2022 February Ask the Expert Panel: 2022 ACTC and EIP Issues
IRS Program #: X9QQU-U-00848-22-O
CE: 1 for live viewing only
Speaker: Amber Gray-Fenner, EA, USTCP
In this course we will cover the most recent
IRS guidance for issues that may arise when reconciling Advance Child Tax
Credit payments using Letter 6419 and reconciling Economic Impact Payments for
purposes of the Recovery Rebate Credit using Letter 6475. The course will focus
on best practices and recommendations for reconciliation issues including when
amounts received are different from those reported on the Letters. Basic
mechanics of completing the credit reconciliations using the Recovery Rebate
Credit Worksheet and/or Form 8812 will not be covered.
Learning Objectives:
Upon completion of this course participants
should be able to
- Identify where to report and reconcile Advance CTC payments for determining the proper amount of Child Tax Credit.
- Identify where to report and reconcile Economic Impact Payments for determining any applicable Recovery Rebate Credit.
- Locate current IRS guidance on reconciling the information in Letters 6419 and 6475.
- Apply current IRS recommendations and best practices for resolving issues related to reporting discrepancies in Letters 6419 and 6475 including tracing missing payments.
Continuing Education
This course qualifies for IRS Continuing Education Hours. NAEA reports IRS CE on a monthly basis. If you have not received your CE Hours in your IRS PTIN Account by the end of the month after receiving the certificate, please contact NAEA at education@naea.org.
Webinar Refund Policy
To request a refund, contact the NAEA education team via email at education@naea.org. An NAEA education team member will review the request for refund. If the refund request has been approved, the refund will be refunded on the same method of purchase. Live Webinars, also offered On-Demand Webinars will not be refunded.