FAFSA 2008-09 question: What if my parents haven't done their tax for 2007 yet? Related Questions

FAFSA 2008-09 question: What if my parents haven't done their tax for 2007 yet?
Asked By corona7w,Last Answer By beut_els_guese At 2009.12,1 Answers

All the tax related questions on FAFSA are for the year 2007, which my parents haven't even done their tax. They do have their tax return forms from 2006 though, do I just fill in the 2006 numbers?

FAFSA 2008-09 question: What if my parents haven't done their tax for 2007 yet?
Asked By corona7w,Last Answer By beut_els_guese At 2011.03,1 Answers

All the tax related questions on FAFSA are for the year 2007, which my parents haven't even done their tax. They do have their tax return forms from 2006 though, do I just fill in the 2006 numbers?

I want to go to school in fall of 2008, when should I submit my fafsa online?
Asked By abyssal_nuclei,Last Answer By T At 2009.12,1 Answers

In order to apply for Federal financial assistance for the Fall of 2008, you need to complete the 2008-2009 FAFSA. You may be able to obtain a paper copy of this FAFSA now, but you cannot submit it for processing until after January 1, 2008. You do not need to have your 2007 taxes completed before you complete the FAFSA. Just answer the questions related to income with the best estimates possible and update the information once you have completed your 2007 tax returns.
You will also want to contact the financial aid offices at the colleges you are applying to in order to obtain their school code for the FAFSA, the number which authorizes them to receive your FAFSA info, and to see what their deadline dates are for the FAFSA and any other financial aid paperwork that needs to be submitted. Be sure to tell them that you are applying for the 2008-2009 academic year.

FAFSA score for single parents living with relatives?
Asked By An Average Joe,Last Answer By 106.187.47.* At 2015.10,2 Answers

My daughter is nineteen and pregnant and wants to go back to school. Her current cosmetology license is not gonna well support her and the baby. She is good at it, but the job market is flooded with girls just like her.

She wants to go to college after having the baby.

Since she lives with me and her Mother is she stuck with our income or now that she will have a dependant? Does that change with her having a dependant?

FAFSA score for single parents living with relatives?
Asked By An Average Joe,Last Answer By Found-1 At 2009.12,1 Answers

My daughter is nineteen and pregnant and wants to go back to school. Her current cosmetology license is not gonna well support her and the baby. She is good at it, but the job market is flooded with girls just like her.

She wants to go to college after having the baby.

Since she lives with me and her Mother is she stuck with our income or now that she will have a dependant? Does that change with her having a dependant?

If your planning on taking spring classes, do I enter 2008-2009 school year on my FAFSA or 2009-2010?
Asked By ✰Sp!cySAMeezy✰ {BackUp},Last Answer By Stupid Questions, Stupid Answe At 2009.12,1 Answers

I'm on the website and I'm not sure because this is what it says.

The 2008-2009 School Year (July 1st, 2008 - June 30th, 2009):

* FAFSA on the Web applications must be submitted by midnight Central Daylight time, June 30, 2009.
* Corrections on the Web forms must be submitted by midnight Central Daylight Time, September 15, 2009.
* Note: Your school must have your complete and correct information by your last day of enrollment in the 2008-2009 school year.

The 2009-2010 School Year (July 1st, 2009 - June 30th, 2010):

* FAFSA on the Web applications must be submitted by midnight Central Daylight time, June 30, 2010.
* Corrections on the Web forms must be submitted by midnight Central Daylight time, September 15, 2010.
* Note: Your school must have your complete and correct information by your last day of enrollment in the 2009-2010 school year.

Question about the FAFSA?
Asked By meep meep,Last Answer By beut_els_guese At 2009.12,1 Answers

Can I submit my FAFSA right now to say, 5 schools and come back tomorrow and submit it for the rest of my schools or do I have to submit it to all my schools at one time?

Also, what is the use of the PIN, and when do I use it? I created one, but I never recieved a comfirmation Email for it (though I did print the webpage). When do I use the PIN?

Thank you so much, I'm just really confused about this whole Financial Aid process!

College aid question FAFSA EFC?
Asked By 5spdpnydrvr,Last Answer By Belie At 2009.12,1 Answers

I just filled out my FAFSA online and it said that my estimated EFC is 8484. what does this mean?

What is the new tds rates and schedule for financial year 2007-2008?
Asked By vasu_aryal,Last Answer By Deva At 2009.12,1 Answers

its a lengthy answer Ary. if you are specific in the area, weather salaried etc, its easy for us to answer shortly. Change in Tax Deduction at Source Rates
as on April, 06th 2007
The following amendments have been made by the Budget 2007/CBDT in respect of deduction of tax at source and issue of TDS certificate.
1. The rate of deduction of tax at source w.e.f. 1st April, 2007 are as under :
(i). Payment to Contractors
Tax : 2%
Surcharge : 10% of Tax
Education Cess : 3% of tax and surcharge.

Hence over all rate will be 2.266% if surcharge is applicable otherwise the rate will be 2.06%.

(ii). Payment to Sub-Contractor
Tax : 1%
Surcharge : 10% of Tax
Education Cess : 3% of Tax & surcharge
Hence over all rate will be 1.133%, if surcharge is applicable and otherwise it will be 1.03%.

(iii). Payment of interest
A. If paid to a person other than a company
Tax : 10%
Surcharge : 10% of tax
Education Cess : 3% of Tax & Surcharge
Overall TDS rate : 11.33% if surcharge is applicable and otherwise 10.30%.

