BOLO (Be On the Lookout)
The IRS will be mailing out letters in January that everyone needs to be looking for and placing with their 2021 tax documents. The letters specify the amounts the IRS has on record that was sent to taxpayers for the stimulus payments in early 2021 and the Child Tax Credit from July to December. Letter 6475 will be issued for those that received the stimulus payment. Letter 6419 will be issued to those that received the Child Tax Credit. The amounts reported on these letters need to match the amounts reported on the taxpayer's return or the processing of the return will be delayed.
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J. Alan Hayes