California Information Return, Foreign Partner Statement Due Date Change


This article is reproduced with permission from Spidell Publishing, Inc.

Beginning with the 2017 filing season, the due date to file the following foreign (non-U.S.) partner withholding statements and information returns is now the 15th day of the third month following the close of their taxable year (March 15 for calendar-year taxpayers) for foreign (non-U.S.) partnerships or limited liabilities companies (LLCs) taxed as partnerships. Specifically, this affects:

  • Franchise Tax Board (FTB) Form 592-B, Resident and Nonresident Withholding Tax Statement, to foreign (non-U.S.) partners or members; and
  • FTB Form 592-F, Foreign Partner or Member Annual Return.

Previously, the Forms 592-B and 592-F were required to be filed the 15th day of the 4th month (April 15 for calendar-year taxpayers). If all of the partners/members are foreign, then the due date remains the 15th day of the 6th month following the close of the taxable year (June 15 for calendar-year taxpayers).

Payment
Although the filing due dates have changed, the due dates to remit the withholding payments remain the same. The due dates to file Form 592-A, Payment Voucher for Foreign Partner or Member Withholding, with the withholding payments are the 15th day of the 4th, 6th, 9th, and 12th months of the partnership’s or LLC’s taxable year.

Domestic partner statements
The due date to provide Form 592-B to domestic nonresident partners/ members has not changed. These must be provided by January 31 following the close of the calendar year (February 15 for brokers).

For more information about this article, please contact our tax professionals at taxalerts@windes.com or toll free at 844.4WINDES (844.494.6337).