Please keep for your 2021 tax preparation.
The IRS is sending information letters to recipients of the 3rd round of Economic Impact Payments (Letter 6475) and of Advance Child Tax Credit payments (Letter 6419).
Recipients of these letters should keep them. Do not throw them away.
The letters can help Colman Knight, as your tax professional, to prepare your 2021 federal tax return.
The Economic Impact Payment letter can help recipients claim the 2021 Recovery Rebate Credit.
The IRS will begin issuing Letter 6475, regarding your 3rd Economic Impact Payment, to EIP recipients in late January. This letter will help Economic Impact Payment recipients and Colman Knight to determine if you are entitled to and should claim the recovery rebate credit on your 2021 tax returns when you file in 2022.
Advance Child Tax Credit payments letter assists recipients to get the remainder of 2021 credit.
To help taxpayers 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 taxpayers received in 2021 and the number of qualifying children used to calculate the advance payments. Recipients should keep this and any other IRS letters about advance child tax credit payments with their tax records.
