Important Announcement From IRS

With preparations for the next tax season starting, the IRS announced that they will be sending out two letters to taxpayers, if applicable in January, 2022.

• Letter 6419 – Advance Child Tax Credit Payments
• Letter 6475 – Economic Impact (stimulus) Payment

It is important that you retain these letters. Entering incorrect advance child tax credit or economic impact payment amounts will cause delays in tax return processing and the issuance of refunds.

Please retain these letters and provide when submitting tax information.

Tax preparation/filing for tax year 2021 requires a reconciliation of the advance economic impact payment and advance child tax credit payments dollar amounts received. Let’s work together to eliminate delays in return and refund processing.

If you have any questions, don’t hesitate to contact me:

(781)740-0022
Frank@Sabocpa.net

Best wishes for a Happy Holiday!