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Started By
Message
Need some free CPA help
Posted on 7/1/22 at 12:52 am
Posted on 7/1/22 at 12:52 am
I never cashed any of the advanced child tax credit checks last year. Can I just claim them on my taxes as not received and void the checks or do I need to cash the checks?
Posted on 7/1/22 at 5:43 am to cubsfan5150
I see you are as lazy using Google as you are cashing checks you receive.
Posted on 7/1/22 at 6:20 am to cubsfan5150
quote:
Can I just claim them on my taxes as not received and void the checks
No
Source: I am a CPA
Posted on 7/1/22 at 8:28 am to iAmBatman
quote:
quote:
Can I just claim them on my taxes as not received and void the checks
No
Source: I am a CPA
Really? That's interesting to me. What happens if you never receive the checks because they are lost in the mail? Yes, you were sent them...but they never hit your bank account.
Posted on 7/1/22 at 8:44 am to cubsfan5150
quote:
I never cashed any of the advanced child tax credit checks last year. Can I just claim them on my taxes as not received and void the checks or do I need to cash the checks?
What do you think this is going to accomplish?
Posted on 7/1/22 at 9:02 am to OT_Marvel
quote:
Really? That's interesting to me. What happens if you never receive the checks because they are lost in the mail? Yes, you were sent them...but they never hit your bank account.
That's different than what the OP is asking.
If your scenario were the case, you'd have to provide some documentation to support your claim. The IRS also provides some resources to help with this:
Did you have an advance payment of the Child Tax Credit issued to you, but did not receive it?
Posted on 7/1/22 at 12:52 pm to iAmBatman
quote:
Can I just claim them on my taxes as not received and void the checks
No Source: I am a CPA
I’m a CPAA which is like a Dr compared to a CPA being a nurse.
Hold the checks until a year where you need the credit and claim them that year. Fyi there’s a 15 year statute of limitations on doing this.
Posted on 7/1/22 at 12:56 pm to Murray
quote:
I’m a CPAA which is like a Dr compared to a CPA being a nurse.
Posted on 7/1/22 at 1:49 pm to iAmBatman
quote:
Source: I am a CPA
I’m genuinely disappointed you didn’t write that as iAmCPA
Posted on 7/1/22 at 1:56 pm to Joshjrn
quote:
I’m genuinely disappointed you didn’t write that as iAmCPA
now that you bring it up, I'm disappointed in myself
Posted on 7/1/22 at 5:46 pm to OT_Marvel
quote:did you request to receive your credits in advance or was it automatically sent to you without provocation?
Really? That's interesting to me. What happens if you never receive the checks because they are lost in the mail? Yes, you were sent them...but they never hit your bank account.
Posted on 7/1/22 at 8:48 pm to cubsfan5150
quote:
I never cashed any of the advanced child tax credit checks last year. Can I just claim them on my taxes as not received and void the checks or do I need to cash the checks?
Posted on 7/1/22 at 11:20 pm to ODP
Eh, I thought one was expired, but they're all still good. Filed my taxes today and will cash the checks in a few.
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