IRS DATA RETRIEVAL
IRS DATA RETRIEVAL TOOL
The U.S. Department of Education created an enhancement to the FAFSA filing process by allowing applicants and parents to retrieve tax data from the Internal Revenue Service (IRS).
This process called the IRS Data Retrieval Tool is easiest way to provide accurate income tax information on the FAFSA www.fafsa.ed.gov
- ALL applicants and parents who indicate they have filed a federal tax return will be directed to use the IRS Data Retrieval Tool.
IMPORTANT CHANGES TO THE 2015-2016 FAFSA PROCESS:
- Applicants and parents who indicate they will file a federal tax return will receive email communication(s) from the federal processor directing them to use the IRS Tool to update their income information once they have filed their 2013 federal income tax return.
- Applicants selected for the verification process will be required to use the IRS Data Retrieval Tool (or) they may choose to request a tax transcript from the IRS which can later be submitted to the Financial Aid Office.
HOW SOON AFTER FILING A 2014 FEDERAL TAX RETURN CAN I USE THE IRS TOOL?
|IRS Data will be available to fill in the FAFSA within 2 weeks of filing.|
|IRS Data will be available to fill in the FAFSA within 6 – 8 weeks of filing|
If you plan to submit your FAFSA before you and/or your parents complete and submit your 2014 Federal Tax Return, be sure to use the IRS Data Retrieval Tool to update your FAFSA record once the returns have been submitted and the income data is available to be retrieved.
WHO IS ELIGIBLE TO USE THE IRS DATA RETRIEVAL TOOL
You will be given the option to view/transfer your IRS information if you have:
- Filed your 2014 Federal Tax Return(s)
- A valid social security number
- A Federal Student Aid PIN (if you do not have a PIN, you will be given the option to apply for one)
- Not changed your marital status since December 31, 2014
WHO IS NOT ELIGIBLE TO USE THE IRS DATA RETRIEVAL TOOL
The following circumstances make you ineligible to use the Irs Data Retrieval Tool:
- Filed an amended 2014 Federal Tax Return
- Will not file a 2014 Federal Tax Return
- Are married but filed separately
- Filed a foreign tax return (including Puerto Rico)
Parents who are married but filing separately must submit two separate IRS transcripts. A signed and translated copy of foreign tax return must submit to our office are required for those filing a foreign or Puerto Rican tax return.