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1099-LTC

Long Term Care and Accelerated Death Benefits

About Form 1099-LTC

File Form 1099-LTC if you paid any long-term care benefits:

  1. Any payments made under a product that is advertised, marketed, or offered as long-term care insurance (whether qualified or not); and
  2. Accelerated death benefits (excludable in whole or in part from gross income under section 101(g)) paid under a life insurance contract or paid by a viatical settlement provider.
IRS Instructions for Form 1099-LTC

1099-LTC Forms

We've made it easy to file your 1099-LTC forms. Simply create a Yearli Performance or Premier account, enter or import your data, review your data and checkout. It's that easy. Yearli will file your forms to the IRS, applicable state agency and send copies to your recipients.

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Who Files?

Payers of long-term care benefits including insurance companies, governmental units, and viatical settlement providers.

What to Report?

Any payments made under a product that is advertised, marketed, or offered as long-term care insurance and accelerated death benefits.

Why File?

In many instances IRS penalties for not filing correct information returns (Code Section 6721) or correct payee statements may apply.

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Patrick G. | October 22, 2024
Very easy and cost effective method of filing a Form 941
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