A separate form, prescribed by the Franchise Tax Board, must be prepared for each payee to whom payments which must be reported are made, showing the name and address of the payee, and the amount paid. These forms, accompanied by a report on a form prescribed by the Franchise Tax Board showing the number of forms filed therewith, must be forwarded to the Franchise Tax Board, Operations Division, Sacramento, California 95814 on or before February 28 of the year following the year in which payments or distributions required to be reported are made.