The IRS urged extra caution for those who received money through the advance child tax credit and the third stimulus payment in 2021.
Be absolutely certain that the amounts you received last year for the monthly advance child tax credit payments and the Economic Impact Payment match up with government records and are entered correctly on the 2021 federal income tax return.
"Incorrect entries when reporting these payments mean the IRS will need to further review the tax return, creating an extensive delay," the IRS warned Monday.
To help taxpayers, the IRS is mailing IRS Letter 6419 to families who received advance payments for the child tax credit last year from July through December. Married couples filing a joint return are expected to receive two letters.
（Yahoo）