Wrong Amount on Advance Child Tax Credit Letter 6419?

[TaxGuyBill]

There is an interesting TurboTax question, and that person says their Letter 6419 is wrong.

They looked at BOTH of their online IRS accounts, and the IRS accounts match the amount that they actually received.  But the combined Letters 6419 is showing a different amount.

It is possible it is user error somewhere, but the fact their online IRS account matches the actual amount they received makes it seem legitimate.

Sigh.  It may be another long tax season.

[Just-Lisa-Now-]

Ive seen this reported in other tax pro groups...no clue how we're supposed to deal with this. Maybe its buried in an IRS FAQ somewhere?

[IRonMaN]

I just wanted you folks to be the first to hear ------------- I am officially announcing my retirement.  Today is my last day on the job.

[jeffmcpa2010]

See you tomorrow...Beer and golf clubs in hand.

[abctax55]

"....It may be another long tax season."

MAY ?!?!   I think it already is...

I may resort to the earlier suggestion somewhere (in a different thread) of firing all clients with children 🤣

[Hillenburg]

It's not that easy.

[MyFamilyTaxes]

Just to chime in that I do taxes and I'm a mom, and the amount on our Form 6419 also seemed incorrect: only half of the amount reported in the CTC portal.  But apparently even for married filing jointly they are sending two separate letters to spouses. Rather than the letters being duplicates, you're supposed to add the amounts together. There may be actual errors but it may be worth asking your client if they are adding the two together or assuming they were duplicates.

[CJ from Maine]

Always remember...the amount that IRS provides may not match the amount received, if there is an outstanding collection against the taxpayer, just sayin...😉

[BethanySarahhh]

Mine is over a grand less on the form than what I actually received. I have already filed. Sigh. We will see if it gets kicked back 

[qbteachmt]

Only very narrow specific collections can be taken from these payments. It's not as liberal as EIP or tax refunds. Let's not start rumors.

And...

You’ve come to a Peer User community for Intuit Income Tax Preparation products supporting tax preparation professionals using ProSeries, Proconnect and Lacerte Tax Preparation programs, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

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Thanks.

[Just-Lisa-Now-]

@BethanySarahhh   

Did you use the amount on the letter, or what your records show you actually received?

[BethanySarahhh]

I used the amount I actually received.

[Just-Lisa-Now-]

It will be interesting to see if the return gets sucked into manual processing or not.

[BethanySarahhh]

I’ll keep you guys updated!

[The_AntiTax_Man]

@TaxGuyBill   Thank you the heads up.

[lucrecia]

Hi Lisa, do you know if we can split the amounts on 6419? 

[Just-Lisa-Now-]

Im not sure what you mean by split the amounts....I know we've got a line for Taxpayer and a line for Spouse (payments came separately for each person) on that Form 8821.

[abctax55]

Lisa... her other thread:

https://proconnect.intuit.com/community/tax-talk/discussion/hello-all-question-on-the-advctc-form-le...

[Just-Lisa-Now-]

Ahhh, ok.  No splitting anything, you got what you got. 

If its  not enough, you will get more. 

If you got too much, you may have to pay some back, depending on your situation.

[IntuitGabi]

IRS Statement ---Child Tax Credit Letters

[lucrecia]

Well what my question shouldve been is, did you find a way how to alter amounts from the 6419. A Client who has 2 dependents is giving 1 of her dependents to her Partner who has zero dependents last year. So the software is computing that the Client pay more because 1 missing dependent from the advance child credit. And the Partner is now receiving credit for that dependent but yet the Client had already received that credit on her 6419. Do you know a way how to adjust this? ..Im sorry i know it sounds really confusing how the way i explained it. Lol , and thank you for replying by the way i appreciate it!.

[TaxGuyBill]

---

@lucrecia wrote:

Well what my question shouldve been is, did you find a way how to alter amounts from the 6419. A Client who has 2 dependents is giving 1 of her dependents to her Partner who has zero dependents last year. So the software is computing that the Client pay more because 1 missing dependent from the advance child credit. And the Partner is now receiving credit for that dependent but yet the Client had already received that credit on her 6419. Do you know a way how to adjust this? ..Im sorry i know it sounds really confusing how the way i explained it. Lol , and thank you for replying by the way i appreciate it!.

---

There is nothing to adjust.

The client gets the credit for one child, minus her advance credit (based on two children).

The "partner" gets full credit for the one child.   The fact that your client received Advance payment for the child does not affect that at all.

[lucrecia]

The "partner" gets the full credit for the child but when i put zero on partners 6419 worksheet it gives partner an additional $1,800 refund. I need to remove that because "client" already received that $1,800 on her Advance Child tax payment.

[TaxGuyBill]

Re-read my comment above.

[lucrecia]

Thank you for your help i appreciate it! 

[qbteachmt]

It's possible that someone who got funds and does not qualify, is going to see on their tax form that the amount they got will be listed as "more taxes owed" which means they have to repay. For certain income levels, there is repayment forgiveness. Just go through the process. Of course, it would be nice if they avoid double-dipping, but that isn't always possible.

[MrLiam]

I'm replying here because I can't find a way to ask a question. My daughter lives in a foreign country, and I do her tax return for her. She received AdvEITC checks in 2021, but since she wasn't eligible (foreign residency), I returned the checks to the IRS. However, she still got a 6419 letter indicating she was paid. I'm not sure what to do, but I'm leaning towards filing her return and showing zero received, and then await the inevitable letter claiming additional taxes due from the IRS and dealing with it then.

[qbteachmt]

@MrLiam 

"I'm replying here because I can't find a way to ask a question."

You seem to be lost on the internet. You don't seem to have a Software Use question.

You’ve come to a Peer User community for Intuit Income Tax Preparation products supporting tax preparation professionals using ProSeries, Proconnect and Lacerte Tax Preparation programs, and you may be looking for support as an individual taxpayer using TurboTax. Please visit the TurboTax Help site for support.

And try this screen, for the various topics (subforums): https://ttlc.intuit.com/community/discussions/discussion/03/302

Your sign in user info here is the same one you can use over at the TurboTax forum.

Thanks.

[Taxprohere]

The GateKeeper at work! 🏰