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Tax Relief Center
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We have recently become aware of companies and/or organizations who are calling people using the generic name "Tax Relief Center" for their phone solicitation activities. TaxReliefCenter.org does not make these automated calls to consumers and it is our policy not to engage in this form of marketing.If you have received such a call, please let us know by emailing [email protected] so that we may report this unauthorized activity.
Additionally, the IRS does not use email, text messages or social media to discuss tax debts or refunds with taxpayers. The IRS initiates most contacts with taxpayers through regular mail delivered by the U.S. Postal Service. There are special circumstances when they may reach out via phone regarding overdue tax bills or delinquencies, but almost always only after they’ve already sent a letter first.
UPDATE: Recently we have learned of instances where consumers are also getting automated calls regarding “unpaid taxes”. Do not respond to these calls as the IRS will typically send letters or notices via U.S. mail. So, if any company or organization calls claiming you have unpaid taxes, DO NOT respond to these unsolicited calls.

What Tax Forms Do You Need For FAFSA?

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“What tax forms do you need for FAFSA?” you may ask. The government crucially looks into a lot of information about all applicants of FAFSA (or the Free Application for Federal Student Aid). And this includes asking for an applicant’s (or their parents’) tax income details. Because of this, proper compliance with certain tax declaration rules is an assurance of getting admitted to the program. Here is some information you need to know about the FAFSA tax return requirements.

FAFSA Tax Return Requirements: What You Need to Know

 

What is FAFSA?

What is FAFSA? | What Tax Forms Do You Need For FAFSA?

First, what is this FAFSA all about? It is a program by the US Department of Education (ED) in which one can apply for financial help to pay for college or career school. This financial support covers school tuition and fees, and supplies needed for studying such as books. ED extends its assistance to cover other school-related expenditures such as boarding and transportation. The FAFSA program provides more than $120 billion-worth of assistance annually, either through grants or loans.

Do You Qualify For IRS Back Tax Relief? Take The Quiz Now!

Is Tax Declaration Needed?

Is Tax Declaration Needed? | What Tax Forms Do You Need For FAFSA?

The government needs a lot of information from applicants – including income tax payments. Income tax declaration (either by the student-applicant or by the parents supporting the applicant) is a crucial requirement for the awarding of financial aid packages. This is where the government base the type and amount of financial aid provided to applicants.

What Tax Declaration Is Required?

In the questionnaire provided by ED, applicants are asked if they have filed — or will be filing — one of the following tax return forms:

Form 1040 is the generic income tax return form. One needs to fill-out Form 1040A or Form 1040EZ if he:

  • earns less than $100,000 per year
  • does not itemize possible tax deductions

An applicant needs to attach an accomplished Form W-2 (Wage and Tax Statement) in all these necessary forms. If the tax was withheld, then an applicant should attach forms W-2G and 1099-R.

Do You Qualify For IRS Back Tax Relief? Take The Quiz Now!

What If There’s No 1040 Declaration?

What If There’s No 1040 Declaration? | What Tax Forms Do You Need For FAFSA?

There are instances wherein a student-applicant (or the parents supporting the applicant) is not required to file a tax return form. If this is the case, then the applicant should disclose this in the FAFSA form.

FAFSA application is also open for individuals in territories outside USA — Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, the Marshall Islands, the Federated States of Micronesia, and Palau. Since they are not required to fill out 1040 forms, the corresponding tax return forms in their areas should be declared.

 

Complying with these FAFSA tax return requirements is just one of the steps to apply for the program. Check out this video from The FAFSA Guru to know other application requirements, as well as secrets for getting the most financial aid possible:

The FAFSA tax return requirements are important documents in determining the financial assistance an applicant will be getting. More than just complying with these requirements, it is important that applicants truthfully accomplish their tax declarations to get a higher chance in the FAFSA program.

Have you already tried processing and submitting FAFSA tax return requirements? Share your experiences with us in the comments section below.

Up Next: Federal Income Tax Calculator: How to Estimate Your Taxes?