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No matter how you complete your taxes -- electronically, paper, or through
a tax preparer-- you need to get and keep a copy of your 2007 tax forms!
Every year, hundreds of
financial aid recipients are selected for "verification" and are required
to submit federal tax returns and W2s to financial aid offices.
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What We See
Far Too Often
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Individuals used a tax
preparer who only provided a summary of the tax forms. |
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Electronic tax filers
choose not to print out a hard copy of taxes return |
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Individuals who had
copies of taxes can no longer find them when needed |
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Spouses divorce and only
one spouse has the copy of the taxes. |
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Individuals had more
than one employer during the year, but they can't find all of the
W2s |
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No Tax Forms Can Cause
Financial Aid Processing to be Delayed by Weeks
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If a financial aid recipient
is selected for verification, processing their application stops until
all federal tax returns, schedules and W2s for the past tax year are
submitted. |
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Individuals frequently need
to submit a written form to the IRS requesting a copy of their tax
transcript and W2s. It can take 6-10 weeks for the transcript to be
sent to Boise State. |
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Families need to return to
the tax preparer to request a hard copy of the actual tax returns.
Often the tax preparer closes their office after the tax season is
over. |
You will thank us later if
you heed our advice now!
Submit tax documents only
when you are requested to do so by Financial Aid To Do items or
instructions on a form requires taxes be attached.
2.8.2008
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