<p>My parents always file extensions due to business reasons, so I won't be able to submit copies of my 2009 Tax Return Forms to anyone. Should I just send my 2008 Returns to my schools? What about IDOC?</p>
<p>You don’t NEED a 2009 return, but then you can’t put last years returns. What you can do is estimate ur parents earnings using thier w2’s, and check the “WILL FILE” option when the fafsa asks you if ur parents have filed thier 09 tax return. Assuming this is regarding fafsa. Don know what an idoc is so I can’t help u there.</p>
<p>If your parents want you to get aid, they’re going to have to push to get those taxes done earlier. If they can’t, you should have them communicate with your colleges and ask what can be done. Before our kids started college, we always got extensions. Once we needed to do it, we just got it done, even though it’s a huge pain. For IDOC, it just seems pointless to send anything if you don’t have the current tax returns. FAFSA and Profile can be based on estimates for 2009, but they have to be updated when your parents do file the taxes.</p>
<p>We’ve been in the same boat. We own an S corporation, and didn’t have to file S corp taxes until later in the year. Since the S corp profits are considered taxable income on our personal 1040 forms, we always filed extensions and did those later in the year too.</p>
<p>However, just because the S corp forms aren’t due until fall, doesn’t mean they can’t be filed now. It was a huge pain in the a** but this year we got them done early, and just got our 1040s done too.</p>
<p>Check with your parents to find out whether they <em>can’t</em> file now or whether it is just <em>usually</em> done later.</p>
<p>Dudemanguy…you DO need 2009 completed and signed income tax returns for IDOC and many colleges. You do not need them to complete the FAFSA and Profile which can be done with estimates. BUT if schools REQUIRE the 2009 tax returns, they will not completely process your financial aid application UNTIL they have them. </p>
<p>SO…to the OP contact your schools and ask. Many self employed folks or business owners file for extensions on their taxes. I’m quite sure you won’t be the first one to ask the schools’ financial aid departments what to do. Give them a call…and ask.</p>