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Why do I need to submit a tax transcript and is it the same thing as a tax return?

Why do I need to submit a tax transcript and is it the same thing as a tax return?

No, EGSC cannot accept a 1040 or other tax form that you or the preparer completes. In order to properly verify your information, you must submit a tax return transcript from the IRS. This documentation is verified as accurate and federal law prohibits us from accepting any other documentation. You can however use the IRS data retrieval tool within the FAFSA and that will satisfy the tax transcript requirement of the verification process. If you choose not to, or for some reason cannot use the DRT, Click here to be redirected to the IRS tax transcript request page.

Last edited on December 19, 2018 by Victor Poole