No Federal Income Tax?

Paying for College
1

<p>Dad decided not to give in taxes in 2011, could this affect the amount of federal aid received? The pell grant estimated that I would get 5k. Is that good?</p>

<p>Also, I signed and submitted my Fafsa but am I supposed to send evidence of the tax reform?</p>

2

<p>Yes, this could affect your financial aid. If your family is not required to file taxes, you will click will not file on the FAFSA.</p>

<p>If your dad is not required to file taxes you must now request and receive a non-filers statement from the IRS.</p>

<p>IF your parents have not filed their taxes yet, you will file the FAFSA, chek the will file box and then go back and amend the FAFSA once yor parents file their taxes.</p>

<p>If your family is required to file taxes and they do not file taxes, your FAFSA will not be finalized and your will not receive federal aid.</p>

<p>more detailed answer from financial aid offer is here Post # 28):</p>

<p><a href=“http://talk.collegeconfidential.com/financial-aid-scholarships/1147200-does-my-parents-financial-information-get-forwarded-irs-2.html#post12635594[/url]”>http://talk.collegeconfidential.com/financial-aid-scholarships/1147200-does-my-parents-financial-information-get-forwarded-irs-2.html#post12635594&lt;/a&gt;&lt;/p&gt;

3

<p>How can I tell if they need to file taxes?</p>

4

<p>Google works:
[Do</a> You Need to File a Federal Income Tax Return?](<a href=“http://www.irs.gov/individuals/article/0,,id=96623,00.html]Do”>http://www.irs.gov/individuals/article/0,,id=96623,00.html)</p>

5

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<p>What does this mean? Did your Dad just decide not to do taxes, or did he earn no income so he didn’t need to apply? There is a difference.</p>

<p>Sybbie sums it up well. If your dad was required to file 2011 taxes (which by the way are just now being filed), you will not be able to receive any federally funded aid, including loans, until he does so.</p>

6

<p>I’m not sure, but on the form it said 0 for federal income tax.</p>

7

<p>What is the form number that you’re looking at? W-2? 1040? A W-2 is just a statement of his earnings from his employer and a 0 there would only indicate that no taxes were witheld. If the form is a 1040 then he may have filed or just have prepared his taxes and realized that he’s not required to file. Can’t you just ask your dad whether or not he’s exempt from filing this year?</p>