<p>does anyone have experience with the College Boards IDOC service? did you leave anything blank on the Business/Farm supplement and have problems later?</p>
<p>My post is more than a "rant" than anything else. Our situation is somewhat unique as my wife inherited a very small portion of two family farm operations. She has about 3% of the total acreage. The Business and Farm supplemental is one of the most painful forms you will ever experience. For us, we derive so little income from our small ownership percentage and have so little information on the actual day-to-day costs, we can't help but leave sections blank. We can't understand why the FA departments can't accept the Federal Income Tax information and call it good....I think that making stuff complicated is a way of cutting out folks...</p>
<p>I hear you. The business farm supplement made no sense to me and seemed like busywork, because they also asked for both my and my ex’s complete tax returns with all forms and schedules. All the information is neatly typed there, why ask for it scrawled onto tiny lines in a little box? </p>
<p>I filled it out as best I could, quickly, and my ex refused, he did the rest of it but said they could look at his signed return if they want his schedule C information. Whether it will hurt us - don’t know yet. My child hasn’t received an admission decision from this school so far, let alone received an aid package!</p>
<p>Yes, the business/Farm supplement is just taking the corporate tax returns and using those numbers to fill out the form. It’s ridiculous because you have to send in corporate taxes as well. I had one school hound me due to discrepancies between business/farm supplement and corporate taxes. They wanted to know which was correct. I finally told them that of course the corporate returns were as those were the numbers I tried to use for the B/F supplement. Fortunately, D took that school off the list and goes to one that just wants corporate taxes.</p>
<p>Agreed. My husband has a partnership business in which he makes around $3K per year. That form looked horribly intimidating, then on closer inspection, could be filled out entirely from the partnership’s 1065, which we were sending to IDOC anyway. So it turned out not to be too hard to fill out the B/F supplement, but it was time consuming and seemed an absurd requirement considering it just duplicated the tax return. The ultimate absurdity is that it concerns such a small amount of income.</p>
<p>I have twins entering college in the fall who were accepted ED. My husband has some 1099 income, so we have to fill out Schedule C and Schedule SE. One of my daughter’s schools required the Business/Farm supplement. One did not. Both use IDOC and are getting our complete tax returns. Go figure!</p>
<p>Edited to add that I put -0- in most spaces and included 2 “supplements” trying to explain about his “business”.</p>