Special Information on Tax Forms

State Farm Bank® must file a 1099-INT for each person to whom it paid at least $10 of interest during the year.

• 1099-INT: Tax responsible accountholders who have earned a combined total of $10.00 or more on interest-bearing accounts. Forms will be mailed by Jan. 31, 2008.
• 1098 Statement: Reports the amount of interest paid on Home Equity Loans and Home Equity Lines of Credit. Forms will be mailed by Jan. 31, 2008.
• 1099-OID: Reports projected amounts on Market Rate CDs. Forms will be mailed by Jan. 31, 2008.

IRA, HSA, and CESA

State Farm Bank is required by law to report contribution and distribution activity for Individual Retirement Accounts (IRA), Health Savings Accounts (HSA) and Coverdell Education Savings Accounts (CESA). The following forms will be mailed based on the federally mandated date listed below.

• Fair Market Value Statement: Reflects account balance as of Dec. 31, 2007. Forms will be mailed by Jan. 31, 2008.
• 1099-R:  Reports distributions from an IRA. Forms will be mailed by Jan. 31, 2008.
• 1099-Q:  Reports distributions from a CESA.  Forms will be mailed by Jan. 31, 2008.
• 1099-SA:  Reports distributions from an HSA. Forms will be mailed by Jan. 31, 2008.
• 5498:  Reports contributions to an IRA.  Since prior year contributions can be made through April 15th, forms will be mailed by June 2, 2008.
• 5498-ESA:  Reports contributions to a CESA.  Since prior year contributions can be made through April 15th, forms will be mailed by April 30, 2008.
• 5498-SA:  Reports contributions to an HSA.  Since prior year contributions can be made through April 15th, forms will be mailed by June 2, 2008.

State Farm Bank will update our automated phone system with special instructions and official dates. For more information, call 1-877-SF4-BANK (1-877-734-2265).