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Changes to 2010 Forms

Updates to the 2010 Form 593-I Updates on 11/04/2010 –– Real Estate Withholding Installment Sale Acknowledgment

We replaced text on the Form 593-I Instructions on Page 1, in Column 1, General Information, Installment Sales.

Previous Version

For taxable years beginning on or after January 1, 2009, buyers are required to withhold on the principal portion of each installment payment if the sale of California real property is structured as an installment sale.

Revised Version

For installment sales occurring on or after January 1, 2009, buyers are required to withhold on the principal portion of each installment payment if the sale of California real property is structured as an installment sale.

Reason for the changes

AB 3078 was chaptered on 09/28/2008 and amended R&TC Section 18662(i)(1) regarding installment sales. This revision will make the installment sales paragraph in agreement with the language in AB 3078.

Impact

There is no tax impact.


Updates to the 2010 Form 593-I Updates on 06/15/2010 –– Real Estate Withholding Installment Sale Acknowledgment

We replaced text on the Form 593-I Instructions on Page 2, Column 2, Additional Information, Toll-free phone number.

Previous Version

888.792.4000

Revised Version

888.792.4900

Reason for the changes

To correct a typo in the toll-free phone number.

Impact

There is no tax impact.

Back to Tax Form Changes for 2010