edited by LDS Business College Financial Aid Office

FSA Presentation (ifap.ed.gov/presentations/attachments/24IRSDataRetrievalProcessinFAFSAontheWebV1.pdf)

Michele Brown, Director of Applicant Products and Customer Service

Marilyn LeBlanc, Director of Application Processing

Edited by Jessie Paige LDSBC Financial Aid Senior Specialist

What is the IRS Data Retrieval Tool?

How does it work?

Who can use it?

FAFSA and LDSBC Timeline

Federal Student Aid and the IRS have collaborated to develop a solution that simplifies FAFSA completion.

The IRS Data Retrieval Tool will allow FAFSA applicants to request and retrieve their income and tax data from the IRS.

Once the data is retrieved from the IRS, it can be transferred to the FAFSA.

www.fafsa.ed.gov

And creates a password…

…and enters parents’ information…

Students and Parents may use the IRS Data Retrieval Tool if they did not: file as Married Filing Separately file as Head of Household file an amended return file a Puerto Rican or foreign tax return

Student and Parent must link to the IRS separately.

If taxes were recently filed electronically within the past 2 week or by mail within the last 8 weeks, the tax information my not be available yet from the IRS.

If “Transfer Now” is selected, the IRS session will end and the applicant will return to the FAFSA.

Applicants must authenticate

their tax information with the IRS.

Initial and renewal FAFSA applicants and parents

Applicants and parents With a valid SSN and FSA Pin Who have completed a 2011 US Tax Return With no change in marital status since December 31, 2011

January February March April May June July August Sept. Oct. Nov. Dec. January February March April May June

Jan 1: 2012-13 FAFSA Available

Jan 5: IRS opens for filing 2011 taxes

Feb 5: IRS Data Retrieval Tool available

Sept 10: LDSBC Fall Classes Begin

Jan 7: LDSBC Winter Classes Begin

95 N 300 W, 2nd Floor

Salt Lake City, UT 84101

(801) 524-8111

finaid@ldsbc.edu

www.ldsbc.edu