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Form 1099-LTC: What You Need to Know
Form 1099-LTC is required to be filed by entities that pay long-term care benefits, including accelerated death benefits. These payers can be insurance companies, governmental units, or viatical settlement providers.
“Over 300 Thousand 1099-LTC forms could be filed by 2025—are you ready to meet the demand?”
Form 1099-LTC Deadlines for 2025 Tax Year
Key dates for filing and distributing Form 1099-LTC for the 2025 tax year to stay IRS-compliant and avoid penalties.
Recipient Copy
February 2, 2026
Paper Filing with IRS
March 2, 2026
E-filing with IRS
March 31, 2026
Information Required to File Form 1099-LTC
Discover the key information needed to file Form 1099-LTC easily.
Payer's Info
Name, address, and TIN
Policyholder or Insured Info
Name, TIN, address, and account number
Insured Info
Name, TIN, address, and account number
Long-term Care Benefits Info:
- Gross long-term care benefits paid for the year
- Gross death benefits paid under the life insurance contract for the year
Per-Diem or Reimbursement Method
Qualified/Nonqualified Contract Indicator
Chronically or Terminally Ill Status
Get Started with TaxBandits to e-file your Form 1099-LTC in minutes!
How TaxBandits Helps You Comply with IRS Form 1099-LTC Filing Requirements
Whether you’re reporting to the IRS or sending copies to policyholders, TaxBandits handles the entire 1099-LTC filing process quickly, accurately, and securely.
Data Validations
TaxBandits ensures accurate filings with built-in TIN Matching and free USPS Address Validation.
Bulk Upload Template
Use our bulk upload feature to import all policyholder’s data and files in one go.
Policyholder Copy Distribution
Instantly generate and distribute policyholder copies via Postal or Online Access.
Secure Data Handling
TaxBandits ensures industry-standard encryption and secure data storage to protect sensitive information.
IRS-Authorized E-filing
As an IRS-authorized e-file provider, TaxBandits guarantees your submissions are fully compliant and securely transmitted.
Free retransmission and corrections
TaxBandits allows you to correct and resubmit Form 1099-LTC for free if the IRS rejects it, ensuring tax compliance.
Solutions Built for Tax Pros & High Volume Filers
Our platform is designed to handle the complexities of high-volume filing, providing robust tools for tax professionals, casinos, and large gaming organizations.
API Integration
Automate your entire 1099-LTC filing workflow by integrating your systems directly with our robust API.
PRO Account
Create a TaxBandits PRO account and seamlessly manage high-volume 1099-LTC filings within a secure, cloud-based solution.
Dedicated Support
Get priority assistance from our expert support team to handle any filing questions or technical needs.
How to E-file Form 1099-LTC with TaxBandits?
Create your free account and follow these simple steps to e-file your Form 1099-LTC effortlessly!
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Step 1: Import and Validate Data
Upload your 1099-LTC information using our CSV template, Manual import, or custom upload option. TaxBandits automatically validates your data to prevent IRS rejections.
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Step 2: E-File with IRS and States
Submit your 1099-LTC forms directly to the IRS and applicable state agencies in just a few clicks.
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Step 3: Deliver Recipient Copies
Send recipient copies securely through postal mail, online access, or both—quickly and hassle-free.
Are you ready to begin e-filing your 1099-LTC Form? File in minutes with TaxBandits!
Frequently Asked Questions about Form 1099-LTC
What is IRS Form 1099-LTC?
Form 1099-LTC is 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, a policyholder, or a beneficiary and must be reported to the IRS for tax purposes.
Who is required to file Form 1099-LTC?
Insurance companies, government agencies, and viatical settlement providers must file Form 1099-LTC if they pay long-term care benefits or accelerated death benefits at any time during the tax year. These payers are responsible for reporting the payments to both the IRS and the recipient.
When is the deadline to file Form 1099-LTC?
The deadline to e-file Form 1099-LTC with the IRS is March 31, 2026. If you are filing paper copies, the deadline is March 2, 2026. You must distribute recipient copies by February 2, 2026.
What are the Form 1099-LTC Copies?
Form 1099-LTC has three copies, each serving different purposes:
- Copy A must be filed with the IRS
- Copy B must be furnished to the policyholder
- Copy C must be furnished to the insured individual
If the recipient is both the policyholder and insured individual, you only have to furnish Copy B of Form 1099-LTC to the policyholder.
What are the penalties for not filing Form 1099-LTC?
If you fail to file and furnish Form 1099-LTC within the specified deadlines, the IRS will impose penalties ranging between $60 and $680, depending on your business size and the delay period.
To learn more about the 1099-LTC penalties, click here.
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