Delayed Dividends:FILE NOW,AMEND LATER?

<p>Wow ! I did not realize that Congress delayed so much for 2006 . A certain reporting form is not available to us to complete taxes until mid - March 2007. </p>

<p>Our dilemma is that I have a first time college son (for 2007-2008 so this is his crucial base year ) and one daughter still in college and I ALWAYS have my taxes done by Feb 10 ! Then, file final FAFSA ( we did Estimate second week of Jan .)</p>

<p>Now I need to know if I should wait until mid-March to file taxes , file final FAFSA .</p>

<p>OR FILE NOW , and do the 1040x amend later . </p>

<p>What LOOKS better ??? We are in below $50,000 income category .</p>

<p>Do these FOA really not begin to look at FAFSA online at their schools until beginning of March anyway ??'</p>

<p>Btw , the amount that will need to be reported as dividends is about $600 .</p>

<p>I don't know which "looks" better, but file now, amend later. </p>

<p>Especially with a first year student on the horizon.</p>