The issue could create tax refund delays for parents if they rely on faulty information to complete their tax returns.
urging people to refer to those forms — letter 6419 — when filling out their tax returns. But on Monday, the agency warned that some of those letters may include incorrect information.
The IRS said it is unclear how many people received erroneous letters, but said it could be a small group of taxpayers who moved or changed bank accounts in December. In those cases, the checks may have been undeliverable, or the direct deposits bounced from the bank where an account was closed, said Ken Corbin, the IRS chief taxpayer experience officer, on a conference call with reporters. Taxpayers who are concerned the letter they received isn't correct should check IRS.
Filing an inaccurate return — such as by guessing how much you received from the advanced CTC payments — could"create an expensive delay," he added. Reporting accurate data about the advanced CTC payments is important because the enhanced tax credit paid half in advance, with the other half to be paid through taxpayers' refund after they file their 2021 tax return. For instance, families with children under 6 are entitled to $3,600 in tax credits, with $1,800 paid in monthly checks from July through December 2021.
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