B. If paid to a company
Tax : 20%
Surcharge : 10% of Tax
Education Cess : 3% of tax and surcharge
Overall TDS rule : 22.66% if surcharge is applicable and otherwise 20.60%.

(iv). Payment for Professional/Technical Services/Commission/ Brokerage
From 01.04.2007 to 31.05.2007
From 01.06.2007 onwards
Tax Rate 5%
Tax Rate 10%
Surcharge 10%
Surcharge 10% Tax
Education Cess 3% of the Surcharge
Education Cess : 3% of Tax & Surcharge
Overall TDS Rate 5.665% if surcharge is applicable otherwise 5.15%
Overall TDS rate 11.33% if surcharge is applicable, otherwise 10.30%

(v). Payment of Rent for Land and Building
A. If paid to an individual or HUF
Tax Rate : 15%
Surcharge : 10% of Tax
Education Cess : 3% of tax & surcharge
Overall TDS rate : 16.995% if surcharge is applicable otherwise
15.45%

B. If paid to a person other than individual or HUF
Tax Rate : 20%
Surcharge : 10% of Tax
Education Cess : 3% of Tax & Surcharge
Overall TDS Rate : 22.66% if surcharge is applicable
otherwise 20.60%

(vi). Payment of Rent for Plant and Machinery
From 01.04.2007 to 31.05.2007
From 01.06.2007 onwards
Tax Rate: 15% if paid to individual or HUF
: 20% if paid to a person other than Individual and HUF
Tax Rate : 10% for all
Surcharge :10%
Surcharge 10% Tax
Education Cess : 3% of Tax and Surcharge
Education Cess : 3% of Tax & Surcharge

Overall TDS Rate :16.995% or 22.66% if surcharge is applicable otherwise 15.45% or is 20.60%
Overall TDS rate 11.66% if surcharge is applicable, otherwise 10.30%

(vii) Salaries

Tax to be computed at normal rate on the basis of following table.
Basic Exemption Rs.1,10,000/-
From 1,10,000/- to 1,50,000 @ 10%
1,50,000/- to 2,50,000 @ 20%
2,50,000/- onward @ 30%

Surcharge to be levied @ 10% in case taxable income exceeds Rs.10,00,000/-. Education Cess to be added @ 3%.
However Basic Exemption for Woman Tax Payers shall be Rs.1,45,000/- and for Senior Citizen Rs.1,95,000/-
2. Education Cess @ 3% is applicable with effect from 1.4.2007.
3. Surcharge for deducting tax at source shall be leviable in case where payment is made to an individual or HUF, AOP or body of individual when aggregate amount paid or likely to be paid and subject to tax deduction exceeds Rs.10 lakhs, in case payment is made to a firm or a domestic company when aggregate amount paid or likely to be paid exceeds Rs.1 crore. In the case of payment to other than a domestic company the surcharge shall be levied @ 2.5%. Applicability of surcharge, in case payment exceeds the above prescribed limit is effective from 01.04.2007.
4. Change in rate of deduction of tax at source on payment of commission, brokerage, professional/technical services, rent shall be effective from 01.06.2007.
5 Applicability of increased limit of Rs.10,000/- for non deduction of tax in respect of payment of interest by bank shall be effective from 01.06.2007.
6. Applicability of leviability to deduct tax at source on payment by individual/HUF having turnover exceeding the limit prescribed in Section 44AB in respect of payment to contractors shall be effective from 1st June, 2007.
ahhh.....
next time be specific in your question. send a reply if you got your point.
with regards,
[email protected]

FAFSA question. If I want to take out student loan how to do this?
Asked By Red,Last Answer By Found-1 At 2009.12,1 Answers

I will be filling out my FAFSA later today. However, I know I will not be getting financial aid due to the fact that they will say my husband made too much money last year.


What I really want it to continue my student loan. I had one in 2000 and am still paying on it and I want to "re open" it and use it to pay for college.


How do I do this??????

FAFSA question. If I want to take out student loan how to do this?
Asked By Red,Last Answer By Found-1 At 2009.12,1 Answers

I will be filling out my FAFSA later today. However, I know I will not be getting financial aid due to the fact that they will say my husband made too much money last year.


What I really want it to continue my student loan. I had one in 2000 and am still paying on it and I want to "re open" it and use it to pay for college.


How do I do this??????

Early December 2007 I had a speeding violation, I went to April 2008 only to see that information, I will have
Asked By William Smith,Last Answer By anne lane At 2011.06,1 Answers

Early December 2007 I had a speeding violation, I went to April 2008 only to see that information, I will have to pay a fine in addition to other leaves? Violation problem

In 2007 and 2008, then-Sen. Obama of Illinois shattered all records by raising $745.7 million in the last pres
Asked By Hari,Last Answer By Vulcan At 2011.04,1 Answers

what would be an amount this time and why so prompt ?

I heard tht HERO HONDA cmpny launch new KARIZMA MODL 300-350cc in 2007 & 900cc in 2008...its true .?
Asked By sam,Last Answer By reddevil At 2011.03,1 Answers

July 2008 Focus hatchback and sedan in May 2007 marks 307, which two used car if the election if that election
Asked By Jane black,Last Answer By rose zhou At 2011.06,1 Answers

July 2008 Focus hatchback and sedan in May 2007 marks 307, which two used car if the election if that election which is better

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