Milwaukee School of Engineering 2014
Milwaukee School of Engineering 2014-2015 Verification Worksheet Your 2014-2015 Free Application for Federal Student Aid (FAFSA) was selected for a review process called “Verification.” In this process, MSOE will compare the information you reported on the FAFSA to the documentation requested. Please submit all required documentation within two weeks of receiving this worksheet, if possible. MSOE is aware that accessing the IRS Data Retrieval Tool (IRS DRT) can sometimes take more than two weeks; however, your financial aid will not be determined and disbursed until verification requirements are completed. MSOE is required to review the requested information under 34 CFR, Part 668. What to do: 1. Complete steps 1 – 7 and sign the Verification Worksheet. Make sure to carefully read all instructions as errors can delay the processing of your financial aid. 2. Submit the completed worksheet along with copies of 2013 IRS Tax Return Transcripts (if requested- See Section 3) and any other documents to the MSOE Financial Aid Office. 1. Student Information Name: __________________________________________________________ Address: ________________________________________________________ City, State Zip:___________________________________________________ MSOE ID Number: _______________________ Date of Birth: ____________________________ Phone Number: ___________________________ 2. Family Information Write the names of all family members in the household. Dependent students should list their parents (including a stepparent if applicable) and their parents’ other dependents. Independent students should list their spouse and their dependents. Dependents are described as someone receiving more than 50% of support, or would be required to provide parental information when applying for Federal Student Aid. If you need more space, please attach a separate page. Full Name Age Relationship College Self Milwaukee School of Engineering 3. Tax Forms and Income Information All tax filers must submit a copy of their 2013 IRS Tax Return Transcript unless they have or will transfer their 2013 federal tax return information into the FAFSA using the IRS Data Retrieval Tool (IRS DRT). Please DO NOT submit copies of your 2013 Federal 1040, 1040A, or 1040EZ tax return, any IRS schedules (A, B, C, etc.) or state tax returns. STUDENT: PARENT(S): YES, I did file a 2013 federal tax return (choose one of the following): I HAVE USED the IRS DRT. I WILL USE the IRS DRT. See reverse side for directions on using the IRS DRT.* YES, I/we did file a 2013 federal tax return (choose one of the following): I/we HAVE USED the IRS DRT. I/we WILL USE the IRS DRT. See reverse side for directions on using the IRS DRT.* I am UNABLE TO OR CHOOSE NOT TO USE the IRS DRT and instead will provide the school a 2013 IRS Tax Return Transcript(s). See reverse side for directions on how to order a transcript.** NO, I did not file a 2013 federal tax return. If no, please submit all 2013 W-2 forms and other earnings statements. I FILED OR WILL FILE A TAX EXTENSION. Please submit a copy of IRS Form 4868 and all 2013 W-2 forms or earnings statements (or a statement of income verification, if self-employed). I/we are UNABLE OR CHOOSE NOT TO USE the IRS DRT and instead will provide the school a 2013 IRS Tax Return Transcript(s). See reverse side for directions on how to order a transcript.** NO, I did not file a 2013 federal tax return. If no, please submit all 2013 W-2 forms and other earnings statements. I FILED OR WILL FILE A TAX EXTENSION. Please submit a copy of IRS Form 4868 and all 2013 W-2 forms or earnings statements (or a statement of income verification, if self-employed). 