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This document is used to verify income exclusions reported in the FAFSA for the 2013-2014 academic year.
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How to fill out 2013-2014 income exclusion worksheet
How to fill out 2013-2014 Income Exclusion Worksheet
01
Obtain the 2013-2014 Income Exclusion Worksheet form from the IRS or related tax authority.
02
Begin with your personal information, including your name and taxpayer identification number.
03
Review the eligibility criteria for income exclusion based on your situation.
04
Gather all necessary documentation related to your income and exclusions.
05
Complete Section 1 by entering your total income for the specified period.
06
In Section 2, identify any types of income that are eligible for exclusion.
07
Subtract the eligible excluded income from your total income in Section 3 to determine your adjusted gross income.
08
Review your completed worksheet for accuracy before submission.
09
Submit the worksheet along with your tax return or as instructed by the IRS.
Who needs 2013-2014 Income Exclusion Worksheet?
01
Individuals who have income that may qualify for exclusion based on specific criteria for the tax year 2013-2014.
02
Persons who worked abroad and need to claim the income exclusion.
03
Taxpayers who qualify for certain tax benefits related to international income.
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What is 2013-2014 Income Exclusion Worksheet?
The 2013-2014 Income Exclusion Worksheet is a form used to determine the amount of income that can be excluded from consideration for federal student aid eligibility based on special circumstances, often related to specific financial situations or events.
Who is required to file 2013-2014 Income Exclusion Worksheet?
Individuals who have experienced significant changes in their financial situations in the 2013-2014 academic year, such as loss of employment, significant medical expenses, or other major financial adjustments, may be required to file the worksheet to have their financial aid eligibility reassessed.
How to fill out 2013-2014 Income Exclusion Worksheet?
To fill out the 2013-2014 Income Exclusion Worksheet, individuals need to provide accurate details about their income, any special circumstances impacting their financial status, and supporting documentation as required by the educational institution.
What is the purpose of 2013-2014 Income Exclusion Worksheet?
The purpose of the 2013-2014 Income Exclusion Worksheet is to allow students and their families to clarify and report any extenuating financial circumstances that may warrant an exclusion of certain income from the Expected Family Contribution (EFC) calculation for financial aid.
What information must be reported on 2013-2014 Income Exclusion Worksheet?
The worksheet must report information regarding income from various sources, any applicable exclusions, special circumstances affecting financial status, and possibly the income of family members if it impacts aid eligibility.
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