haven't received 2011 tax return yet?

Paying for College
1

<p>My parents haven't received their 2011 tax return and the fafsa keeps asking for 2011 tax return information. Do i put the 2010 information or what?</p>

2

<p>Your parents will need to complete the tax return (or have they given it to an accountant to do?). It would be best to submit 2011 information, but yes, you can use 2010 (for now, and choose “will file”, however you will need to correct it later once the taxes have been completed). However, if your parents receive a paycheck, much of the information will be on the last paycheck they received in 2011… it will have their earnings and their taxes. </p>

<p>Your parents <em>should</em> have received everything they need by now to complete their 2011 taxes.</p>

3

<p>my parent’s don’t receive paychecks anymore because they are retired and they have turned everything in but they haven’t gotten anything back yet.</p>

4

<p>Just an FYI…I am retired too…I have ALL of the documentation to complete my tax returns…got end of year retirement account statements, and end of year pension statements. Your parents should have those as well. Read on…</p>

<p>The 2012-2013 FAFSA became available for online submission on January 1, 2012. You should do it in keeping with the deadline for the schools to which you are applying. If the school has a January or any deadline before your taxes are actually filed…here’s what you do.</p>

<p>File your FAFSA using a “will file” status which means you WILL file your taxes but have not yet done so. Use the BEST possible estimates based on your end of year pay stubs, interest statements etc. Then submit it to the school(s).</p>

<p>Do your taxes as soon as reasonably possible after Feb 1 when you have all of your 2011 documentation. Go back IN to the FAFSA website and amend your FAFSA to reflect the figures from your 2011 completed tax return and resubmit to the college(s). Change your status to “taxes completed”. </p>

<p>This is the year you want to get your taxes done as soon as possible. It is NOT the year to wait until April 15th to complete your taxes.</p>