Tax Transcript Decoder
The Tax Transcript Decoder© is a visual guide to assist financial aid administrators with quickly identifying the correct transcript line items needed to complete the verification process. This tool contains a color-coded sample tax return and corresponding tax return transcript. The decoder also includes a sample Form W-2 cross-referenced with a W-2 Wage and Income Statement.
Publication Date: 11/23/2020
Related Content
Verification: 2022-2023 - February 2022: Verification: 2022-2023
Verification: 2022-2023 - November 2021: Verification: 2022-2023
NASFAA Webinar: FAFSA Update: 2022-23: FAFSA Update: 2022-23
Today's News for September 10, 2021
How Do We Treat Income Earned From Work For a Foreign Nontax Filer?
NASFAA Urges ED to Extend Verification Relief Before 2022-23 FAFSA Cycle Opens
Today's News for September 8, 2021
Today's News for September 7, 2021
Today's News for September 3, 2021
Today's News for September 1, 2021
ED Publishes Verification Requirements for 2022-23, Excludes Existing Waivers
Is There a 2020 Tax Return Comparison Tool To Assist With Verification and Professional Judgment?
How Do We Account For the Unemployment Compensation Correction Made By the IRS On 2020 Tax Returns?
Today's News for July 16, 2021
Off the Cuff - Episode 200 Transcript
How Do We Implement the Verification Waiver For the Remainder Of 2021-22?
ED Announces Changes to Verification Process for the 2021–22 Award Year
Today's News for July 14, 2021
Improving the Verification Process
Legislative Tracker: FAFSA Simplification
NASFAA & NCAN Verification Survey
Today's News for June 25, 2021
Today's News for June 23, 2021
Pop Quiz – For V4 Verification, Is “Personally Known” Acceptable for Type of Government ID?
Pop Quiz – Can Schools Roll Over the Identity/Statement of Educational Purpose Document Each Year?
If We Set the PJ Flag, Will the Student Be Selected For Verification On a Subsequent Transaction?
Does a U.S. Passport Require a Signature For It To Be Acceptable For Confirming Citizenship?
Is Follow-Up Required If the IRS DRT Was Used and the Data Field Flag For Schedule 1 Is Zero ("0")?
Legislative Tracker Archive: FAFSA Simplification
FAFSA Tips & Common Mistakes to Avoid
How Do We Complete Verification When the Income Is Zero and the AGI Is $1?
Off the Cuff - Episode 175 Transcript
FAFSA Simplification Letter to Leadership
October 2020 Top 10 AskRegs Knowledgebase Q&As
For 2021-22 Verification, How Do We Know Whether a 2019 Form 1040 Schedule 1, 2, Or 3 Was Completed?
Do the COVID-19 Verification Flexibilities Apply To the 2021-22 Award Year?
Is There a 2019 Tax Return Comparison Tool To Assist With Verification and Professional Judgment?
Advertisement