In my other post on taxes, I looked at some of the potential red flags for the Internal Revenue Service when you are raising money to adopt a child from Russia.
But there are ways of coming up with money that won't cause conflict with the tax man, and I want to go over some of them now. You should go over these options--and the issues I raised in my earlier... more
It's tax time, and I'm worried. Not for me, but for some of you.
I've been trying to find a nice way of putting this, but I'm afraid I have to be blunt: Some of you are not thinking smart about the tax implications of financing your Russian adoption.
I am not an accountant, but I have labored in and around financial journalism for 20 years, and I have written and edited a fair amount of personal finance stories. And having done two adoptions, I know just how much their cost can weigh on a family budget. But there are good... more