Comments for Adoption Update

Comment on 2009 Adoption Tax Credit by adoptionupdate

adoptionupdate — Fri, 06 Nov 2009 17:35:36 +0000

It is my understanding that in order to qualify for the tax credit, you have to have a finalized adoption. So, no, you are not eligible. However, if you plan to complete the adoption in the future, you will qualify for the tax credit in the year that your adoption finalized. So, even if you spent $16,000.00 in 2009 and do not complete the adoption until 2010 or later you will qualify for the credit once everything has finalized. Assuming that the adoption tax credit is still a federal program. Hope that is helpful. Again, I am not a professional, so you may want to ask an adoption lawyer or your agency as well.

Comment on 2009 Adoption Tax Credit by Sandra

Sandra — Fri, 06 Nov 2009 16:59:32 +0000

We had hoped to adopt in 2009 and spent about $16,000 in adoption fees through our agency but had to back out as my husband lost his job. Are we still eligible for the 2009 adoption credit of $12,000?

Comment on What Do You Think About This? by Glynis

Glynis — Sat, 31 Oct 2009 14:41:47 +0000

I think comedy is best when it’s clever. Anyone can make fun of something or someone. There’s no talent in that.

He’s offensive to everyone in this film.

Comment on Ethiopia Update by Glynis

Glynis — Sat, 31 Oct 2009 14:36:41 +0000

Hi there,

So, if our child is in Mekele, we’re good?

Thanks, g

Comment on 2009 Adoption Tax Credit by Andy

Andy — Wed, 21 Oct 2009 01:06:32 +0000

Thought you might find this info from the IRS.gov website helpful;
“The adoption credit is an amount subtracted from your tax liability. For expenses paid prior to the year the adoption becomes final, the credit generally is allowed for the year following the year of payment. A taxpayer who paid qualifying expenses in the current year for an adoption which became final in the current year, may be eligible to claim the credit for the expenses on the current year return, in addition to credit for expenses paid in a prior year.”
We’ve paid most expenses in ‘09, but won’t finalize in ‘10. We’ll be able to deduct ‘09 expenses for the coming tax year.

Comment on What Do You Think About This? by Tk91

Tk91 — Thu, 03 Sep 2009 07:08:40 +0000

Wow! Well…first I guess I have to say consider the source! I mean Pauly Shore?!!? What would one expect? I have to wonder what his motivation is to pick international adoption as a topic to poke fun of…can’t help but wonder if he is motivated by the publicity of Madonna and Angelina Jolie’s international adoptions. Hmmm… Well…one positive is that this film (if it makes it into the mainstream) will give those in the adoption triad an opportunity to speak their own truth about adoption.

I do have to say, though, it breaks my heart for adoptees, because once again they appear to be the “pawn” in the adoption cycle.

One a side note…some of his comments are pretty racist and may be very offensive to Africans, in particular!

Thanks for sharing the clip! It is stay to be informed about what’s coming out of “hollywood”.

Speaking about international adoption…I just watched another film “referencing” international adoption. It is called Gigantic. It is an independent film. Makes adoption seem pretty much a breeze for the adoptive parents once the paperwork and interviews are over. More fodder to feed the rumor mills.

Comment on What Do You Think About This? by Emily Murray

Emily Murray — Thu, 27 Aug 2009 21:27:05 +0000

ok, let me qualify my earlier post. I’m just wondering if he’s trying to prove a point about how nonchalant some westerners can be about the suffering of the rest of the world. If in fact he is just being rude and shocking for a laugh, I agree that it’s very very tasteless and inappropriate. If however his aim is to point out drastic insensitivity in a people group who have real means to help these orphans, then maybe he has a platform. I’m sorry if I was unclear or insensitive.

Comment on What Do You Think About This? by Emily Murray

Emily Murray — Thu, 27 Aug 2009 15:59:52 +0000

potentially hillarious, potentially offensive, I’m gonna say I’m interested

Comment on 2009 Adoption Tax Credit by adoptionupdate

adoptionupdate — Thu, 27 Aug 2009 15:04:01 +0000

If you adoption finalizes in 2009 you are eligible for the tax credit. You claim it on your 2009 taxes. I have not heard about your second question concerning refund or owing on your taxes. Who told you that? Do you have a CPA or adoption lawyer to ask? I would start there.

Comment on 2009 Adoption Tax Credit by Deborah

Deborah — Sat, 22 Aug 2009 16:07:33 +0000

I know in previous years you had up to five years to claim the tax credit, is this still true if your adoption is complete in 2009? Also, we were told that the tax credit only applies if you owe taxes at the end of the year. We usually get a refund. Do we loose the refund for 2009 because we over paid or does the credit go toward our total federal tax liability? Meaning we get a full refund of up to $12,150 depending on how much our liability is?