Friday, May 24, 2013

How to Increase Your Chance of IRS Audit...Adopt

My wife and I had four kids. We know how to share our love with them. But what if we couldn't have kids? What if we wanted to adopt a child years ago? Back them in the 60s and 70s it would have been great to adopt children. Of course, back then they came with tax credits!


Fast forward to the 21st century. Now, an adopted child comes with the possibility of a tax audit! Recently a report by the IRS’s Taxpayer Advocate Service found that nearly 70% of adoptive families, more than 35,000, had at least a partial audit of their tax return.


Read more: http://www.foxnews.com/us/2013/05/24/nearly-70-percent-adoption-credit-claims-were-audited-by-irs-report-finds/#ixzz2UFnIQDtZ