I am trying to file documents for financial aid, the school requested a tax return transcript as well as several other documents. I submitted everything but the tax return transcript (because my family has to request through mail) and explained to the school that I would send it as soon as it arrived. However, now they have requested a tax transcript as well. Is this a different thing, or do I need to call the IRS and request another document. Any help is appreciated as I am very stressed and confused.
Your parents need to call IRS and request for Tax transcript for return.
Tax transcript is the same thing as tax return transcript. Usually most colleges allow you to submit it anytime before disbursement of the financial aid. You might be better off writing to your college and asking them more time.
If the college is asking for this…you will not receive a dime of need based aid until you get it submitted to them. Hoping you already ordered this tax transcript.
Thank you so much. Yes we requested it as soon as we realized we needed it, unfortunately the IRS isn’t quite as motivated to get it to us as I am to submit it. (not their fault, it seems like everything with the federal government takes ages these days).
And yes the college knows that it will be a little while before I am able to submit that document, they were very understanding when I contacted them.
You might have an IRS office nearby, have your parents call and see if they can pick up the tax transcript.
The FAFSA is available to file on October 1.
When you enter the income information you might be able to use the IRS data retrieval tool if parents filed a joint return in 2017.
If you can’t or don’t use the DRT then the school might require other proof of income. A tax transcript.
If you didn’t have income or didn’t file a tax return, the school might require a non filers verification letter from the IRS.
Tax transcripts come fast…less than a week. Just request them every year going forward.
Thank you guys. We are unable to use the DRT for some reason, possibly related to my dad’s job we aren’t sure, but every time my parents tried to use it for my older siblings it wouldn’t work. We requested it over a week ago so that’s good to know they typically come fast, hopefully it will be in my hands by monday. I’ll check to see if we have a nearby office if I don’t get it by then.