[Oasfaa] FW: 1040 Required? Simplified Needs Test Chart Ready

[Mc Conahay, Pamela K.]

Each year, I prepare a chart to help financial aid administrators
determine if a person who filed a 1040 was actually eligible to file a
1040A or 1040EZ.  The purpose of the chart is to help you and your
applicants accurately answer Questions 34 and 72 on the FAFSA. 

I've prepared the chart for use with 2006 tax returns and it is
available on the Oklahoma Association (OASFAA) website at
 http://www.finaidapps.ou.edu/OASFAA/forms_bank.cfm  

A couple of reminders:

1)   THIS CHART DOES NOT DETERMINE WHO IS ELIGIBLE FOR THE SIMPLIFIED
NEEDS TEST.  It simply helps you determine ONE eligibility factor,
whether the person was eligible to file a 1040A or EZ.  

2)  I did include the complete criteria for the Simplified Needs Test at
the bottom of the page. 

3)  The AGI limit for filing a 1040A or EZ went up to $100,000 in 2005.
That did NOT change the ED requirement that the AGI be no more than
$50,000 to qualify for the Simplified Needs Test.


Pam McConahay 
Assoc. Dir., Compliance, Training & Lender Relations 
University of Oklahoma Financial Aid Services 
1000 Asp Avenue, Room 216 Norman OK 73019-4078
(405) 325-4617  Fax (405) 325-7608 
pmcconahay at ou.edu 

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