Thousands of Americans are still waiting on large refunds from the IRS due to their adoption credit. This is partly due to the fact that this is the first year the credit is refundable. This means the money goes directly to the taxpayer, and not applied to future taxes owed. This would be especially helpful to families who incur high costs for adoption, if they ever receive their money.

By the end of April, 2011, the Treasury Inspector for Tax Administration found that the IRS had received returns for over 72,000 taxpayers claiming nearly $900 million in adoption credits. More than half of those returns have been sent for further review and will be audited to verify proper documentation and claims.

According to the IRS, the problem is that many taxpayers do not submit proper returns, lacking documentation.

Get your tax return prepared the right way. Don’t think your past returns were done correctly? Contact one of the licensed experts at Professional Tax Resolution today!