The Wage and Income Transcript shows data from information returns the IRS receives such as Forms W-2, 1099, 1098 and Form 5498, IRA Contribution Information.

If you, your spouse (if married) or your parents (if dependent) need to document your taxable income to fill out a FAFSA or to comply with verification requirements, you can request an IRS “Wage & Income transcript” (W2 statement) free of charge.

Online Request - Get Transcript ONLINE

•Available on the IRS website at www.irs.gov
•Under the Tools heading on the IRS homepage click “Get a Tax Transcript
•Click “Get Transcript ONLINE
•The tax filer must sign up to create or reactivate his or her account
•Follow the prompts to request a Wage and Income transcript

Online Request - Get Transcript by MAIL

•Available on the IRS website at www.irs.gov
•Under the Tools heading on the IRS homepage click “Get a Tax Transcript
•Click “Get Transcript by MAIL
•Acknowledge the disclosure pop up box that appears by clicking “OK
•Complete the required fields (SSN, DOB etc.) and then click “Continue
•In the Type of Transcript field, select “Wage and Income Transcript
•In the Tax Year field, select the year you need for your file
•Click “Continue

If successfully validated, tax filers can expect to receive a paper IRS Tax Return Transcript at the address included in their online request, within 5 to 10 business days from the time the online request was successfully transmitted to the IRS

NOTE: IRS Wage and Income requested online cannot be mailed to an address other than the address on file with the IRS.

Paper Request Form - IRS Form 4506-T

•Download a PDF for the 4506-T at http://www.irs.gov/pub/irs-pdf/f4506t.pdf
Lines 1-4: Complete these lines following the instructions on page 2 of the form.
Line 5: Provides tax filers with the option to have their IRS Wage and Income Transcript mailed directly to a third party by the IRS. Do not list Southwestern Illinois College as a third party. You should have the Wage and Income Transcript sent to your address.
•After you receive it, make a photocopy. Keep one for yourself, and submit the other one to the Financial Aid department;
The student’s name and SWIC student ID number MUST be written on EVERY page of the transcript.

Line 8: Click on box to the right of line 8 to request Wage and Income Transcripts.
Line 9: Enter the appropriate date in 12/31/20xx format to receive IRS tax information for the tax year that is required for FAFSA verification. Enter the date as “12/31/2015” for a 2015 Wage and Income Transcript for your 2016-2017 and 2017-2018 financial aid file.
The tax filer must sign and date the form and enter their telephone number. Sign the IRS Form 4506-T exactly as your name appeared on the original tax return. If you changed your name after submitting your tax return, also sign your current name.
•Mail or fax the completed IRS Form 4506-T to the appropriate address (or FAX number) provided on page 2 of the form.

In most cases, tax filers can expect to receive their IRS transcripts/letters within 10 business days from the time the IRS receives and processes the completed and signed 4506-T request.

NOTE: If any information does not match IRS records, the IRS will notify the tax filer that it was not able to provide the transcript.