Tax Credit update 2011

 TI wanted to let you know some current news on the Adoption Tax Credit. This is from the North American Council on Adoptable Children. There are many great articles linked here. The following is only a partial from their site.

Update on the Adoption Tax Credit

In the last few weeks, NACAC has gathered information about what’s happening with the adoption tax credit. Almost all of the parents we heard from had not yet received their adoption tax credit, although
most have received their regular refund. We have also heard reports that the IRS is reviewing up
to 90 percent of the adoption tax credit filings, although we do not know if this number is accurate.

A few families have reported to us that they received their refund with the adoption tax credit. Although this was a very small proportion of the people who responded to us, it is heartening to know that the credits are being paid.

For those who are experiencing delays, there are two different situations:

The IRS is informing families that the credit is under review and may take 45 to 90 days to process. The IRS is requesting documentation of the adoption. In most cases, families sent the correct documentation with their return but it has somehow been separated. Please re-send the documentation, being sure to include your name and social security number on each page.

If you haven’t received your regular refund, we recommend that you contact the IRS and ask why this part of your return has not been processed.

Anyone who feels like they are being treated unfairly or who has a financial hardship can consider contacting their taxpayer advocate.

Please contact us at taxcredit@nacac.org
to report any unusual problems you are having or if you need help with a specific issue.
                                                                                                                                                         Webinar on the Adoption Tax Credit 

NACAC is hosting another webinar on the adoption tax credit. Join us on April 11 at 2 pm central (3 pm eastern, 1 pm mountain, noon pacific) to learn about how to access the credit for adoptions from 2005 to
2011. Fees are $15 for NACAC members and $20 for non-members.    Register here