IRS Sends Letters Regarding Advanced Child Tax Credit and Third Economic Stimulus Payments
The IRS announced that they started issuing information letters to advance child tax credit recipients in December. Recipients of the third round of the Economic Impact Payments will begin receiving information letters at the end of January. It is important to retain these documents and provide them to your tax advisor this filing season since […]
Another IRS scam is looming: Watch out for the child tax credit scam
For the past few months, we’ve discussed several IRS tax scams that we felt you should be aware of. Unfortunately, this one, there’s a new one making the rounds. The IRS is now warning taxpayers of child tax credit scammers. Spotting fraud The IRS reports that criminals are using the child tax credit as a […]
What is the child tax credit?
Do you have questions about the child tax credit, who is eligible to receive it, and the impact it could have on your tax liability? You’re not alone. For this blog post we wanted to break down some of the most common FAQs. When does it start? Eligible households likely received their first payment on […]