Verification Worksheet- V1 DIRECTIONS 2016 INCOME TAX FILER DIRECTIONS:

Transcription

1 Verificatin Wrksheet- V1 DIRECTIONS 2016 INCOME Yur applicatin was selected by the U.S. Dept. f Educatin fr review in a prcess called "verificatin". Yu must submit the last 3 pages f this verificatin wrksheet and prvide IRS Incme Verificatin frm 2016, alng with 2016 W2s (nn-tax-filers nly). IRS Incme Verificatin: Tax filers directins are n page 1 Special Circumstances directins are n page 2 Examples: 2016 Active Tax Extensins, Identity Theft, and Freign Tax Returns and IRA Rllvers and Pensin Rllvers Nn-tax filers directins page 2 (als must submit all 2016 W2s r equivalent) TAX FILER DIRECTIONS: IRS INCOME VERIFICATION 2016 TAX YEAR: IRS Incme Verificatin fr tax filers can be btained in tw different ways: Optin 1 - IRS Data Retrieval prcess thrugh FAFSA (which is the quickest way t get yur IRS Incme Verificatin t us) r Optin 2 - Tax Transcript thrugh the IRS. Because f this difference in prcessing time, we strngly recmmend utilizing the IRS Data Retrieval (Optin 1). Please nte recently widwed, separated, married filed separately, r divrced parents that were required t file a jint return are NOT eligible t d the IRS Data Retrieval. In this case yu will need t fllw Optin 2. Fr families with special circumstances, such as filing tax extensins (Frm 4868), victims f identity theft, please see the sectin n special circumstances n page 2. Optin 1 IRS DATA RETRIEVAL INTO FAFSA: The mst efficient way t verify incme is by using the IRS Data Retrieval Tl (DRT) within yur FAFSA applicatin. If the student/parent has nt already used the tl, g t FAFSA.gv, lg in t the student s FAFSA recrd, select Make FAFSA Crrectins, and navigate t the Financial Infrmatin sectin f the frm. Frm there, fllw the instructins t determine if the student/parent is eligible t use the IRS Data Retrieval Tl t transfer 2016 IRS incme tax infrmatin int the student s FAFSA. Once the IRS data transfer is cmplete, electrnically SIGN and SUBMIT yur FAFSA. Amended 2016 Tax Return Filers: (New Fr ) Families wh have amended their federal tax return are nw eligible t use the IRS DRT with in yur FAFSA applicatin. Please als submit t ur ffice: IRS Tax Return Transcript frm 2016 (see ptin 2 directins belw) IRS Frm 1040X (signed) frm 2016 IRA Rllvers and Pensin Rllvers with IRS DRT: Prvide the fllwing t if yu d have an Untaxed IRA and/r Pensin Rllver. A written ntice/request fr crrectin t yur FAFSA Untaxed IRA and/r Pensin Rllver; A cpy f Page 1 f yur Federal 2016 IRS Federal Incme Tax Return; A cpy f IRS Frm 1099-R fr all IRA r Pensin distributins. Optin 2 - IRS TAX RETURN TRANSCRIPT 2016 TAX YEAR: If yu d nt r cannt use the IRS Data Retrieval tl, r yu have Amended yur taxes, then all tax filers must submit a 2016 IRS Tax Return Transcript. Yu can btain a Tax Return Transcript by using ne f the fllwing: Online Request - G t click "Get Transcript by Online" r Get Transcript by Mail. Be sure t request the IRS Tax Return Transcript and Tax Year NOT the IRS Tax Accunt Transcript. IRS2G App dwnlad the app at the fllwing t request a transcript: Apple Stre Ggle Play Telephne Request Call t request a 2016 IRS Tax Return Transcript. Paper Request Frm - IRS Frm 4506T-EZ r IRS Frm 4506-T n fr Tax Year 2016 DIRECTIONS PAGE 1

