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Filling out the international CSS profile is a nightmare

doopahdoopah Registered User Posts: 35 Junior Member
I'm trying to fill out the CSS form with my mom and I just keep getting frustrated with it. I'd really appreciate some help with the thing and I'll try my best to constrain myself from turning this post into a rant. Also, if my English is weird and not grammatically correct, apologies. I've been sitting here for far too long and my brain is melting.

Questions:
"Current value of tax-deferred retirement, pension, annuity, and savings plans*" - What does it mean? I'm guessing it means the total amount of money put into the retirement plan in which case I have no idea what to input since it doesn't work like that, where I'm from. Here, after you retire you just receive some sum of money every month until you die.

In the Tax Return window in "Wages, salaries, commissions, and tips" and "Dividend income" do I type in gross or net value?

Also what should I write in "Itemize the sources and amounts for the taxes and withholdings amount entered above". I thought I just needed to specify how the money in the taxes field is spread between institutions but the box is really small, like for inputting a mere number.

My mom bought a flat. She is technically the owner of her part of the building but she still pays rent to the original property owner. Do I select "own home" and include the rent in "Monthly housing payment", or should I do something else?

"Home purchase price" - when we bought the flat there was nothing in it, (just walls, windows and a concrete floor), so we had to put a lot of money into furnishing it. Do I include the money spent on finishing the flat or just input the sum paid for the flat to the developer?

How important is it for all the numbers I input to be exact and correct? Because, the only specific, exact sums I'm sure about are income and taxes, the rest are very rough estimates. Do colleges check these things?

In the "How much does the student expect to receive from the following sources to pay for educational expenses for the 2019-20 academic year?" question, in the "Other relatives (and any other sources) to help pay for college expenses" box do I include the non-custodial parent?

Replies to: Filling out the international CSS profile is a nightmare

  • thumper1thumper1 Registered User Posts: 73,229 Senior Member
    "Current value of tax-deferred retirement, pension, annuity, and savings plans*" - What does it mean? I'm guessing it means the total amount of money put into the retirement plan in which case I have no idea what to input since it doesn't work like that, where I'm from. Here, after you retire you just receive some sum of money every month until you die.

    If your parents don’t have tax deferred retirement accounts...then yo7 put $0.
    In the Tax Return window in "Wages, salaries, commissions, and tips" and "Dividend income" do I type in gross or net value?

    Wages, salaries etc are the gross amount your parent received in 2017.

    Dividend income is the exact dollar amount of any dividend income they received in 2017.
    Also what should I write in "Itemize the sources and amounts for the taxes and withholdings amount entered above". I thought I just needed to specify how the money in the taxes field is spread between institutions but the box is really small, like for inputting a mere number.

    What question # is this on the Profile?
    My mom bought a flat. She is technically the owner of her part of the building but she still pays rent to the original property owner. Do I select "own home" and include the rent in "Monthly housing payment", or should I do something else?

    If she owns...she owns...and you put OWN. It sounds like your mom is purchasing from the flat owner....you need to ask her the details.
    "Home purchase price" - when we bought the flat there was nothing in it, (just walls, windows and a concrete floor), so we had to put a lot of money into furnishing it. Do I include the money spent on finishing the flat or just input the sum paid for the flat to the developer?

    You do not include the cost of furnishings.
    How important is it for all the numbers I input to be exact and correct? Because, the only specific, exact sums I'm sure about are income and taxes, the rest are very rough estimates. Do colleges check these things?

    It’s important they be accurate. You should be able to find out dividends received by looking online. What would be rough estimates?
    In the "How much does the student expect to receive from the following sources to pay for educational expenses for the 2019-20 academic year?" question, in the "Other relatives (and any other sources) to help pay for college expenses" box do I include the non-custodial parent?

    Hmmm....your non-custodial parent will be likely required to complete his own form. Perhaps someone else can answer this one.
  • doopahdoopah Registered User Posts: 35 Junior Member
    What question # is this on the Profile?

    #12 on the "Parent Non-US Tax Return". It pops up after you enter something into the tax box(#11)
    It’s important they be accurate. You should be able to find out dividends received by looking online. What would be rough estimates?

    I'm sorry I wasn't clear. The dividends would be exact (at least I think so, it's not my mom who receives dividends, it's my dad and I'll be filling his form later on). The numbers I'd be approximating are house value and purchase price, car value and purchase price, assets (available money), my earnings (I don't have a tax return) and basically all expenses. By rough estimates, I mean that for example I type in 20k PLN spent on food but it might as well be anything between about 15k-25k.
    Hmmm....your non-custodial parent will be likely required to complete his own form. Perhaps someone else can answer this one.

    Yes, my dad will be completing his own form, so I don't know whether to enter his support here as well or just on his form.
  • BelknapPointBelknapPoint Registered User Posts: 3,983 Senior Member
    ...it's my dad and I'll be filling his form later on
    Yes, my dad will be completing his own form...

    There's a conflict here.
  • doopahdoopah Registered User Posts: 35 Junior Member
    edited December 2018
    I meant I will be completing his own form for him (he doesn't speak any English). He's got a separate account.
  • thumper1thumper1 Registered User Posts: 73,229 Senior Member
    Do the best you can with car costs, and food.
  • SouthernHopeSouthernHope Registered User Posts: 2,062 Senior Member
    @thumper1 You are a treasure when it comes to complicated questions like this!
  • doopahdoopah Registered User Posts: 35 Junior Member
    edited December 2018
    When answering the supplemental questions from specific colleges, do I include the non-custodial parent? For example:
    Does either parent hold an interest in a corporation, partnership, or Schedule C business? (If yes, include the value and debt owed for the appropriate business(es) in Parents’ Assets.)
    My dad's form doesn't have any supplemental questions.

    I know it says "either parent" but earlier in the profile it was specified that this form is just for the student and the custodial parent
  • TS0104TS0104 Registered User Posts: 561 Member
    edited January 9
    @thumper1 I have my own CSS profile questions,want to take a look? 1) Under retirement assets, would we include inherited IRAs? 2) We have another child already in college. We pay her tuition (full cost-scholarship) from her 529. Do we enter that amount as "Total educational expenses paid by student's parent(s)?" even though its coming from a 529? 3) Does the son who is applying put the value of his 529 in Student Assets, or does this go in Parent Assets? Thanks!
  • BelknapPointBelknapPoint Registered User Posts: 3,983 Senior Member
    I have my own CSS profile questions,want to take a look? 1) Under retirement assets, would we include inherited IRAs? 2) We have another child already in college. We pay her tuition (full cost-scholarship) from her 529. Do we enter that amount as "Total educational expenses paid by student's parent(s)?" even though its coming from a 529? 3) Does the son who is applying put the value of his 529 in Student Assets, or does this go in Parent Assets? Thanks!

    You should start your own thread, especially since based on your questions it looks like you aren't completing the international Profile.
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