Incorrect Form 1099-G Tax News flash

Incorrect Form 1099-G

FTB issues Form 1099-G to report certain government payments including state income tax refunds. The Form 1099-Gs sent by FTB for tax year 2024 may contain incorrect amounts when an estimate transfer from the previous year has occurred. Tax professionals should verify that the amounts reported on the Form 1099-Gs are correct by comparing the amounts with the previous year tax return.

We apologize for any inconvenience this has caused and will send an updated flash once the Form 1099-Gs are corrected and mailed.