2 SPECIAL CIRCUMSTANCES DIRECTIONS: IRS INCOME VERIFICATION 2016 TAX YEAR: Identity Theft, and Freign Tax Returns and IRS Rllvers and Pensin Rllvers Tax Extensin Frm 4868 that was filed with the IRS -(signed) Fr an individual wh was called up fr active duty r fr qualifying Natinal Guard duty during a war r ther military peratin r natinal emergency, in lieu f Frm 4868, we can accept a statement frm yu certifying that yu did nt file an incme tax return r a request fr a filing extensin because f that service. Cpy f the IRS apprval f the extensin beynd the 6 mnth extensin W-2 Frm(s) in 2016 r if self-emplyed, a signed statement certifying the 2016 AGI and tax paid. Verificatin f Nn-filing Letter (cnfirmatin that the tax return has nt yet been filed) frm the IRS r ther relevant tax authrity dated n r after Octber 1, See directins under Nn-Tax Filer. Identity Theft Tax Return Database View (TRDBV) Transcript (2016)- btained frm the IRS by calling Statement signed and dated by the tax filer indicating that they were victims f IRS Tax-related identity theft and that the IRS has been made f aware f the tax-related identity theft. Amended Returns IRS Frm 1040X (signed) frm 2016 AND Pull yur 2016 tax data int yur FAFSA by using the IRS Data Retrieval Tl (directins n page 1) AND IRS Tax Return Transcript frm 2016 that includes infrmatin frm the riginal OR Any ther IRS Transcript that includes all incme and tax infrmatin frm the riginal tax return Freign Tax Returns/Puert Ric, Nrthern Mariana Islands, Guam, American Sama, r U.S. Virgin Islands Tax Returns Transcript frm relevant taxing authrity listing tax accunt infrmatin fr the tax year, if transcript can be btained at n cst. Otherwise, a cpy f tax return filed with taxing authrity. IRA Rllvers and Pensin Rllvers with IRS DRT Prvide the fllwing t if yu d have an Untaxed IRA and/r Pensin Rllver. A written ntice/request fr crrectin t yur FAFSA Untaxed IRA and/r Pensin Rllver; A cpy f Page 1 f yur Federal 2016 IRS Federal Incme Tax Return; A cpy f IRS Frm 1099-R fr all IRA r Pensin distributins. NON-TAX FILER DIRECTIONS: NEW REQUIREMENT FOR NON-TAX FILERS in IRS VERIFICATION OF NON FILING 2016 TAX YEAR: IRS Verificatin fr nn-tax filers can be btained by requesting an IRS Verificatin f Nn-filing Letter frm the IRS. This letter prvides prf that the IRS has n recrd f a filed Frm 1040, 1040A, r 1040EZ fr the 2016 tax year. The IRS Verificatin f Nn-Filing Letter is a requirement fr all independent students and their spuses (if applicable) as indicated n the FAFSA, alng with Parents f Dependent Students. Please als submit cpies f yur 2016 W2s if yu did nt and were nt required t file a tax return in IRS VERIFICATION OF NON-FILING LETTER 2016 TAX YEAR: requirement fr all independent students and their spuses (if applicable) as indicated n the FAFSA, alng with Parents f Dependent Students. Online Request: Fllw this link and chse Get Transcript Online r Get Transcript by Mail Be sure t request the Verificatin f Nn-filing Letter fr Tax Year IRS2G App: Yu may dwnlad the app at either f the fllwing: Apple Stre Ggle Play Telephne Request: Call t request an IRS Verificatin f Nn-filing Letter and then enter "2016". Paper Request Frm: IRS Frm 4506T-EZ r IRS Frm 4506-T. Sign and submit the IRS Verificatin f Nn-filing Letter t Sacred Heart University; make sure t include the student s name and Sacred Heart ID number n the letter. Submit All 2016 W-2 frms If the student/parent will nt file and is nt required t file a 2016 incme tax return with the IRS, we will require yu t submit cpies f all f yur 2016 W-2 Frms. A Scial Security Number, an Individual Taxpayer Identificatin Number, r an Emplyer Identificatin Number is required t btain a verificatin f nn-filing frm the IRS. If yu fall int this categry, please be sure t cmplete sectin C. DIRECTIONS PAGE 2

