Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
My mother receives payments under a term care policy. It is
my mother receives payments under a long term care policy. It is not per diem . I have a 1099-Ltc form from the company. Do I report it on the1040 at all ? If so, where? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,464 satisfied customers
My mom is my dependent on my tax reurn for 2017. She has
my mom is my dependent on my tax reurn for 2017. She has a1099 LTC issued to her by her insurance company for benefits paid for her care. The per diem box is checked. How do Icfind out how much of the… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,464 satisfied customers
I live in an assisted living residence for seniors, I have a
I live in an assisted living residence for seniors, I have a long term care policy. I got a letter from residence center that I could take 68% of my rent and show under medical expenses. By the way, m… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,200 satisfied customers
I am collecting on my LT care insurance policy. Are these
I am collecting on my LT care insurance policy. Are these receiopts taxable to me? … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,028 satisfied customers
My wife receives LTC reimbursements from Mass Mutual. I
My wife receives LTC reimbursements from Mass Mutual. I understand that these reimbursements are not taxable but must be entered on Form 8853. When I fill out this form, however, my tax owed increases… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
2,158 satisfied customers
My father in laws estate received a 1099-LTC for $4,500 is
My father in laws estate received a 1099-LTC for $4,500 is this taxable income to the estate? If so where does it get reported?… read more
Charles Markham
Charles Markham
Principal
Masters Science Taxation
780 satisfied customers
I got a 1099-LTC form for medical reimbursement from a
I got a 1099-LTC form for medical reimbursement from a qualified contract - do I need to report that on form 8853 - it was not as per diem but as reimbursed amount … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,940 satisfied customers
My Father received a Form 1099-ltc showing $64675.00 Benefits
My Father received a Form 1099-ltc showing $64675.00 Benefits received. He lives in a nursing home with alzheimers and will not ever come home. These are marked per diem in box 3. He spent 45400.00 in… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,382 satisfied customers
Pearl JA: What seems to be the problem? Customer: Question
Question about a 1099 LTC form and reporting it on my tax return … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,940 satisfied customers
I have a 1099LTC - the box is marked not checked per-diem-
I have a 1099LTC for 2015- the box is marked not checked per-diem- do i need to file the form 8853… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,940 satisfied customers
My mother receives a monthly check - she is in an assistant
My mother receives a monthly check for LTC - she is in an assistant living facility. She pays monthly for this care. What she pays is more than what she is reimbursed. On Form 8853 - Line 22 I showed … read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I have a client who received a 1099-LTC for $11,000 with box
I have a client who received a 1099-LTC for $11,000 with box 3 checked for "reimbursement". Client states that it's a refund of 80% of premiums for LTC under a contract that states that 80% of premium… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,940 satisfied customers
in north carolina do i need to file a 1041 fathers estate?
in north carolina do i need to file a 1041 for my fathers estate? deceased 1/16/14 it was valued at 500,000… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,940 satisfied customers
I have a client with a 1099-LTC it has reimbursed amount
I have a client with a 1099-LTC it has reimbursed amount checked. Client has been there all year. Qualified contract is not checked. Do I need to find out what part was actually used for the fee and w… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,800 satisfied customers
My husband received a per-diem payment from a qualified LTC
My husband received a per-diem payment from a qualified LTC insurance policy in 2013. He is chronically ill. In filling out form 8853, I know what goes on lines 14 through 23 of section C. Does the "p… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,650 satisfied customers
1099 LTC--Do not know where to enter and if its taxablethank
1099 LTC from prudential--Do not know where to enter and if its taxable thank you person has parkinson his wife take cares him, he pays to her, prudential reimb to him and sent 1099 LTC… read more
tax-doctor
tax-doctor
Managing Partner
588 satisfied customers
My grandmother was in a nursing home once medicare was done
My grandmother was in a nursing home once medicare was done paying her nursing home insurance kicked in. @ 100.oo per day. She has since came home and has private health care workers. She received 2 1… read more
socrateaser
socrateaser
43,144 satisfied customers
Do you have topay federal tax on long term care benefits
Taxpayer is in assisted living and received a monthly per diem payment to offset costs from a long term care insurance policy… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

18,800 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x