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INCOME AND EXPENSE QUESTIONNAIRE City/Town:___ APARTMENTS FOR 12 MONTHS ENDING DECEMBER 31, 2022, Please Return to:ART Appraisal 191 Merrimack Street Suite 701 Haverhill, MA 01830 NOTE: THIS IS A

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How to fill out income and expense questionnaire

01

Gather all necessary financial documents such as bank statements, pay stubs, and receipts.

02

List all sources of income including wages, self-employment income, and rental income.

03

Break down expenses into categories such as housing, utilities, food, transportation, and entertainment.

04

Record the amount spent on each expense category for a specific time period (monthly, quarterly, etc.).

05

Make sure to include any debt payments or savings contributions in the expense section.

06

Calculate the total income and total expenses to determine the net income (income minus expenses).

07

Review the completed questionnaire for accuracy and make any necessary adjustments.

Who needs income and expense questionnaire?

01

Individuals applying for loans or mortgages

02

Business owners looking to track their financial performance

03

Government agencies for compliance and tax purposes

04

Financial advisors helping clients with budgeting and financial planning

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What is income and expense questionnaire?

The income and expense questionnaire is a form used to report financial information regarding income and expenses.

Who is required to file income and expense questionnaire?

Individuals who meet certain income thresholds or guidelines set by the IRS are required to file an income and expense questionnaire.

How to fill out income and expense questionnaire?

The income and expense questionnaire can be filled out either manually or electronically, depending on the instructions provided by the IRS or other relevant authorities.

What is the purpose of income and expense questionnaire?

The purpose of the income and expense questionnaire is to determine the financial situation of individuals or households, for tax or other regulatory purposes.

What information must be reported on income and expense questionnaire?

Information regarding income sources, expenses, assets, and liabilities must be reported on the income and expense questionnaire.

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