Fillable Form Firm Ms A243 - Election (Page 2 of 2) in pdf

Purpose

Financial institutions doing business in the State of California shall complete and file with the FIRM Program Administrator

the FTB 2060, Election, which establishes FIRM program participation, the chosen method of data matching, and the

name of the transmitter.

Once the financial institution submits and files a completed FIRM election with the FIRM Program Administrator it remains

binding until the financial institution submits a new form. The financial institution shall submit and file any changes to the

financial institution’s name with the FIRM Program Administrator on a new FTB 2060, Election, within thirty (30) calendar

days of approval of a name change from its primary regulator. Any new contact information shall be submitted and

filed with the FIRM Program Administrator on a new election form as soon as the change is established at the financial

institution.

The financial institution shall submit and file any changes to the financial institution’s transmitter or election method with

the FIRM Program Administrator on a new FTB 2060, Election, at least sixty (60) calendar days in advance of the next

calendar quarter. Complete the form and include the authorized signature and fax it to 517.318.4696 or mail it to:

CATAX/INFORMATIX, TAX MATCH OPERATIONS, 1740 CREEKSIDE OAKS DRIVE, SUITE 175, SACRAMENTO, CA

95833-3639.

The FIRM Program Administrator shall notify the financial institution in writing as to the calendar quarter the financial

institution shall begin its quarterly participation under the participation schedule. Unless otherwise directed in writing by

the FIRM Program Administrator, all subsequent data matches shall continue as described in the participation schedule.

Participation Schedule

The due date to make program changes (e.g., change contact information or transmitter) and to submit a new FTB 2060,

Election, to the FIRM Program Administrator is 60 calendar days prior to the data exchange due date. To receive a

Method 2 Inquiry File according to the participation schedule, we shall receive the election form prior to the FTB Inquiry

File available date below.

New Election Form

FTB Inquiry File

Method 1 & 2

Quarter

Quarter Months

Due Date

Available (Method 2)

Data Due Date

1st Qtr

Jan, Feb, Mar

Mar 30

Apr 15

May 30

2nd Qtr

Apr, May, Jun

June 30

July 15

Aug 30

3rd Qtr

Jul, Aug, Sep

Sept 30

Oct 15

Nov 30

4th Qtr

Oct, Nov, Dec

Dec 31

Jan 15

Feb 28

If the Due Date falls on a weekend or holiday, the Due Date shall be the next business weekday.

To assist in program administration, the Inquiry File Availability Dates (Method 2) and the Method 1 & 2 Match Files Due

Dates may be modified at any time by FTB, but in no event shall such dates be earlier than the dates specified in the table

above. The FIRM Program Administrator shall provide written notice to the financial institutions prior to any change in the

schedule.

Your Institution: Complete the Institution Name line with the exact name that you will enter as the institution name in the

“A” record of the Method 1 or Method 2 file that you will submit to FTB.

Transmitter Information: Enter the contact information about the transmitter that will perform the FIRM data exchange

on behalf of your institution. The Method 2 Inquiry File will be available through a SWIFT application. Do not enter your

institution on the form as its own transmitter unless you are also submitting a separate file on behalf of another financial

institution.

Authorized Representative: An officer of your institution.

Assistance: Informatix, Inc., FIRM Program Administrator operates a call site weekdays to answer questions related to the

Financial Institution Record Match Process.

Telephone:

866.576.5986

Hours of Operation:

8:00 a.m to 5:00 p.m. (PT)

Email Address:

FTB FIRM Program Contacts

Email Address:

FTBFIRMhelp@ftb.ca.gov

FTB 2060 PC (REV 08-2013) PAGE 2

Form Firm Ms A243 - Election Page 2

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