Admitting parents tax fraud

acdchai
Mon, 18 Jul 2016 01:42:35 +0000

Taking a gap year won’t help because this year’s FAFSA is based on 2015 taxes anyway. I don’t think there is any way to get the parents to be able to fix this without admitting to the fraud. In my opinion the child should ask them to take out whatever type of loan they can get at whatever rate and that he will pay them back on the same terms he would have paid back the $5500 he should have been entitled to.