Client Alert: Regarding Your 2021 Income Tax Return
As you may recall, throughout 2021, many US taxpayers received financial assistance from the federal government either through an Economic Impact Payment (stimulus payment related to COVID-19) early in 2021, or through advance payments of the Child Tax Credit, which began in July of 2021 and continued for six months.
In order to prepare and file your income tax return, we must have accurate information regarding dates and amounts of these payments.
If we do not receive this information from you in a verifiable format, your return cannot be filed.
Fortunately, the IRS is providing exactly the information we need, via letters sent to taxpayers in January 2022.
Please watch your mailbox for the following:
- Letter 6419: Advance Child Tax Credit Payments
- Letter 6475: Economic Impact Payment
These documents should be retained and provided to us with the rest of your information at tax filing time.
We appreciate your understanding and cooperation, and we look forward to seeing you at tax time.
