Monday, June 11, 2012

IRS Data Retrieval Codes

Another new element to the 2012-13 FAFSA is the way the IRS Data Retrieval informs the FA Administrator as to how the student used the IRS Data Retrieval system. Since the system was introduced in the 2009-10 award year, there have been codes printed on ISIRs that tell the FA Administrator how you used the system, but they have changed for the 2012-13 award year. Everytime there is a new transaction made on your FAFSA, a code is printed on it saying the status of your information that you entered. So, if you import your tax information and then you change it, the school will know. These codes (I believe) are printed only on the ISIR as opposed to the SAR.

These codes are as follows:

00 – Student/Parent was ineligible to use the IRS Data Retrieval Tool and was therefore not presented with the option to use it in FAFSA on the Web.

01 – Student/Parent was presented with the option to use the IRS Data Retrieval Tool in FAFSA on the Web and elected to use it, but did not transfer IRS data into the FAFSA.

02 – IRS data for the student/parent was transferred from the IRS and was not changed by the user prior to submission of an application or correction.

03 – IRS data for the student/parent was transferred from the IRS and changed by the user prior to submission of an application or correction.

04 – IRS data for the student/parent was transferred from the IRS and then changed by the user on a subsequent transaction.

05 – Student/Parent was presented with the option to use the IRS Data Retrieval Tool in FAFSA on the Web, but did not elect to use it.

06 – IRS data for the student/parent was transferred from the IRS, but a subsequent change made the student/parent ineligible to use the IRS Data Retrieval Tool.

Blank – IRS Data Retrieval Tool not available in the application method utilized by the student/parent (such as paper FAFSA or FAA Access).

No comments:

Post a Comment