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Where on the 1099MISC did they show this Health Insurance Premium payment?
the 1099 does not have my ss number on it , it just says misc income. the letter that come with it says. dear visteon settlement participant: we are the law firm that represented the iue-cwa in the negotiation with visteon of a settlement of your claims for life time retirement medical coverage. enclosed is a form 1099 that reports the first half of the settlement amount that you received from an escrow account maintainted by our firm in 2010. please note that this form does have your social security number. we anticipate that visteon will supply us your social security imformation shortly but we did not want to unreasonably delay the distribution of these form 1099's. the form 1099's we summit to the irs will have your ss number included. we are not tax counsel and we cannot give you advice on whether this income should be included on you income tax returns. we are, however, obligated to advise the internal revenue service of the amount that you have been paid. we will send you a similiar form in 2012 to reflect what you were paid in 2011.
i made a mistake , it says please note that this form does NOT have your social security number. I LEFT OUT THE NOT WHEN I TYPED IT
A reimbursement for medical care generally is not taxable. However, it may reduce your medical expense deduction. If you receive an “advance reimbursement” for future medical expenses from your employer without regard to whether you suffered a personal injury or sickness or incurred medical expenses, that amount is included in your income, whether or not you incur uninsured medical expenses during the year. If the amount they are showing was for future health insurance premiums then you will need to include it as income.