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cubsfan5150
US Air Force Fan
Member since Nov 2007
13785 posts

Need some free CPA help

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?


Realityintheface
USA Fan
Member since May 2022
1682 posts

I see you are as lazy using Google as you are cashing checks you receive.


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152
iAmBatman
USA Fan
The Batcave
Member since Mar 2011
12382 posts

quote:

Can I just claim them on my taxes as not received and void the checks


No

Source: I am a CPA


OT_Marvel
LSU Fan
LA
Member since Nov 2019
218 posts

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.


Mingo Was His NameO
LSU Fan
Brooklyn
Member since Mar 2016
25455 posts

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?


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100
iAmBatman
USA Fan
The Batcave
Member since Mar 2011
12382 posts

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?


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62
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USA
Member since 2001
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Murray
New York Mets Fan
Member since Aug 2008
13681 posts

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.


iAmBatman
USA Fan
The Batcave
Member since Mar 2011
12382 posts

quote:

I’m a CPAA which is like a Dr compared to a CPA being a nurse.





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40
Joshjrn
LSU Fan
Baton Rouge
Member since Dec 2008
22549 posts

quote:

Source: I am a CPA


I’m genuinely disappointed you didn’t write that as iAmCPA


iAmBatman
USA Fan
The Batcave
Member since Mar 2011
12382 posts

quote:

I’m genuinely disappointed you didn’t write that as iAmCPA



now that you bring it up, I'm disappointed in myself


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ChexMix
USA Fan
Taste the Deliciousness
Member since Apr 2014
18417 posts

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.
did you request to receive your credits in advance or was it automatically sent to you without provocation?


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00
ODP
Baylor Fan
Conroe
Member since Oct 2015
1716 posts

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?






cubsfan5150
US Air Force Fan
Member since Nov 2007
13785 posts

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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