Uncategorized How to Accurately Report the amount of Economic Stimulus Payment received 02/18/202202/16/2022 A Taxpayer is responsible for accurately reporting the amount of Economic Stimulus Payment received during the tax year. The primary sources for this information are confirmation letters from the IRS…
Uncategorized Additional documentation needed for your 2021 tax return preparation in 2022. 01/07/202201/05/2022 Be on the lookout for these mailings from the IRS to your household: IRS letter 6419, to households with dependent children, regarding the Advance Child Tax Credit monthly payments made…
Uncategorized Advance Payment of Child Tax Credit – FAQs 08/17/202108/16/2021 In July, 2021, the IRS started sending monthly payments to some parents of children under age 17, as an advance on the Child Tax Credit expected to be claimed on…
Uncategorized Correcting errors with your 2020 Recovery Rebate Credit (Economic Stimulus Payments) 05/06/2021 If you didn't claim the credit on your original tax returnyou will need to file an Amended Form 1040-X.The IRS will not calculate the 2020 Recovery Rebate Credit for you…