February 22, 2022
Top Questions for 2021 Tax Filings
On Monday, January 24, The IRS began receiving 2021 tax returns. The IRS has suggestions to file accurately to increase the speed of your refund [IR-2022-18, 1-24-22]. The IRS anticipates processing 160 million individual tax returns before April 18th , 2022. The top questions posed to the IRS for 2021 tax filing include topics related to:
- The Child Tax Credit (CTC) Basic information
- Eligibility rules for claiming the 2021 CTC on a 2021 return
- Reconciling Advance Child Tax Credit Payments and Claiming the 2021 Child Tax Credit on Your 2021 Tax Return
- Claiming the 2021 Child Tax Credit If You Don’t Normally File a Tax Return
- Commonly Asked Immigration-Related Questions
To read the entirety of the IRS Bulletin IRS issues 2021 Filing Season frequently asked questions, information to help taxpayers preparing their 2021 returns.
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Maria is a Partner at Wilke & Associates, serving closely-held businesses in manufacturing, real estate, transportation/logistics, technology industries, and high net worth individuals and executives in delivering effective tax strategies.