The IRS has sent out millions of letters to individuals who received the advanced Child Tax Credit payments in 2021 (Letter 6419) and/or the Economic Impact Payments (Notice 1444). Unfortunately, many of these letters have been shown to list incorrect amounts and information.
It is important to compare this letter to your records to ensure accurate reporting. Start by checking the amounts you received in your bank account in comparison to the letter/notice. You can also go to the IRS website and create or log in to your online account to view your records.
If incorrect information is filed, the processing of your return and/or refund could be delayed for weeks or even months, so it is imperative to double-check these amounts before your return is prepared.
Contact Us If You Have Any Questions
We know it can be stressful and confusing to receive letters from the IRS, but it is essential to make sure everything in them is accurate. If you have questions, we can help you sort through everything. You can schedule an appointment to talk with us soon.