Instructions For Form Ftb 4800 - Franchise Tax Board - State Of California (Page 2 of 3) in pdf

If you have 250 or more returns, you must provide the information on magnetic media. See the

Magnetic Media Transmittal and instructions on page 3.

• We will accept IBM compatible cartridges in addition to reel tapes and diskettes.

• Submit either 3.5” or 5.25” diskettes formatted on an MS-DOS/PC-DOS operating system.

Files should be in standard ASCII code. ZIP files are acceptable if correctly formatted.

If you have fewer than 250 returns, you must provide the information on either magnetic media

or paper. For paper filing, use the Hard Copy Reporting Form provided on page 5 to submit all of

the following:

• For all returns submitted, include the social security number, name, address, interest or

interest dividend earned and the customer account number. For bonds also provide the CUSIP

number of the bond and a description. For mutual funds provide the CUSIP number of the fund

and the percentage of mutual fund portfolio income distribution attributable to bonds issued by

California, Puerto Rico, Guam, and the Virgin Islands (rounded to the nearest whole number).

• Make additional copies of the Hardcopy Reporting Form as necessary.

The due date for furnishing the information returns for payments of interest or interest-dividends

made during 2000 is June 1, 2001. Please provide this information separately from other

interest or dividend information returns (generally due annually on February 28).

If you have no payments to report for tax year 2000 you do not need to respond to this

notice.

For assistance with reporting information on magnetic media or paper, contact the Franchise Tax

Board Magnetic Media Office at (916) 845-3778. If you have other questions regarding this

reporting requirement, call (916) 845-6660.

Please note the following modifications to the IRS Publication 1220 specifications:

BONDS

• Use 1099-B format to record earnings on each state or local government bond. Report the

income as if it were taxable for federal purposes. Note: A return is due for each bond on which

interest was paid.

• Enter payment amounts in positions 55-66 of the payee “B” record. Right-justify, zero-fill.

• Enter both the CUSIP number and security name on the record. Enter the CUSIP number in

position 556-568. Left-justify, blank-fill.

• Enter the issuer or security name in positions 569-607. Left-justify, blank-fill.

FUNDS

• Use 1099-B format to record earnings from mutual funds, money market funds, and unit

investment trusts. Report the income as if it were taxable for federal purposes.

• Use a separate “A” record for each fund reported. Use positions 40 - 42 of the “A” record to

report the percentage of mutual fund portfolio income distribution attributable to bonds issued

by California, Puerto Rico, Guam and the Virgin Islands, rounded to the nearest whole number

– e.g., 25.4% would be reported as 025. 25.5% would be reported as 026.

• Enter payment amounts in positions 55-66 of the payee “B” record. Right-justify, zero-fill.

FTB 4800 (REV 12-2000) PAGE 2

Instructions For Form Ftb 4800 - Franchise Tax Board - State Of California Page 2