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Reply to "Financial Aid question about turning in 1040 for 2011"
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[quote=Anonymous]I'm sure many of you have already turned in your 2011's 1040 for your FA application. We just received our 2011 W-2 from my DH's employer, and are about to have our taxes done. We have moved, changed jobs over the last year, and we have to do a multi-state (3) tax returns which complicates the tax matter. If you don't turn in your 1040 for 2011 some time before the admission and FA decision is made, would the schools eliminate you from the list? I did turn in our 1040, W-2 for year 2010, but that was just so the school could see what kind of income you made the previous year. The school website says to turn in the 2011's 1040 ASAP in order to be considered (finalized) for the FA award. The decision letter should be sent out in less than 3 weeks. My DH doubts we will have our 1040 done by then. But I really do not want to lose the chance on FA so I will stay up all night until we finish our tax. I asked a local tax pro how long it will take for our taxes to be done, and he said not until next month..... So it may be faster if we do our own taxes, even if doing multi-state tax filing is challenging. My head started spinning...... Please share your advise. [/quote]
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