We filed our 2016 tax forms ourselves electronically via Turbotax so of course we didn’t have to physically sign our return… I called the IDOC help line today to ask about and was told we should print off a copy of our 1040, sign it now, leave the signature date blank and then upload the signed copy. My husband feels that is fraudulent to sign our tax forms now no matter if the date is filled in with the current date, back date or left blank. The instructions say not to include the tax preparation cover sheet. should we just send in our original unsigned turbotax return?
Also, our 2016 1099s are summarized in a list on a document from our financial advisor/Ameriprise. We do not have any other separate 1099 forms. Is it ok to upload the financial advisor’s year end tax document for 1099 info?
Our daughter has an UTMA account which has 1099 and that is her only income (unearned) for 2016 so she did not have to file taxes as it was under the limit. Do we need to list this 1099 unearned income on her non tax filer statement? Otherwise her income was $0 as she did not work.
Did anyone actually put their SS#s on every document page they uploaded. This instruction was found in the FAQ section but I didn’t see it anywhere else on the site. We haven’t tried to upload anything yet.
I have heard of people doing that, printing the PDF of the tax return and signing it for IDOC.
If the school said you can leave off the date then you can just sign it and not date it.
The IRS already has your return that was submitted electronically.
You are just signing this for the school copy.
I would black out most of the digits of the soc sec numbers on the return, except the last 4, and your bank acct # if you put it on there.
I would put the student ID and name (or name/birthday of student on the forms if needed) so they can match them to his file.
As for the 1099s, you should have received them in the mail from the financial institution in Feb of last year. Always keep the originals. Try and see if you can get copies of those.
And the 1099 of your D. If it was for interest or dividends, and under $1,000 then she didn’t need to file a return.
Did you report her interest income on your return?
I would think she would report the income under untaxed income on the CSS profile.
I uploaded it all unsigned. The documents show as received in the school portal. I’m going to wait and see if the Financial Aid felt contacts me wanting me to do anything differently.
You may even try calling the school to see if they require the signed copies. IDOC did process my files without the signatures. IMHO, you should be able to check a box at IDOC before uploading indicating your permission and/or electronic signature be attributed to the documents.
@annamom I never had to deal with CSS profile or IDOC, but you can confirm with the school. I would think that at the most the parent and student soc sec number would be needed, not the numbers of siblings.
On the FAFSA once you enter the full soc sec number, you can only see the last 4 digits. Not sure what the schools see on their end.
Well, after more review, we are going to sign our tax return on page 2 with no date and send that in with the rest of the return. I would think they are used to seeing many e-filed returns, but wish they could have given more specific instructions on the website. My husband is disgruntled about putting SS#s on every document page. He thinks this is a security issue and of course a lot more work since you have to print all the pages of the document, put the #s on the top and then scan back into a pdf before uploading. We are going to black out any financial account numbers as no one needs to have that information.
As for the 1099s, we do not receive any in the mail now as it’s all online with our financial advisor. We are checking with them to see if they have other copies on file to send us.
Our daughter’s UTMA 1099 is all div and int and under $1000, hence no need for her to file taxes. As this is her income, we do not report it on our tax return. I believe we had to count it as part of parent’s assets on the Fafsa form and whatever the CSS profile indicated. It looks like we have to list it on the non tax filer’s statement. I hope no one asks us to get the IRS non filer form in addition for her as it takes awhile to do through the mail. It took 2 weeks to get our 2016 tax return transcript from the IRS (I did this about a month ago just in case we needed to send this in to any of her schools).
Interest and dividends earned on a student’s non-529 UTMA account need to be reported on FAFSA and Profile as student income (for the appropriate year) and student assets, if the funds are still in the student’s possession when the forms are completed.
Yes, you are correct. I looked back and we listed the UTMA under student’s assets and 529 plan was under parent’s assets. My husband was filling this part out and followed whatever instructions were given on the FAFSA and CSS.
I have uploaded docs to IDOC for the past 3 years for our D as requested by her college’s financial aid office. We file our taxes electronically. My wife and I didn’t sign the 1040 printed copies we uploaded, but I did include the electronic transmission receipt from our tax software as proof we filed.