Form 592-A - Installment Payment Worksheet - Sacramento - California Page 3
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Installment Payment Worksheet
for Foreign Partner or Member Withholding
(Keep for your records. Do not send to the Franchise Tax Board.)
Complete only if the partnership or limited liability company (LLC) has foreign (non-U.S.) partners or members.
(a)
(b)
(c)
(d)
Caution: Complete column (a) before going to the next column .
1st Installment
2nd Installment
3rd Installment 4th Installment
First 3 months
First 6 months
First 9 months
Enter the partnership’s or LLC’s California source taxable income for
each period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Annualization amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
4
2
1 .33333
3 Multiply line 1 by line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
First 3 months
First 5 months
First 8 months First 11 months
4 Enter the partnership’s or LLC’s California source taxable income for each period
4
5 Annualization amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
4
2 .4
1 .5
1 .09091
6 Multiply line 4 by line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7 Annualized California source taxable income . In column (a), enter the
amount from line 6, column (a) . In columns (b), (c), and (d) enter the
smaller of the amounts from line 3 or line 6 in each column . . . . . . . . . . . . . . .
7
8 Foreign partner’s or member’s share of line 7 (annualized California source
taxable income) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
9 Multiply line 8 by maximum tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
0 Applicable percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
0
23 .75%
47 .5%
71 .25%
95%
Multiply line 9 by the percentage on line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
zero
2 (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2(a)
(b) Enter the amount from line 13, column (a) . . . . . . . . . . . . . . . . . . . . . . . . . .
2(b)
(c) Enter the sum of line 13, column (a) and line 13, column (b) . . . . . . . . . . . .
2(c)
(d) Enter the sum of line 13, column (a); line 13, column (b);
and line 13, column (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2(d)
3 Installment payments of withholding tax due for foreign partners or
members . Subtract line 12 from line 11 . If less than zero, enter -0- . . . . . . . . . .
3
Note – Using this installment payment worksheet and timely paying the
plying the partner’s or member’s share of California source taxable income
calculated amounts protects you from penalties for underpayment . However,
for the quarter by the maximum tax rate (currently, 8 .84% for corporations,
you may still need to make a fifth payment with Form 592, Nonresident With-
10 .84% for banks and financial institutions, and 9 .3% for all others) instead
holding Annual Return, after the end of the year . If you know exactly what the
of using this worksheet .
foreign partner’s or member’s share of California source partnership or LLC
income is for the quarter, you can calculate the quarterly payment by multi-
Form 592-A Instructions 2006 Page 3
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