A 2012 Tax Return Transcript must be submitted with all Special Circumstance Forms.
IRS TAX RETURN TRANSCRIPT PROCESS
IMPORTANT: Tax Return Transcripts submitted on behalf of the student MUST have the student’s full name and Social Security Number or Student ID number clearly printed on the form before submitting it to our office.
A Tax Return transcript will not be available until at least two weeks after you have electronically submitted your federal income tax return. If you are NOT receiving a refund from the IRS, your tax return will NOT be processed until after April 15.
Tax filers can request a Tax Return Transcript from the Internal Revenue Service (IRS), free of charge, in one of the following ways:
- Online Request (preferred and the quickest method): Available on the IRS website at http://www.irs.gov.
- In the Online Services section of the homepage, click “Order a Tax Return or Account Transcript
- If you only filed an original return, click “Order a Transcript”, NOT the Account Transcript. If you filed an amended return (1040X) after your original return, submit a signed photocopy of the original 1040 and a signed photocopy of the amended 1040X tax return.
- Enter the tax filer’s Social Security Number for the person listed first on the tax return, date of birth, street address and zip code. Generally, this will be the address that was listed on the latest tax return filed and it must be entered exactly as written on your federal income tax return. For example, if you wrote 10th St West on your taxes, and enter Tenth Street W, your tax information may not be found.
- Click “continue”.
- In the Type of Transcript field select “Return Transcript” and in the Tax Year field, select “2012”.
- If successfully validated, tax filers can expect to receive a paper IRS Tax Return Transcript at the address included in their online request within approximately 10 business days from the time the online request was successfully transmitted to the IRS. This can vary depending on the time of year.
- Telephone Request: Available from the IRS by calling 1-800-908-9946.
- Tax filers must follow prompts to enter their Social Security Number for the person listed first on the tax return and the numbers in their street address. Generally, these will be the numbers of the street address that was listed on the latest tax return filed. However, if an address change has been completed through the U.S. Postal Service, the IRS may have the updated address on file
- Select “Option 2” to request the IRS Tax Return Transcript, and then enter “2012”.
- If successfully validated, tax filers can expect to receive a paper IRS Tax Return Transcript at the address that was used in their telephone request within approximately 10 business days from the time the online request was successfully transmitted to the IRS.
- Paper Request Form Download at http://www.irs.gov/pub/irs-pdf/f4506tez.pdf
- Complete lines 1 – 4, following the instructions on page 2 of the form. Note that line 3 should be the most current address as filed with the IRS. It is the address where the IRS Tax Return Transcript will be sent. If the address has recently changed, include the address listed on the latest tax return filed on Line 4. However, if an address change has been completed through the US Postal Service, the IRS may have the updated address on file. • Line 5 provides tax filers with the option to have their IRS Tax Return Transcript mailed directly to a third party by the IRS
- DO NOT have it sent directly to the college. Request that it be sent to you and write the student’s name and ID# on the tax return transcript. Some institutions may have difficulty matching a parent’s incoming IRS Tax Return Transcript to the aid applicant, as the two names may be different.
- On line 6, enter “year”.
- The tax filers (or spouse if requesting information from a joint tax return) must sign and date the form and enter their telephone number. Only one signature is required to request a transcript for a joint return.
- Mail or fax the completed IRS Form 4506T-EZ to the appropriate address (or FAX number) provided on page 2 of Form 4506T-EZ.
- Tax filers can expect to receive their transcript within 5 to 10 days from the time the IRS receives and processes their signed request.NOTE: Processing form 4506T-EZ means verifying/validating the information provided on the form. If any information does not match the IRS records, the IRS will notify the tax filer that it was not able to provide the transcript
- In Person: You may go to your local IRS Office to obtain your Tax Return Transcript.
- In Fargo, it is located in the Federal Building at 657 2nd Avenue North.
NOTE: Processing form 4506T-EZ means verifying/validating the information provided on the form. If any information does not match the IRS records, the IRS will notify the tax filer that it was not able to provide the transcript
All students who did not use the IRS Data Retrieval Tool when completing the FAFSA must first go through Verification when submitting a Special Circumstance From.
Verification is a process in which we collect certain documents and compare them to the information you provided on your FAFSA to confirm that everything was reported correctly. Upon receipt of your Special Circumstance Form, Student Financial Services will determine which forms/documents you must submit for Verification and we will email you a request along with further instructions. After Verification is completed, your Special Circumstance Form will be reviewed to determine whether there will be favorable changes to your financial aid award. (Note: Students who have already gone through the Verification process for the current year have met this requirement and do not have to be verified a second time).
Requests, communications and results are sent to the student’s NDSU email account.
For privacy and security reasons, all information is distributed through the student’s NDSU email account. Please check your email account regularly.
There is no guarantee of additional financial aid by submitting the Special Circumstance Form.
Depending on the changes made, we may be able to add or increase your Pell Grant or Direct Loan, or in some cases change part of your Unsubsidized Direct Loan to Subsidized, which would reduce the amount of interest that accrues. State aid, campus-based grants/ loans and scholarships are not awarded to students based on the Special Circumstance Form. In some cases, the student’s expected family contribution (EFC) drops significantly after the special circumstance evaluation, but due to loan limits and annual maximums, there may be no change to the actual financial aid award. .Also, if discrepancies are found when doing Verification, it’s possible that you may not only be denied an increase, but you may be liable to repay all or a portion of the aid you received previously.
There are deadlines.
The review, correction and revision process can take several weeks. Therefore, to allow adequate time for the various steps, there are deadlines for submission of the form. Please keep in mind that submission of the form by the dates below does not guarantee that the process will be completed before the end of your enrollment period.
Student attending fall semester only: November 8, 2013
Students attending fall & spring or spring only: April 11, 2014
Only 2012 paid medical/dental/vision expenses can be considered for the 2013-14 academic year.
Medical/dental/vision expenses not covered by insurance can only be included only if they have been PAID (not just incurred) in 2012 (January – December).
There is no income range/cut-off that determines whether you will receive additional financial aid.
If you’re wondering how much you/your parents’ income needs to be for it to be worthwhile to complete the loss/reduction of income section, it’s not possible to give you an exact figure. Eligibility depends on additional factors including your family size and assets. We use combined 2013 income for your parents if they are married. So if one parent had a reduction of income, but the other had an increase, you need to determine whether they will have an overall reduction in family income before you submit the form.
The form cannot be submitted online.
Signatures are required on the Special Circumstance Form so it cannot be submitted electronically. You must print and completethe form before submitting it to us via mail, fax or drop off. All contact information can be found at the bottom of page 4 of the form.
We are happy to answer your questions.
Should you have any questions regarding the completion of the Special Circumstance Form, please feel free to call Bison Connection at
1-866-924-8969 or 701-231-6200, or email brigit.sprenger@ndsu.edu. If you have any questions about Verification or completion of those forms, you may also contact Bison Connection at one of the numbers above, or email mary.gerardy@ndsu.edu.
