Which of the following statements regarding adoption credits is not true?

A. Adoption of foreign country children does not qualify for the credit.
B. Form 8839 must be filed to claim the credit.
C. Adoption of a child of taxpayer's spouse does not qualify.
D. There is a dollar limit to the maximum credit allowed per adopted child.


Answer: A

Business

You might also like to view...

Which of the following statements about Canada's anti-spam law is not true?

A. Canada's law is based on an opt-in model. B. The law has no impact on companies located within the United States. C. The first phase of the law went into effect in 2014. D. The law applies to e-mail, texts, and social media messaging.

Business

The ________ is a federal statute, enacted by the Congress in 2010, that reorganizes federal government supervision of the banking system, regulates previous unregulated financial products and institutions, and adds a new consumer protection agency

to protect consumers from abusive lending and banking practices. A) Dodd-Frank Wall Street Reform and Consumer Protection Act B) Depository Institutions Deregulation and Monetary Control Act C) Financial Institutions Reform, Recovery, and Enforcement Act D) Riegle-Neal Interstate Banking and Branching Efficiency Act

Business

Plea bargaining benefits a criminal by eliminating the risk of a greater penalty

Indicate whether the statement is true or false

Business

The higher the expected rate of inflation:?

A. ?the lower is the loss in purchasing power of investors. B. ?the higher is the required rate of return on investment. C. ?the lower is the maturity premium required by the investors. D. ?the higher is the money supply in the economy. E. ?the lower is the tax rate in the economy.

Business