International Adoption Still a Good Option

BY MELANIE POWELL, CPA

Regarding special-needs and international adoptions being easier than domestic adoptions (“Tax Treatment of Adoption Expenses,” April 2010, page 44): I am a CPA who adopted an 8-month-old baby from Vietnam in 2007. I started the process (the first visit to the adoption agency) in November of 2006. By Aug. 8, 2007, I was in Vietnam, holding my new daughter. The only problem I ran into was in April of 2007: I was offered a baby girl instead of the baby boy I had originally requested. Although, now, of course, I’m so glad I have a girl! The point is the adoption went extremely smoothly, without any glitches. Unfortunately, Vietnam is now closed for adoption, but hopefully they will open back up in the future. In the JofA article, I regard the statement regarding international and special-needs adoptions being faster than domestic adoptions as a fairly accurate statement. Of course, there are always exceptions. It is common knowledge by parents trying now to adopt internationally that wait times are getting longer and requirements are getting stricter than in the past. It is true that waits for China can take years. But international adoption is a great option, especially for single parents like me, who find it harder to adopt domestically.

 

Melanie Powell, CPA

The Woodlands, Texas

More from the JofA:

 

 Find us on Facebook      Follow us on Twitter

 

SPONSORED REPORT

In focus: Payroll

Providing payroll services that comply with ever-changing regulations and meet evolving employee and employer demands is no easy task. Paychex's Tom Hammond discusses common payroll considerations for CPA firms.

PODCAST

A closer look at threats to CPA licensure

Legislation in states around the country could put CPA licensure in danger. This episode examines what practitioners need to know to help ensure the profession is protected.