Check your mail.........

Before our tax season begins, we’d like to notify you of letters you could expect mailed from the I.R.S. Please see below notes from IRS.gov website.

  1. In early 2022, the IRS will send you Letter 6475 to provide the total amount of the third Economic Impact Payment and any Plus-Up payments that you received. You need to keep this and any other IRS letters you received about your stimulus payments with your tax records and refer to them when you file. Or you can log in to your online account to securely access your Economic Impact Payment amounts.

If you are claiming a 2021 Recovery Rebate Credit, you will need the total amount of your third Economic Impact payment and any plus up payments to file your return accurately and avoid a refund delay. 

Just as last year, our office will need the 3rd stimulus amount you received (approx. March 2021) to have an accurate reflection of your recovery rebate credit, if any which may still be due to you. Please bring Letter 6475 with your other tax documentation.

  1. In January 2022, the IRS will send you Letter 6419 to provide the total amount of advance Child Tax Credit payments that were disbursed to you during 2021. Please keep this letter regarding your advance Child Tax Credit payments with your tax records. You may need to refer to this letter when you file your 2021 tax return during the 2022 tax filing season.

If you receive a total amount of advance Child Tax Credit payments that exceeds the amount of Child Tax Credit that you can properly claim on your 2021 tax year, you may need to repay to the IRS some or all of that excess payment.

Similarly, our office will need any Child Tax Credit (CTC) you received (approx. June through December 2021) to have an accurate reflection of your CTC credit OR debit, if any due. Please bring Letter 6419 with your other tax documentation.

 

Lastly, for those clients who’ve experienced identity problems in the past and has established PIN codes for tax filing; the IRS will mail those PIN code letters the beginning of 2022. Please bring those letters with your other tax documentation.