§ 6050U. Charges or payments for qualified long-term care insurance contracts under combined arrangements

• (a) 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.
• (b) 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.