Help! My father is self employed!

huguenot
Tue, 06 Jan 2009 13:14:00 +0000

If he’s tax filing as self-employed (either schedule C or filing a business tax return), he’ll have to do the business supplement for Profile. If he owns the majority of the business, controls it and has less than 100 employees, FAFSA ignores it. If he has an equal partner or owns less than 51%, he’ll have to include that on FAFSA, too.