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<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'>Hi Sherry! <o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'>The primary reason people receive adoption payments is to encourage
adoption by helping defray the cost of caring for special needs children.
It isn’t counted as untaxed income anywhere in the EFC formula, it’s
completely excluded. The only consideration that really needs to be made
is to make sure you don’t do some sort of PJ to adjust the EFC for the
expenses being incurred, because those expenses should be covered by the
adoption payments that aren’t being counted in the EFC formula. <o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'>There’s some good information about the adoption payments
program at <a href="http://www.fpsol.com/adoption/checklist.html">http://www.fpsol.com/adoption/checklist.html</a>
<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
<div>
<p class=MsoNormal><span style='font-size:9.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'>Pam McConahay<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:9.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'>Associate Director, University of Oklahoma Financial Aid
Services<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:9.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'>pmcconahay@ou.edu<o:p></o:p></span></p>
</div>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
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<div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'>
<p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span
style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>
oasfaa-bounces@lists.onenet.net [mailto:oasfaa-bounces@lists.onenet.net] <b>On
Behalf Of </b>Sherry Hudson<br>
<b>Sent:</b> Wednesday, April 23, 2008 8:53 AM<br>
<b>To:</b> oasfaa@lists.onenet.net<br>
<b>Subject:</b> [Oasfaa] Adoption Payments<o:p></o:p></span></p>
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<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal><b><i><span style='font-size:10.0pt;font-family:"Shruti","sans-serif"'>Good
Morning!<o:p></o:p></span></i></b></p>
<p class=MsoNormal><b><i><span style='font-size:10.0pt;font-family:"Shruti","sans-serif"'><o:p> </o:p></span></i></b></p>
<p class=MsoNormal><b><i><span style='font-size:10.0pt;font-family:"Shruti","sans-serif"'>I
have just had an incident that included adoption payments. You may or may
not have noticed on Worksheet B – it says not to include foster care or
adoption payments. I guess that just went over my head – my
question is – Do we not count those payments anywhere? I assumed it
would be untaxed somewhere – but as I said this is a first for me.<o:p></o:p></span></i></b></p>
<p class=MsoNormal><b><i><span style='font-size:10.0pt;font-family:"Shruti","sans-serif"'><o:p> </o:p></span></i></b></p>
<p class=MsoNormal><b><i><span style='font-size:10.0pt;font-family:"Shruti","sans-serif"'>Any
insight would be appreciated.<o:p></o:p></span></i></b></p>
<p class=MsoNormal><b><i><span style='font-size:10.0pt;font-family:"Shruti","sans-serif"'><o:p> </o:p></span></i></b></p>
<p class=MsoNormal><b><i><span style='font-size:10.0pt;font-family:"Shruti","sans-serif"'>Thanks<o:p></o:p></span></i></b></p>
<p class=MsoNormal><b><i><span style='font-size:10.0pt;font-family:"Shruti","sans-serif"'>Sherry<o:p></o:p></span></i></b></p>
<p class=MsoNormal><i><span style='font-size:10.0pt;font-family:"Script MT Bold"'><o:p> </o:p></span></i></p>
<p class=MsoNormal><strong><i><span style='font-family:"Shruti","sans-serif";
color:red'>** Please note new email address & web address</span></i></strong><o:p></o:p></p>
<p class=MsoNormal><strong><i><span style='font-family:"Shruti","sans-serif";
color:red'> </span></i></strong><o:p></o:p></p>
<p class=MsoNormal><strong><i><span style='font-size:13.5pt;font-family:"Script MT Bold"'>Sherry
Hudson</span></i></strong><o:p></o:p></p>
<p class=MsoNormal><em><b><span style='font-family:"Shruti","sans-serif"'><a
href="mailto:shudson@se.edu">shudson@se.edu</a></span></b></em><o:p></o:p></p>
<p class=MsoNormal><strong><i><span style='font-family:"Shruti","sans-serif"'>Director
of Student Financial Aid</span></i></strong><o:p></o:p></p>
<p class=MsoNormal><strong><i><span style='font-family:"Shruti","sans-serif"'>Southeastern
Oklahoma State University</span></i></strong><o:p></o:p></p>
<p class=MsoNormal><strong><i><span style='font-family:"Shruti","sans-serif"'>1405
N. 4th, PMB 4113</span></i></strong><o:p></o:p></p>
<p class=MsoNormal><strong><i><span style='font-family:"Shruti","sans-serif"'>Durant,
OK 74701-0609</span></i></strong><o:p></o:p></p>
<p class=MsoNormal><strong><i><span style='font-family:"Shruti","sans-serif"'>580-745-2186</span></i></strong><o:p></o:p></p>
<p class=MsoNormal><em><b><span style='font-family:"Shruti","sans-serif"'>www.se.edu</span></b></em><o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
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