Reply to Financial Aid question about turning in 1040 for 2011

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][b]You should do your federal taxes yourself NOW using Turbotax or another online service and immediately submit your completed 1040s and W2s.[/b] Schools take these deadlines very seriously.

Most people have complicated tax returns these days-- nanny taxes, self-employment income--and we all have ridiculous deadlines to meet. (Our own school's forms were due in mid-January!) State returns are irrelevant in the FA process, so you can do the multiple state returns later.

Later, if you really think it's necessary, you can pay an accountant to redo everything and file an amended return.

[/quote]

That's unrealistic, in many circumstances.  I didn't get a final K-1 last year until mid-April, and that's months earlier than in previous years.  It's not that the taxes are overly complicated, it's that many people don't have the information they need.  [/quote]

I agree that it's unrealistic, but I don't set the rules and the deadlines. If you don't meet the school filing deadlines, you're in danger of not being considered at all. [/quote]

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