Helpful Adoption Tax Credit Info

Federal Adoption Tax Credit—The IRS has released the 2011 form needed to claim the Federal Adoption Tax Credit, Form 8839. The IRS has also updated the instructions that accompany form 8839. Notably, the IRS has created a table (pg. 4 of the instructions) detailing what documentation is needed when filing for the credit, based on the type of the adoption. The IRS is also committed to updating the website regularly with future developments on the credit, including legislation enacted.

To learn more visit: http://www.irs.gov/formspubs/article/0,,id=235825,00.html