IRS sending information letters to recipients of advance child tax credit payments and third Economic Impact Payments
The IRS started issuing information letters to advance child tax credit recipients in December. Recipients of the third round of the Economic Impact Payments will begin receiving information letters at the end of January. Using the information in these letters when preparing a tax return can reduce errors and delays in processing.
People receiving these letters should keep them. Do not throw them away. These letters can help taxpayers, or their tax professional prepare their 2021 federal tax return.
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Blog by Kim Storen, EA – Tax Services Director, Senior Tax Accountant
Learn more about Kim and the rest of the Storen Financial team here.