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Advanced Child Tax Credit

Advance CTC payments must be reconciled on the 2021 tax return. Excess advance payment amounts received will be required to be repaid in certain circumstances. To reconcile amounts received for the advance child tax credit, entries must be made on the 8812 screen in Drake Tax 2021.

Other videos in this category:

Computing Taxable State Refund with AMT

Calculate the taxable portion of the state refund carry to next year's return when the taxpayers is subject to AMT. [CC]

PDF Attachment

Electronically attach PDF files to Form 1040 and other specific tax forms. [CC]

Disaster Relief for 2020

Use Form 8915-E to report distributions due to Coronavirus and other disasters.