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Yahoo Money IRS warns of inaccurate tax forms for the Child Tax Credit Gabriella Cruz-MartinezPersonal finance writer Wed, January 26, 2022, 3:28 PM If you’re one of the 36 million families that received advance Child Tax Credit (CTC) payments last year, the tax form documenting those payments could contain errors.... The Internal Revenue Service (IRS) told reporters this week that it is investigating complaints from taxpayers who said the IRS 6419 letter does not reflect the correct amount of CTC payments they received in 2021. Using that inaccurate information on your return could delay your tax refund. While the agency has yet to identify how many people were mailed inaccurate letters, the mistake is understood to be limited to a small subset of taxpayers who recently relocated or changed bank accounts in December. I know it can be a bit confusing and frustrating for folks doing their taxes, because I and others in the media have been pushing to keep an eye out for the IRS Letter 6419 and 6475, and now we’re discovering that a small number of them had an error in the amount, said Joanna Ain, associate director for nonprofit Prosperity Now. The important takeaway is that there is a way to rectify this if you take a look online. A couple is carefully studying their financial status.

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