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ZERO-INCOME STATEMENT This form is to be completed by each Household Member reporting Zero-Income for the past 30 days. Note: Please see the What do I Need Worksheet for a list of all required documents.
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A zero income statement is a form used to report that an individual or entity has no income to report for a given period.
Individuals or entities who have no income to report for a specific period are required to file a zero income statement.
To fill out a zero income statement, one must provide their personal information and indicate that they have no income to report for the specified period.
The purpose of a zero income statement is to inform tax authorities that an individual or entity has no income to report and therefore should not be taxed for that period.
On a zero income statement, individuals or entities must provide their personal information, details of the period being reported, and confirm that they have no income to report.
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