07/15/2021
I have posted a link on this page if anyone wants to unenroll from the advanced child tax credit. You will have to do this by the 30th of July 2021 to prevent another payment in August.
When you file your taxes for 2021, you will have to disclose to your tax professional how much you received in advanced payments. The processing of your tax return will be held up if the amount you report does not match the IRS"s files.
If you receive more money than you should have, you could be required to pay it back thru a balance due on your tax return.
For further assistance, please get in touch with me.