Didn’t Receive an Economic Impact Payment in 2021? Watch Out for a Letter from the IRS that Can Help You Claim It!

The IRS will begin issuing Letter 6475, Your Third Economic Impact Payment, to EIP recipients in late January. This letter will help Economic Impact Payment recipients determine if they are entitled to and should claim the recovery rebate credit on

Did You or Your Employer Defer Social Security Taxes in 2020? Half of the Deferred Amount is Due on January 3, 2022!

The IRS reminds employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax obligation that a payment is due on January 3, 2022. Most affected employers and self-employed individuals received reminder billing notices from

Advance Child Tax Credit Recipients – Look Out for a Letter From the IRS That You Will Need to File Your 2021 Tax Return!

The IRS announced that it will issue information letters to Advance Child Tax Credit recipients starting in December and to recipients of the third round of the Economic Impact Payments at the end of January. Using this information when preparing

The Last 2021 Child Tax Credit (CTC) Payment has Been Made to Families. What Can You Do if You Missed Out?

American families will soon receive their final advance Child Tax Credit (CTC) payment for the month of December. Eligible families who did not receive advance payments can claim the Child Tax Credit on their 2021 federal tax return to receive