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Britbrat...the only important thing is not to miss any deadlines...either admissions or finaid. You just need to check. If your child is applying early or for a school with a priority deadline for some reason (usually this is a scholarship thing...or for ED or EA...), you will want to apply meeting that deadline. If your child is applying regular decision, you want to meet those deadlines.
The reality is that it is far easier to complete both the FAFSA and Profile once your taxes have been completed which you really should do as quickly as you can after February 1 (when you should have all the 2008 documentation you need). If your financial aid deadlines are after Feb 1, you can complete your taxes first, and then do the finaid forms.
Sadly...this isn't usually the case and you end up using your best estimates to complete these forms prior to completing your taxes...then you amend.
With regard to when to do the forms...doesn't matter as long as you DON'T MISS THE DEADLINES (did I say that already??).
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