The IRS will be mailing out two very important letters to taxpayers on January 19, 2022.
Letter 6419 is with regard to Advance Child Tax Credit Payments that started in July 2021 and ended in December 2021. Specifically, it will show you: The total amount of advance CTC payments you received for 2021. The number of qualifying children counted in determining the advance CTC. In addition to these details, letter 6419 outlines how the IRS calculated your amount and the conditions for repayment.
Letter 6475 is with regard to your third Stimulus Payment that you would have received from mid-March to the end of April. The third payment provided eligible individual taxpayers with a check of up to $1,400, while couples filing jointly could receive a maximum of $2,800. In addition, families with dependents were eligible for an extra payment of $1,400 per dependent, regardless of the dependent’s age – this time, there was no limit to the number of dependents that could be claimed for.
WE NEED THESE LETTERS TO PROVIDE ACCURATE INFORMATION ON YOUR TAX RETURN!
DO NOT THROW THESE LETTERS AWAY!
If your return is filed without correct information, your 2021 tax return refund will be delayed because it will be subject to manual review! We are taking extra measures in our office to make sure you provide us with accurate information.
Please do not hesitate to contact our office at 816-220-2001 with questions.