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I'm asking for family members who went through a failed adoption a few years ago. I can't remember if it was 2008 or before that? Even though they have receipts and everything, the IRS is claiming they owe money and over $1K in penalties. That's on top of the thousands they lost on the failed adoption itself.
Can anyone give me advice to pass along to them? I feel so bad for them between having a stillborn child, a failed adoption, and foster parenting for a year in hopes of adopting...I feel like they deserve some good luck for once.
I wanted to quickly comment on this:
We finally got approved for our failed adoption claims from fees paid in 2008-2009 on Sept 29th. We had to send in our homestudy, a notarized letter from our agency with the amount we paid to them, copies of every single cancelled check and paid invoice/receipt as well as cover letters itemizing when everything was paid and what it paid for, when the failed adoptions happened, etc. It took us over 6 months to be reviewed and sending in documents 3 times.
However, we do not yet have the money in hand from the IRS. So it still feels a bit like it hasn't been approved....
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I received my credit, IRS asked for copies of home study plus expense proof. I requested a letter from adoption agency as proof and that seemed to be enough for them. It took 3 months. IT CAN BE DONE! The credit helped heal some of the frustration of a failed adoption for sure! It was a $7,000 credit for us.
I am battling the IRS right now to get the adoption credit for my failed/unsuccessful adoption expenses. It's been 7.5 months. IRS keeps saying they need an adoption decree or order. I have none since I have not adopted nor do I have any hopes of adopting soon. I have explained this to them.
There are many people in my shoes who have received the credit without an adoption and received their money. I'm so mad and frustrated right now I want to scream. Now I'm left with no money for an adoption.
For all the posters - was there a final successful adoption involved or ONLY unsuccessful attempts?
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I received the credit for expenses from a failed adoption and haven't yet had a successful one afterwards. You do not need to have an adoption decree - only adoption expenses to claim the credit. Can you list what your types of expenses are and what proof you have sent them (cancelled checks, contracts, receipts, etc)?
We also received the credit for failed adoption expenses without a successful placement. We had to include our homestudy, a notarized letter from the agency indicating we had failed adoptions and our expenses plus our itemized receipts, cancelled checks, etc. I also included a letter detailing when each of our expenses were paid and when. I emphasized the part of the IRS instructions for the adoption tax credit form that stated how to claimed expenses for failed adoptions (page 7 I think) in my letters.
puppykisses111
I am battling the IRS right now to get the adoption credit for my failed/unsuccessful adoption expenses. It's been 7.5 months. IRS keeps saying they need an adoption decree or order. I have none since I have not adopted nor do I have any hopes of adopting soon. I have explained this to them.
There are many people in my shoes who have received the credit without an adoption and received their money. I'm so mad and frustrated right now I want to scream. Now I'm left with no money for an adoption.
For all the posters - was there a final successful adoption involved or ONLY unsuccessful attempts?
Remember that you can only claim the failed adoption expenses the tax year after the adoption attempt failed. Therefor, if your adoption attempt was in 2010 you have to wait until 2011 tax year to claim the failed expenses (so you can claim in 2012 when you file your 2011 taxes)
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We were finally told by the IRS that we are getting our credit. They admitted that you can claim failed adoption expenses without having a finalization. She even read me the notes in their computer system. We still have to wait for the check.
So now I have another question & want to see what everyone's thoughts are. We pretty much used up the credit in 2010. Do we get to start over fresh in 2011 with another $13,360? Has anyone successfully done this in the past without a finalized adoption?
Thanks for the help.