Understanding LTC Tax Advantages and Tax Reporting

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With all of the different LTC products on the market today, it is not always clear which LTC products have deductible premiums and which don’t. There is also confusion on the tax forms sent to clients and what they mean. Please join us to learn about the following:

• LTC tax advantages for business owners and employees
• Joint Life policies – how tax advantages work
• Clarifying Section 1035 exchange rules for LTC
• LTC and IRS Form 1099-R – who receives it, why it is sent, and what it reports
• IRS 1099-LTC – what it reports
• IRS Tax Form 8853 for LTC. Who needs to file it?
• How easy is it to complete

Join us and Nationwide’s Director of Advanced Consulting Group, Shawn Britt, as she discusses tax deductions for business owners and individual tax payers and how the tax reporting works with long-term care products.