IRS
WASHINGTON — With filing season beginning January 24, the Internal
Revenue Service reminded taxpayers about several key items to keep in
mind when filing their federal income tax returns this year.
Given the unprecedented circumstances around the pandemic and unique
challenges for this tax season, the IRS offers a 5-point checklist that
can help many people speed tax return processing and refund delivery
while avoiding delays.
1. File an accurate return and use e-file and direct deposit to avoid delays. Taxpayers should electronically file and choose direct deposit as
soon as they have everything they need to file an accurate return.
Taxpayers have many choices, including using a trusted tax professional.
For those using e-file,
the software helps individuals avoid mistakes by doing the math. It
guides people through each section of their tax return using a
question-and-answer format.
2. For an accurate return, collect all documents before preparing a tax return; make sure stimulus payment and advance Child Tax Credit information is accurate. In
addition to collecting W-2s, Form 1099s and other income-related
statements, it is important people have their advance Child Tax Credit
and Economic Impact Payment information on hand when filing.
- Advance CTC letter 6419: In late December 2021,
and continuing into January, the IRS started sending letters to people
who received advance CTC payments. The letter says, “2021 Total Advance
Child Tax Credit (AdvCTC)…
