IRS Form: Long-Term Care, Accelerated Death Benefits Reporting Comments Requested (IRC §7702B)

Comments requested on Form 1099-LTC, Long-Term Care and Accelerated Death Benefits, which is used to report long-term care benefits, including accelerated death benefits, specifying whether or not the benefits were paid in whole or in part on a per diem or other periodic basis without regard to expenses. Payers include insurance companies, governmental units, and viatical settlement providers. Comments are due on or before June 6, 2022. [IRS Comment Request, 87 Fed. Reg. __ (Apr. 7, 2022)]

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