Internal Revenue Code · 26 U.S.C.

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

In force Text current through Public Law 119-121 (October 9, 2026) release point 119-121

Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). Compare it with the official text at uscode.house.gov (external site).

Cite as 26 U.S.C. § 6050U

At a glance

Read from the text, the source credit and the official notes. Not part of the law.

Status: In force
Added: August 17, 2006 by Pub. L. 109–280
Length: 2 subsections · 236 words · about 1 min to read
Cross-references: cites 1; cited by 1 Code section and 2 other regulations

¶(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—

¶(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) 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

¶(2) the information required to be shown on the return with respect to such individual.

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.

(Added Pub. L. 109–280, title VIII, § 844(d)(1), Aug. 17, 2006, 120 Stat. 1012.)

Cross-references

Computed from the citations in the text of Title 26 and 26 CFR.

This section cites 1 other section

§ 72(e)(11) Annuities; certain proceeds of endowment and life insurance contracts

Cited by 1 Code section

§ 6724(d)(1)(B)(xxi) Waiver; definitions and special rules

Cited in 2 regulations not issued under it

Amendment history

From the source credit and the official notes, newest first.

August 17, 2006Added by Pub. L. 109–280

Where it sits in the Code

Nearby sections

§ 6050Q Certain long-term care benefits
§ 6050R Returns relating to certain purchases of fish
§ 6050S Returns relating to higher education tuition and related expenses
§ 6050T Returns relating to credit for health insurance costs of eligible individuals
§ 6050U Charges or payments for qualified long-term care insurance contracts under combined arrangements
§ 6050V Returns relating to applicable insurance contracts in which certain exempt organizations hold interests
§ 6050W Returns relating to payments made in settlement of payment card and third party network transactions
§ 6050X Information with respect to certain fines, penalties, and other amounts
§ 6050Y Returns relating to certain life insurance contract transactions

Official notes

Show the Law Revision Counsel's notes (amendments, effective dates)

Effective Date

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) of Pub. L. 109–280, set out as an Effective Date of 2006 Amendment note under section 72 of this title.