Updated Guidance to Reflect Increase in Adoption Credit under Affordable Care

Revenue Procedure 2010-35 modifies and supersedes prior guidance to reflect the amendments made by the Affordable Care Act to the adoption credit and the exclusion for adoption assistance programs.

Document Excerpt

This revenue procedure modifies and supersedes sections 3.03 and 3.14 of Rev. Proc. 2009-50, 2009-45 I.R.B. 617, to reflect the statutory amendments by the Patient Protection and Affordable Care Act, Pub. L. 111-148, 124 Stat. 119 (PPACA) to the adoption credit under § 36C (formerly § 23) and the exclusion for adoption assistance programs under § 137.

 

Link http://www.irs.gov/pub/irs-drop/rp-10-35.pdf

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