The Obama Administration is proposing a change to the FAFSA process (for federal financial aid for college students). Instead of having to pull your tax records out of a file [or calling your tax preparer to get a copy :) ], you may have the option of importing your needed tax info from the IRS database. It seems like this would improve accuracy and cut down on confusion as well. It may raise some privacy concerns, so we will see where this goes.
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IRS CIRCULAR 230 DISCLOSURE REQUIREMENT: IRS Circular 230 requires us to notify you that any tax advice contained in this communication is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding tax penalties that may be imposed by law.
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