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In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
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- Do we need to file form 8853 Section C
Do we need to file form 8853 Section C
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hgtc
Level 5
03-09-2022
03:40 PM
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Taxpayer received 1099-LTC that has $19,000 on box 1, and box 3 "reimbursement amount" is checked. this is a qualified contract. Total caregiver expenses paid by taxpayer are over $25,000.
Should we file form 8853 Sec C for this nontaxable reimbursement?
From form 8853 instructions, sounds only if payments are made on a per diem or other periodic basis needs to complete Sec C.
If we do not file this form, will IRS question taxpayer later?
Thanks.
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