IRS Audited 69% of Filers Who Claimed Adoption Tax Credit
Adopting a child can be a laborious, time-consuming, and expensive process. So why is the IRS trying to make it even more laborious, time-consuming, and expensive? As David French notes, in 2012, the IRS requested additional information from 90 percent of returns claiming the adoption tax credit and went on to actually audit 69 percent: So Congress implemented a tax credit to facilitate adoption – a process that is so extraordinarily expensive that it is out of reach for many...