IRS tax audits are unwelcome to anyone. But for certain families in Illinois and elsewhere, sweeping audits were the norm for the 2012 fiscal year. The reason, apparently, is adoption: families who had adopted a child or children were unfairly targeted for audits this year thanks to what is being called a "misguided practice" within the Internal Revenue Service.
Some prospective parents won't let anything get in their way in the pursuit of adopting a child. For Bill Klein and Jennifer Arnold, known to Illinois fans as the stars of the reality show "The Little Couple," their adoption dreams came true when they travelled to the Far East to adopt their new son William Rijin. This was a tremendous boon to the couple who have long desired a child of their own.
A not-for-profit organization dedicated to helping prospective parents with the financial burden associated with the adoption process has begun reaching out to larger corporations in the hope of extending their services. The Illinois-based grassroots movement was founded in 1996 and has since helped hundreds of families come together through generous financial support. The adoption process can be notoriously expensive, and the organization exists to help mitigate those costs for families that would otherwise be exceptional adoptive households.
In the past, closed adoptions were very much the norm and open adoptions the rare exception. These days, however, it is becoming more common for biological and adoptive parents in Illinois to enter into the process of open adoption. The instant communication pathway that is the Internet has made it even easier for children to search for their birth parents once they reach that decision. This, plus the fact that many experts point out that open adoption can be good for everyone involved, means that it may no longer be quite as scary as it previously seemed.
Although there are many benefits to adoption, this year adoptive parents in Illinois could see a sizable tax credit in the form of a check from the IRS. Adoptive families may receive a credit of more than $13,000 as a result of the Affordable Care Act. If a family has successfully adopted within the past six years, the adoptive parents could potentially claim up to $13,360 for each child.
Illinois residents interested in adoption may have heard of a new trend on social media sites. Many people have gotten creative in trying to adopt a child, and couples have posted their adoption wishes on social networks such as YouTube, Facebook and Twitter in an attempt to get their message out to the public.