FAFSA & Unfiled Returns

The FAFSA (Free Application for Federal Student Aid) requires that the applicant, often the parent of a prospective or current student, have filed a federal income tax return for the current year, unless an extension has been filed or gross income is under the IRS filing threshold. Parents or applicants with unfiled returns face the prospect of ineligibility for federal financial aid, unless a tax return is filed.  While the Department of Education previously allowed applicants to estimate tax a...