PHS Tax Review

The form the claimant must submit if they want us to deduct FIT from their disability claim benefits.

The form we send if the PO received $600 or more in indemnity benefits on a pre-tax/ER paid policy or if a spouse received disability benefits from a disability rider on a pre-tax/ER paid policy

The form we send if $10 or more ($600 or more for some policies) in interest is paid on a death claim

The form we send if the PO receives more from a life policy that year than the PO paid into the policy over the policy's lifetime

Sent if we have an incorrect TIN/SSN on file

If the DOL is before the lapse date and within the Plan Year for a claim made on a pre-tax/ER paid policy

If the DOL is after the policy lapsed (but still within the grace period) but within the Plan Year for a claim made on a pre-tax/ER paid policy

If the DOL is after the plan year for a claim on a pre-tax/ER paid policy

We do not answer questions about these unemployment taxes

The only tax form you can assist the insured in filling out

We only deduct this for the first 6 months of a disability claim made on a pre-tax/ER paid policy

We send out all tax forms by this date each year

We use this to send a duplicate tax form request or a tax research request, except for research requests for 1099R forms