Mailing 1099-G and 100-INT Forms for Calendar Year 2012 Campaign
Purpose of Bulletin
To inform staff that on January 8, 2013, the Accounts Receivable Management Division (ARM) is initiating a business entity broadcast message campaign.
Federal law requires us to mail one of the following to any taxpayer who received a refund or interest of $10 or more during 2012:
- FTB Form 1099-G, Report of State Income Tax Refund
- FTB Form 1099-INT, Statement of Interest Income
Form 1099-Gs are issued for a specific tax year.
Example: A taxpayer who received a refund in 2012 for overpayments on tax years 2010 and 2011 will receive two 1099-Gs, one for 2010 and one for 2011.
We issue one FTB Form 1099-INT for all interest paid during the 2012 calendar year.
Refunded or Not
We consider overpayments or interest income reported on FTB Forms 1099-G or 1099-INT “refunded” in the following situations:
- Paid directly to the taxpayer or directly deposited into a financial institution
- Offset for other liabilities, such as taxes, penalties, or interest
- Credited as an estimated tax payment
- Intercepted (offset) by a state, city or county agency, or the IRS
- Elected as a Use Tax payment
- Paid to voluntary contributions as designated by the taxpayer
We do not include the Child and Dependent Care Expense Credit claimed on the taxpayer’s return as a refunded amount.
Between January 15, 2013, and January 29, 2013, we will mail the following volume of forms:
- 5,492,611 FTB Forms 1099-G
- 95,383 FTB Forms 1099-INT