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Step 1
Call (800) TAX-FORM or visit the IRS online form ordering website (see resources below) to obtain acceptable copies of Form 1099-LTC to send to recipients. Although Form 1099-LTC is available for viewing online, the e-version of the form is unacceptable to send to taxpayers or the Internal Revenue Service.
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Step 2
Check the "Void" or "Corrected" box at the top of the 1099 form if applicable. Enter the Payer's name, street address, city, state, ZIP code and telephone number in the first box. The Payer is the organization or entity that disbursed the insurance money.
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Step 3
Enter the Payer's Federal Tax ID number and the Policyholder's identification number in the two boxes beneath the first box. Below this, list the Policyholder's name, street address (including apartment number), city, state and ZIP code. Enter the account number that is associated with this distribution of money.
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Step 4
Show the gross benefits paid to the Policyholder under a long-term care insurance contract in Box 1. In Box 2, list the gross accelerated death benefits you paid to the Policyholder during the year. Check "Per Diem" or "Reimbursed Amount" in Box 3 to demonstrate how the amount(s) in Boxes 1 or 2 were paid.
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Step 5
Check Box 4 if the benefits were from a qualified long-term care insurance contract. Check "Chronically Ill" or "Terminally Ill" in Box 5 to certify the insured's type of illness; indicate the date the illness was certified to the right of this box.
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Step 6
File Form 1099-LTC with the IRS; also send a copy to the recipient. Check the IRS official website (see resources below) for specific instructions as to the filing deadline for Form 1099-LTC; it changes annually.
