The California Franchise Tax Board (FTB) Jan. 9 issued a public service bulletin, which was last updated on Jan. 22, announcing the mailing of Forms 1099-G and 1099-INT for the 2025 tax year. These forms report overpayments or interest income of $10 or more that were refunded, offset against other liabilities, credited as estimated tax payments, intercepted by government agencies, elected as use tax payments, or designated as voluntary contributions. [Cal. Franchise Tax Bd., Pub. Serv. Bull., 01/22/25]
This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.
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