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Frequently Asked Questions

My parents have not filed their tax return. Can I still complete the FAFSA?

Answers to your Questions About Financial Aid at Michigan Te...
Though it is recommended that you complete the FAFSA with completed tax form information, to meet awarding deadlines you can estimate. Once the tax form is available, you must correct the FAFSA data that is in error. Note that financial aid packages based on estimated FAFSA data may not provide an accurate depiction of your overall eligibility for financial assistance.

My parents got divorced, but they filed a joint federal tax return. How do I fill out the FAFSA?

FAQ
When completing the FAFSA, only provide income information from the tax return for the parent who qualifies as your responsible parent. No. You must indicate your marital status as of the date you are completing the FAFSA. You cannot update your marital status once you have filed your FAFSA. No. You must report asset information as of the date you sign the original FAFSA. You cannot update your asset information. No.

How should I fill out the FAFSA if I have not yet filed a tax return?

STUDENT SERVICES: Financial Aid Department- Commonly Asked F...
Ideally, you should complete a FAFSA after you have filed your (and your family's, if applicable) tax return. If your tax returns are not done early, estimate as accurately as possible the prior year's income and taxes paid using W-2s, paycheck stub, untaxed income statements, etc. You must correct your FAFSA once tax returns have been filed. Failure to make corrections to your FAFSA will cause delays in the processing of your file.

What return must be filed for franchise tax?

Frequently Asked Questions - Corporation Franchise Tax
For tax years beginning on or after January 1, 2000 for corporate income tax and on or after January 1, 2001 for franchise tax, the franchise tax must be reported with Form MO-1120 or MO-1120S. Schedule MO-FT must be included with either Form MO-1120 or Form MO-1120S. If you are not required to file Form MO-1120 or MO-1120S, you must complete the upper portion of either of these two forms, mark the box "franchise tax only" and then complete Schedule MO-FT.

Q4: What if my parents or I have not filed our tax returns before the CSS PROFILE and FAFSA are due?

SU- Financial Aid Office
We recommend that you use the information from your completed tax returns when filing these forms. However, if you are unable to file your taxes by February 1st, do not wait to complete the PROFILE and the FAFSA. Use estimated income figures and adhere to the February 1st deadline.

How do I fill out the FAFSA if I am separated but filed a joint tax return?

STUDENT SERVICES: Financial Aid Department- Commonly Asked F...
If you are separated at the time you are filing your FAFSA, you should only provide your portion of the exemptions, income, taxes paid, assets, etc. Report only the income and assets of the parent whom you lived with the most during the past 12 months. Use a W-2 form or other record(s) that indicate the parent's share of the reported income and taxes paid on the tax return or other documents that provide the parent's share of the resources.

If your parents are separated but filed a joint tax return, how is the information reported?

FAFSA FAQ
You should use only the qualified parent's financial information (the parent with whom you lived the most in the most recent twelve months). Use a W-2 or some document that demonstrates the qualified parent's share of the income and a tax table for the tax liability.

Why must I complete the FAFSA using my parents' information?

UMBC: Financial Aid
The US Department of Education considers a student to be dependent on his or her parents unless the student can answer “Yes” to one of the following questions:

Can I complete the FAFSA if I have not yet filed my taxes?

Frequently Asked Financial Aid Question
Yes. It is recommended that you file the FAFSA as soon as possible each year after January 1 for the upcoming academic year, which runs from July 1 to June 30. In order to do so, you may estimate income information. You can then update this information after your taxes have been completed.

Will I need to complete my 2007 tax return before completing the FAFSA?

Collge Goal Sunday Colorado
If the student or his/her parent(s) are filing a 2007 income tax return, we recommend filling it out before completing the FAFSA. However, the income tax return does not need to be sent to the IRS before filling out the FAFSA.

Why do I have to provide my parents' information on the FAFSA?

Student Aid on the Web
When you apply for federal student aid, your answers to the questions in Step 3 of the paper FAFSA or in Step 2 of the online FAFSA will determine whether you're considered dependent on your parents or independent. If you're considered dependent, your parents' income and assets as well as your own must be reported on the FAFSA.

My parents are divorced. Which parent should complete the FAFSA?

Austin Peay State University Financial Aid
The custodial parent is responsible for filling out the Free Application for Federal Student Aid (FAFSA). The custodial parent is the parent with whom you lived with the most during the past 12 months. You can call and update this information over the phone by calling 1-800-4-FED-AID and providing your Data Release Number (DRN). The DRN is located on the 1st page of your Student Aid Report (SAR). You may also make this change online at www.fafsa.ed.gov.

How do I correct a tax return I already filed?

Frequently asked questions (FAQ's)
For information on how to modify a tax return that has already been filed, refer to the options below: Regarding a Quebec return filed with the MRQ, you must fill out Form TP-1.R-V, Request for an adjustment to an income tax return and mail it to the MRQ together with documents justifying your request.

What if my financial situation has changed since I filed my FAFSA?

Frequently Asked Questions
You may complete a Professional Judgment Worksheet that will allow us to reevaluate your financial aid eligibility due to unemployment, loss of benefits, divorce or other special circumstances. The Professional Judgment will not be processed prior to September 15 of the award year and must be submitted by midterm of the semester for which you are asking to be considered.

Q24.  How does a corporation amend an e-filed tax return?

Archive of e-file for Large and Mid-Size Corporations - Freq...
A24.  Amended returns filed prior to January 8, 2007 will need to be filed following the existing paper process.   Beginning January 8, 2007, taxpayers may use Modernized e-File (MeF) to amend returns for tax years ending on or after December 31, 2005.   

I have not filed my business tax return for several years. What should I do?

Accounting frequently asked questions
Please come to our office and we can help you organize your records and file any business tax return not yet filed for any previous tax year. If you do not have the necessary information we can help you obtain those records.

I have not filed an income tax return for several years. What should I do?

Accounting frequently asked questions
Please come to our office and we can help you organize your records and file any tax return not yet filed for any previous tax year. If you do not have the necessary information, that is, W-2, 1099, 1098, etc., to prepare any tax return, we can help you obtain those records from the IRS.

What do I do if I previously filed a return with another tax collector?

Failure To File Final Return
Please send a copy of your tax return with W 2 Form(s) and schedules attached that were filed with the other tax collector along with the Failure to File notice to: Berkheimer Tax Administrator PO Box 913 Bangor, Pa. 18013-0913

Is there a county business tax? When and where is the return filed?

Washington County | Departments - Auditor - FAQ's
Businesses pay personal property tax on equipment and inventory. Form 920 or the new form 920EZ must be filed in the Auditor's office where the business is located each year in duplicate no later than April 30th, unless our office has approved an extension. A business with locations in more than one county must file a combined return (form 945) with the Tax Commissioner of Ohio.
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