Foreign Income

Foreign Income

Income from non-IRS tax returns would be reported on the FAFSA, with the value of the foreign income and taxes reported in U.S. dollars, using the exchange rate at the time of the application.

For verification these returns are considered equivalent to IRS Form 1040. If the student (or his parents) earned foreign income but did not pay any taxes on it, it should be reported as untaxed income.

Persons from a foreign country who are not required to file a tax return can provide the signed statement certifying their income and taxes paid.