3 Verificatin Wrksheet- V1 A. STUDENT VERIFICATION: Student s Last Name Student s First Name Student s M.I. Student s ID Number Student s Street Address (include apt. n.) Student s Date f Birth City State Zip Cde Student s Address Student s Hme Phne Number (include area cde) Student s Alternate r Cell Phne Number B. FAMILY HOUSEHOLD VERIFICATION: If yu are a dependent student: Include yurself. Include yur parent(s): If yur parents are divrced, list the parent yu lived with the mst during the last 12 mnths. If yu did nt live with ne parent mre than the ther, indicate the parent wh prvided mre than half f yur supprt during the last twelve mnths. If yur parent is remarried, include step-parent. If yur parents are unmarried but live tgether, list Parent #1 and Parent #2. Include any ther children f yur parent(s), if yur parents prvide mre than half f their supprt between July 1, 2018 and June 30, 2019 r if the children wuld be required t prvide parental infrmatin if they were cmpleting a FAFSA. Include ther dependents, if they nw live with yur parent(s) and yur parent(s) will cntinue t prvide mre than half f their supprt thrugh June 30, If yu are an independent student: Include yurself. Include yur spuse, if yu are married. Include yur children r yur spuse s children if yu r yur spuse will prvide mre than half f their supprt between July 1, 2018 and June 30, 2019, even if the children d nt live with yu. Include ther dependents, if they nw live with yu and yu r yur spuse will cntinue t prvide mre than half f their supprt thrugh June 30, Full Name: Write first and last name f husehld member. Age: Write the age f each family member in the chart belw. Relatinship: Write the Relatinship f each family member t the student in the chart belw. Cllege: Add the name f the cllege fr any husehld member wh will be enrlled in a degree, diplma, r certificate prgram at an eligible pstsecndary educatinal institutin at least half-time any time between July 1, 2018 and June 30, 2019, excluding yur parents. Full Name Age Relatinship Cllege attending in Self Sacred Heart University Will be Enrlled at Least Half Time (Yes r N) 1

4 Verificatin Wrksheet- V1 C. INCOME VERIFICATION: TAX RETURN FILERS - If yu d nt r cannt use the IRS Data Retrieval tl then yu must submit a 2016 IRS Tax Return Transcript. NON-FILERS - Cmplete this sectin if the student/parent will nt file and is nt required t file a 2016 incme tax return with the IRS. List belw surce(s) and ALL incme received in 2016 Submit W-2 frms. If student r parent earned cash nly, n W-2 frm is required (hwever indicate cash then). Use anther wrksheet if needed. Cmplete the chart belw: Check the bx(es) fr thse peple wh did nt and are nt required t file a 2016 Federal Tax Return. Yu Yur Father Yur Mther Surce f Incme/Supprt Student Amunt Father Amunt Mther Amunt Submit IRS Verificatin f Nn-filing Letter (directins n page 2) If yu (independent students nly) r yur parent(s) (if applicable) d nt have a valid SSN, an Individual Tax Identificatin Number, r an Emplyer Identificatin Number yu are nt eligible t request an IRS Verificatin f Nn-filing Letter. Instead, please list belw the name(s) f the individual(s): Nte: Individuals wh submit W-2s that ttal a grss incme that equals r exceeds the IRS tax filing threshld must file an incme tax return befre the student is eligible t receive Title IV aid. These Individuals may have t then request a Scial Security Number, an Individual Taxpayer Identificatin Number, r an Emplyer Identificatin Number. 2

5 Verificatin Wrksheet- V1 D. CERTIFICATION AND SIGNATURES VERIFICATION: Each persn signing this wrksheet certifies that all f the infrmatin reprted n it is cmplete and crrect. The student and ne parent must sign and date. WARNING: If yu purpsely give false r misleading infrmatin n this wrksheet, yu may be fined, be sentenced t jail, r bth. Nte: if any infrmatin n this frm is left blank it will be cnsidered zer r nt applicable. Student s Signature Date Parent s r Spuse s Signature Date If there are differences between yur applicatin and the dcuments yu've submitted, crrectins may be needed. We cannt prcess yur federal aid until verificatin has been cmpleted. Please prvide the required dcumentatin within 15 days f starting schl r the start f yur next academic year as applicable. Please submit the last 3 pages f this Verificatin Wrksheet, alng with yur Tax Transcripts (tax filers nly-if applicable), IRS Verificatin f Nn-filing Letter (independent students and their spuse s / dependent parent(s) nn-tax filers nly) and W2s (all nn-tax filers nly) t: This dcument may be submitted ONLY via regular mail, secure fax, r in persn as it cntains persnally identifiable infrmatin. Submit this wrksheet t the Office f Student Financial Assistance 5151 Park Avenue, Fairfield, CT (phne) (secure fax) 3