Delayed Dividends:FILE NOW,AMEND LATER?

easydoesitmom
Mon, 12 Feb 2007 09:09:47 +0000

Wow ! I did not realize that Congress delayed so much for 2006 . A certain reporting form is not available to us to complete taxes until mid - March 2007.

Our dilemma is that I have a first time college son (for 2007-2008 so this is his crucial base year ) and one daughter still in college and I ALWAYS have my taxes done by Feb 10 ! Then, file final FAFSA ( we did Estimate second week of Jan .)

Now I need to know if I should wait until mid-March to file taxes , file final FAFSA .

OR FILE NOW , and do the 1040x amend later .

What LOOKS better ??? We are in below $50,000 income category .

Do these FOA really not begin to look at FAFSA online at their schools until beginning of March anyway ??'

Btw , the amount that will need to be reported as dividends is about $600 .