Form Ftb 4800 - Interest And Interest-Dividend Payment Reporting Requirement Letter (Page 2 of 4) in pdf

Interest and Interest-Dividend Information Returns

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

during the 2013 tax year is June 1, 2014. Provide this information to FTB separately from the other

interest or interest-dividend information returns that are due by February 28, 2014.

For assistance with creating your data file, see the Customer Service Assistance information on

PAGE 4.

You can submit the files electronically using Secure Web Internet File Transfer (SWIFT). To set up a

new SWIFT account for bond interest, email your request to bondintswift@ftb.ca.gov and provide

the following information to create your new account:

1. Company name and address

2. Business contact (name, email address, and telephone)

3. Technical contact (name, email address, and telephone)

The SWIFT account that you set up for bond interest is separate from the SWIFT account that you set

up for your other 1099 files.

We also accept CDs. For larger files, we accept ZIP files that are correctly formatted.

Modifications to Internal Revenue Service (IRS) Publication 1220 Specifications

The format specifications for reporting interest and interest-dividend payments to FTB are similar to

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

bonds and funds are listed below:

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. 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 the required Committee on Uniform Security Identification Procedure (CUSIP) number in

positions 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 44-46 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 percent would be reported as 025; 25.5 percent would be reported as 026; 99.5

percent would be reported as 100).

● Enter payment amounts in positions 55-66 of the payee "B" record. Right-justify, zero-fill.

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

111111000000

FTB 4800 (REV 12-2013) C1 PAGE 2

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