IRS Data Retrieval
The best way to submit student and/or parent federal tax data is by using the IRS Data Retrieval Tool (IRS DRT) that is part of FAFSA on the Web at fafsa.gov. In most cases, no further documentation is needed to verify 2017 IRS income tax return information that was transferred into the student's FAFSA using the IRS DRT, if that information was not changed. Click IRS Data Retrieval Process for more information on the process.
IRS Tax Transcript
If the student or parent is unable or chooses not to use the IRS DRT in FAFSA on the Web, a 2017 IRS Tax Return Transcript(s) must be provided to the LMU Financial Aid Office (signature not required). Click IRS Tax Transcript for more information on the process.
Starting at the end of this month, the IRS will stop all faxing of tax transcripts, both individual and business. Private citizens, and third parties including tax professionals, will no longer be able to receive tax transcripts through the fax service. Individuals requesting their tax transcripts are recommended to use the IRS.gov “Get Transcript Online” or “Get Transcript by Mail” services.
Amended Tax Returns
An individual who filed an amended IRS income tax return for 2017 must provide a signed copy of the 2017 IRS form 1040X, “Amended U.S. Individual Income tax Return,” that was filed with the IRS or documentation from the IRS that includes the change(s) made by the IRS, in addition to one of the following:
- IRS DRT information on an ISIR record with all tax information from the original tax return; or
- A 2017 IRS Tax Return Transcript (that will only include information from the original tax return and does not have to be signed), or any other IRS tax transcript that includes all of the income and tax information required to be verified.