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HAPPY NEW YEAR!! We hope you all had a great holiday season and looking forward to 2022! A New Year means a new tax season. So, let’s just get to it!
As you start gathering your documents, keep an eye out for the following letters that will be coming in the mail from our friends at the IRS.
Letter 6419 – Advance Child Tax Credit: You would receive this letter ONLY if you received any advanced child tax credit payments. We must have this letter to assist in reconciling the payments received.
Letter 6475 – Economic Impact Payment (EIP #3): This letter will be sent to everyone who received the third stimulus payment. These payments began going out in March of 2021 and were up to $1,400 per person. Again, it is important that we receive a copy of this letter with your tax documents so we can reconcile the credit due and received.
For both credits above, if the figures reported are not accurate, your tax return will have a significant delay in processing by the IRS. We will have more information to come mid-January, but these are important pieces that will be mailed directly to you within the next few weeks.
Tax Organizers will be uploaded to SmartVault by January 7th. If you would prefer to pick it up in the office or have one mailed to you, please contact the office.
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