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Is the escrow officer responsible for processing Forms 592 and 592-B?

April 26, 2017escrow forms officer responsible

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Is the escrow officer responsible for processing Forms 592 and 592-B?

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No. Generally, the real estate escrow person processes Form 593. When a pass-through entity is a recipient of Form 593 and the withholding credit must “flow-through”, the withholding credit is allocated using Forms 592 and 592-B. See Publication 1017, Resident and Nonresident Withholding Guidelines, for more information.