Methods of Showing Proof of Income When There is No Paper Trail
Proof of income here is required at different times in a person’s life. Instances, where a person is looking to rent a house, is an example of such a situation. Irrespective of whether the house is for commercial or residential purposes, proof of income may be mandatory to present. The owner of the house requires proof of income to ensure that the person to whom he or she wants to rent the house to is able o pay rent. Instances present themselves where a person does not have proof of income. The lack of a paper trail is the reason why this occurs. The lack of paper trail is mostly because one may not be receiving a steady paycheck. A paper trail is not created when one does odd jobs and receives different payments. Therefore, ways to show proof of income without a paper trail have come up. Click here to learn more.
One can show proof of income without a paper trail by presenting bank statements. A person’s bank account activity will show his income and withdrawals. The amounts and dates in which money comes in and leaves the account of a person are clearly shown in the bank statement. Given that the deposits made into an account are regular, the bank statements will be enough roof of income. Proof of income will be seen by any person that looks at the bank statement.
Another way in which a person could show proof of income without a paper trail is by presenting a letter from his or her employee. The importance of the employer will be seen in such cases. What is done by the employer is that he attests that a certain person does work for him and that the person regularly receives income from the employer. The person that requires proof of income will see a letter from the employer as a good place to start. One can also present paychecks to the person that needs the proof of income. Documentation of these paychecks is a good way for this to be effective.
Proof of income without a paper trail can also be shown by one showing his or her tax returns. Tax forms show what one earned and the tax that should be paid. Of importance is a person keeping such forms. Any person that requires proof of income will access all the information he or she needs by looking at these tax forms.
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