Your Free Application for Federal Student Aid (FAFSA) has been selected for the Federal Verification Process. This process is required by federal regulations to be completed by the Financial Aid Office to ensure that the information reported on your FAFSA is accurate. In order for us to complete this process, we will need for you to either complete the IRS Data Retrieval on your FAFSA OR request an IRS Tax Return Transcript. Please review the information below regarding how to complete the IRS Data Retrieval OR to request an IRS Tax Return Transcript.
IRS Data Retrieval Process
This process will allow you to automatically have your familyâ€™s income information transferred to your FAFSA. The process enables FAFSA to request and retrieve income and tax data directly from the IRS.
All 2013-2014 FAFSA On The Web applicants, and the parents of dependent applicants, who indicate that they have filed their federal tax returns prior to completing their FAFSA, may use the FAFSA-IRS Data Retrieval process to complete their FAFSA.
How the IRS Data Retrieval works: If you and your parents have filed federal tax returns before starting the FAFSA, you will be able to transfer your income information while completing the FAFSA. If you have not filed federal tax returns before starting the FAFSA, you may transfer the IRS Data Retrieval information after filing federal tax returns by using the FAFSA corrections process.
Electronically filed tax return information will be available online from the IRS site 1-2 weeks after the return has been filed; data from paper tax returns will be available in 6-8 weeks.
Families must actively choose to utilize the IRS Data Retrieval. When you choose to do so, you will be transferred to the Internal Revenue Service web site. You will need to authenticate your identity before any personal information is displayed.
Some Families Will Not Be Able to Use the IRS Data Retrieval Tool:
- Parents of a dependent student filing separate tax returns;
- An applicantâ€™s parent with a change in marital status after the end of the tax year on December 31, 2012;
- Anyone who has filed an amended tax return;
- Applicant or applicantâ€™s parents who have filed a foreign tax return.
Families Unable to Use the IRS Data Retrieval Tool:
If you are unable to use the IRS Data Retrieval Tool you must request an IRS Transcript to verify your income.
IRS Tax Return Transcript Request Process
Tax filers can request a free transcript of their 2012 tax return from the IRS in one of three ways noted below. IRS Tax Return Transcripts requested online and over the phone cannot be sent directly to a third party by the IRS.
Available on the IRS Web site at www.irs.gov
- In the Online Services section of the homepage click â€śOrder a Tax Return or Account Transcriptâ€ť
- Click â€śOrder a Transcriptâ€ť
- Enter the tax filerâ€™s Social Security Number, date of birth, street address, and zip or postal code. Use the address currently on file with the IRS. Generally this will be the address that was listed on the latest tax return filed. However, if an address change has been completed through the US Postal Service, the IRS may have the updated address on file. Then click â€śContinueâ€ť.
- In the Type of Transcript field, select â€śReturn Transcriptâ€ť and in the Tax Year field, select â€ś2012â€ť.
- If successfully validated, tax filers can expect to receive a paper IRS Tax Return Transcript at the address included in their online request, within 5 to 10 days from the time the on-line request was successfully transmitted to the IRS.
Available from the IRS by calling 1-800-908-9946
- Tax filers must follow prompts to enter their social security number and the numbers in their street address. Generally this will be numbers of the street address that was listed on the latest tax return filed. However, if an address change has been completed through the US Postal Service, the IRS may have the updated address on file.
- Select â€śOption 2â€ť to request an IRS Tax Return Transcript and then enter â€ś2012â€ť.
- If successfully validated, tax filers can expect to receive a paper IRS Tax Return Transcript at the address that was used in their telephone request, within 5 to 10 days from the time the IRS receives the request.
Paper Request Form â€“ IRS Form 4506T-EZ
IRS Form 4506T-EZ can be downloaded at http://www.irs.gov/pub/irs-pdf/f4506tez.pdf
- Complete lines 1 â€“ 4, following the instructions on page 2 of the form. Note that line 3 should be the most current address as filed with the IRS. It is the address where the IRS Tax Return Transcript will be sent. If the address has recently changed, include the address listed on the latest tax return filed on Line 4.
- Line 5 provides tax filers with the option to have their IRS Tax Return Transcript mailed directly to a third party by the IRS. If you would like to have this information sent directly to the Financial Aid Office, please use the following address: Financial Aid Office, Eastern University, 1300 Eagle Road, St. Davids, PA 19087.
- On line 6, enter â€ś2012â€ť to receive IRS tax information for the 2012 tax year that is required for the 13-14 FAFSA.
- The tax filers (or spouse if requesting information from a joint tax return) must sign and date the form and enter their telephone number. Only one signature is required to request a transcript for a joint return.
- Mail or fax the completed IRS Form 4506T-EZ to the appropriate address or fax number on pg. 2 of Form 4506T-EZ.
- Tax filers can expect to receive their transcript within 5 to 10 days from the time the IRS receives and processes their signed request. NOTE: Processing form 4506T-EZ means verifying/validating the information provided on the form. If any information does