Generating Form 592-B Nonresident Withholding Tax Statement in Lacerte

How do I generate Form 592-B in the Partnership and S Corporation modules?

Solution:

To generate Form 592-B in the Partnership module:

1. Go to Screen 32, Partner Miscellaneous Info.
2. Select the appropriate Partner from the left navigation panel.
3. Scroll down to the California Nonresident Withholding Tax Statement (Form 592-B) section.
4. Enter Income Subject to Withholding for each applicable quarter.
5. Enter Amounts Withheld for each applicable quarter.

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

1. Go to Screen 38.011, California Schedule K. 
2. Remove any entry in Total Withholding [O], under the Credits section.

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

1. Go to Screen 46.011, California Schedule K-1.
2. Select the appropriate Shareholder from the left navigation panel.
3. Scroll down to the Nonresident Withholding Tax Statement (Form 592-B) section.
4. Enter the appropriate Income for each quarter.
5. Enter the appropriate Withholding for each quarter.

Note: If Form 592-B is not generating:

1. Go to Screen 49.012, California Nonresident W/H - Form 592.
2. 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.