<p>I keep getting confused about this. The website insists that 2006 returns are necessary, yet most of my schools have financial aid due by 2/1 and my parents' tax returns don't come out until around the 30th, so we want to get it done now...I hear that you can estimate 2006 info...is this true? Then do we send in 2005 forms or 2006?</p>
<p>I'm very confused about this whole process, really...and my CSS was filled out in November with 2005 info.</p>
<p>2007/2008 FAFSA requires 2006 tax information. If 2006 tax returns are not yet filed (most peoples are not) complete and submit FAFSA with the closest estimates you can. Schools using FAFSA will make a financial aid offer based on these figures but will not release any money until tax returns are filed. When the 2006 taxes are filed go back and correct FAFSA. I don't know about CSS profile.</p>
<p>Ok...hmmm...this may be a problem because CSS was done with complete estimates/2005 info and FAFSA was done with just estimates with 2006 stuff sent in later. Do I just mail in my 2006 returns to the colleges individually, then?</p>
<p>Also...the FAFSA only allows for 6 schools...what if I have more?</p>
<p>Er...one more thing. Do both parents need a PIN?</p>
<p>No. Only one PIN for a parent is enough.</p>
<p>There were a couple of threads in this forum over the last week about how to enter more than 6 schools. Something like you submit them, wait for your SAR then change the schools. Can't remember exactly how you do it and how the timing works but if you go back a few days you should find them.</p>
<p>I was wondering the same thing about the CSS profiles...</p>
<p>What exactly are we supposed to use for 2006 IRS income tax statements when we had to file them before December 1st?</p>
<p>I used my parents' 2005 forms but am unsure if that is allowable</p>
<p>If not, how do I correct this problem, and what should I have done?</p>
<p>Please...anyone?</p>
<p>Online Turbo Tax will be up after midnight tonight . You can start doing your parents' & your taxes & do calculations to get estimates for 2006 ( but don't file ) and check WILL FILE on the Fafsa.</p>
<p>For Profile . 2005 tax documents can be used .</p>