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Texas Ethics Commission P.O. Box 12070 Austin, Texas 78711-2070 (512) 463-5800 PERSONAL FINANCIAL STATEMENT (TDD 1-800-735-2989) FORM PFS COVER SHEET PAGE 1 TOTAL NUMBER OF PAGES FILED: Filed in accordance

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What is personal financial statement?

A personal financial statement is a document that provides an individual's financial information, including assets, liabilities, income, and expenses. It gives a snapshot of an individual's financial position at a specific point in time.

Who is required to file personal financial statement?

The requirement to file a personal financial statement varies depending on the jurisdiction and specific regulations. Generally, individuals such as high-ranking government officials, politicians, candidates for public office, and some professionals may be required by law to file personal financial statements.

How to fill out personal financial statement?

Filling out a personal financial statement involves gathering relevant financial information such as bank statements, investment records, property valuations, and debt details. This information is then organized into sections, including assets, liabilities, income, and expenses. The individual should accurately report their financial situation based on the provided template or guidelines.

What is the purpose of personal financial statement?

The purpose of a personal financial statement is to provide a comprehensive overview of an individual's financial health. It helps evaluate their net worth, assess creditworthiness, apply for loans, comply with legal requirements, and plan for future financial goals.

What information must be reported on personal financial statement?

A personal financial statement typically includes information about assets (such as bank accounts, investments, real estate), liabilities (such as mortgages, loans, credit card debt), income (including salary, dividends, rental income), and expenses (such as rent, utilities, insurance). Other relevant details like business ownership, partnerships, or properties owned may also be required to be reported.

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