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.
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.