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California Franchise Tax Board Form 592 for Nonresident Tax Withholding - Reporting in Exact Numbers

edited Dec 20, 2016 4:04AM in Financial Management - PSFT (MOSC) 2 commentsAnswered
Greetings,

I am really hoping someone can help me with the following California Franchise Tax Board issue as we work to go live with PeopleSoft FSCM very soon.

How are California PeopleSoft users meeting the requirement to report exact numbers given the State of California Franchise Tax Board Form 592 for Nonresident Tax Withholding for services requires amounts to be declared or reported in exact numbers. Withheld amounts are stored and submitted quarterly to the State. Currently PeopleSoft is designed to round to the nearest dollar versus reporting exact numbers.

Is there a work around with FTB or is anyone using a PeopleSoft customization to meet this need?

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