IRS Audits of Adoption Tax Credits

IRS AUDITS OF ADOPTION TAX CREDIT

The Adoption Tax Credit was created by Congress in 1996 to encourage adoption by helping offset the costs.

This laudable objective is being destabilized according to a report released by Fox News that 70% of taxpayers claiming the adoption tax credit were audited by the IRS. When you consider only 1% of tax returns are typically audited, the chilling factor this creates for adoptive families is unacceptable.

Read the full story here: Report Finds Nearly 70% of Adoption Tax Credit Claims Were Audited By The IRS.

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