California FTB Releases Form 590 Concerning Withholding Exemption Certificate

The California Franchise Tax Board (FTB) March 1 released Form 590 concerning withholding exemption certificate. The FTB requires taxpayers to provide: 1) withholding agent information; 2) payee information; 3) exemption reason; and 4) certificate of payee. Under exemption reason, taxpayers are required to choose the appropriate box to input relevant information for the exemption from the California income tax withholding requirements on payments made to an entity or individual. [Cal. Franchise Tax Bd., Form 590 Withholding Exemption Certificate, 03/01/19]

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