Admitting parents tax fraud

mom2collegekids
Sun, 17 Jul 2016 17:46:26 +0000

Right.

This student needs to assume that this will never get worked out and NOT go to this school in the Fall.

I’m very concerned that he/she might start at this college hoping that somehow the money will “work out” and then have to leave …owing a big bill…or ruining chances for large merit elsewhere as an incoming freshman.

If this student takes a gap year, doesn’t go to school ANYWHERE…just works…then this fall s/he applies where s/he can get HUGE merit, then she can get that 5500 loan w/o parent info.

It might also help if the student files his own taxes, right after the new year, claiming him/herself.

The student is in a position of power in regards to the parents because of the risk of exposure.