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PO Box 12070Texas Ethics Commission Austin Texas 78711 2070(512) 4635800(TDD 1 800 7352989)PERSONAL FINANCIAL STATEMENTFORMPFSCOVER SHEET TOTAL NUMBER OF PAGES FILED:Filed in accordance with chapter

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How to fill out personal financial statement 2012

01

Step 1: Start by collecting all of your financial documents such as bank statements, investment statements, and tax returns from 2012.

02

Step 2: Create a list of all your assets, including cash, investments, real estate, vehicles, and personal property. Include the current value of each asset.

03

Step 3: List all of your liabilities, such as mortgages, credit card debt, student loans, and auto loans. Include the outstanding balances and monthly payments for each liability.

04

Step 4: Calculate your net worth by subtracting your total liabilities from your total assets.

05

Step 5: Provide details about your income sources, including employment income, rental income, investment income, and any other sources of income.

06

Step 6: Disclose your monthly expenses, such as housing costs, utilities, transportation costs, debt payments, and living expenses.

07

Step 7: Review your completed personal financial statement for accuracy and make any necessary revisions.

08

Step 8: Sign and date the personal financial statement to certify its accuracy.

09

Step 9: Keep a copy of the personal financial statement for your records.

10

Step 10: Submit the personal financial statement as required by the requesting entity, such as a lender, financial institution, or tax authority.

Who needs personal financial statement 2012?

01

Individuals applying for loans from banks or financial institutions.

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Entrepreneurs seeking funding from investors.

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Business owners preparing financial reports for stakeholders.

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Anyone applying for grants or scholarships.

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Insurance applicants providing information for underwriting purposes.

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Taxpayers submitting financial statements to the tax authorities.

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Individuals undergoing divorce or legal proceedings related to financial matters.

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People interested in tracking their personal financial health and progress over time.

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What is personal financial statement?

A personal financial statement is a document that outlines an individual's financial position at a specific point in time.

Who is required to file personal financial statement?

Certain individuals such as government officials, candidates for public office, and high-level executives may be required to file a personal financial statement.

How to fill out personal financial statement?

To fill out a personal financial statement, one must gather information on their assets, liabilities, income, and expenses, and input this data into the appropriate sections of the form.

What is the purpose of personal financial statement?

The purpose of a personal financial statement is to provide a snapshot of an individual's financial health and help assess their net worth.

What information must be reported on personal financial statement?

Information on assets, liabilities, income, expenses, and other financial details must be reported on a personal financial statement.

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