IRS Data Retrieval on FASFA
Avoid long lines use the IRS Data Retrieval on FASFA
The college will no longer be able to accept copies of your tax return for verification. You will need to submit a Tax Return Transcript to the Financial Aid office.
To learn more watch this helpful tutorial IRS Data Retrieval Tutorial created by the University of California at Santa Barbara
The federal government has introduced a change in the way you and your family reports information on your FAFSA. The U.S. Department of Education has partnered with the Internal Revenue Service to allow you and your parents to transfer your 2012 income information directly from IRS records to your online FASFA application.
To use the IRS Data Retrieval Tool you must
- Have a federal tax return filed with the IRS
- Have filed taxes with a valid social security number (not a tax payer ID)
- Have a Federal Aid Personal Identification Number (PIN)
Use the IRS Data Retrieval tool when completing your FAFSA and file your application with fewer mistakes.
If you are selected for the verification process and you use the IRS Data Retrieval Tool, the Financial Aid Office will waive the requirement to submit tax return transcripts.Other documentation must still be submitted, but you will no longer need to send your sensitive tax information through the mail.
Using the IRS Data Retrieval Tool
If you and/or your parent, if dependent, do not know your PIN, go to the PIN Website (www.pin.ed.gov) and "request a duplicate". If you do not have a PIN go to the PIN Website to "apply" for a PIN.
If information is found you will see the tax information displayed
Once back in your FAFSA account click next at the end of each page until you get to the signature page
Need an IRS Tax Return Transcript
Students selected for verification will now be required to submit Tax Return Transcripts. The Tax Return Transcript can be requested from the IRS online, over the phone, by mail or by fax.
IRS Tax Return Transcripts can be obtained in one of three ways:
Mail (Paper Request)
Students can expect to receive a tax return transcript within 5-10 days from the time the IRS receives and processes a signed request.
If any information does not match the IRS records, the IRS will inform the student if they are unable to provide a tax return transcript.