[WEBINAR] Understanding of LTC Tax Advantages and Tax Reporting from Nationwide
Wednesday 03/27/2024 at 1:00 pm - 2:00 pm CDT
Attend this presentation to find out how LTC benefits can be tax-free, based on either a set daily amount or the actual costs incurred. Learn about the tax advantages and HSA eligibility of regular LTC policies, discover potential deductions for business owners, and get tips on simplified tax reporting, covering linked benefit policies and rules for policy exchanges.
Learning objectives As a result of attending this course the leaners should understand:
Rules all LTC benefits have in common
Structure of combo policies for LTC premiums to be tax deductible
Age-based limits for individual tax payors and HSA eligibility
Tax advantages for business owners and employees
Joint Life policies how tax advantages work
Section 334 of Secure 2.0
Clarifying Section 1035 exchange rules
IRS Form 1099-R – who receives it and what it reports
IRS 1099-LTC and IRS Tax Form 8853: Who needs to file it and how easy is it to complete?
Please Note: Student information will not be sold or distributed to any third party without prior written consent of the student. Taking the course shall not constitute consent.
Attend this presentation to find out how LTC benefits can be tax-free, based on either a set daily amount or the actual costs incurred. Learn about the tax advantages and HSA eligibility of regular LTC policies, discover potential deductions for business owners, and get tips on simplified tax reporting, covering linked benefit policies and rules for policy exchanges.
Learning objectives
As a result of attending this course the leaners should understand:
Please Note: Student information will not be sold or distributed to any third party without prior written consent of the student. Taking the course shall not constitute consent.
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