<p>My family is very new to this "small business" thing (it's not a business in the traditional sense, but I don't think the IRS would like a family with an entirely unreported income from odd jobs), and they have no idea how to fill out the questions asked for on the Farm/Business supplement to the CSS Profile.</p>
<p>They plan to take it to our tax person when they have all the information, but that won't be ASAP. We filed the main Profile on December 30th.</p>
<p>Are there any foreseeable problems with not sending the supplement for a few more weeks (beginning of February) if we've already filed the Profile?</p>
<p>Your best bet is to contact the college and ask.</p>
<p>My parent's have a small business. As one of my college's due dates approached, they were still missing documents to file their business taxes. I called the college and they told me to send in both the F/B supplement & CSS Profile with estimated numbers & then update ASAP when the final info was available.</p>
<p>My parents went to their accountant and he was able to give them pretty good estimates of their 2004 figures. We sent the estimated forms, and will follow up with corrections & corresponding docs when their taxes are finally done.</p>
<p>BUT before you do anything, please call the college in question. They all have different policies.</p>
<p>The supplement is not as difficult as it looks and info is basically pulled directly from your taxes. My tax preparer helped me make sense of it last year and this year I was able to do my own.</p>