The information provided on this page offers the financial aid administrator (FAA) useful information that can be referenced and applied when completing verification, resolving conflicting information, and advising students.
- Publication 17 — Your Federal Income Tax for Individuals (292 pages)
This publication covers the general rules for filing a federal income tax return. Publication 17 is a comprehensive tax guide that details many topics from filing status to reporting of foreign earned income and much more. Many of the subjects discussed in this publication are discussed in greater detail in other IRS publications.
- Publication 501 — Exemptions, Standard Deduction, and Filing Information (29 pages)
This publication specifically addresses the issues identified by ED as fundamental tax knowledge for the FAA. Publication 501 answers some basic questions of who must file, who should file, what filing status to use, how many exemptions to claim, and the amount of the standard deduction. Due to the fact that Publication 501 is significantly shorter than Publication 17 and it covers the requirements from ED, we strongly recommend that the FAA become familiar with the information contained in this publication.
Contacting the IRS
Visit the IRS website at www.irs.gov. Call the IRS Customer Service Center with questions 1-800-TAX 1040 (829-1040).
Or, call the IRS Tele-Tax Topic line at 1-800-829-4477 to get pre-recorded messages covering a large array of tax topics including but not limited to:
|When, Where, and How to File||Topic 301|
|Which Form — 1040, 1040A, or 1040EZ?||Topic 352|
|Scholarships and Fellowship Grants||Topic 421|
|Student Loan Interest Deduction||Topic 456|
|Tuition and Fees Deduction||Topic 457|
The preceding topics are found in the categories of General Information, Which Forms to File, Types of Income, and Adjustments to Income. Each topic is followed by a corresponding topic number. To access your topic, select the three-digit number. For more topics, visit the Tax Topic Index on the IRS website .