Be aware of your upcoming tax session.

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

In January, the IRS will send 2 letters to taxpayers:

• Letter 6419 - Advance Child Tax Credit Payments

• Letter 6475 - Economic Impact (stimulus) Payment

It's important that you keep these letters. Incorrectly entering the amount of the advance child tax credit or the economic impact payment will create delays in the processing of tax returns and the issuance of refunds.

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

If you would like to discuss, please contact our offices at 4156445933.