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IRS Helps Students With Financial Aid Process
IRS Helps Students with Financial Aid Process
The IRS recently reminded post-secondary school students of its data retrieval tool, which automatically transfers tax data from their federal tax returns directly to their Free Application for Federal Student Aid (FAFSA) form.
To use the tool, the taxpayer must have filed a federal 2011 tax return, have a valid Social Security number, and satisfy other requirements. Individuals who cannot use the tool may need to obtain an official transcript from the IRS. Transcripts are not available until the IRS has processed the related tax return.
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