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SECURITIES & EXCHANGE COMMISSION EDGAR FILING WILLAMETTE VALLEY VINEYARDS INC Form: 10-Q Date Filed: 2013-08-08 Corporate Issuer CIK: Symbol: SIC Code: Fiscal Year End: 838875 WV VI 2080 12/31 ? Copyright

How to fill out preceding 12 months or

How to fill out preceding 12 months or:

1. Start by gathering all relevant financial information from the past 12 months. This includes income statements, bank statements, receipts, and any other documentation that provides a clear picture of your financial activity.
2. Organize the information chronologically, arranging it in a way that makes it easy to identify and track your financial transactions. This can be done by creating spreadsheets or using accounting software.
3. Take note of all sources of income for the past 12 months. This includes salary, rental income, dividends, and any other sources of funds that have contributed to your financial situation.
4. Deduct any expenses that were incurred during the preceding 12 months. This may include rent or mortgage payments, utility bills, insurance premiums, transportation costs, and any other regular or significant expenses.
5. Review your bank statements for any additional transactions that may have been missed during the initial organization process. It is important to ensure that all financial activity is accounted for.
6. Calculate your net income for the preceding 12 months by subtracting the total expenses from the total income. This will give you a clear understanding of your financial position.

Who needs preceding 12 months or?

1. Individuals who are self-employed or freelancers may need to fill out the preceding 12 months to accurately report their income and expenses for tax purposes. This is particularly important for those who do not have regular and consistent income streams.
2. Small business owners may also need to fill out the preceding 12 months in order to analyze their financial performance, make informed business decisions, and prepare financial statements for stakeholders or potential investors.
3. Individuals applying for loans or mortgages may be required to demonstrate their financial stability and ability to repay the borrowed funds. Providing the preceding 12 months' financial information can help lenders assess the applicant's creditworthiness.
4. Those undergoing financial audits or undergoing legal proceedings may need to provide the preceding 12 months' financial records as evidence or to fulfill legal requirements.

Overall, filling out the preceding 12 months is crucial for anyone who needs a comprehensive understanding of their financial situation or who has to provide financial information for various reasons such as tax filings, loan applications, business planning, or legal requirements.

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