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Reply to "Aflac claim and taxes question"
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[quote=Anonymous]This may be a question for an accountant. So I had an Aflac STD policy that I fully paid for but that my company deducts the premiums for me PRE-TAX. I know having the premiums taken out pre-tax isn't that smart, since then I have to pay taxes on any claims that are paid (but actually it has worked out in my favor since total claims paid were much less than premiums paid and we have cancelled the policy now). Anyway, I had a claim that was paid in 2014 when I was on maternity leave. Aflac took out social security and medicare. They sent me a piece of paper which laid out the medicare and social security deductions. They did not send me a 1099. When we turned over our documentation to our accountant, he wants a 1099, of course, because I haven't paid any income tax on that income I received. I called AFLAC three times, had it escalated to various people, who all swear they legally do not have to provide me a 1099 since they already took out taxes. My accountant claims that is illegal for them to refuse to issue this document. Finally after things getting heated they provided me with their EIN number, so I think my accountant will be able to proceed. Does anyone know who is right here? I asked the supervisor how he thought I could pay income tax on that income without an appropriate tax form, and he seemed to not understand that there was a different between Social Security/Medicare and income taxes. What am I missing?[/quote]
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