CSS Profile messed up my financial aid

striped_sandal
Wed, 13 Apr 2016 23:06:03 +0000

You said your stepdad owns the company. How is a company asset not “his” money?

I didn’t mean he actually owns the company, he just belongs to it.

Another thing that the fin aid officer at USC said to me was that:

1.) I need to get our cpa to somehow prove (with documents) that the interest income on our tax returns (marked as a company, not direct) is not useable by us for college, and that it is ONLY going to the business. That will return our checking/cash/savings back to where it is supposed to be, 290k less than what they are saying it is. They are assuming the interest income from the company is coming from an account we own and have discretion over, when that isn’t the case.

2.) The losses in schedule E are all assumed to be paper losses, and if we want to prove that we don’t have the money for the school we must provide documentation AND a letter from the cpa explaining how it is a real loss and not just for the purposes of tax reductions.

What I don’t get, is what forms prove this? They already said that the letter our cpa provided on its own was not enough.