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Generating Form 592-B nonresidential withholding tax statement in ProConnect Tax

by Intuit•2• Updated 10 months ago

In order to generate Form 592-B in ProConnect Tax, follow the steps below for the return-type respective to your client's filing needs.

To generate Form 592-B in the Partnership module:

From Schedule K-1, go to Schedule K-1 Miscellaneous.
Select the appropriate Partner from the left navigation panel.
Scroll down to the California Nonresident Withholding Tax Statement (Form 592-B) section.
Enter Income Subject to Withholding for each applicable quarter.
Enter Amounts Withheld for each applicable quarter.

Note: If Form 592-B is not generating after completing the above steps:

Go to California Schedule K.
Remove any entry in Total Withholding [O], under the Credits section.

To generate Form 592-B in the S Corporation module:

Go to California Schedule K-1.
Select the appropriate Shareholder from the left navigation panel.
Scroll down to the Nonresident Withholding Tax Statement (Form 592-B) section.
Enter the appropriate Income for each quarter.
Enter the appropriate Withholding for each quarter.

Note: If Form 592-B is not generating:

Go to California Nonresident W/H - Form 592.
Remove the entry in Suppress: 1 = Form 592, 2 = Form 592-B, 3 = both.

When filing Form 592, the withholding agent is no longer required to submit a Form 592-B to the FTB for each payee. Withholding agents must provide the recipients with paper Forms 592-B showing the total amount withheld for the year for their individual returns.

Form 592 Qtrly (Quarterly Nonresident Withholding Statement) is used to remit withholding payments during the year.

Form 592-A (Foreign Partner or Member Quarterly Withholding Remittance Statement) for foreign partner payments.

Distribution of Form 592-B:

Copy A - Retained by withholding agent.
Copy B - Provide to the recipient to file with their state return.

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