California FTB Releases Income Tax Form 590-P, Nonresident Withholding Exemption Certificate for Previously Reported Income

The California Franchise Tax Board June 1 released Form 590-P, Nonresident Withholding Exemption Certificate for Previously Reported Income, with instructions, for individual income tax purposes. The form requires taxpayers to include the withholding agent and payee information. The instructions include: 1) general information and instructions for withholding agents and payees who are subject to withholding of income or franchise tax, including S corporations, partnerships, or limited liability companies; 2) the specific information on the exemption; and 3) additional information. [Cal. Franchise Tax Bd., Form 590-P, Instructions, 06/01/23]

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