What is
Verification?
The U.S. Department
of Education selects students for the verification process. Once
selected, a college or university financial aid office is required to
verify selected items by collecting tax returns and other specified
documents to compare the information with items on the student’s
FAFSA.
Beginning with the
2013-2014 academic year, the U.S. Department of Education will
identify specific items that must be submitted if a student is
selected for verification. Not all students will be required to turn
in the same documentation. The type of documentation a student
is required to submit depends upon the specific verification
group in which a student is placed.
Examples of the
different verification groups and corresponding documentation are
listed below. Please be aware that this information can change
from one aid year to another. Details of what
documentation is needed from a student will be posted on the
student’s MyNortheast account.
Group 1:
- Tax return
transcript (only if the student did not use the IRS Data Retrieval
Tool on the FAFSA)
- Number of
household members
- Number in
college
- Income earned
from work for non-tax filers
Group 2:
- Reserved for
FSA use only
Group 3:
- Reserved for FSA use only
Group 4:
- High
School Completion Status
- Identity/Statement of
Educational Purpose
Group 5:
- Tax return
transcript (only if the student did not use the IRS Data Retrieval
Tool on the FAFSA)
- Number of
household members
- Number
in college
- Income earned
from work for non-tax filers
- High
School Completion Status
- Identity/Statement
of Educational Purpose
Group 6:
- Reserved for FSA use only
Tax Return
Documentation
Option 1 (preferred
and quickest). Use the IRS Data Retrieval Tool when completing the
FAFSA online.
- Students and
parents have the option to automatically link to the IRS to
transfer tax information to the FAFSA.
- The Federal
Tax Return must be filed at least two weeks (if filing
electronically) prior to using the FAFSA IRS Data Retrieval
Tool to allow the IRS time to process the return. Paper tax return
filing will require a longer wait time.
- Additional documentation
may still be required to verify data not provided by the FAFSA
IRS Data Retrieval Tool such as the institutional verification form
for items like household size, number in college, and
untaxed income.
- Certain tax
filers may not be able to use the IRS Data Retrieval Tool and will
need to request an IRS Tax Return Transcript (see list below).
Tax filers not
eligible to use the IRS Data Retrieval Tool.
- Filing status
- Married Filing Separately
- Filing status
- Head of Household (when parent or student is married and filed the
tax return either as head of household or married but filing
a separate return)
- Filed Amended
Tax Return
- Filed Foreign
Tax Return
- Recently filed
taxes (less than two weeks ago)
Students and
parents who did not use the IRS Data Retrieval Tool when
initially completing the FAFSA may log back into the FAFSA and use
the IRS Data Retrieval Tool after filing their taxes.
Option 2. Request a
Federal Tax Return Transcript from the IRS and submit the document to
the Northeast State Financial Aid Office.
- An official
tax return transcript will be required for tax filers who are
unable to use the IRS Data Retrieval Tool.
- Additional
documentation may also be required to verify data not provided such
as copies of W-2 forms, 1099 forms, and verification form for
such items as household size, number in college, and untaxed income.
How to Request a
Tax Return Transcript:
Online Request
- Available on
the IRS website at www.IRS.gov
- In the Tools
section of the homepage click “Order a Tax Return or
Account Transcript”
- Click "Order
a Transcript" under step 3 and follow the instructions
- In the Type
of Transcript field, select "Return Transcript" and in the
Tax Year field, select the appropriate tax year (NOTE: Name and
address must be exactly as it was entered on your tax return)
- IRS Tax
Return Transcripts requested online cannot be sent directly to an
institution
- Once
the student and/or parent receives the Tax Return Transcript,
write the student's ID at the top of each page of the form
before turning it into the Financial Aid Office
Telephone
Request
- Available
from the IRS by calling 1.800.908.9946
Paper Request
form - IRS Form 4506T-EZ
- Download form
4506T-EZ from the IRS website.
- Complete the
form according to the instructions.
- Although Line
5 provides tax filers with the option to have their IRS Tax Return
Transcript mailed directly to a third party by the IRS, it is not
the recommended method as the institution may have difficulty
matching a parent's incoming IRS Tax Return Transcript to the
aid applicant, as the two names may be different.
- Recommend the
parent and/or student have the IRS Tax Return Transcript
mailed directly to them and then submit the transcript to
the Financial Aid Office after writing the student's ID at the top
of each page of the transcript.
Non-Tax Filers will
be required to turn in additional information to document all sources
of income.
Tax Return
Documentation for Individuals Granted a Filing Extension by the IRS
If a student/parent
is required to file an IRS income tax return and has been granted
a filing extension by the IRS, provide the following documents to the
Financial Aid Office:
- A copy of the
IRS form 4868 that was filed with the IRS for the requested tax year AND
- A copy of IRS
Form W-2 for each source of employment income received for the requested tax
year and, if self-employed, a signed statement certifying
the amount of the individual’s AGI and the U.S. Income tax paid
for the requested tax year AND
- A copy of IRS Form 4506-T
Tax Return
Documentation for Individuals Who Filed an Amended IRS Income Tax
Return
If a student/parent
filed an amended IRS income tax return, provide
both of the following:
- A signed copy
of the original IRS income tax return that was filed with
the IRS or an IRS Tax Return Transcript (signature not
required) for the requested tax year, AND
- A signed copy
of the IRS Form 1040X that was filed with the IRS. The form
must be stamped by the IRS in order to validate its
authenticity.
Tax Return
Documentation for Individuals Who Were Victims of IRS Identity Theft
A victim of IRS
identity theft who has been unable to obtain an IRS Tax Return
Transcript or use the IRS Data Retrieval Tool must provide a signed
copy of the paper IRS income tax return that was filed with the
IRS and a signed copy of IRS form 14039 “Identity Theft Affidavit,”
if one was submitted to the IRS. If the individual did not keep a
copy of Form 14039 or the IRS did not require the student/parent to
submit one, the following must be provided:
- A statement
signed and dated by the individual indicating that
the student and/or parent was a victim of IRS identity
theft and that the IRS is investigating the matter. The statement
must also indicate that the individual submitted a form 14039
to the IRS, but did not keep a copy of it or that it was not
required; OR
- A copy of a
police report, if filed as a result of IRS identity theft.
Students who are
eligible for certain Tennessee Educational Lottery Scholarships may be
selected for verification even if they qualify for no other aid.
In these cases, verification must be completed before an award can be offered to the
student by Northeast State Community College.
Please contact the
Financial Aid Office at Northeast State Community College if
you have questions or if you are unsure if you have been selected for
verification.
Financial Aid representatives are available to assist students with any questions or
concerns regarding their eligibility. Contact
the Financial Aid Office! In an effort to adhere to federal
privacy laws, the Northeast State Community College Financial
Aid Office restricts the release of certain private student
information. Students must contact us personally to check the status
of their financial aid application and awards. We may be able to
release information to a third party (i.e., parent, spouse, etc.)
with a signed release form on file from the student. A Third Party
Release form can be obtained at Financial
Aid Forms or in the Financial Aid Office in C2406. This form
must be signed by the student in the presence of a financial aid
representative.