All articles tagged with #tax data
Originally Published 5 months ago — by The Guardian
The IRS commissioner Billy Long was dismissed after a brief tenure due to conflicts with the White House over sharing taxpayer data to locate undocumented immigrants, highlighting tensions between federal agencies and immigration enforcement efforts, despite undocumented immigrants paying significant taxes.
Originally Published 1 year ago — by FSA Partner Connect
The Department of Education is preparing to release a list of Universally Unique Identification Numbers (UUIDs) to schools, identifying student records unaffected by known errors in tax data provided on Institutional Student Information Records (ISIRs) for 2024–25 FAFSA forms. The list will be sent directly to institutions, and a decryption key will be provided to access the encrypted CSV file containing the unaffected records. Schools can use this information to accurately calculate aid offers. Additionally, a webinar is scheduled to discuss tax data discrepancies and support available to schools, and a browser-based tool is available for checking FAFSA records for known issues.
Originally Published 1 year ago — by FSA Partner Connect
The Department of Education and the IRS have identified three issues affecting a subset of FAFSA forms, impacting approximately 5% of previously submitted applications, which need to be reprocessed due to errors potentially decreasing financial aid eligibility. The issues involve inconsistent tax data transferred via the FA-DDX and manually entered information. The Department plans to reprocess affected records as soon as functionality is available, with over 80% of FAFSAs unaffected. Schools are provided guidance on identifying forms with errors, options for moving forward, and the Department's intention to reprocess certain records. Additionally, the Department will release a list of unaffected records and provide daily updates to keep stakeholders informed.
Originally Published 1 year ago — by FSA Partner Connect
The Department of Education is investigating reports of potential issues with tax data provided on the 2024-25 FAFSA applications and is working with the IRS to assess the scope and impact of the problem. They are in contact with schools and will provide further guidance once more information is available, assuring that the majority of previously submitted applications are likely unaffected.