Skip to main content

Legal

Tax & Accounting

Trade & Supply

Risk & Fraud

News & Media

Books

Developers

Help articles

Withholding scenarios

If the same California withholding is reported to the taxpayer via Form 1099-MISC and via Form 592-B, the preparer needs to decide which form to use for the purposes of reconciling the California electronic record. Based on the data entry of California withholding on the federal screens, the simpler approach is to report the withholding via Form 1099-MISC. However, the California Franchise Tax Board has noted that the California electronic record captures much of the detail of Form 592-B, but captures very little detail from Form 1099-MISC.

Approach 1: 1099-MISC

UltraTax CS creates a unit of the CAOthWH screen in the Payments folder for each occurrence of California withholding entered on the federal St Pmt, B&D, Income, 1099-M, C, Rent, F, and 4835 screens. To report the withholding as attributable to 1099-MISC, select
1099MISC
 from the dropdown in the
Alternate Form code
 field on the CAOthWH screen. Also enter the
CA
 postal code and
Withholding
 amount on the screen. Don't enter any information from Form 592-B on the return.

Approach 2: Form 592-B

To report the withholding as attributable to Form 592-B, enter complete information on the CA592B screen, including the withholding amount. On the CAOthWH screen, make sure the
Alternate Form code
 field is clear. When that field is clear, no information from that unit of the CAOthWH screen is included in the electronic record.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close