Critical IRS Update: Tell Your Clients to Retain These Two Letters

December 13, 2021

A critical update from IRS Senior Stakeholder Liaison Joe McCarthy:

With preparations for the next tax season starting there is something important you should be aware of.

The IRS will be sending out two letters to taxpayers in January:

  • Letter 6419 - Advance Child Tax Credit Payments
  • Letter 6475 - Economic Impact (stimulus) Payment

 

It is important that your clients retain these letters. Entering incorrect advance child tax credit or economic impact payment amounts will cause delays in tax return processing and the issuance of refunds.

Having your clients retain these letters and provide them to you is the most efficient way for you to obtain the economic impact payment and advance child tax credit payment dollar amounts you will need to prepare their tax returns. The alternative ways of either you or your clients getting this information electronically is likely to be a much more involved process.