Letter 6419 UpdatesThe IRS announced Monday that recipients of Letter 6419, which addresses 2021 advance Child Tax Credit (CTC) payments, should double-check the information it contains, as some letters may provide outdated information. 

To ensure they have correct information, taxpayers should login to the recently updated IRS website for the advance CTC and use the payment information they find there if it differs from the Letter 6419. Inaccuracies are more likely in letters received by those taxpayers who have moved or who have changed bank accounts, as well as those whose checks or direct deposit payments were undeliverable for any other reason.

Taxpayers who received the advance CTC payments will need to reconcile them when processing their 2021 federal tax returns, currently expected to be due April 18, 2022.

Regardless, please save Letter 6419 and share it, along with the payment information from the advance CTC website, with your tax preparer.

@2022

David Reape CPA

David M. Reape CPA
Principal
Director, Tax Services
david.reape@hwco.cpa