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Verification

If your application is selected for a process called verification, BSU will be comparing information from your application with the actual information from you and your parent(s)' federal taxes, and other financial documents. 

Federal regulations state that we have the right to ask you for this information before awarding federal aid.  If there are differences between your application information and your financial documents, correction will need to be made electronically by the student or the BSU Office of Financial Aid.

Complete the required verification form below and submit it to your financial aid administrator as soon as possible, so that your financial aid will not be delayed.  If you need assistance contact the Office of Financial Aid.

2014–2015

Personal copies of Federal Tax Returns can no longer be accepted.

Students and parents who have filed or completed their 2013 Federal Income Tax Return prior to completing the FAFSA will be able to select the IRS Data Retrieval option on the Free Application for Federal Student Aid (FAFSA) to transfer certain tax information to the FAFSA beginning February 1, 2014.

Bowie State University highly recommends the use of the IRS Data Retrieval option during the initial filing or when subsequent corrections are made to your 2014-2015 FAFSA. This option provides the fastest, easiest and most secure solution for meeting certain verification requirements.Applicants who will not have their Federal Tax Returns completed by the FAFSA priority application deadline of March 1, 2014 can use “estimated income” information on the initial FAFSA and return to FAFSA on the Web for corrections once their tax returns are completed.

How It Works

When a parent or student selects the IRS Data Retrieval option, the Central Processing System (CPS) will conduct a data match with the IRS. As the federal income tax filer, you will be redirected to a secure IRS website, where you will permit the IRS to transfer income data to the CPS. Data that is successfully matched will be marked on the FAFSA with the following notation, “Transferred from the IRS.”

A successful match between CPS and the IRS will allow the financial aid office staff to forego the need for certain federal income tax return documents, as long as income data fields are not subsequently changed on your FAFSA.

This process avoids reporting errors and processing delays that can otherwise occur when the option is not selected. Please note that you may still be required to supply other income information as part of the general verification process.

To successfully use this option you must:

  • Have a federal tax return filed with the IRS.
  • Have a valid social security number.
  • Have a Federal Aid Personal Identification Number (PIN)

You will be unable to use this option if:

  • Your marital status changes after December 31, 2011.
  • You filed married filing separately.
  • You filed an amended return.
  • You filed a foreign tax return.
  • You completed a paper FAFSA.

If you indicate that your tax filing status as “Will File” on the FAFSA  because you had not filed a return yet, please remember to change this status to “Already Filed,” update all relevant income fields to your FAFSA, and select the IRS Data Retrieval option once you have actually submitted a federal income tax return to the IRS.

According to the IRS, electronically filed tax return information will be available online from the IRS site in 1-2 weeks after the return has been filed. Data from paper tax returns will be available in 6-8 weeks.

If your FAFSA is selected for verification, and you chose not to use this option or you changed the IRS data, you will be required to provide an IRS Tax Return Transcript to the Financial Aid Office.

2014–2015

 

Along with the completed verification form please submit the following if you and/or your parent(s) were unable to complete the IRS Data Retreival process:

  • Copy of your (student's) and your spouses' (if independent and married) 2013 IRS Federal Tax Transcript
  • Copy of your parents' (if dependent) 2013 IRS Federal Tax Transcript 

2013–2014

Along with the completed verification form please submit the following if you and/or your parent(s) were unable to complete the IRS Data Retreival process:

  • Copy of your (student's) and your spouses' (if independent and married) 2012 IRS Federal Tax Transcript
  • Copy of your parents' (if dependent) 2012 IRS Federal Tax Transcript 

You will need Acrobat Reader to view some of the forms.