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04 040113 HA ADMINPLAN EX 2
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04 040113 HA ADMINPLAN EX 2
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Last modified
3/28/2013 10:01:24 AM
Creation date
3/28/2013 9:36:46 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Date
4/1/2013
Destruction Year
2018
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7-III.B. BUSINESS AND SELF-EMPLOYMENT INCOME <br />Business owners and self employed persons will be required to provide: <br />An audited financial statement for the previous fiscal year if an audit was conducted. If <br />an audit was not conducted, a statement of income and expenses must be submitted and <br />the business owner or self employed person must certify to its accuracy. <br />All schedules completed for filing federal and local taxes in the preceding year. <br />If accelerated depreciation was used on the tax return or financial statement, an <br />accountant's calculation of depreciation expense, computed using straight-line <br />depreciation rules. <br />SARA will provide a format for any person who is unable to provide such a statement to record <br />income and expenses for the coming year. The business owner/self employed person will be <br />required to submit the information requested and to certify to its accuracy at all future <br />reexaminations. <br />At any reexamination SARA may request documents that support submitted financial statements <br />such as manifests, appointment books, cash books, or bank statements. <br />If a family member has been self employed less than three (3) months, SARA will accept the <br />family member's certified estimate of income and schedule an interim reexamination in three (3) <br />months. If the family member has been self employed for three (3) to twelve (12) months <br />SARA will require the family to provide documentation of income and expenses for this period <br />and use that information to project income. <br />7-III.C. PERIODIC PAYMENTS AND PAYMENTS IN LIEU OF EARNINGS <br />Social Security/SSI Benefits <br />To verify the SS/SSI benefits of applicants, SARA will request a current (dated within the last 60 <br />days) SSA benefit verification letter from each family member that receives social security <br />benefits. If the family is unable to provide the document(s), SARA will ask the family to request <br />a benefit verification letter by either calling SSA at 1-800-772-1213, or by requesting it from <br />www.ssa.gov. Once the applicant has received the benefit verification letter they will be required <br />to provide it to SARA. <br />To verify the SS/SSI benefits of participants, SARA will obtain information about social <br />security/SSI benefits through the HUD EIV System or the Tenant Assessment Subsystem <br />(TABS) and confirm with the participant(s) that the current listed benefit amount is correct. <br />If the participant disputes the EIV-reported benefit amount, or if benefit information is not <br />available in HUD systems, SARA will request a current SSA benefit verification letter from each <br />family member that receives social security benefits. If the family is unable to provide the <br />document(s) SARA will ask the family to request a benefit verification letter by either calling <br />SSA at 1-800-772-1213, or by requesting it from www.ssa.gov. Once the participant has <br />received the benefit verification letter they will be required to provide it to SARA. <br />~~02~12 Page 7-16 <br />
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