We have been getting quite a few requests from clients all over the U.S. that need an “Income Projection Letter” certified by a CPA as part of their rental application. This is typically requested of clients that are self-employed, independent contractors, or receive 1099 income. This also is asked from clients who are owners of a single member LLC.
Landlords ask for this letter because self-employment income may be, at times, sporadic or otherwise hard to predict. Since it is a complex task to analyze the income and expenses of a self-employed individual or independent contractor over time, the leasing agent would prefer a CPA to review and create this projection.
Often times clients approach us with a projection already prepared and just need the CPA to “validate” or “certify” the statement. However, the work still needs to be done – all bank statements need to be compared for logical consistency to the income projection. This must also be cross referenced to prior and current tax returns before we can sign off on the projection.
If the contractor also has income from W2, rental real estate, other business ventures, pension, VA items, or other passive activities, this may also need to be broken out on the income projection, depending on the exact format requested by the landlord.
Please contact us anytime if you need assistance with this as we have helped dozens of self-employed individuals get approved on their rental application. You can use the contact form below or email directly to hello@dimovtax.com and we can get to work on your letter.
How would I get a letter like this I need one before January 4th. That’s my deadline for my apartment application.
Hi! Thank you for your message. We will send you an email at this time with instructions. Are you self-employed? Please contact us by phone or email. george@dimovtax.com
I need the same letter immediately for rent application as my husband is self employed. Our deadline is of today 5/06/19 to submit our application for apartment. Is it possibility for your firm to provide it today before 5:00 pm. Thank you
Happy to assist! I will email you about that right away.
I also need that same letter. Please contact me
Hi! I just responded to your inquiry over email. Did you receive my message? It came from george@dimovtax.com.
Hello I need the same letter for an apartment verification. How much would it be to get this form and when?
Great question! The cost depends on how much detail the apartment association wants. We generally complete this sort of work in fewer than two days. I will reach out to you by email with a couple short questions to establish quote and next steps. Much appreciated!
I’m interested in getting a letter of projection for the next 2 years for an apartment. How would I go about getting one and what are the fees?
Hi!
Thank you for your message! Please email is right away at hello@dimovtax.com & we will send you the checklist of items we need in order to get started.