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Form Ftb 4800 - Interest And Interest-Dividend Payment Reporting Requirement Letter - 2007 Page 2

INTEREST AND INTEREST-DIVIDEND INFORMATIONAL RETURNS

The due date for furnishing information returns for payments of interest or interest-dividends made during 2007

is June 1, 2008. Please provide this information separately from other interest or dividend information returns

(generally due annually on February 28).

For assistance with creating your data file, see our Technical Assistance information on page 4.

250 or More Returns

If you have 250 or more returns, you must provide the information on cartridge, diskette, or CD. See the

transmittal and instructions on pages 3 and 4.

We will accept IBM compatible cartridges, diskettes, and compact disks.

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3.5 diskettes must be formatted on an MS-DOS/PC-DOS operating system. Files should be in standard

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ASCII code. ZIP files are acceptable if correctly formatted.

Fewer Than 250 Returns

If you have fewer than 250 returns, you must provide the information on either a data file or paper. For paper

filing, use the Hard Copy Reporting Form provided on page 5.

Make additional copies of the Hard Copy Reporting Form as necessary.

MODIFICATIONS TO IRS PUBLICATION 1220 SPECIFICATIONS

The format specifications for reporting interest and interest-dividend payments to the Franchise Tax Board

are similar to the IRS specifications for 1099-B reporting in IRS Publication 1220. Exceptions to the IRS

specifications for bonds and funds are listed below:

Bonds

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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.

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Enter the CUSIP number in positions 556-568. Left-justify, blank-fill.

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

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Funds

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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.

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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.

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Enter the CUSIP number of the fund in positions 556-568. Left-justify, blank-fill.

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FTB 4800 (REV 12-2007) PAGE 2

Form Ftb 4800 - Interest And Interest-Dividend Payment Reporting Requirement Letter - 2007 Page 2

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