Re: [WTW] Self Employed Income Verification

[Fred Weingarth-PFCS]

Title: Self Employed Income Verification

Hello Richard,   I would suggest getting income tax returns.  You could get them for the past 2 years and that would give you an idea of what he will be making this year.  Also, depending upon the kind of work that he does, he may have some type of accounts receivable and their payment records for his own accounting records.  If he is strictly paid in cash the income tax returns may be your only source of income verification.   Fred Weingarth WtW in New Philadelphia, Ohio ----- Original Message ----- From: Ruiz, Richard To: [EMAIL PROTECTED] Sent: Wednesday, July 07, 2004 3:36 PM Subject: [WTW] Self Employed Income Verification Hi All, We recently received an inquiry for a Family Loan from an applicant that is self employed and is paid in cash.  Since we need to verify the applicant�s wages for both program eligibility and capacity for repayment, how is this handled when the applicant�s wages are undocumented?  Has anyone ever encountered this situation?  If so, can you please share your experience with our site? Thank You in Advance Richard Ruiz [EMAIL PROTECTED] Seedco/N-PAC New York, NY