Filling out financial aid paperwork just got easier — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Filling out financial aid paperwork just got easier

Get PDF file

by on
in Small Business Tax

It soon will become simpler to provide tax return information requested on financial aid applications.

The IRS plans to set up a new system where you will be able to visit a secure web page, verify your identity and then retrieve the essential info needed—such as your adjusted gross income (AGI) for the prior year—in order to complete college loan applications, scholarship forms and other types of financial arrangements. The IRS hopes to have the system up and running next year.

Selfish motive: This should reduce the number of phone calls to the IRS from applicants during the busy tax return season.

Related Articles...

Leave a Comment

Previous post:

Next post: