Child Tax Credit Advance Payments: IRS Letter 6419

Posted on February 8, 2022

AAFCPAs would like to make clients aware that the IRS has started mailing copies of its Letter 6419, which outlines Advance Child Tax Credit payments that may have been received by taxpayers between July 2021 and December 2021. Taxpayers will need this letter when filing 2021 taxes and to claim the remaining credit. Reporting the correct amount on your 2021 return will aid the IRS in processing your return and prevent delays of refunds.

Note: In late January, the IRS warned that some of the letters mailed included incorrect information, which may complicate some taxpayers’ tax filing. If you did not keep a record of your payments received, you may confirm with the IRS website.>>

For the Advance Child Tax Credit, the IRS sent amounts that were paid to each taxpayer separately. Therefore, if you file a married filing jointly tax return, then each spouse will receive a separate Letter 6419 and the two will be added together. The IRS provides samples of what the Letter 6419 looks like.>>

If you have questions, please contact Matt Lougee, CPA, MSA at 774.512.4195, mlougee@nullaafcpa.com; Dan Seaman, CPA, at 774.512.4134, dseaman@nullaafcpa.com; or your AAFCPAs Partner.

About the Author

Daniel Seaman, CPA

Dan is a leader in AAFCPAs’ Tax Practice advising select clients, including high-net-worth individuals along with their families and business interests. He works extensively with AAF Wealth Management clients, helping to ensure the seamless execution of their holistic financial plans. He navigates the intricacies of compliance, taxation, wealth optimization, asset protection & privacy. Since joining the firm in 2007, Dan has embraced AAFCPAs’ integrated service model as key to client success. He recognizes that this combination of tax and wealth management expertise leads to better-informed decisions, increased tax efficiency, and an enhanced client experience—all contributing to greater success in achieving a clients' financial goals.