February 2018 Top 10 AskRegs Knowledgebase Q&As

Click on any of the questions below to see the corresponding answer on NASFAA's AskRegs Knowledgebase.

How Do We Complete Verification Or Resolve the 07 When No 1040X Was Filed But the IRS Corrected the Tax Return?
How Do We Resolve IRS Request Flag 07 for Amended Tax Returns?
Is a Copy of a Tax Return Acceptable In All Cases When A Federal IRS Tax Transcript Would Otherwise Be Required?
Is a Verification of Nonfiling Letter Required to Complete Verification?
Does IRS Data Field Flag 1 Mean That Individual Data Element Is Considered Verified?
How Are IRA, Pension, and Annuity Rollovers Reported on the FAFSA?
How Should We Treat a Foreign Income Tax Return for Verification?
Do Schools Have to Correct Errors in Prior Year Data?
Can We Make a Late Disbursement If Verification Is Completed Within the Extra 120-Day Timeframe?
Can We Retroactively Pay Aid for the First Term if Verification Is Not Completed Until During the Second Term?

If you have a question that's not on the list, you can find a credible and reliable answer on the AskRegs Knowledgebase site by browsing or searching the answers provided by our Training and Regulatory Assistance staff. You may also submit your own question using the Request Support feature.

Publication Date: 3/6/2018

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February 2018 Top 10 AskRegs Knowledgebase Q&As

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