Tax Statement
What’s New participate on a voluntary basis may do so. For Mail Copy A of Form 593 and payment to:
more information, go to our website at FRANCHISE TAX BOARD
Withholding Rates – For taxable years ftb.ca.gov and search for EFT, call PO BOX 942867
beginning on or after January 1, 2009, 916.845.4025, or get FTB Pub. 3817, Electronic SACRAMENTO CA 94267-0651
Non-California Partnerships will be subject Funds Transfer Program Information Guide.
to withholding requirements on a sale of Distribute the other copies of Form 593
When remitting payments by EFT, mail Copy
California real property at a rate of 3 1/3% of as follows:
A of Form 593 to the following address:
sales proceeds or 9.3% of gain. The alternative • Copy B – Send to sellers within 20 days
withholding rates for the sale of California real FRANCHISE TAX BOARD following the end of the month in which the
property by S corporations will be increased to PO BOX 942867 transaction occurred.
10.8% and 12.8% for Financial S corporations. SACRAMENTO CA 94267-8888 • Copy C – Retained by withholding agent.
Installment Sales – For taxable years
A Purpose D Interest and Penalties
beginning on or after January 1, 2009, buyers
Use Form 593, Real Estate Withholding Tax
will be required to withhold on the principal Interest will be assessed on late withholding
Statement, to report real estate withholding on
portion of each installment payment if the sale payments and is computed from the due
sales closing in 2009, on installment payments
of California real property is structured as an date to the date paid. If the real estate
made in 2009, or on exchanges that were
installment sale. escrow person does not notify the buyer of
completed or failed in 2009. 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
withheld from each seller. If the sellers are required withholding.
Registered Domestic Partners (RDP) – RDPs
married or registered domestic partners (RDPs)
under California law must file their California If the buyer (after notification) or other
and they plan to file a joint return, include both
income tax returns using either the married/RDP withholding agent does not withhold, the
spouses/RDPs on the same Form 593.
filing jointly or married/RDP filing separately 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 If the withholding agent does not furnish
couples unless otherwise specified. 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 days after the due date, the penalty is $50 per
Identification Numbers – Check to see that the
filing jointly or married/RDP filing separately Form 593. If the failure is due to an intentional
withholding agent’s and seller’s identification
filing status. For more information on what disregard of the requirement, the penalty is
numbers are correct and listed in the same
states have legal unions that are considered the greater of $100 or 10% of the required
order as the names. If both a husband/RDP
substantially equivalent, go to our website at withholding.
and wife/RDP are listed, make sure both social
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 the end of the month in which the transaction
Trusts and Trustees – It is important to report
partner (RDP), unless otherwise specified. occurred, the penalty is $50 per Form 593. If
the correct name and identification number
When we use the initials RDP they refer to both the failure is due to an intentional disregard of
when title is held in the name of a trust. If
a California registered domestic “partner” and the requirement, the penalty is the greater of
the seller is a trust, see the Specific Line
a California registered domestic “partnership,” $100 or 10% of the required withholding.
Instructions on page 2 for Seller or Transferor.
as applicable. For more information on
Preparer’s Name and title/Escrow Business E Amending Form 593
RDPs, get FTB Pub. 737, Tax Information for
Name – Provide the preparer’s or Title/Escrow’s
Registered Domestic Partners. Do not file an amended Form 593 to cancel the
name and phone number.
Round Cents to Dollars withholding amount for a Form 593-C, Real
B Who Must File
Round cents to the nearest whole dollar. For 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 To amend Form 593:
of California real property during the calendar
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, • Check the “Amended” box at the top of the
Corporations that meet certain requirements or accommodator. Generally, the buyer will revised form.
must remit all of their payments through EFT only complete these forms when reporting the • Include a letter explaining what changes
rather than by paper checks to avoid the EFT withholding on installment payments. were made and why.
penalty. Corporations that remit an estimated • Fax the amended form and letter to our
C When and Where to File
tax payment or extension payment in excess of general fax number, 916.845.9512. If an
$20,000 or that have a total tax liability in excess amended form was requested by the FTB,
File Copy A of Form 593, attach a copy of the
of $80,000 must remit all of their payments use the fax number that was provided.
promissory note with the principal portion of the
through EFT. The FTB will notify corporations first installment payment, and pay the amount of Whenever an amended Form 593 is provided
that are subject to this requirement. Those that tax withheld within 20 days following the end of to the FTB, Copy B should also be provided
do not meet these requirements and wish to the month in which the transaction occurred.
Form 593 2008 Page 1
5. Conventional Sale or Transfer: Check this box
to each affected seller. Be sure to check the If the seller is an individual, enter the SSN
if the conventional sale or transfer represents
“Amended” box at the top of the revised form. or ITIN. If the sellers are husband/RDP and
the close of escrow for the real estate
wife/RDP and plan to file a joint return, enter the
Amended forms can only be filed by the
transaction. This sale or transfer does not
name and SSN or ITIN for each spouse/RDP.
withholding agent. If a seller notices an error,
contain any conditions such as an installment
Otherwise, do not enter information for more
the seller should contact the withholding agent.
sale, boot, or failed exchange.
than one seller. Instead, complete a separate
Form 593 for each seller.
