The Law Office of Louis S. Haskell offers low fees and speedy tax returns and refunds. However, if taxpayers look out for two specific letters, they can help themselves avoid delaying their refunds. Specifically, watch for the letter 6475 and letter 6419 to be mailed in January. Spotting these two letters can be critical to tax preparation and getting your money as soon as possible.
Letter 6475 will state the amount received for the Economic Impact Payment better known as stimulus checks. Your tax professional needs this information but remember it is not taxable.
Letter 6419 is for those that received the Advanced Child Tax Credit payments. If you did not opt out of these advance payments over the summer, you should receive this letter if you have children 17 and under that qualify you for the child tax credit. Of course, if you do not have children, you will not receive this letter.
It is very important to provide these letters to tax professionals such as the ones who work in our office. Just in case you don’t receive them, you can go to the IRS website and create an account to retrieve your transcripts.
It is important you do not rely only on your memory for the amounts received. Getting this vital piece of information wrong will have serious consequences for your money and will hold up processing of your return and your refund.
At the Law Offices Of Louis S. Haskell, we are open all year-round to help you deal with tax problems as they come. Attorney Haskell is a fully licensed Enrolled Agent and tax lawyer eager to help clients wade through IRS rules and regulations. We offer low fees and speedy tax returns and refunds. We also defend audits and help with collection issues and Tax Resolution.
Tax rules can be complex, and my office is here to assist you. Here is one tip that always helps – stay organized, start a folder now and place all your important tax information in it as you receive it. Open those envelopes. Inside might be a letter that will get you your refund faster.