Federal 2011: Child Tax Credit
Note: If you received IRS Letter 4676C please use this article for additional information and options on how we can assist you.
On a federal tax return, taxpayers may be able to deduct a minor dependent and receive related credits.
Certain customers, who reported having a qualified minor dependent who lived with them for less than seven months, may have filed an incorrect tax return.
TurboTax has fixed this issue.
How to tell if you may be impacted
You may be affected if ALL of the following are true:
- You filed a 2011 federal tax return before February 23, 2012 AND
- Your return included a dependent who was born prior to 2011 AND
- That dependent lived with you for less than seven months during tax year 2011 AND
- Your federal Form 1040 has an amount on Line 51 (Child Tax Credit) and/or Line 65 (Additional Child Tax Credit) OR
- Your federal Form 1040A has an amount on Line 33 (Child Tax Credit) and/or Line 39 (Additional Child Tax Credit)
If you are affected, you may have incorrectly received a child tax credit, and may have underpaid your federal tax. You will need to amend your federal tax return and possibly your state return as well.
To view a copy of the email that was sent in March click here.