<p>Does this count as being filed by colleges or do they wait until my final 2010 tax figures? In other words, have I met the filing deadline since I have filed the form but I will be making changes in the next couple of days? Another way of wording it, am I in limbo status until I get the final 2010 figures? Thanks.</p>
<p>Will file should meet your Feb. 1 deadline - but if you have a later deadline I would assume that is a final filing deadline unless stated otherwise. If in doubt ask, you don’t want to miss a deadline and filing early is preferrable.</p>
<p>I am sure that all colleges and universities are aware that some people can’t file this early or even by the end of February. I used to be invested in something that did not get us the appropriate tax document until early March and even today, will not receive a final 1099-DIV from one brokerage until as late as 2/28 due to investments that do not have their final numbers yet (what was paid as dividends actually may end being partially considered something else for tax purposes). We have one school that wants copies of tax returns by 2/15 and they are going to get estimates with a note that dividends are still subject to revision pending receipt of final 1099s. And this is not unusual with many publicly traded companies, such as REITs (real estate investment trusts), being like this.</p>
<p>This meets the filing requirement. What may happen is that your college may require you to provide a copy of the 1040 at a later time. Although it isn’t expected that your FAFSA and 1040 will be spot-on, they should be close. This type of verification is common, but I don’t know what % of students are checked.</p>