It is best if your parents file their income tax return(s)
before filling out this application. However, if your parents have not filed
their income tax return(s), they should calculate their adjusted gross income (AGI)
using the AGI
Worksheet. When your application is compared with the tax return(s) they
actually file, the financial information must agree. If there are differences,
you will need to correct the information and send it back to the U.S. Department
of Education. This could mean a delay in getting student financial aid.
Even if your parents are not required to file a 1999
income tax return, they will need to calculate their earnings for the
year. Use W-2 Forms and other records to answer the questions in this section.
If an answer is zero or a question does not apply to
your parents, enter 0 (zero).
For the 2000-2001 FAFSA, the base year for completing income tax
questions is 1999. Income tax questions give 1999 tax references.
Courtesy of: "Completing the 2000-2001
FAFSA," from the U.S. Department of Education