How to Show Proof of Income When There is No Paper Trail
At different times in a person’s life, proof of income is more necessary for presentation. Instances, where a person is looking to rent a house, is an example of such a situation. Irrespective of whether the house is for commercial or residential purposes, proof of income may be mandatory to present. To ascertain that the person that is looking to rent the house can pay rent accordingly is why the owner of the house may ask for proof of income. Instances present themselves where a person does not have proof of income. Why this is the case is because there is no paper trail. Not receiving a steady paycheck may be the reason why the paper trail is absent. A paper trail is not created when one does odd jobs and receives different payments. It is because of this that there has come up ways for a person to show proof of income without a paper trail. Click here to learn more.
One can show proof of income without a paper trail by presenting bank statements. The activity of one’s bank account will show his or her incomes and withdrawals. Any money that comes in and its date, as well as the date in which the money is taken out, is clearly shown in the bank statement. Given that the deposits made into an account are regular, the bank statements will be enough roof of income. Any person that requires proof of income will be able to see this in the bank statement.
Besides this, one more way person could present a letter from his or her employer as proof of income without a paper trail. The importance of the employer will be seen in such cases. The employer will easily attest to the fact that a person is in his or her employ and that he or she is paying the person regularly. Proof of income will be seen by the person that needs it once he or she sees such a letter from a person’s employer. One can also present paychecks to the person that needs the proof of income. Documentation of these paychecks is a good way for this to be effective.
Showing of a person’s tax returns is also a way in which a person could show proof of income without a paper trail. Shown in the tax forms is the amount that a person earned and the tax that is expected from him or her. Of importance is a person keeping such forms. This company that requires proof of income can get this by looking at the tax forms that are presented.