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How can I claim the exemption for the child?

2006-12-25 05:04:25 · 7 answers · asked by satouqi 3 in Business & Finance Taxes United States

7 answers

Clearly none of the people that have answered so far have ever prepared a tax return involving an adoption or at least I hope they have not. You need to contact a tax professional that is familiar with adoption. There are a number of tax advantages that are dependent on the type of adoption and the rules can sometimes be a little complex. You may be able to take the exemption before the adoption is complete but again the rules are a bit complex. If the child is from a foreign country and the adoption is pending you should apply for an ATIN (Adoption Taxpayer Identification Number) using a IRS form W-7A. But again let a tax professional assist you in this matter. There could be thousands of dollars in credits available to assist you if you do this correctly.

2006-12-25 13:45:50 · answer #1 · answered by ? 6 · 0 0

When the adoption get completed then you can claim the exemption, If the child was born in USA...at his birth earned a social Secuirity No. - If the child is born Overseas and still living Overseas...when the Adoption get completed - he will earn a Social Secuirity No.- when the child enters USA as a permenent resident. Contact the nearest Social Secuirity Office for Instructions, I am Suprise your Attorney that handles the case ...does n't gave you this information yet. Ask him or her will not heart.

2006-12-25 16:13:17 · answer #2 · answered by nikitasgarofallou 3 · 0 0

If the adoption isn't complete yet, which sounds like in this case, you can't deduction the child exemption yet.

You can deduction the cost for adopting the child the year after the cost is incurred or once the adoption is completed. And you may add the child as your dependent at the same year the adoption is finalized.

Best wishes.

2006-12-25 13:45:44 · answer #3 · answered by JQT 6 · 0 0

Once you have obtained a social security number for the child, you can then claim the exemption for the child on your tax return. If you are trying to claim him/her on your 2006 return and have not gotten a SSN yet, then you will need to request one immediately. If you still haven't gotten it by April 15, you will need to either file for an extension, which will give you until August 15, or file your return without claiming the exemption and then file an amended return when you have received the SSN.

If the child is not eligible to receive a SSN, you will need to file for an ITIN (individual taxpayer identification number) for him/her.

2006-12-25 13:33:44 · answer #4 · answered by jseah114 6 · 0 0

Uhh...well, first of all, it may be different completely if it is a child that was born in a different country. Either way, I believe you're going to need to contact the adoption agency, and if you didn't go through one, find a family law attorney. If adopted outside of the US, you probably DID go through an agency, or you could try an immigration lawyer.
Enjoy your new addition, they are all a true blessing!

2006-12-25 13:16:01 · answer #5 · answered by concretebrunette 4 · 0 0

You can't. You must have a person's SSN to claim them as a dependant on your taxes. There is no way around it.

2006-12-25 16:09:04 · answer #6 · answered by Lisa A 7 · 1 0

youre going to need to go the adoption agency and ask for it.

2006-12-25 13:06:30 · answer #7 · answered by Anonymous · 0 0

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