26 U.S. Code § 6050U - Charges or payments for qualified long-term care insurance contracts under combined arrangements
(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—
(2) the amount of the reduction in the investment in each such contract by reason of such charges, and
(b) Statements to be furnished to persons with respect to whom information is required
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
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.
Source(Added Pub. L. 109–280, title VIII, § 844(d)(1),Aug. 17, 2006, 120 Stat. 1012.)
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) ofPub. L. 109–280, set out as an Effective Date of 2006 Amendment note under section 72 of this title.