Information returns are tax documents and statements that contain information required to be reported to federal and state tax authorities. For example, Federal Forms 1098, 1099, 5498, and W-2G are used to report certain business transactions.
Who Must File
Any person, including a corporation, partnership, individual, estate, or trust that makes reportable transactions during a calendar year, must file the appropriate information returns to report those transactions with the Internal Revenue Service (IRS) and us, the State of California, Franchise Tax Board (FTB). Generally, our reporting requirements are the same as the IRS reporting requirements. See our Guide to Information Returns Filed with California for a list of all the required returns and what to report.
Note: We do not require the filing of these information returns:
- Form 1099-CAP
- Form 1099-H
- Form 1099-SA
- Form 5498-SA
We will accept these returns if they are included in the same media file with required information returns, however, media files that contain only these returns must not be submitted to us.