Instructions for Seller Installment Sale Payment: Check this box
if you are withholding on either the principal
If the seller is a grantor trust, enter the grantor’s
This withholding of tax does not relieve you
portion of the first installment payment
individual name and SSN or ITIN. Do not enter
from the requirement to file a California income
during escrow or on the principal portion of
the name of the grantor trust. The grantor
tax return and report the sale within three
a subsequent installment payment. Attach
trust is disregarded for tax purposes and the
months and fifteen days (two months and
a copy of the promissory note with the first
individual seller must report the sale and claim
fifteen days for a corporation) after the close of
installment payment.
the withholding on the individual’s tax return.
your taxable year.
Boot: Check this box if the seller intends to
If the seller is a non-grantor trust, enter
You may be assessed penalties if:
complete a deferred exchange, but receives
the name of the trust and the trust’s federal
• You do not file a tax return. boot (cash or cash equivalent) out of escrow.
employer identification number (FEIN). If the
• You file your tax return late. trust has not applied for a FEIN, leave the Failed Exchange: Check this box for any
• The amount of withholding does not satisfy identification number blank. Do not enter the failed exchange, including if a failed deferred
your tax liability. trustee information. exchange had boot withheld upon in the
original relinquished property.
If the seller is a single member disregarded
How to Claim the Withholding
LLC, enter the name and identification number Line 4 – Withholding Calculation
To claim the withholding credit, report the of the single member. Check one box that represents the method to
sale or transfer as required and enter the
be used to calculate the withholding amount
For all other non-individual sellers, enter the
amount from line 5 on the line for real estate
on line 5. Either the Total Sales Price Method
FEIN or California corporation number.
or nonresident withholding on your tax return.
(31/3% of the sale price) or the Optional Gain
Enter the address (or parcel number and
Attach Form(s) 593, Copy B, to the lower front
on Sale Election based on the applicable tax
county) of the CA real property transferred.
of your California tax return. Make a copy for
rate as applied to the gain on sale. Check only
your records. Conventional Sale or Transfer and Installment one box, A-G.
Sales: Enter the address (parcel number and
If withholding was done for a failed exchange
Line 5 – Amount Withheld
county) of the transferred property.
or on boot in the year following the year the
Enter the amount withheld from this
property was sold, the withholding is shown Exchanges: Enter the address of the transaction or installment payment based
as a credit for the taxable year the withholding relinquished property. upon the appropriate calculation for either the
occurred since you qualify for installment sale
Total Sales Price or the Optional Gain on Sale
Part II – Escrow or Exchange
reporting. If you elect to report the gain in the
Election, below.
year the property was sold, instead of in the
Information
year you received the payment, contact the FTB
Withholding Amount Using Total
at 888.792.4900 prior to filing your California Line 1 – Escrow or Exchange Number
Sales Price
tax return for instructions to have the credit Enter the escrow or exchange number for the
transferred to the prior year. property transferred. Conventional Sale or Transfer:
Line 2 – Date of Transfer, Exchange a. Total Sales Price . . . . . . . . . .$__________
Specific Instructions Completion, Exchange Failure, or Installment b. Enter the seller’s
Payment ownership percentage . . . . . . _ _ _ ._ _%
Part I – Withholding Agent Conventional Sale or Transfer: Enter the date c. Amount Subject to Withholding.
Enter the name, mailing address, and escrow closed. Multiply line a by line b and
identification number of the withholding
Installment Sales: For withholding on first enter the result . . . . . . . . . .$__________
agent (payer/sender). Enter the SSN or ITIN
installment payment, enter the date escrow d. Withholding Amount. Multiply
only when the buyer, who is an individual, is
closed. For withholding on the principal portion line c by 31/3% (.0333) and
sending the withholding payment. Include
of each installment payment, enter the date of enter the result here and on
the Private Mail Box (PMB) in the address
the installment payment. Form 593, line 5 . . . . . . . . . .$__________
field. Write “PMB” first, then the box number.
Exchanges: For completed exchanges, enter
Example: 111 Main Street PMB 123. Installment Sales:
the date that the boot (cash or cash equivalent)
a. Amount Subject to Withholding.
Seller or Transferor was distributed to the exchanger. For failed
If you are withholding on the first
exchanges, enter the date when it was
Enter the name, mailing address, and installment payment in escrow,
determined that the exchange would not meet
identification number of the seller or transferor enter the required amount of the
the deferred exchange requirements and any
Include the Private Mail Box (PMB) in the first installment payment. If you
cash was distributed to the seller.
address field. Write “PMB” first, then the box are withholding on subsequent
When withholding on boot or a failed
number. Example: 111 Main Street PMB 123. installment payments, enter
exchange, be sure to use the forms for the year
If the seller has applied for an identification the principal portion of the
that you entered on line 2 (rather than the year
number, but it has not been received, enter, payment . . . . . . . . . . . . . . . .$__________
of the sale), since the seller will be able to use
“Applied For” in the space for the seller’s ID
b. Withholding Amount. Multiply
installment sale reporting for the gain.
and attach a copy of the federal application
line a by 31/3% (.0333) and
behind Form 593. Line 3 – Type of Transaction enter the result here and on
Check one box that represents the type of real Form 593, line 5 . . . . . . . . . .$__________
estate transaction for which the withholding is
being calculated.
