<p>My school's Financial Aid at last minute, a few weeks before next semester will start, all of a sudden needs a tax transcript within 2 weeks. I can't get it. I mailed my taxes in, there is nothing I can get online quickly.
If they needed this I'm not sure why they didn't let me know months ago. Is there a way to give them my tax return? They won't take it. My other university did before way back.</p>
<p>Not sure, but I think the tax transcript requirement is a pretty new thing since they instituted the interface between the IRS and FAFSA. That’s probably why you did not run into it before, but many schools are requiring it now. You can order it online from the IRS here
[Order</a> a Transcript](<a href=“http://www.irs.gov/Individuals/Order-a-Transcript]Order”>Get Transcript | Internal Revenue Service)</p>
<p>I was able to get a tax transcript at our local IRS office. Use the office locator on the irs.gov website to find the one nearest you. The office is first-come-first-served, and there was quite a line so it took about an hour of waiting at the office. However, once it was my turn, the agent printed an official tax transcript immediately. I made copies and mailed that to several schools, and it was accepted with no problems. It looked exactly like the one my son received for his tax return from his online order.
I know they required photo i.d. (driver’s license) and our social security numbers. I don’t remember whether I had to give any info from the return, but it might be wise to take a copy of your return with you, just in case.
We used the online order no less than 3 times to request a transcript and never received one by mail, so I would not count on getting it that way if you only have a short time.</p>
<p>I did not know anything about a tax transcript before this summer, and I did accounting in the 80s, so don’t feel bad. This is like the difference between your report card and your transcript, with your 1040 being the report card and the transcript showing the whole picture from administration’s side. </p>
<p>I was able to get them mailed (using the link in an earlier post) and received them within two weeks. MOM2TX has a much faster surer method though.</p>
<p>If you have a local office, it’s a great option - but the transcript has to be requested by the filer - so if it is for your parent’s return, one of them would need to get it in person.</p>
<p>Try calling the IRS directly. They may be able to fax you one right away as long as your tax return has been filed and accepted. They faxed me one instantly.</p>
<p>it’s a good idea, thanks.
The school could have told me earlier.</p>
<p>Is there any other online college which you can apply to at last minute rolling basis?</p>
<p>First of all, you knew last fall that your file was under verification review. You still have not completed verification?? The fact that you did not attend in fall does not mean your verification requirement went away … but because you did not attend, the school stopped verifying you (there is no reason to complete verification of a non-student — you would have needed to keep in touch in order for them to continue processing your file). The federal government has recently become very picky about requiring the automatic tax transfer or the tax transcript. It is possible that, had you completed verification last fall, you might not have needed it … but because you did not, you have to comply with the latest policies. </p>
<p>The fastest way to fix the situation is to go to [Home</a> - FAFSA on the Web-Federal Student Aid](<a href=“http://www.fafsa.gov%5DHome”>http://www.fafsa.gov). On the right-hand side, under the large box, you will see in blue the underlined words: IRS Data Retrieval Tool. You can use this to transfer your data from the IRS website directly to your FAFSA. Once you do this, let the financial aid office know - they will watch for the new transaction & will accept that in lieu of a tax transcript (as long as you do not change the info once it has been transferred to your FAFSA). Don’t forget to sign with your PIN - if you are a dependent student, your parents will also need to transfer their tax info - and even if they didn’t file, they have to sign your FAFSA with a parent PIN (that is, if you are dependent). Try this. Does it work???</p>
<p>I don’t think I can get in for the spring.</p>
<p>I could do it today online but I didn’t e-file.</p>
<p>
</p>
<p>You filed the return delinquent (after 10/15)? Yeah, the IRS says 6-8 weeks to process that return to the point where they’ll produce a transcript. Assuming you don’t fall into one of the IDRT holes (married filing separate, for instance), that might be a little faster.</p>
<p>ETA: IDRT works fine for paper returns. It just takes a couple weeks longer.</p>
<p>Thanks. Will see.</p>
<p>I asked the school if they would accept a copy, from an IRS Office in person? They ignored me didn’t write back.</p>
<p>As noted upthread, it takes several weeks for the IRS to process a return. Until then you cannot get a copy - not using the IRS data retrieval tool, not by filing a request online, and not by going to your local IRS office.</p>
<p>The lesson here is that if you need financial aid, then your tax return has to be filed in a timely fashion. Sure, the iRS will let you file until October 15 . . . but that doesn’t mean your school will accept that. The schools have deadlines for submitting financial aid data . . . and if you don’t meet them, you don’t get financial aid.</p>
<p>No, you can’t e-file now, and even if you could it would still take 2 weeks for your return to be processed. It is not instantaneously processed once it hits their computer. If you file by mail, someone at the IRS will manually enter the information from your return into their computer, and then it will be processed the same as if you had e-filed. The problem is not that you mailed your return in, but that you waited this long. Your tax return was due in April, and even if you had an extension, it was due in October. You neglected to file your return on time, so now you are stuck.</p>
<p>Perhaps the most important question at this point is why you didn’t file on time. Were you not required to file? If you were not required to file, because your income didn’t meet the filing requirements (regardless of whether you were due a refund), contract the school, and tell them as much. Give them a copy of you income document (W2 from your employer, 1099s from your banks, etc). There is no tax transcript for someone who doesn’t have to file, and they can’t require one - but they can verify income.</p>
<p>The other things you can ask for from the IRS is an account transcript, as opposed to a return transcript. The account transcript will show everything that was reported to the IRS (to show there were not other W2 or 1099 documents you’re not showing the school).</p>
<p>This is not a problem created by either the school or the IRS. You didn’t follow through on your obligations, and now you’re stuck.</p>
<p>I don’t think the account transcript will work, because receiving federal aid is dependent on filing taxes if required to do so. Because the student did not file a return, there will be no aid … until he/she can prove a return was filed. The IRS retrieval tool can be used even if the return was not e-filed; it just takes longer after filing than it does to be able to retrieve an e-filed return. I did not realize when I posted that the OP had not file a return on time. The late return is the problem.</p>
<p>Even if you find another school, please understand that once you are selected for verification, ALL schools are required to verify your info before you can get aid. You will have the same problem with the tax transcript at any other school.</p>
<p>Kelsmom, would the account transcript work if the student wasn’t actually required to file a tax return? It sounds like maybe the student filed so late because initially they did not file a tax return at all because they didn’t have enough income for it to be required, and then just filed now in order to try to get the needed tax transcript.</p>
<p>You must all me moms.</p>
<p>I can get the transcript as needed but not in the next 2 weeks! THe school gave me very short notice so I can’t even go.</p>
<p>apples, were you required to file taxes based on your income, and if so why did you do it so late?</p>