Notices 6475 & 6419 – Advanced Child Tax Credit & EIP

New for 2021 tax year, everyone will be receiving notice 6475 from the IRS, which will be used to complete your 2021 income tax return. The IRS will begin processing these notices in late January. Notice 6475 will list the amount received for the 3rd round of Economic Impact Payments. This information will be required to complete your 2021 income tax return.

Taxpayers who received advance Child Tax Credit will also receive IRS notice 2419. This letter will include the amount of Child Tax Credit that was advanced to you throughout 2021. This amount will be reconciled to the actual Child Tax Credit on your 2021 individual income tax return and determine the amount of your remaining credit due or amount owed.