Electronically Filed Returns
Guidance from the Department of Education and the IRS suggests that if you file your taxes electronically and have any owed taxes paid in full at the time of submission or are due a refund, IRS Tax Return Transcripts will be available 2 - 4 weeks after your return has been processed.
If you filed electronically, but do not pay in full any taxes due, your tax return will not be processed until May and you may request your IRS Tax Return Transcript 2 - 3 weeks after that point.
Paper Filed Returns
Those that file a paper return will unfortunately need to wait even longer to make the request for their tax return transcript. If you expect a refund or owe no additional taxes, you can request your transcript 8 - 11 weeks after your tax return has been submitted and received.
If you owe any amount, even if it is paid in full at the time your return is submitted, your tax return will not be processed until June and you will not be able to request your transcript until 2 - 3 weeks after that point.
Frequently Asked Questions
Per the IRS website, complete and send Form 4506-T and include any and all recent addresses.
If you are having difficulty with the online and phone ordering, we recommend completing Form 4506-T to submit a written request for the transcript.
No. Federal regulations prohibit us from accepting screen prints. You must submit an IRS Tax Return Transcript. No exceptions.
Submit a copy of your Form 4868 Tax Extension that you filed with the IRS. Include copies of W-2’s from every source of employment. If self-employed, submit a signed statement certifying the amounts expected for your adjusted gross income and U.S. income tax.
No. There is no appeal process.
In most cases as long as you get the tax return transcript in as soon as you are able to access it in June, it is not likely to negatively impact your student’s aid package.
No. Federal regulations require a copy of the federal tax return transcript (or successful use of the IRS Data Retrieval Tool on the FAFSA).
While the priority deadline for submitting the tax return transcript (and any missing paperwork) is April 1, forms could be submitted as late as the deadline for the semester in which you want aid. Some funding sources are limited so the sooner it is submitted the better. Federal Pell Grant and Direct Loans are always available. Merit-based scholarships do not depend on verification paperwork.