I even called the school to confirm. Yes the deadline is Feb 15th for consideration of the largest pot of $, you can submit after that, but the chances of $ are lessened. and to Confirm W-2 must be postmarked by Jan 31. 1099’s are now the end of Feb. and K-1’s do not have to be delivered until March 15 and sometimes as late as Oct is the company files for extension. This K-1 is generated by a fund we owned last year, so I have no control over it. never again. Thank you for your feedback.
The K-1 is generated by a fund we owned last year - so I really have no control. Never again.
The good news is that in future years, there won’t be quite the hustle.
For one thing, next year is the first year that prior-prior year tax info will be used, so you’ll have everything done and be able to file FAFSA/CSS this October.
Further, your kid will already be in college and in my experience, the docs aren’t due until later for current students. I have an April deadline this year.
I am sorry this happened. We are in a similar situation, though hopefully we will be able to get taxes done by March 1, which is the deadline for our schools. FWIW, IDOC told me they won’t deliver anything to the requesting schools until the federal tax returns are submitted. I had hoped that sending 2014 tax returns, 1099s and W2s from 2015, and letter of explanation that 2015 tax return would be sent ASAP would be enough. Nope, it’s everything or nothing. I just got what I hope is the final tax document yesterday – Feb 12. Feb 15 would be really tight – good luck!
The k-1 is from a fund you own?
What’s the name of it? Oftentimes you can get the PTP K-1s online sooner than waiting for them to come in the mail.