2023-2024-tax-income-verification-form

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How do I fill this out?

To fill out this form, begin by gathering the necessary tax documents for yourself and your parents or stepparents. Then, carefully follow the instructions regarding your tax filing status and income information. Ensure all sections are completed fully to avoid delays in the verification process.

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How to fill out the 2023-2024 Tax and Income Verification Form?

  1. 1

    Gather the required tax documents for yourself and your parents.

  2. 2

    Fill in your personal information and tax status on the form.

  3. 3

    Provide income details and any necessary supporting documentation.

  4. 4

    Sign and date the form as required.

  5. 5

    Submit the completed form and documents by the specified deadline.

Who needs the 2023-2024 Tax and Income Verification Form?

  1. 1

    Dependent students applying for financial aid at the University at Buffalo.

  2. 2

    Parents or stepparents of the dependent students providing tax information.

  3. 3

    Financial aid advisors at the university needing documentation for verification.

  4. 4

    Students interested in federal student aid who require their FAFSA processed.

  5. 5

    Individuals who have undergone changes in income or tax status in 2021.

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What are the instructions for submitting this form?

Submit this form using one of the following methods: electronically via the Secure Document Upload Center at financialaid.buffalo.edu/forms/documentation-upload-center/, by fax to 716-645-6566, or by mail to Financial Aid at 1 Capen, Capen Hall, Buffalo, NY 14260. Make sure to include your UB Person Number in the file name when submitting documents electronically. Documents must be received by the designated deadlines to ensure timely processing of your financial aid.

What are the important dates for this form in 2024 and 2025?

The important deadlines for submitting the Tax Verification Form are November 15 for students not returning in the spring term and April 15 for full year and spring-only students. Ensure all required documents are submitted by these dates to avoid delays in financial aid processing. Keep an eye on any additional requirements or notifications from the Financial Aid Office.

importantDates

What is the purpose of this form?

The purpose of this form is to collect necessary tax and income information from dependent students and their families to verify eligibility for financial aid. Accurate completion of this form is crucial for assessing the financial situation of the student and their household. This verification process ensures that students receive the appropriate amount of financial support based on their circumstances.

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Tell me about this form and its components and fields line-by-line.

This form contains various fields for personal identification, tax status, household information, and income details.
fields
  • 1. First Name: The student's first name.
  • 2. Last Name: The student's last name.
  • 3. Person Number: Unique identifier for the student at the university.
  • 4. Tax Filing Status: Indicates whether the student or parents filed a tax return.
  • 5. Income Information: Details regarding income earned by the student and parents.
  • 6. Household Members: Names and relationships of individuals in the household.
  • 7. Certification and Signature: Signatures of both the student and their parent or stepparent certifying the accuracy of the information.

What happens if I fail to submit this form?

Failing to submit this form on time may result in delays in processing your financial aid, or even denial of aid eligibility. It is crucial to ensure all information is accurate and submitted before the deadlines.

  • Processing Delays: Your application for financial aid may be delayed, impacting your enrollment.
  • Aid Ineligibility: Failure to submit may result in not qualifying for federal financial aid.
  • Legal Penalties: Providing inaccurate information may lead to fines or other legal consequences.

How do I know when to use this form?

Use this form when you are a dependent student applying for financial aid and have been selected for verification. It is essential for reporting your tax information accurately to ensure that you meet eligibility requirements.
fields
  • 1. New Financial Aid Applicants: Students applying for financial aid for the first time.
  • 2. Students Selected for Verification: Those whose financial aid applications require additional documentation.
  • 3. Students with Changes in Income: To report significant variations in household income since the last tax year.

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2023-2024 Tax and Income Verification Form

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