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SCHEDULE A to Form FL17 STATEMENT OF INCOME, ASSETS AND LIABILITIES This is the statement of income, assets and liabilities of A. INCOME All of my sources of income and amounts of income per month

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How to fill out statement of income assets

How to fill out statement of income assets:

01

Start by gathering all relevant financial documents, such as bank statements, investment statements, and any other records of income or assets.

02

Begin filling out the statement by providing your personal information, including your name, address, and Social Security number.

03

Next, list all sources of income, such as wages, salary, alimony, rental income, or dividends. Be sure to include the amount and frequency of each income source.

04

Move on to listing your assets, such as properties, vehicles, bank accounts, investments, and retirement accounts. Include the current value of each asset and any outstanding loans or liabilities associated with them.

05

If applicable, include any additional sources of income or assets, such as trust funds, inheritances, or business ownership.

06

Double-check all the information provided to ensure accuracy and completeness. Make sure to sign and date the statement before submitting it.

Who needs statement of income assets?

01

Individuals applying for a mortgage or loan: Lenders often require a statement of income assets to assess the borrower's financial stability and ability to repay the loan.

02

Individuals applying for financial aid: Students applying for grants or scholarships may need to provide a statement of income assets to demonstrate their financial need.

03

Individuals undergoing a divorce or separation: In legal proceedings, a statement of income assets may be required to determine the division of assets and calculate spousal or child support.

04

Individuals applying for government assistance programs: Certain social welfare programs may require a statement of income assets to assess eligibility and determine the level of support provided.

05

Individuals involved in legal matters: Parties involved in lawsuits or legal disputes may need to provide a statement of income assets as evidence to support their claims or defend against allegations.

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What is statement of income assets?

The statement of income assets is a financial statement that summarizes an individual's or organization's income and assets.

Who is required to file statement of income assets?

Individuals or organizations with income and assets above a certain threshold are required to file a statement of income assets.

How to fill out statement of income assets?

The statement of income assets can be filled out manually or electronically, by providing details of income sources and asset values.

What is the purpose of statement of income assets?

The purpose of the statement of income assets is to provide a clear picture of an individual's or organization's financial situation.

What information must be reported on statement of income assets?

Information such as income sources, asset values, liabilities, and expenses must be reported on the statement of income assets.

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