Excerpt: As of August 2011, 68 percent of the nearly 100,000 returns on which taxpayers claimed the adoption credit were sent to correspondence audit. However, of the approximately 35,000 returns on which audits have been completed as of August, IRS only assessed additional tax about 17 percent of the time. The equivalent rate for all correspondence audits in 2010 was …
Category: adoption tax credit
WEBCAST: The Adoption Tax Credit
Helping American Families: The Adoption Tax Credit and the Affordable Care Act Date: Tuesday, October 5, 2010 Time: 12:30 PM Eastern,11:30 AM Central, 10:30 AM Mountain, 9:30 AMPacific Watch live at: www.hhs.gov/live You are invited to join senior administration officials and leading advocates for a webcast to discuss the importance of the Adoption Tax Credit, and the key improvements made …