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Verification course

Verification course. ISFAA Winter Conference December 13, 2012. Today’s instructors. Sue Allmon, WGU Indiana Lori Love, UIndy. SYLLABUS Retrospective on 2012-2013 verification Spotlight on significant change Part I Updated guidance for 2012-2013 Prospective for 2013-2014 verification

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Verification course

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  1. Verification course ISFAA Winter Conference December 13, 2012

  2. Today’s instructors • Sue Allmon, WGU Indiana • Lori Love, UIndy

  3. SYLLABUS • Retrospective on 2012-2013 verification • Spotlight on significant change Part I • Updated guidance for 2012-2013 • Prospective for 2013-2014 verification • Spotlight on significant change Part II • Discussion board for 2013-2014 implementation Guiding Principles Federal Register Dear Colleague Letters Electronic Announcements Program Integrity Questions & Answers NASFAA News Verification Course 2012

  4. Retrospective on 2012-2013 Verification General requirements for selected applicants

  5. Verifiable Data Elements 2012-2013 • Household size • Number in college • Child support paid reported on FAFSA • Receipt of food stamp benefits (SNAP) • Certain information for tax filers • AGI • U.S. tax paid • Untaxed IRS Distributions • Untaxed pensions • Education credits • IRA Deductions • Tax-exempt interest • Income earned from work for nontax filers

  6. New to 2012-2013 Spotlight on significant change Part I Data Element Acceptable Documentation • Child support paid • Food stamps (SNAP) • Signature of person paying support • Amount paid per recipient • Name of each recipient • Signature (parent or independent student) • Received SNAP in 2010 or 2011

  7. New to 2012-2013 Spotlight on significant change Part I continued Data Element Acceptable Documentation • Income of nontax filer • Signed statement certifying not filed and not required to file for tax year • Sources and amounts of income earned • Copy of W2 for each source

  8. World of Tax Return Transcripts • Data elements for tax filer transferred by IRS Data Retrieval Tool (DRT) • DRT used – unchanged transfer – 02 IRS Request Flag • No additional tax information needed • Data elements for tax filer where DRT not used or information changed • Must obtain tax return transcript • May request by: • Online (www.irs.gov) • Telephone request at 1-800-908-9946 • Fax or mail form (4506T-EZ, 4506-T) • In person (local tax center) Spotlight on significant change Part I Did you know? P-Q&A: May also accept as proof of tax filer data elements Record of Account Transcript Return Transcript for Taxpayer (RTFTP) Source for verifying tax info reported

  9. Updated Verification Guidance 2012-2013

  10. Updated Verification Guidance 2012-2013 continued

  11. Updated Verification Guidance 2012-2013 continued

  12. Updated guidance Review Program Integrity – Q & A

  13. Prospective for 2013-2014 Verification General requirements for selected applicants

  14. Intro into world of Verification Tracking Groups 2013-2014 • V1 – Standard: Verifiable data elements from 2012-2013 for tax filers and nonfilers, child support paid, and SNAP. • V2 – SNAP: receipt of SNAP benefits only. • V3 – Child Support Paid: child support paid only. • V4 – Custom: Child support paid, SNAP, high school completion status, and identity/statement of educational purpose • V5 – Aggregate: all data elements in tracking groups V1 and V4.

  15. New to 2013-2014 Spotlight on significant change Part II Data Element or Process Acceptable Documentation or Explanation • Verification groups • High school completion status • Step towards customization • Documentation of high school diploma • Diploma or 8 semester transcript (includes graduation date) • GED • Homeschool credential • Academic transcript showing successful completion of 2 year program fully transferrable to a bachelor degree

  16. New to 2013-2014 Spotlight on significant change Part II continued Data Element or Process Acceptable Documentation or Explanation • Identity/statement of educational purpose • In-person: • School official must obtain government-issued photo id and signed statement of educational purpose • Date id was received • Name of school official • If not in-person: • Copy of government-issued photo id • Notarized statement of educational purpose signed by applicant

  17. New to 2013-2014 Spotlight on significant change Part II continued Data Element or Process Acceptable Documentation or Explanation • Verification tracking flag • Added field on ISIR: V1, V2, V3, V4, V5 • FAA Access to CPS online: Standard, SNAP, Child Support Paid, Custom, or Aggregate verification.

  18. Verification Resources via FSA • 6/18/10 NPRM (Pages 34825-34834) • http://www.ifap.ed.gov/fregisters/FR061810ProgramInteritylssuesNPRM.html • 10/29/10 Final Rule (Pages 66902-66913 and 66954-66958) • http://www.ifap.ed.gov/fregisters/FR102910Final.html • Federal Register Notice of Information To Be Verified for the 2012-2013 Award Year • http://www.ifap.ed.gov/fregisters/FR071311FAFSAInformation.html

  19. Verification Resources via FSA • GEN-11-13 and GEN-11-03 • http://www.ifap.ed.gov/dpcletters/GEN1113.html • http://www.ifap.ed.gov/dpcletters/GEN1103.html • Q&A on Program Integrity website: • http://www2.ed.gov/policy/highered/reg/hearulemaking/2009/verification.html • Sample 2012-2013 Verification Worksheets • http://www.ifap.ed.gov/eannouncements/020312SampleVerificationWorksheets1213.html

  20. Verification resources via fsa • FAFSA-IRS Tax Return Transcript Matrix • http://www.ifap.ed.gov/eannouncements/031612FAFSA1213VerificationIRSTaxReturnMatrix.html • 2012-2013 Application and Verification Guide • http://www.ifap.ed.gov/fsahandbook/attachments/1213AVG.pdf • GEN-12-7 – Acceptable Documentation for Income and Taxes • http://www.ifap.ed.gov/dpcletters/attachments/GEN1207.pdf

  21. Verification Resources via FSA • 2012-2013 Electronic Data Exchange (EDE) Technical Reference • http://www.ifap.ed.gov/edetechref/010612EDETechRef1213Jan12Update.html • 2012-2013 ISIR Guide • http://ifap.ed.gov/isirguide/attachments/1213ISIRGuideDec2011.pdf • Electronic Announcement on Acceptable Documentation Update for 2012-2013 Award Year Verification • http://ifap.ed.gov/eannouncements/110212AwardYrVerAcceptDocs.html

  22. Verification Resources via FSA • Electronic Announcement on Acceptable Documentation for Verification of 2011 IRS Information • http://www.ifap.ed.gov/eannouncements/072012AcceptableDocumentation4Verification2011IRSInfo.html • Electronic Announcement on Limited Circumstances When a Signed Copy of Tax Return or Other Documentation is Acceptable for Completing Verification • http://www.ifap.ed.gov/eannouncements/082112LimitedCircumstancesWhenSignedCopyofTaxReturnisAcceptable.html

  23. 2013-2014 Verification Resources via FSA • Federal Register notice published 7/12/2012 • Dear Colleague Letter GEN-12-11 • http://www.ifap.ed.gov/dpcletters/GEN1211.html • Electronic Announcement on Plans for 2013-2014 Verification Worksheets • http://ifap.ed.gov/eannouncements/110112Plansfor1314VerificationWorksheets.html

  24. Test your Knowledge Question: If a school receives both unaltered tax data (02 IRS Request Flag) and a tax return transcript from an applicant, is the school required to review the transcript? Answer: Yes. The school must review the transcript to ensure there is not discrepant information.

  25. Discussion Board 2012-2013 wrap-up 2013-2014 implementation

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