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In past years, the IRS Data Retrieval Tool helped filers pull information from their tax return into the FAFSA, but the new process will be automatic and available to everyone, said Jill Desjean ...
The problem involves tax data transferred from the Internal Revenue Service and impacts “fewer than 20%” – or potentially about 1 million – of the FAFSA (Free Application for Federal ...
In previous years, it was optional to use the IRS Data Retrieval Tool. Now, if a contributor doesn't consent to having their information imported, the student will not be eligible for financial aid.
Two-year old US tax information is used to complete the financial sections of the FAFSA beginning with the 2017–2018 academic year. This change in using "prior-prior tax year" information enables families to use the IRS Data Retrieval Tool in the FAFSA to verify their tax information without a delay from the IRS processing tax information. [7]
The second difference is that because the system cannot retrieve IRS data for applicants without a SSN, tax information must be entered manually — a task that can be frustrating.
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An IRS investigation into Louisiana Governor and Senator Huey Long (pictured) launched by President Franklin D. Roosevelt has been cited as the first example of IRS political targeting. Use of the IRS for political targeting has been alleged as far back as the Franklin D. Roosevelt administration.
The college admissions process is usually stressful, but problems with a new FAFSA form have made this year even more chaotic. Here are the stories of three students and how the FAFSA problems are ...