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Video instructions and help with filling out and completing irs transcript
Hello have you filed a FAFSA and are now looking for help with the IRS data retrieval process lift so you come to the right place this webinar will pra step-by-step overview of the process as well as some helpful hints in case you encounter some challenges along the way I'm Mya what happened from the finance authority of me and I'll be your host for today let's go ahead and get started today we'll be talking about what the IRS data retrieval process actually is who can and cannot use it we'll go through a demonstration with screenshots as to how the process works we'll talk about what happens if you can't use the IRS data retrieval tool and we'll close by talking a little bit about the verification process you might be a parent who completed the FAFSA a few years ago for an older student and thinks well what is this IRS data retrieval thing last time I did this we could simply make a copy of our tax return and submit it to the school we didn't have to do all of this well your memory serves you correct that is all you had to do a couple of years ago but now schools are requiring because of federal regulations that you use the IRS data retrieval tool or get a tax transcript to update your federal income tax information federal regulations have been requiring the information come directly from the IRS for the last two years IRS data retrieval was developed to make that process easy to use and I promise you despite what you might have heard it actually does work very well and an easy for most families what you're looking to do is once your taxes have been filed and the appropriate amount of time has passed you want to go back into the FAFSA and update your income information using the IRS data retrieval tool if possible that is strongly recommended applicants who do not use the IRS data retrieval tool may be required instead to obtain a tax transcript from the IRS obtaining the tax transcript is not difficult but it does require an extra step or two and sometimes is a little bit slower that delay can be challenging especially if you have a first year student and you're waiting to get award letters from schools in order to make a decision as to which school your student is going to attend so therefore if you can use the IRS data retrieval tool you will find that the process will go much easier much more smoothly and much more quickly so who can use this tool well the good news is is most people can you have to have a valid social security number you have to have file the 2012 federal tax return within the timeframes listed below we'll talk about those in just a moment and you have to have a pin the pin is