4. Supplemental Nutrition Assistance Program (SNAP) Benefits Student/ Spouse Did you receive Food Stamp (SNAP) benefits in 2013? Yes No Parent(s) (if dependent) Did you receive Food Stamp (SNAP) benefits in 2013? (Continue on reverse side) Yes No 5. Child Support Paid Student/ Spouse Child support you paid because of divorce or separation or as a result of a legal requirement. Don't include support for children in your household, as reported above. Amount of child support paid during 2013: $ Name of the person to whom child support was paid: Name of the child (children) for whom the child support was paid: Parent(s) (if dependent) Child support your parent(s) paid because of divorce or separation or as a result of a legal requirement. Don't include support for children in your (or your parents') household, as reported above. Amount of child support paid during 2013: $ Name of the person to whom child support was paid: Name of the child (children) for whom the child support was paid: 6. Non-Reported and Untaxed Income 2013 Untaxed Income: Payments to tax-deferred pension and savings plans (paid directly or withheld from earnings), including, but not limited to, amounts reported on the W-2 form in Boxes 12a through 12d, codes D, E, F, G, H, and S. Child support received for any of your children. Don’t include foster care or adoption payments. Housing, food, and other living allowances paid to members of the military, clergy, and others (including cash payments and cash value of benefits). Don’t include the value of on-base military housing or the value of a basic military allowance for housing. Veterans noneducation benefits such as Disability, Death Pension, or Dependency & Indemnity Compensation (DIC), and/or VA Educational Work-Study allowances. Other untaxed income not reported, such as workers' compensation, disability, etc. Also include the untaxed portions of health savings accounts from IRS Form 1040-Line 25. Don’t include extended foster care benefits, student aid, earned income credit, additional child tax credit, welfare payments, untaxed Social Security benefits, Supplemental Security Income, Workforce Investment Act educational benefits, on-base military housing or a military housing allowance, combat pay, benefits from flexible spending arrangements, (e.g., cafeteria plans), foreign income exclusion, or credit for federal tax on special fuels. Money received, or paid on your behalf (e.g., bills), not reported elsewhere on this form. Student/Spouse Parent(s) $ $ $ $ $ $ $ $ $ $ $ $ XXXXXX 7. Certification By signing this worksheet, I (we) certify that all the information reported to qualify for federal student aid is complete and correct. Student’s Signature: __________________________________________ Date: _____________ Parent’s Signature: ___________________________________________ (Dependent Students only) Date: _____________ WARNING: If you purposely give false or misleading information on this worksheet, you may be fined, sentenced to jail or both. Directions for using the IRS Data Retrieval Tool or requesting a Tax Return Transcript *The IRS DRT is available in the “Financial Information” section of the student’s FAFSA. 4. If you filed taxes, confirm the tax filing status is “Already 1. Go to www.FAFSA.gov and select “Login.” Completed.” 2. Enter the student’s name, SSN and date of birth and select “Next.” 5. Answer a set of questions to determine your eligibility for using Then select “Make FAFSA Corrections.” the tool. (If you are eligible, a “Link To IRS” option will appear.) 3. Once you are logged in, go to the “Financial Information” section; 6. On the IRS website, after you enter and verify your information, the fifth tab on the top. you will need to select “Transfer Now” and return to the FAFSA. Once the IRS data for the student and/or parent is transferred to the FAFSA, select the “Sign & Submit” tab. The FAFSA must be signed electronically with the student’s and parent’s PINs and re-submitted for processing. **To obtain a 2013 IRS Tax Return Transcript online: 1. Go to http://www.irs.gov/Individuals/Get-Transcript and click on the “Get Transcript ONLINE” link. 2. Create an account and follow the prompts. 3. You will be asked your reasoning for requesting a transcript. You can indicate “Higher Education/Student Aid.” 4. Please select “2013” under the Return Transcript section. Please submit the transcript(s) to our office. It can be faxed to 414-277-6952 or emailed as a PDF to Finaid@msoe.edu You can also order a transcript by phone at 1-800-908-9946. Make sure to request the “IRS Tax Return Transcript” and not the “IRS Tax Account Transcript.” Lastly, you can mail a request by completing an IRS 4506-T form. If you have any trouble with this process, feel free to call MSOE’s Financial Aid Office for help. Milwaukee School of Engineering 1025 North Broadway Milwaukee, WI 53202-3109 (800) 778-7223 Fax: (414) 277-6952 www.msoe.edu finaid@msoe.edu
© Copyright 2024