Page 2 Form 593 2008
6. Part III - Perjury Statement
Exchanges: Installment Withholding Percent
Complete this calculation for the Installment
a. Amount Subject to Withholding. Complete the Seller’s and Preparer’s
Withholding Percent that will be applied to
For completed deferred information. A signature is only required if the
all installment payments, including the first
exchanges, enter the amount Optional Gain On Sale Election method is used.
installment payment received during escrow.
of boot (cash or cash
Preparer’s Name and title/Escrow Business
If withholding on the principal portion of each
equivalent) received by
Name
installment payment, the seller must provide
the seller. . . . . . . . . . . . . . . .$__________
Provide the preparer’s or Title/Escrow’s name
the buyer with the Installment Withholding
b. Withholding Amount. Multiply and phone number.
Percent to be included on Form 593-I,
line a by 31/3% (.0333) and Real Estate Withholding Installment Sale
Additional Information
enter the result here and on Acknowledgement. If withholding on the first
Form 593, line 5 . . . . . . . . . .$__________ 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
Estate Withholding Guidelines. To get a
a. Total Sales Price. If a deferred a. Gain on Sale from
withholding form or publication, or to speak
exchange is not completed or Form 593-E, line 16 . . . . . . .$__________
to a representative, contact our Withholding
does not meet the deferred b. Selling Price from Services and Compliance’s automated
requirements, enter the total Form 593-E, line 1 . . . . . . . .$__________ telephone service at:
sales price . . . . . . . . . . . . . .$__________
c. Installment Withholding 888.792.4900, or
b. Ownership Percentage. If Percent, divide line a by 916.845.4900 (not toll-free)
multiple transferors attempted line b . . . . . . . . . . . . . . . . . . . _ _ _ ._ _% FAX 916.845.9512
to exchange this property,
With the principal portion of the first
enter this seller’s ownership OR write to:
installment payment, attach a copy of the
percentage. Otherwise,
WITHHOLDING SERVICES AND
promissory note to Form 593, Copy A.
enter 100.00% . . . . . . . . . . . . _ _ _ ._ _%
COMPLIANCE
Exchanges:
c. Amount Subject to FRANCHISE TAX BOARD
Withholding. Multiply a. Boot Amount. Not to PO BOX 942867
line a by line b . . . . . . . . . . .$__________ 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 . . . . . . . . . . . . . . . . . .$__________
Withholding Amount Using From outside the
Failed Exchanges: United States. . . . . . . . . . . . . . 916.845.6500
Optional Gain on Sale Election a. Gain on Sale from (not toll-free)
Conventional Sale or Transfer: Enter the Form 593-E, line 16 . . . . . . .$__________ You can download, view, and print California
amount from Form 593-E, Real Estate b. Ownership Percentage. If tax forms and publications from our website at
Withholding – Computation of Estimated Gain multiple transferors attempted ftb.ca.gov.
or Loss, line 17 on Form 593, line 5. to exchange this property, OR to get forms by mail, write to:
Installment Sales: The Installment enter this seller’s ownership
TAX FORMS REQUEST UNIT
Withholding Percent is applied to the principal percentage. Otherwise,
FRANCHISE TAX BOARD
portion of all installment payments, including enter 100.00% . . . . . . . . . . . . _ _ _ ._ _%
PO BOX 307
the first installment payment received during 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 Assistance for Persons with Disabilities
line a by line b . . . . . . . . . . .$__________
applicable tax rate to determine the withholding We comply with the Americans with Disabilities
d. Withholding Amount. Multiply
amount. Act. Persons with hearing or speech
line c by the applicable tax impairments please call:
You must complete the calculation under rate* and enter the result here
Installment Withholding Percent first, in the TTY/TDD . . . . . . . . . . . . . . . . . . 800.822.6268
and on Form 593, line 5 . . . .$__________
next column, to determine the withholding
Asistencia Telefonica y en el Internet
If a failed deferred exchange had boot withheld
percentage needed to complete the withholding
Dentro de los Estados Unidos,
upon in the original relinquished property,
amount in item c.
llame al . . . . . . . . . . . . . . . . . 800.852.5711
reduce the Withholding Amount by the amount
a. Installment Payment. . . . . . .$__________ previously remitted to the FTB. Fuera de los Estados Unidos,
b. Gain on Sale, multiply line a by llame al . . . . . . . . . . . . . . . . . 916.845.6500
*Tax Rates
the Installment Withholding (cargos aplican)
Individual 9.3%
Percent (calculated in the Non-California Partnership 9.3% Sitio web ftb.ca.gov
next column) . . . . . . . . . . . .$__________ 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 10.8% de Americanos Discapacitados. Personas con
rate* and enter the result here Financial S Corporation 12.8% problemas auditivos o de habla pueden llamar
and on Form 593, line 5 . . . .$__________
al TTY/TDD 800.822.6268.
Form 593 2008 Page 3