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Real Estate Withholding Certificate 593-C - California

Real Estate Withholding Certificate Form. This is a California form and can be used in Franchise Tax Board Statewide .
 Fillable pdf Last Modified 12/9/2013
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YEAR CALIFORNIA FORM 2013 Name Real Estate Withholding Certificate SSN or ITIN 593-C Return this form to your escrow company. Spouse's/RDP's SSN or ITIN (if jointly owned) Part I ­ Seller's Information Spouse's/RDP's name (if jointly owned) Address (suite, room, PO Box, or PMB no.) City State ZIP Code FEIN CA Corp no. CA SOS file no. - - - Ownership percentage % Property address (if no street address, provide parcel number and county) To determine whether you qualify for a full or partial withholding exemption, check all boxes that apply to the property being sold or transferred. (See instructions) Part II ­ Certifications which fully exempt the sale from withholding: 1. 2. 3. 4. 5. 6. 7. (IRC) Section 121 . The property qualifies as the seller's (or decedent's, if sold by the decedent's estate) principal residence within the meaning of Internal Revenue Code The seller (or decedent, if sold by the decedent's estate) last used the property as the seller's (decedent's) principal residence within the meaning of The seller has a loss or zero gain for California income tax purposes on this sale . To check this box you must complete Form 593-E, Real Estate The property is being compulsorily or involuntarily converted and the seller intends to acquire property that is similar or related in service or use to qualify for The transfer qualifies for nonrecognition treatment under IRC Section 351 (transfer to a corporation controlled by the transferor) or IRC Section 721 (contribution The seller is a corporation (or a limited liability company (LLC) classified as a corporation for federal and California income tax purposes) that is either qualified through the California Secretary of State (SOS) or has a permanent place of business in California . The seller is a California partnership or a partnership qualified to do business in California (or an LLC that is classified as a partnership for federal and California income tax purposes and is not a single member LLC that is disregarded for federal and California income tax purposes) . If this box is checked, the partnership or LLC must still withhold on nonresident partners or members . The seller is a tax-exempt entity under California or federal law . The seller is an insurance company, individual retirement account, qualified pension/profit sharing plan, or charitable remainder trust . to a partnership in exchange for a partnership interest) . nonrecognition of gain for California income tax purposes under IRC Section 1033 . Witholding-Computation of Estimated Gain or Loss, and have a loss or zero gain on line 16 . IRC Section 121 without regard to the two-year time period . 8. 9. Part III ­ Certifications that may partially or fully exempt the sale from withholding: Real Estate Escrow Person (REEP): See instructions for amounts to withhold . 10. The transfer qualifies as a simultaneous like-kind exchange within the meaning of IRC Section 1031 . 11. The transfer qualifies as a deferred like-kind exchange within the meaning of IRC Section 1031 . 12. The transfer of this property is an installment sale where the buyer is required to withhold on the principal portion of each installment payment . Copies of Form 593-I, Real Estate Withholding Installment Sale Acknowledgement, and the promissory note are attached . Part IV ­ Seller's Signature Under penalties of perjury, I hereby certify that the information provided above is, to the best of my knowledge, true and correct . If conditions change, I will promptly inform the withholding agent . I understand that the Franchise Tax Board may review relevant escrow documents to ensure withholding compliance and that completing this form does not exempt me from filing a California income or franchise tax return to report this sale . Seller's Name and Title ________________________________________ Seller's Signature ___________________________________ Date ___________________ Spouse's/RDP's Name_________________________________________ Spouse's/RDP's Signature ____________________________ Date ___________________ Please verify that the SSN or ITIN listed above in Part I of this form is correct. Seller: If you checked any box in Part II, you are exempt from real estate withholding . If you checked any box in Part III, you may qualify for a partial or complete withholding exemption . If you did not check any box in Part II or Part III, the withholding will be 31/3% ( .0333) of the total sales price or the optional gain on sale withholding amount certified by seller on Form 593, Real Estate Withholding Tax Statement . If you are withheld upon, the withholding agent should give you one copy of Form 593 . Attach a copy to the lower front of your California income tax return and make a copy for your records . Keep Form 593-C for five years following the close of the transaction . You must furnish the form to the Franchise Tax Board upon request . For Privacy Notice, get form FTB 1131. 7131133 Form 593-C C2 2012
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