General The Department developed this table for use with the 2016–2017 Suggested Verification Text provided as APPENDIX A to the Electronic Announcement dated November 18, 2015. Read the information below in conjunction with the 2016–2017 verification information provided in the and in . Use by an institution of the suggested text for a particular verification item fulfills the regulatory verification requirements; however institutions are not required to use the suggested text. Instead, institutions may, except for the Statement of Educational Purpose, develop and use their own text, forms, documents, statements, and certifications that are specific to the items required to be verified for a particular student or for a group of students. Institutions may have difficulty matching a parent’s IRS tax account information with the student because the last may be different. Therefore we recommend that institutions advise students to write the student’s name on their parent’s tax information prior to submitting it to the institution. Tracking Text Item Group Income Information for Tax Return Filers The suggested text, including information how the Verification of 2015 use of the FAFSA/IRS Data Retrieval Tool (IRS DRT), IRS Income Tax V1, V5, and V6 satisfies this verification requirement. Return Information for Student Tax Filers Verification of 2015 The suggested text, including information about how IRS Income Tax the use of the FAFSA/IRS Data Retrieval Tool (IRS DRT), V1, V5, and V6 Return Information satisfies this verification requirement. for Parent Tax Filers We present suggested text for the six other untaxed income items on the FAFSA, plus text to collect other Verification of Other income that may be available to the family. V6 Untaxed Income A student placed in Verification Tracking Group V6 must provide a copy of IRS Form W-2 for the student,
General The Department developed this table for use with the 2016–2017 Suggested Verification Text provided as APPENDIX A to the Electronic Announcement dated November 18, 2015. Read the information below in conjunction with the 2016–2017 verification information provided in the and in . Use by an institution of the suggested text for a particular verification item fulfills the regulatory verification requirements; however institutions are not required to use the suggested text. Instead, institutions may, except for the Statement of Educational Purpose, develop and use their own text, forms, documents, statements, and certifications that are specific to the items required to be verified for a particular student or for a group of students. Institutions may have difficulty matching a parent’s IRS tax account information with the student because the last may be different. Therefore we recommend that institutions advise students to write the student’s name on their parent’s tax information prior to submitting it to the institution. Tracking Group Text Item Income Information for Tax Return Filers V1, V5, and V6 Verification of 2015 IRS Income Tax Return Information for Student Tax Filers The suggested text, including information how the use of the FAFSA/IRS Data Retrieval Tool (IRS DRT), satisfies this verification requirement. V1, V5, and V6 Verification of 2015 IRS Income Tax Return Information for Parent Tax Filers The suggested text, including information about how the use of the FAFSA/IRS Data Retrieval Tool (IRS DRT), satisfies this verification requirement. V6 Verification of Other Untaxed Income We present suggested text for the six other untaxed income items on the FAFSA, plus text to collect other income that may be available to the family. A student placed in Verification Tracking Group V6 must provide a copy of IRS Form W-2 for the student,
VerificationSuggestedText1617AttachAPPENDIXBChartforTextBoxes.docx