If your FAFSA was selected for review in a process called Verification, then you must follow the Verification Procedures. In this process, we (the school) will be comparing information from your FAFSA with information from copies of your (and your spouse’s, if you are married, or your parent’s, if you are dependent) 2015 Federal tax return transcript, and/or with W-2 forms and/ or other financial documents. Federal Regulations grant the college the right to ask you for this information before awarding federal aid.
What you should do:
See example below:
For assistance, please call 855-246-5282 (855-2GO-JCTC) or visit our Student Service Center online.
*SPECIAL NOTE*: 2016-2017 INSTRUCTIONS FOR IRS DATA RETRIEVAL TOOL & REQUESTING IRS TAX RETURN TRANSCRIPT
The best way to verify income is by using the IRS Data Retrieval Tool that is part of the FAFSA on the Web. If you have not already used the tool, go to https://fafsa.ed.gov/, log in to your FAFSA record, select “Make FAFSA Corrections,” and navigate to the Financial Information section of the form. From there, follow the instructions to determine if you are eligible to use the IRS Data Retrieval Tool to transfer 2014 IRS income tax information into your FAFSA. If you filed an amended return, you cannot use the IRS Data Retrieval Tool.
To obtain an IRS tax return transcript go to www.IRS.gov and click on the “Order a Return or Account Transcript” link or call 1-800-908-9946. Make sure to request the “IRS tax return transcript” and NOT the “IRS tax account transcript.” You will need your Social Security Number, date of birth, and the address on file with the IRS (normally this will be the address used when your 2015 IRS tax return was filed.) There is no fee for this.
It takes up to two weeks for IRS income information to be available for electronic IRS tax return filers, and up to eight weeks for paper IRS tax return filers. If you and your spouse or your parent are married and filed separate 2015 tax returns, a tax return transcript for both must be submitted. You may also request a tax transcript by mailing or faxing the paper Form 4506T-EZ, which can be printed from the IRS website.
Did you file an amendment to your return?
If you filed an amendment to your tax return, you cannot use the IRS Data Retrieval process. Instead, you must request a “tax transcript” which contains the information on the original return, AND a “tax account transcript” which contains only the data that was altered. Both documents will need to be submitted to the financial aid office.