Training 

Training and professional development opportunities are essential for NHASFAA to fulfill our mission to engage, educate, and empower New Hampshire financial aid professionals. 

NHASFAA strives to create a culture of learning for all members to expand knowledge and develop skills.

Annual Tax Training (Virtual)
Presented by: Robert Weinerman, Iron Bridge Resources

The annual tax training for RIASFAA and NHASFAA will take place over three two hour long online webinars. The agenda and dates and times are listed below. All webinars will start at 10:00 AM. Each webinar should last about two hours.

Registration is available now and restricted to members of NHASFAA and RIASFAA. This is a two part registration. Please complete the NHASFAA registration form below first. Once submited you will be emailed a confirmation with a link to register directly for the zoom event. You need to complete both registrations.

Register

Agenda:

Webinar 1 – December 6, 2022, 10:00 PM – Noon – Introduction to the 2021 Tax Forms and 2023-2024 Verification

In 2021, the IRS made the most significant changes to Form 1040 and related schedules since it broke the old 1040 into pieces in 2018. Most of this webinar will look at changes to the tax forms, and changes to the tax code, that you will want to prepare for. The agenda includes:

  • A walk through to the 2021 tax forms to see how they relate to the 2023-2024 FAFSA
  • New data on the tax returns that are FAFSA-related and how to address it
  • COVID related IRA and pension distributions from 2020 that will appear on the 2021 tax form
  • What 2020 specific tax changes have carried forward into 2021, and which have expired?
  • Overview of 2023-2024 V1 verification requirements (may spill over into webinars 2 and 3)

Webinar 2 – December 9, 2022, 10:00 PM – Noon Verifying Tax Filers

This webinar will provide a comprehensive overview of the process for verifying a tax filer, from the documents that need to be collected to the actual review of this documentation. We will cover

  • Documentation required when a person who is required to provide information on a selected applicant’s FAFSA filed a tax return (may be covered in webinar 1)
  • Verifying rollovers
  • Verifying when you received an amended tax return or a notice that the IRS has changed a tax return, including an overview of the Tax Account Transcript
  • Review of IRS filing status requirements with a focus on the Head of Household status

Webinar 3 – December 13, 2022, 10:00 PM – Noon – Verifying Non-filers

This webinar will provide a comprehensive overview of the process for verifying a non-filer, from the documents that need to be collect to the review of this documentation. We will cover

  • Documentation required when a person who is required to provide information on a selected applicant’s FAFSA reports that they will not be filing a tax return (if not covered in webinar 1)
  • The waiver of the IRS Verification of Nonfiling Letter
  • Review of the IRS rules that determine when a person is required to file a tax return, with examples
  • Unusual situation – United States earned income that is not taxed as traditional earned income

 

 Financial Aid Fridays

Additional trainings will be available soon!


 

NHASFAA members can view past virtual trainings by clicking below.

Recorded Trainings