Is the real estate escrow person responsible for processing Forms 592 and 592-B?
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 needs to “flow-through,” use Forms 592 and 592-B to allocate the withholding credit. See Publication 1017, Resident and Nonresident Withholding Guidelines, for more information.
Related Questions
- Is the real estate escrow agent responsible to verify any of the amounts shown on the department forms filled out by the transferor?
- Is the real estate escrow person responsible to verify any of the amounts shown on the department forms?
- Is the real estate escrow person responsible for processing Forms 592 and 592-B?
