Get the free Dependency Status Verification Worksheet 2016-2017 - ferrum

Financial Aid Office Dependency Status Verification Worksheet 20162017 Name: ID# Dear Student: You have reported on your FAFSA (Free Application for Federal Student Aid) that you are currently in

How to fill out dependency status verification worksheet

1. Start by gathering all the necessary information: To correctly fill out the dependency status verification worksheet, you will need to have certain details on hand. These include the social security number, full name, and date of birth for both yourself and any individuals you are claiming as dependents.
2. Determine your dependency status: The first step in filling out the worksheet is to determine whether you can claim someone as a dependent. This will generally depend on factors such as their relationship to you, their income level, and whether they meet the criteria set by the IRS.
3. Complete Part 1 of the worksheet: Part 1 of the dependency status verification worksheet focuses on your personal information. Fill out this section with your name, social security number, and other requested details.
4. Provide information about your dependents: In Part 2 of the worksheet, you will need to provide information about each dependent you are claiming. This includes their full name, social security number, and relationship to you. You may also need to provide additional details, such as their date of birth and whether they lived with you for the entire year.
5. Determine the support test: Part 3 of the worksheet involves determining whether you provided more than half of your dependent's support during the year. You may need to gather information such as their income and expenses to accurately complete this section.
6. Complete the remaining sections: Depending on your specific circumstances, there may be additional sections in the dependency status verification worksheet that you need to complete. These could include information related to the child tax credit, earned income credit, or other applicable credits or deductions.

Who needs a dependency status verification worksheet?

The dependency status verification worksheet is typically required by individuals who are claiming dependents on their tax returns. This includes individuals who have children, relatives, or other individuals that they financially support and meet the IRS criteria for claiming as dependents. The worksheet helps the IRS determine the accuracy of the claimed dependents and ensures that individuals are eligible for any applicable tax benefits.

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What is dependency status verification worksheet?

The dependency status verification worksheet is a form used to determine a student's dependency status for financial aid purposes.

Who is required to file dependency status verification worksheet?

Students applying for financial aid are required to file the dependency status verification worksheet.

How to fill out dependency status verification worksheet?

The dependency status verification worksheet is filled out by providing information about the student's household and financial situation.

What is the purpose of dependency status verification worksheet?

The purpose of the dependency status verification worksheet is to verify the accuracy of the student's dependency status for financial aid eligibility.

What information must be reported on dependency status verification worksheet?

Information such as household size, income, and other financial details must be reported on the dependency status verification worksheet.