Monday, July 18, 2011

Adoption Tax Credit Update

After receiving my adoption credit documentation on 6/6, the I R S just sent notice that I should hear from them by 8/20; well over the 45 day max for reviews.

By the way, has anyone received their money from the I R S yet?


Vivian M said...

I don't know anyone who has yet. It seemed everyone had to provide more proof.

Anonymous said...

We actually received ours right away. Not sure if it was because of all the documentation that our CPA told us to include with our return or not.

However, that being said, since having experienced the IRS sending credit money in the past (for something else) and then 6 months down the line requesting additional information to support the credit or saying they will want their money back plus penalties and interest (and the back and forth of communication continuing for almost 8 months and luckily resolved in our favor), it will remain to be seen how our adoption credit pans out. Not fun, but the lesson we learned is to always be prepared and have all of our documents to support each line item on our tax returns. (And on the advice of our CPA it didn't hurt that when I spoke with our IRS agent each time, I spoke very respectfully, didn't get excited and informed her how much we appreciated her helping us resolve this issue).

Take care.


shelley said...

we received ours after a quick request for ANOTHER document (which turned out to be in there anyway) Then this last week we received a letter saying we owe 1000....what? So we have to go back again and see what the problem is. Amazing to me that the right hand doesn't know what the left hand is doing.