Get the free 2017-2018 Independent Verification Worksheet
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The best way to verify income is by using the IRS Data Retrieval Tool IRS DRT that is part of FAFSA on the Web at FAFSA. Gov. In most cases no further documentation is needed to verify 2015 IRS income tax return information that was transferred into the student s FAFSA using the IRS DRT if that information was not changed. In most cases for electronic filers 2015 IRS income tax return information for the IRS DRT is available within 2 3 weeks after the 2015 electronic IRS income tax return has...
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How to fill out 2017-2018 independent verification worksheet
How to fill out 2017-2018 independent verification worksheet
01
Gather all necessary documentation such as tax return transcripts, W-2 forms, and other financial records.
02
Carefully read the instructions provided on the 2017-2018 independent verification worksheet.
03
Fill out the student information section accurately including name, Social Security Number, and contact information.
04
Complete the household information section by providing details about the number of people in the household, their relationship to the student, and their financial information.
05
Address the income information section by entering the student and parent (if applicable) income details.
06
Provide information regarding any untaxed income, benefits, or aid received by the student or parents.
07
Fill out the asset information section by listing any assets owned by the student and parents, such as savings accounts, investments, or real estate.
08
Answer all applicable questions and review the completed worksheet for any errors.
09
Sign and date the worksheet.
10
Submit the completed 2017-2018 independent verification worksheet to the appropriate institution or organization.
11
Keep a copy of the worksheet and all supporting documents for your records.
Who needs 2017-2018 independent verification worksheet?
01
Students who have been selected for verification by their educational institution.
02
Students who have applied for financial aid and have been notified of the requirement for verification.
03
Dependent students whose parents are unable to use the IRS Data Retrieval Tool.
04
Students who need to confirm the accuracy of their financial information provided on their FAFSA.
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What is independent verification worksheet?
Independent verification worksheet is a form used to verify the accuracy of financial information provided on a financial aid application.
Who is required to file independent verification worksheet?
Students who are selected for verification by the Department of Education are required to file an independent verification worksheet.
How to fill out independent verification worksheet?
The independent verification worksheet must be filled out by providing accurate and up-to-date financial information as requested on the form.
What is the purpose of independent verification worksheet?
The purpose of the independent verification worksheet is to ensure that the financial information provided on the financial aid application is accurate and complete.
What information must be reported on independent verification worksheet?
The independent verification worksheet may require information such as income, assets, and household size.
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