There are two new forms you will need to include with your 2021 tax information when you have your 2021 return prepared.
One is Letter 6419, 2021 Total Advanced Child Tax Credit Payments. For those of you who received Advanced Child Tax Credit payments in 2021, the IRS will mail this letter in January 2022, and your preparer will need it to correctly calculate any child tax credits due on your 2021 return.
The IRS will also mail Letter 6475, Your 2021 Economic Impact Payment. If you received less EIP than your 2021 Recovery Rebate Credit, you will get the additional amount on your 2021 tax return.
Be sure to keep both of these notices and include them with your 2021 tax information to make preparation of your 2021 return go more smoothly.
If you would like a comprehensive list of what you might need for 2021 tax preparation, please refer to our New Client Organizer on our Links You Can Use page.