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Typically when these items are requested, we also request the Independent or Dependent Verification Worksheet. At the bottom of the form in the Tax Filing Status section, check the box that says you did not work, and we will remove the alert for the tax return transcript/IRS Data Retrieval Tool.
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We strongly recommend that students and parents have the tax return transcripts sent to their home and then provide the UMBC Office of Financial Aid and Scholarships with a copy.
Tax return transcripts sent directly from the IRS to UMBC cannot always be linked to the student’s file. Each page of the document should contain the student’s name and campus ID number.
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Please contact your Financial Aid Counselor for additional information.
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Please contact your Financial Aid Counselor for additional information.
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Page added by Cory Ziegenfuss
Please contact your Financial Aid Counselor for additional information.
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Yes, you may use the IRS Data Retrieval Tool if you are eligible to do so. You should go back into your FAFSA on the federal website www.fafsa.gov to update your application. Once completed, it can take up to 72 business hours for our office to receive your updated FAFSA. For more information about using the IRS Data Retrieval Tool, please visit: http://www.umbc.edu/financialaid/irs_data_retrieval.html.
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There are multiple reasons why the tax return transcript may not be available:
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You may order the tax return transcript from the IRS by visiting: http://www.irs.gov/Individuals/Order-a-Transcript, or by calling 1-800-908-9946.
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The tax account transcript is also a free document tax filers request from the IRS. Unlike the tax return transcript, the tax account transcript provides only basic data from your tax return form including: the marital status, the type of return filed (1040, 1040A, or 1040EZ), the adjusted gross income, and the taxable income. The tax account transcript also includes any adjustments made by the tax filer or the tax preparer.
The UMBC Office of Financial Aid and Scholarships will not accept the tax account transcript for verification purposes. Students and parents should submit the tax return transcript.
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The tax return is a form filed with the IRS that is used to determine an individual’s tax liability. Forms include the 1040, the 1040A, or the 1040EZ.
The tax return transcript is a document tax filers can request from the IRS that includes the information submitted on the tax return. It does not include any changes the tax filer or the tax preparer made after filing the original tax return.
The Department of Education (DOE) does not allow schools to accept the tax return (1040 form) for verification purposes. Students and parents should request the tax return transcript.
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