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Documents for Tax Preparers

The IRS started issuing information letters to advance child tax credit recipients in December. Recipients of the third round of the Economic Impact Payments will begin receiving information letters at the end of January. Using the information in these letters when preparing a tax return can reduce errors and delays in processing.

If you receive one of these letters, you should keep it to provide to your tax preparer. Do not throw it away.

Advance Child Tax Credit Payments Letter

To help you reconcile and receive all the 2021 child tax credits to which they are entitled, the IRS started sending Letter 6419, 2021 advance CTC, in late December 2021 and will continue into January. This letter includes the total amount of advance child tax credit payments you received in 2021 and the number of qualifying children used to calculate the advance payments. Be sure to keep this and any other IRS letters about advance child tax credit payments with your tax records. The letter contains important information that can make preparing your tax returns easier. Those who received the advance payments can also check the amount of their payments by using the CTC Update Portal available on IRS.gov.

Economic Impact Payment Letter

The IRS will begin issuing Letter 6475, Your Third Economic Impact Payment, to EIP recipients in late January. This letter will help Economic Impact Payment recipients determine if they are entitled to and should claim the recovery rebate credit on their 2021 tax returns when they file in 2022. Most eligible people already received the payments; however, if you are missing stimulus payments this information will assist in our review of your information to help determine your eligibility and whether you need to claim a recovery rebate credit for 2020 or 2021.

If you have any questions about either of these letters, please contact your tax preparer.

Source: This information was taken from the IRS article dated January 5, 2022. Issue Number: COVID Tax tip 2022-03

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