Reporting under-the-table income?

thumper1
Sat, 20 Feb 2010 09:44:50 +0000

The problem is that my application for admission reports that I work 6 hrs/wk, but I don’t feel comfortable reporting the untaxed income on my financial aid forms.



I’m not a tax expert…but you really ARE supposed to report this income on your taxes. If you put it on one finaid form (the FAFSA) then the schools are certainly going to wonder why it’s not on the other (Profile). If you are selected for verification at any point, you will be required to provide ALL tax information to the schools.

Best to be honest all around.