News and Events

 

New Research on the effects of prenatal drug exposure:

Maternal Substance Abuse and Child Development Project (MSACD) 
http://www.psychiatry.emory.edu/PROGRAMS/GADrug/about.htm

Update on the Effects of Cocaine in Pregnancy
By Claire D. Coles, Ph.D.
http://www.psychiatry.emory.edu/PROGRAMS/GADrug/cocaineeffects.htm

The 2001 Adoption Tax Credit
Modification Update 2008 Q&A
by
Attorney Mark McDermott
American Academy of Adoption Attorneys

A favorite Pediatrician, and member of this Denver, Colorado practice, has recomended this book for new parents

www.naturallyhealthykids.com

ASA has two adoptive parent profile sites,
www.unplannedpregnancyhelp.org and
www.adoptive parentprofiles.org
anticipating the day when more birth mothers have access to the Internet. We invite you to visit the site.

Attention Adult Adoptees born in Bexar County, Texas (San Antonio)

Bexar County has an attorney who along with her other duties, can help adult adoptees adopted in Bexar County unseal their birth records for free (Excepting administrative fees: $50.00 Court costs to unseal the file, $5.00 to research the Cause Number, and approximately $10.00 in copy fees).

Contact: Ms Amber Liddell, Staff Attorney 210-335-2123 email: aliddell@co.bexar.tx.us

Oxford Adoption Foundation Adoption Loans

Dear Sir/Madam:

Murray and Valerie Wise have formed the Oxford Adoption Foundation which specializes in granting low interest loans to famlies who are pursuing international adoptions.

Murray and Valerie have firsthand experience as they adopted twins from Russia two years ago.  The loans provided are typically $5,000 per child with a repayment schedule as follows:

1st - 3rd years - 0% interest
4th - 6th years - 3% interest
7th - 9th years - 6% interest
Total of 9 year loan

The loans can be paid off at any time without penalty.

If such a service is of interest to any of your adoptive families, we would welcome the opportunity of hearing from you.

Sincerely,
Jamie Knight
Oxford Adoption Foundation, Inc.
4309 Crayton Rd.
Naples, FL  34103
239/430-6240
239/430-4663 (fax)
jamiekathm@aol.com
www.oxfordadoption.com

October 27, 2001 From the American Academy of Adoption Attorneys:

The adoption tax credit is adjusted each year
based upon the cost of living allowance. The
adjusted numbers have been published by
the IRS in Revenue Procedure 2011-52. The
maximum credit for 2012 will be $12,650. The
full credit will be available to taxpayers with
modified adjusted gross income of $189,710
or less and the amount of the available credit
phases out to zero as modified adjusted gross
income approaches $229,710.

 

From the Internal Revenue Service November l997

When your clients adopt children they may need an ATIN.
If your clients have children in their home pending a final domestic adoption, they may be affected by the new Adoption Taxpayer Identification Number (ATIN) program that we are implementing in January of 1998.
An ATIN is a temporary identification number issued until a Social Security Number can be obtained for the adopted child. It is not a permanent valid identification number. You would need the ATIN to put on your clients' federal income tax forms to identify the child while the adoption is pending so they can claim the child as a dependent and, if eligible, claim the child care credit.
To get an ATIN, your client must complete Form W-7A, Application for Taxpayer Identification Number for Pending Adoptions.
Beginning in mid-December, the form will be available at IRS walk-in sites or by calling 1-800-829-3676. Or, you may download the form now from the Internet at http://www.irs.ustreas.gov.
More detailed information is on the instructions on Form W-7A. To file the form, submit it with the necessary documentation to the address below or drop it off at an IRS walk-in site,after Dec, 15, 1997.
Internal Revenue Service
Philadelphia Service Center
ATIN Unit P,O. Box 447
Bensalem, PA 19020

New Numbers for Adoption Tax Credit

Revenue Procedure 2006-53, containing a complete rundown of inflation adjustments
for 2007, is posted on the IRS Web site at:

http://www.irs.gov/pub/irs-drop/rp-06-53.pdf

and will appear in Internal Revenue Bulletin 2006-48, dated Nov. 27, 2006.
Below are the adjustments related to adoption:
3.03 Adoption Credit. For taxable years beginning in 2007, under § 23(a)(3) the credit
allowed for an adoption of a child with special needs is $11,390. For taxable years
beginning in 2007, under § 23(b)(1) the maximum credit allowed for other adoptions is
the amount of qualified adoption expenses up to $11,390. The available adoption credit
begins to phase out under § 23(b)(2)(A) for taxpayers with modified adjusted gross
income in excess of $170,820 and is completely phased out for taxpayers with modified
adjusted gross income of $210,820 or more. (See section 3.15 of this revenue
procedure for the adjusted items relating to adoption assistance programs.)
.
3.15 Adoption Assistance Programs. For taxable years beginning in 2007, under
§ 137(a)(2) the amount that can be excluded from an employee’s gross income for the
adoption of a child with special needs is $11,390. For taxable years beginning in 2007,
under § 137(b)(1) the maximum amount that can be excluded from an employee’s gross
income for the amounts paid or expenses incurred by an employer for qualified adoption
expenses furnished pursuant to an adoption assistance program for other adoptions by
the employee is $11,390. The amount excludable from an employee’s gross income
begins to phase out under § 137(b)(2)(A) for taxpayers with modified adjusted gross
income in excess of $170,820 and is completely phased out for taxpayers with modified
adjusted gross income of $210,820 or more. (See section 3.03 of this revenue
procedure for the adjusted items relating to the adoption credit.)