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IRS FORMS
IRS Forms
eFile Form 1099-LTC Online
Quickly and securely e-file Form 1099-LTC to report long-term care benefits and accelerated death benefits using IRS-approved filing software.
What is Form 1099-LTC?
Form 1099-LTC is an IRS information return used to report long-term care insurance benefits and accelerated death benefits paid under a life insurance contract. These payments may be made to the insured individual, the policyholder, or a designated beneficiary and must be reported to the IRS for tax reporting purposes.
Form 1099-C must be filed even if the debtor does not treat the canceled debt as taxable income.
In addition, a copy of Form 1099-C must be furnished to the debtor for their records.
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What Form 1098-T Reports:
Form 1099-LTC reports long-term care insurance benefits and accelerated death benefits paid during the tax year.
The form is filed by entities that make these payments, including insurance companies, government agencies, and viatical settlement providers. When such benefits are paid at any point during the year, the payer is responsible for reporting the amounts to the Internal Revenue Service and furnishing a copy to the recipient.
Form 1099-LTC ensures that long-term care and accelerated death benefit payments are properly documented for federal tax reporting purposes.
1099-LTC IRS Deadlines
The deadline for filing Form 1098-T with the IRS is typically January 31st.
Recipient Copies: January 31st
IRS Deadline: March 31st
Note: If January 31st falls on a weekend, the due date will be the next business day. Exact deadlines for each year can be found on the IRS website.
Information Needed to File Form 1099-C
To accurately complete Form 1099-LTC, you’ll need to gather details about the payer, the insured or policyholder, and the benefits paid during the tax year.
1. Payer Information
Information about the entity issuing the payments, including:
Legal name
Mailing address
Taxpayer Identification Number (TIN)
2. Policyholder or Insured Information
Details for the policyholder or insured individual:
Name
TIN
Address
Account or policy number
3. Insured Information
If different from the policyholder, provide:
Insured individual’s name
TIN
Address
Account or policy number
4. Long-Term Care and Death Benefit Details
This section includes payment amounts such as:
Gross long-term care benefits paid during the year
Gross accelerated death benefits paid under a life insurance contract
5. Payment Method
Indicate whether benefits were paid using the per-diem method or as reimbursements.
6. Contract Type Indicator
Identify whether the contract is qualified or nonqualified for tax reporting purposes.
7. Health Status Indicator
Specify whether the insured individual is considered chronically ill or terminally ill, as defined by IRS guidelines.
How to File Form 1099-LTC Online with eFile My Forms
Filing your 1099-LTC forms online is faster, more accurate, and more affordable than traditional paper filing. Our streamlined process takes just minutes:
Step 1: Input Recipient Information
Choose the method that works best for your business:
- Manual entry: Perfect for businesses filing 1-10 forms
- Excel/CSV upload: Bulk import for 10-100 forms using our template
Step 2: Enter Form Information
Complete all required information for Form 1098-T and put in total amounts for each box.
Step 3: Review and Validate
Our system automatically checks for common errors including:
- Missing or invalid TIN numbers
- Incorrect name/TIN combinations
- Address formatting issues
- Missing required information
Step 4: Submit and Deliver
Once you approve your forms:
- We e-file directly with the IRS (same business day for submissions before 5 PM ET)
- Recipient copies are printed and mailed via USPS
- You receive confirmation of IRS acceptance
- All forms stored securely for 3+ years
Frequently Asked Questions to IRS Form 1099-LTC
What Are the IRS Late Filing Penalties for Form 1099-LTC?
If you fail to file Form 1099-C with the IRS or furnish copies to the recipient by the required deadlines, the IRS may assess penalties. Penalty amounts generally range from $60 to $680 per form, depending on how late the filing occurs and the size of your business.
What Are the Copies of Form 1099-LTC?
Form 1099-LTC includes three copies, each with a specific purpose:
Copy A – Filed with the Internal Revenue Service
Copy B – Furnished to the policyholder
Copy C – Furnished to the insured individual
What are the due dates for Form 1099-LTC?
For tax year 2025 reporting (reported in early 2026), recipient copies are due by February 2nd, 2026 and Form 1099-C must be filed with the IRS by March 31st, 2026 (if filing electronically).
Start Filing Your 1099-LTC Forms Online Today
Simplify 1099-LTC reporting. Start with eFileMyForms today.