IRS Data Retrieval
IRS Data Retrieval Tool Flash Video Tutorial, please click here
What is the IRS Data Retrieval?
IRS Data Retrieval is a system that links your FAFSA with your filed federal tax information through the IRS.
How does it work?
Beginning in February following the tax year in question a student is able to update their already filed FAFSA with the IRS Data Retrieval by linking to their federal taxes and pulling the information into the required FAFSA fields.
When should I use the IRS Data Retrieval?
You must file taxes before using the IRS Data Retrieval Tool. If you file electronically, you must wait at least 2 weeks prior to using the IRS Data Retrieval process. If filing by mail you must wait 6-8 weeks.
Do I have to update my FAFSA with the IRS Data Retrieval?
No, you are not required to use the IRS Data Retrieval process. FAFSA’s updated through the IRS Data Retrieval system will be less likely to be selected for Verification. Students that link their FAFSA to the IRS system will have automatically fulfilled most verification criteria.
What if I don’t use the system and am selected for Verification?
You must provide specific documents to the Financial Aid Office. If you are selected for verification and do not use the IRS Data Retrieval Tool successfully, documents you will need to submit for verification include a verification worksheet, an IRS Tax Return Transcript from the IRS (This will mean the individual will need to contact the IRS to request this form to provide to the Financial Aid Office), W-2′s, Schedule C and Schedule F if applicable. Depending on circumstances other documents may be required.
You may order your IRS Tax Return Transcripts by calling (800)908-9946 or ordering online at www.irs.gov