2016 US Code
Title 26 - Internal Revenue Code
Subtitle F - Procedure and Administration
Chapter 61 - Information and Returns
Subchapter A - Returns and Records
Part III - Information Returns
Subpart B - Information Concerning Transactions With Other Persons
Sec. 6050U - Charges or payments for qualified long-term care insurance contracts under combined arrangements
| 26 U.S.C. § 6050U (2016) |
| §6050U. Charges or payments for qualified long-term care insurance contracts under combined arrangements |
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(a) Requirement of reporting
Any person who makes a charge against the cash value of an annuity contract, or the cash surrender value of a life insurance contract, which is excludible from gross income under section 72(e)(11) shall make a return, according to the forms or regulations prescribed by the Secretary, setting forth— (1) the amount of the aggregate of such charges against each such contract for the calendar year, (2) the amount of the reduction in the investment in each such contract by reason of such charges, and (3) the name, address, and TIN of the individual who is the holder of each such contract. Every person required to make a return under subsection (a) shall furnish to each individual whose name is required to be set forth in such return a written statement showing— (1) the name, address, and phone number of the information contact of the person making the payments, and (2) the information required to be shown on the return with respect to such individual. The written statement required under the preceding sentence shall be furnished to the individual on or before January 31 of the year following the calendar year for which the return under subsection (a) was required to be made. |
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(Added Pub. L. 109–280, title VIII, §844(d)(1), Aug. 17, 2006, 120 Stat. 1012.) |
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EFFECTIVE DATE
Section applicable to contracts issued after Dec. 31, 1996, but only with respect to taxable years beginning after Dec. 31, 2009, and to charges made after Dec. 31, 2009, see section 844(g)(1), (3) of Pub. L. 109–280, set out as an Effective Date of 2006 Amendment note under section 72 of this title. |
| United States Code, 2012 Edition, Supplement 4, Title 26 - INTERNAL REVENUE CODE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 26 - INTERNAL REVENUE CODE Subtitle F - Procedure and Administration CHAPTER 61 - INFORMATION AND RETURNS Subchapter A - Returns and Records PART III - INFORMATION RETURNS Subpart B - Information Concerning Transactions With Other Persons Sec. 6050U - Charges or payments for qualified long-term care insurance contracts under combined arrangements |
| section 6050U |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 120 Stat. 1012 |
| Public Law 109-280 |
