Finanical Aid Consequences of a Roth IRA

[Guest Mark Friz]

My son is 17 and we are in the midst of applying for colleges. We have filled out the CSS Profile, and find that our Adjusted Gross Income (AGI) is increased by $25,000 because of a Roth IRA rollover. Does anyone know how to get the rollover off the front page of the income tax return. If not, how does one complain to the IRS about this inequity? Any help would really be appreciated!

For information on the financial aid consequences of a Roth, go to www.rothira.com/finaid.htm.