If you want to begin exploring your financial aid options and get an early start on the financial aid process, FAFSA4caster is for you! By using FAFSA4caster, you and your family will receive an early estimate of eligibility for federal student aid. Please click here to navigate to FAFSA4caster.
Once your FAFSA is processed by the Central Processing System, you will have access to a Student Aid Report (SAR), either through an online summary of the online application process, or through a printed document mailed to you. It's important that you check your SAR for accuracy and respond to any comment or notices posted by the federal processor on the SAR. Once FAMU has your valid FAFSA data and you have been officially admitted to the university, we will notify you of your eligibility for aid. Please respond to all correspondence and/or telephone call (s) from our office concerning your financial aid eligibility status. Due to a high volume of calls, we encourage you to review your iRattler account periodically.
FAMU will notify you if any additional documents are required for completion of your financial aid application. Remember to make copies of any documents prior to submission. All documents must be signed, mailed and/or dropped off to the Office of Financial Aid. Additionally, the Office of Financial Aid will no longer accept faxed copies of required documents.
IRS DATA RETRIEVAL TOOL AND TAX TRANSCRIPT INSTRUCTIONS
The FAFSA on the Web includes an option for applicants to pull IRS data directly into their FAFSA. Applicants who are eligible to use the IRS Data Retrieval process are linked to an IRS Web site from FAFSA on the Web. This enhancement saves you the time previously required to find the required information on your tax returns and ensures accuracy of reporting.
If you are unable or choose not to utilize the IRS Data Retrieval Tool, complete the FAFSA to the best of your ability using your 2015 tax return(s) or other financial documents. If you initially filed the FAFSA before your tax returns were completed or before the data was available through the FAFSA, you can login and retrieve the actual IRS data and submit a correction to the FAFSA which will in turn be sent to the Office of Financial Aid.
If a student is selected for a process called “Verification” and the student and/or parent was unable to use the IRS Data Retrieval Tool, an IRS Tax Transcript must be submitted to the Office of Financial Aid.
To request a copy of the Tax Return Transcript please utilize one of the options below:
1. Online at www.irs.gov by selection “Order a Return or Account Transcript”
a. Enter requested information and select “continue”
b. Make sure to order a “Tax Return Transcript” NOT a “Tax Account Transcript” (The "Tax Return Transcript" provides most line items from your original return. The "Tax Account Transcript" provides basic info, including marital status, type of return filed, AGI, taxable income, and later adjustments, if any).
2. Over the phone (automated) at 1-800-908-9946
a. Enter information as prompted
b. Make sure to order a “Tax Return Transcript” NOT a “ Tax Account Transcript” (The "Tax Return Transcript" provides most line items from your original return. The "Tax Account Transcript" provides basic info, including marital status, type of return filed, AGI, taxable income, and later adjustments, if any).
3. Complete IRS Form 4506T-EZ (found at www.irs.gov by searching 4506T-EZ) and mail/fax to the appropriate IRS office for processing by following the instructions on the 2nd page of the form
TAX FILERS WITH SPECIAL CIRCUMSTANCES
A victim of IRS identity theft who has been unable to obtain a 2015 IRS Tax Return Transcript or use the IRS DRT must provide a signed copy of the 2015 paper IRS income tax return that was filed with the IRS and a signed copy of IRS Form 14039 “Identity Theft Affidavit” if one was submitted to the IRS. If the individual did not keep a copy of Form 14039 or the IRS did not require him or her to submit one, he or she may provide one of the following:
• A statement signed and dated by the individual indicating that he or she was a victim of IRS identity theft and that the IRS is investigating the matter. The statement must also indicate that the individual submitted a Form 14039 to the IRS, but did not keep a copy of it or that he or she was not required to file the form; - OR -
• A copy of a police report if it was filed related to the IRS identify theft.
If an individual filed an amended IRS income tax return for tax year 2015, provide BOTH of the following:
• An IRS Tax Return Transcript (signature not required) for the 2015 tax year
• A signed copy of the 2015 IRS Form 1040X, “Amended U.S. Individual Income Tax Return,” that was filed with the IRS.
Foreign Tax Returns
For individuals who filed foreign returns, the applicant must submit a signed copy of the foreign returns or other information listing similar income and tax information, converted to US dollars. If the individual is not required to file taxes under the nation’s process, the applicant should submit a signed statement certifying income and taxes paid, if any, for the period of January 1, 2016 to December 31, 2016.
US Territory or Commonwealth Tax ReturnsIf an individual filed or will file a 2015 income tax return with Puerto Rico, another U.S. territory (e.g., Guam, American Samoa, the U.S. Virgin Islands, the Northern Marianas Islands), or with a foreign country, provide a signed copy of that 2015 income tax return(s).