{"id":809,"date":"2022-01-20T17:53:46","date_gmt":"2022-01-20T17:53:46","guid":{"rendered":"https:\/\/sexworkertaxes.com\/?p=809"},"modified":"2022-01-20T17:53:46","modified_gmt":"2022-01-20T17:53:46","slug":"top-4-things-to-remember-when-filing-income-tax-returns-in-2022","status":"publish","type":"post","link":"https:\/\/sexworkertaxes.com\/index.php\/2022\/01\/20\/top-4-things-to-remember-when-filing-income-tax-returns-in-2022\/","title":{"rendered":"Top 4 things to remember when filing income tax returns in 2022"},"content":{"rendered":"

WASHINGTON \u2014 With filing season beginning January 24, the Internal Revenue Service reminded taxpayers about several key items to keep in mind when filing their federal income tax returns this year.
\nGiven the unprecedented circumstances around the pandemic and unique challenges for this tax season, the IRS offers a 4-point checklist that can help many people speed tax return processing and refund delivery while avoiding delays.
\n1<\/strong>. File an accurate return and use e-file and direct deposit to avoid delays. Taxpayers should electronically file and choose direct deposit as soon as they have everything they need to file an accurate return. Taxpayers have many choices, including using a trusted tax professional.<\/a> For those using e-file, the software helps individuals avoid mistakes by doing the math. It guides people through each section of their tax return using a question-and-answer format.
\n2<\/strong>. For an accurate return, collect all documents before preparing a tax return; make sure stimulus payment and advance Child Tax Credit information is accurate. In addition to collecting W-2s, Form 1099s and other income-related statements, it is important people have their advance Child Tax Credit and Economic Impact Payment information on hand when filing.
\nAdvance CTC letter 6419: In late December 2021, and continuing into January, the IRS started sending letters to people who received advance CTC payments. The letter says, \u201c2021 Total Advance Child Tax Credit (AdvCTC) Payments\u201d near the top and, \u201cLetter 6419\u201d on the bottom righthand side of the page. Here\u2019s what people need to know:
\n\u2022 The letter contains important information that can help ensure the tax return is accurate.
\n\u2022 People who received advance CTC payments can also check the amount of the payments they received by using the CTC Update Portal available on IRS.gov.
\n\u2022 Eligible taxpayers who received advance Child Tax Credit payments should file a 2021 tax return to receive the second half of the credit. Eligible taxpayers who did not receive advance Child Tax Credit payments can claim the full credit by filing a tax return.
\nThird Economic Impact Payment letter 6475: In late January 2022, the IRS will begin issuing letters to people who received a third payment in late January 2021. The letter says, \u201cYour Third Economic Impact Payment\u201d near the top and, \u201cLetter 6475\u201d on the bottom righthand side of the page. Here\u2019s what people need to know:
\n\u2022 Most eligible people already received their stimulus payments. This letter will help individuals determine if they are eligible to claim the Recovery Rebate Credit (RRC) for missing stimulus payments.
\n\u2022 People who are eligible for RRC must file a 2021 tax return to claim their remaining stimulus amount.
\n\u2022 People can also use IRS online account to view their Economic Impact Payment amounts.
\nBoth letters \u2013 6419 and 6475 \u2013 include important information that can help people file an accurate 2021 tax return. If a return includes errors or is incomplete, it may require further review while the IRS corrects the error, which may slow the tax refund. Using this information when preparing a tax return electronically can reduce errors and avoid delays in processing.
\n3.<\/strong> Avoid lengthy phone delays; use online resources before calling the IRS. Phone demand on IRS assistance lines remains at record highs. To avoid lengthy delays, the IRS urges people to use IRS.gov to get answers to tax questions, check a refund status or pay taxes. There\u2019s no wait time or appointment needed \u2014 online tools and resources are available 24 hours a day.
\nAdditionally, the IRS has several ways for taxpayers to stay up to date on important tax information:
\n\u2022 Follow the IRS\u2019 official social media accounts and email subscription lists to stay current on the latest tax topics and alerts.
\n\u2022 Download the IRS2Go mobile app, watch IRS YouTube videos, or follow the IRS on Twitter, Facebook, LinkedIn and Instagram for the latest updates on tax changes, scam alerts, initiatives, products and services.
\n\u2022 Taxpayers can also get information in their preferred language. The IRS translates tax resources into several languages and currently has basic tax information in 20 languages. People can also file Schedule LEP, Request for Change in Language Preference, to receive written communications from the IRS in their preferred language.
\n4<\/strong>. Waiting on a 2020 tax return to be processed? Special tip to help with e-filing a 2021 tax return: In order to validate and successfully submit an electronically filed tax return to the IRS, taxpayers need their Adjusted Gross Income, or AGI, from their most recent tax return. For those waiting on their 2020 tax return to be processed, here\u2019s a special tip to ensure the tax return is accepted by the IRS for processing. Make sure to enter $0 (zero dollars) for last year\u2019s AGI on the 2021 tax return. For those who used a Non-Filer tool in 2021 to register for an advance Child Tax Credit or third Economic Impact Payment in 2021, they should enter $1 as their prior year AGI. Everyone else should enter their prior year\u2019s AGI from last year\u2019s return. Remember, if using the same tax preparation software as last year, this field will auto-populate.<\/p>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON \u2014 With filing season beginning January 24, the Internal Revenue Service reminded taxpayers about several key items to keep in mind when filing their federal income tax returns this year. Given the unprecedented circumstances around the pandemic and unique challenges for this tax season, the IRS offers a 4-point checklist that can help many […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6],"tags":[155,156,154,46,26,138,152,151,153],"class_list":["post-809","post","type-post","status-publish","format-standard","hentry","category-sex-workers","tag-155","tag-156","tag-advance-ctc","tag-economic-impact-payment","tag-irs","tag-tax-return","tag-top-4-things-to-remember-when-filing-income-tax-returns-in-2022","tag-top-5-things-to-remember-when-filing-income-tax-returns-in-2022","tag-trusted-tax-professional"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/sexworkertaxes.com\/index.php\/wp-json\/wp\/v2\/posts\/809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sexworkertaxes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sexworkertaxes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sexworkertaxes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sexworkertaxes.com\/index.php\/wp-json\/wp\/v2\/comments?post=809"}],"version-history":[{"count":1,"href":"https:\/\/sexworkertaxes.com\/index.php\/wp-json\/wp\/v2\/posts\/809\/revisions"}],"predecessor-version":[{"id":810,"href":"https:\/\/sexworkertaxes.com\/index.php\/wp-json\/wp\/v2\/posts\/809\/revisions\/810"}],"wp:attachment":[{"href":"https:\/\/sexworkertaxes.com\/index.php\/wp-json\/wp\/v2\/media?parent=809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sexworkertaxes.com\/index.php\/wp-json\/wp\/v2\/categories?post=809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sexworkertaxes.com\/index.php\/wp-json\/wp\/v2\/tags?post=809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}