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Latest from FSA: Statement on IRS Data Retrieval Tool

March 13, 2017

On Friday, FSA and the IRS released a statement about the IRS Data Retrieval Tool. The statement notes that the tool – found through FAFSA.gov – is currently unavailable and is expected to remain unavailable for “several weeks.” The statement notes that the tool has been taken down “as a precautionary step following concerns that information from the tool could potentially be misused by identity thieves.”

The statement stresses that this lack of availability does not affect students’ ability to apply for financial aid. The IRS recently shared details on getting IRS information for FAFSA usage in lieu of using the IRS Data Retrieval Tool. A portion of their instructions are included below:

Getting Your 2015 Tax Return Information For the 2016–17 and 2017–18 FAFSA

Applicants filing a 2016–17 or 2017–18 FAFSA must use data from their 2015 tax returns.

You should always retain a copy of your tax return, either electronically or on paper, and keep it in a secure place.

If you did not keep a copy of your tax return, here are some options:

  1. Access the tax software product you used to prepare and file your 2015 return.  You may be able to access your account to download/print a copy.
  2. Contact the tax preparer/provider who filed your 2015 return if you used a tax professional.
  3. Download your tax transcript (a summary) at Get Transcript Online.  Review the rigorous identity authentication requirements for Secure Access before attempting to register.
  4. Use Get Transcript by Mail and a transcript will be mailed to the address on your return within five to 10 days.
  5. Call our automated line at 800-908-9946 to order a transcript by mail.

If you filed an amended tax return, Form 1040X, you should use the adjusted gross income and earned income listed on your revised tax return.

Read the statement from FSA and the IRS. 

 

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