In a recent Federal Register notice and Dear Colleague Letter, the Department of Education (ED) announced that “other untaxed income” will be added to the list of verification items for the 2014-15 application year. In addition, guidance was provided on acceptable documentation, verification tracking groups, and paper tax returns. ED will be offering an interest session on verification at the NASFAA national conference, which will included updated information for 2014-15 verification. The session is offered on Sunday, July 14 at 2:30 pm and on Monday, July 15 at 1:30 pm.
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