[Federal Register Volume 73, Number 163 (Thursday, August 21, 2008)]
[Notices]
[Page 49539]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-19343]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 1099-LTC

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Form 1099-LTC, Long-Term Care and Accelerated Death Benefits.

DATES: Written comments should be received on or before October 20, 
2008 to be assured of consideration.

ADDRESSES: Direct all written comments to Glenn P. Kirkland, Internal 
Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to Carolyn N. 
Brown at Internal Revenue Service, room 6129, 1111 Constitution Avenue, 
NW., Washington, DC 20224, or at (202) 622-6688, or through the 
Internet at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Long-Term Care and Accelerated Death Benefits.
    OMB Number: 1545-1519.
    Form Number: 1099-LTC.
    Abstract: Under the terms of Internal Revenue Code sections 7702B 
and 101g, qualified long-term care and accelerated death benefits paid 
to chronically ill individuals are treated as amounts received for 
expenses incurred for medical care. Amounts received on a per diem 
basis in excess of $175 per day are taxable. Code section 6050Q 
requires all such amounts to be reported.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit organizations, 
individuals or households, not-for-profit institutions, and state, 
local or tribal governments.
    Estimated Number of Responses: 79,047.
    Estimated Time per Response: 14 minutes.
    Estimated Total Annual Burden Hours: 18,181.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained as long as 
their contents may become material in the administration of any 
internal revenue law. Generally, tax returns and tax return information 
are confidential, as required by 26 U.S.C. 6103.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record.
    Comments are invited on: (a) Whether the collection of information 
is necessary for the proper performance of the functions of the agency, 
including whether the information shall have practical utility; (b) the 
accuracy of the agency's estimate of the burden of the collection of 
information; (c) ways to enhance the quality, utility, and clarity of 
the information to be collected; (d) ways to minimize the burden of the 
collection of information on respondents, including through the use of 
automated collection techniques or other forms of information 
technology; and (e) estimates of capital or start-up costs and costs of 
operation, maintenance, and purchase of services to provide 
information.

    Approved: August 1, 2008.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E8-19343 Filed 8-20-08; 8:45 am]
BILLING CODE 4830-01-P