Get the free 2016-2017 Verification Worksheet V5 - macc.edu

20162017 Verification Worksheets V5 Students Name: Student ID# You are receiving this form because your Free Application for Federal Student Aid (FAFSA) was selected for this additional process to

How to fill out 2016-2017 verification worksheet v5

How to fill out the 2016-2017 verification worksheet v5:

1. Start by gathering all the necessary documents required to complete the worksheet. These documents may include your and your parents' federal tax return transcripts, W-2 forms, and other financial information.
2. Carefully read the instructions provided on the verification worksheet v5. Make sure you understand each section and what information is required.
3. Begin filling out the worksheet by entering your personal information, such as your name, social security number, and contact details.
4. Move on to the household information section. Provide accurate details about the people living in your household, including their names, relationship to you, and their school enrollment status. If applicable, provide the total number of family members enrolled in college.
5. Next, you will need to complete the untaxed income section. This includes any income that is not listed on your or your parents' tax return, such as child support, untaxed portions of pensions, or veterans’ non-education benefits. Provide the requested information for each source of untaxed income.
6. Proceed to the tax and income information section. Fill in the required details about your and your parents' income, adjusted gross income, taxes paid, and other relevant financial information from the tax return transcripts or W-2 forms.
7. If you or your parents did not file a tax return, you will need to complete the nonfiling statement section. Provide any necessary explanations and provide the requested information, if applicable.
8. Lastly, review the completed worksheet for any errors or omissions. Make sure all sections are filled out accurately and completely.
9. Sign and date the worksheet, and if required, have your parents sign and date it as well.
10. Keep a copy of the completed worksheet for your records and submit the original document to the appropriate financial aid office.

Who needs the 2016-2017 verification worksheet v5:

1. Students who have been selected for verification by the U.S. Department of Education or the college/university financial aid office will need to complete the verification worksheet v5.
2. The worksheet is designed to gather accurate information about the student's and their parents' financial situation to verify the accuracy of the information provided on the Free Application for Federal Student Aid (FAFSA).
3. The verification process helps ensure that eligible students receive the appropriate amount of federal financial aid, such as grants, loans, or work-study.

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