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Old 10-23-2012, 09:30 PM
 
31 posts, read 79,136 times
Reputation: 50

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I have an interview for a below-market apartment in a market apartment building and they've given me a list of about 523890235 documents to provide. Most of these are to prove my income.

My question is this: is the income limit for before taxes (gross) or after taxes (net)? This is a pretty big issue for me, because I'm self-employed and most of my employers (I have several clients) don't take taxes out.
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Old 01-13-2013, 10:39 AM
 
4 posts, read 9,294 times
Reputation: 15
before taxes (gross).
and for self-employed, they will ask for your Schedule C, which is included in your tax return.
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Old 04-20-2014, 05:55 PM
 
8 posts, read 19,101 times
Reputation: 11
I just won the lottery. I received a letter stating I have to bring other documents so now my question is. One of the documents is showing my account was close. Now will this pose a issue that the close wad close due to overdrawn . Now, will they reject me for that.
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Old 04-22-2014, 05:41 AM
 
Location: Manhattan
22,921 posts, read 30,839,533 times
Reputation: 10824
Quote:
One of the documents is showing my account was close.
benjid,

Lose that document. If the account is closed it no longer enters into the question of your assets.
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Old 04-22-2014, 07:56 AM
 
8 posts, read 19,101 times
Reputation: 11
But they wanna see proof. That it was close.
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Old 04-22-2014, 08:00 AM
 
8 posts, read 19,101 times
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Cause, at the time when I had applied to housing it was open until january so they asking for proof when I had applied that it got closed.
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Old 04-22-2014, 08:39 AM
 
Location: Manhattan
22,921 posts, read 30,839,533 times
Reputation: 10824
Nuts,

Can you show them something that simply says ACCOUNT CLOSED without dwelling on the REASON?

See, what they are most interested in is your RESOURCES for which they will impute an income of 2%. They want to be sure you aren't hiding assets, which you clearly are not. So they may not be looking too hard.

BUT if they spot that you have written a bad check it's deep doo-doo.

Last edited by Kefir King; 04-22-2014 at 09:52 AM..
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Old 04-22-2014, 09:35 AM
 
8 posts, read 19,101 times
Reputation: 11
Ok, got it. Thank you.
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Old 05-18-2014, 12:33 PM
 
6 posts, read 6,568 times
Reputation: 10
Can some one pls help me to find out I got a letter for interview for affordable lottery apts .
We ( me & my husband ) have checking account & we have around 15,000 in our account. R they
Gone count that amount with our yearly gross income ??
Cos that's our saving in checking account which we don't use from income tax in case emergency .
Pls help me if any one went through these kind of situation.
Thanks
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Old 05-18-2014, 03:58 PM
 
6,685 posts, read 6,653,270 times
Reputation: 4812
Quote:
Originally Posted by Eva001 View Post
Can some one pls help me to find out I got a letter for interview for affordable lottery apts .
We ( me & my husband ) have checking account & we have around 15,000 in our account. R they
Gone count that amount with our yearly gross income ??
Cos that's our saving in checking account which we don't use from income tax in case emergency .
Pls help me if any one went through these kind of situation.
Thanks
They add income of 2% of your money in the bank.
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