<p>Okay I am officially peeved. Some of the colleges I am applying to like Brandeis have a css profile file by date as February 1st, which is tomorrow. I remember asking my parents in the beginning of January for 2010 irs forms/tax returns whatever to answer the questions but they said that that information only becomes available around the first few weeks of february. So im royally screwed. What the hell is the deal with the feb 1st deadline? Are they out of their ****ing minds?</p>
<p>You have to make your best estimate to meet a Feb 1 deadline, and then go back to each of your schools and send them the updates when you get the actual numbers. :-/</p>
<p>Yes, just file with estimates. The first time I filed a CSS Profile it was Nov. and I had to estimate income, assets, taxes for a year that hadn’t actually even ended yet… let alone receiving tax documents for that year.</p>
<p>Just submit the most accurate estimates you can. They will likely be checked against your tax documents once those are available.</p>
<p>I think you can use last year’s numbers for estimates.</p>
<p>hum…that sounds so awkward. I read somewhere that you can face a 20,000 fine and 7 years in prison for faulty tax information, lol. So I should go ahead and use the 2009 tax return numbers for estimation? Anyways how do I update the colleges when I do get the 2010 irs forms/ tax return? 0_o</p>
<p>The penalties are for fraud, not estimates that turn out to be inaccurate.</p>
<p>Depending on your parents’ tax/employment situation, they may be able to give you better estimates by doing a draft tax return using pay stubs etc. to get more accurate information for this year than just using their 2009 returns.</p>
<p>For each school where you file the Profile, you have to print it out and mark it up with the changes, and snail mail it to the schools, to update them when you have the final numbers. Yeah, it’s gross…</p>
<p>Some schools let you email them a list of the changes. Contact the individual schools to find out.</p>