Bunch of CSS Profile Questions

[JjJjJjC]

<p>To start things off, a huge majority of my answers were 0, does that seem normal? But anyways.</p>

<p>" This parent has a union or employer sponsored retirement plan. "
My mom have a 401k that has some relation to her employer though I'm not sure what, do I check this?</p>

<p>"Help for question PI-165A Enter the untaxed social security benefits your parents received or expect to receive for all family members except you, the student, in 2013. "
????</p>

<p>"Enter the amount of payments (paid directly or withheld from earnings) to tax-deferred pension and savings plans your parents made or expect to make in 2013 including, but not limited to, amounts reported on W-2 Forms in Boxes 12a through 12d, codes D, E, F, G, H, and S. Include untaxed payments to 401(k) and 403(b) plans. "
On my mother's W-2, there is a box that says 12 a-d, and then under it "D 2097.52" and under that "DD 17141.71"
Do I put one of these down?</p>

<p>" Estimate the income parent 1 earned or expects to earn from work in 2013 using his or her 2013 W-2 form(s) if he or she has received them; your parent's 2012 IRS Form 1040, lines 7, 12, and 18 and IRS Schedule K-1 (Form 1065), Box 14 (Code A) (if lines 12 or 18 are negative, treat them as zero); and pay stubs and other income documentation for 2013. If your parents filed a joint return, use only parent 1's portion of lines 7, 12, and 18 and Box 14 to estimate. (Parent 1 is the parent you entered in PD-105.) "
Is this asking for net or gross?</p>

<p>"Enter the amount of medical and dental expenses your parent(s) expect to pay in 2014 that will not be covered by insurance or a medical or dental plan."
Are expenses such as getting medicine included in this? If so, say we had to pay $x for medicine, but insurance only covers $z, is the difference between the two what we put down for what is not covered?</p>

<p>I'm really sorry if any of my questions seem dumb, I'm pretty clueless on this, and my parents are not really of much help as they speak a different language and I have trouble translating.</p>

<p>Also, if we sold a home in 2013, which question concerns that cause I would think that is significant. + Is there anywhere where we need to report vehicles as assets? + I have information from form 8880, is there information anywhere on Profile?</p>

<p>What are the consequences if I do a poor estimate/answer a question incorrectly?</p>

<p>Thanks a lot in advanced. </p>

[4kidsdad]

<p>

" This parent has a union or employer sponsored retirement plan. "
My mom have a 401k that has some relation to her employer though I’m not sure what, do I check this?

Yes, 401k is an employer sponsored retirement plan

"Help for question PI-165A Enter the untaxed social security benefits your parents received or expect to receive for all family members except you, the student, in 2013. "
???

Did you receive ssa-1099 from Social Security?

"Enter the amount of payments (paid directly or withheld from earnings) to tax-deferred pension and savings plans your parents made or expect to make in 2013 including, but not limited to, amounts reported on W-2 Forms in Boxes 12a through 12d, codes D, E, F, G, H, and S. Include untaxed payments to 401(k) and 403(b) plans. "
On my mother’s W-2, there is a box that says 12 a-d, and then under it “D 2097.52” and under that “DD 17141.71”
Do I put one of these down?

Only D 2097.52

" Estimate the income parent 1 earned or expects to earn from work in 2013 using his or her 2013 W-2 form(s) if he or she has received them; your parent’s 2012 IRS Form 1040, lines 7, 12, and 18 and IRS Schedule K-1 (Form 1065), Box 14 (Code A) (if lines 12 or 18 are negative, treat them as zero); and pay stubs and other income documentation for 2013. If your parents filed a joint return, use only parent 1’s portion of lines 7, 12, and 18 and Box 14 to estimate. (Parent 1 is the parent you entered in PD-105.) "
Is this asking for net or gross?

Line 7 is kinda of gross, Line 12 is net, & Line 18 also is net

“Enter the amount of medical and dental expenses your parent(s) expect to pay in 2014 that will not be covered by insurance or a medical or dental plan.”
Are expenses such as getting medicine included in this? If so, say we had to pay $x for medicine, but insurance only covers $z, is the difference between the two what we put down for what is not covered?

Yes</p>

[JjJjJjC]

<p>Thanks a ton!</p>

[myjanda]

<p>Nothing like waiting until the last minute…. my husband is a professor with a salary. He also does some consulting (about $20k gross, and net profit under $3k) and last year’s 1040 has schedule C profit or loss from business. He pays self employment tax (was only $79 last year).
I’ve done the CSS but of course his net from the consulting is included in the gross income on the CSS profile, but not sure if I should be checking off self employed as well (is it a one or the other question, or does the CSS profile allow you to be both, like he is?).
He doesn’t have any real business assets as he does a bit of work from home, or lectures freelance, like many professors does.
Not sure how to finalize the CSS profile. Any help for a total procrastinator?</p>