HA Item 05 -Update to the Housing Choice Voucher Administrative Plan

Home Browse Search

Administrative Plan 7/1/2025 Page 7-34 7-III.B. BUSINESS AND SELF EMPLOYMENT INCOME The PHA must obtain written, third-party verification when the income type is not available in EIV. This includes income from self-employment. SAHA Policy Business owners and self-employed persons will be required to provide one or more of the following forms of verification: A statement of business income and expenses verified for accuracy by the business owner(s) or self-employed person(s). SAHA will provide a format for any person who is unable to provide such a statement to record income and expenses for at least the last three months – including receipts, or other approved verification of the expense. The business owner/self-employed person will be required to submit the information requested and to certify to its accuracy at all future reexaminations. If the receipts or other approved verification of the expense is not provided, then SAHA will not allow the expense deduction. Income tax returns with corresponding official tax forms and schedules attached and including third-party receipt of transmission for income tax return filed (i.e., tax preparer’s transmittal receipt, summary of transmittal from online source, etc.). If accelerated depreciation was used on the tax return or financial statement, an accountant's calculation of depreciation expense, computed using straight-line depreciation rules. IRS Transcript For self-employed individuals who claim they do not have to file tax returns, SAHA will obtain a completed copy of IRS Form 4506-T to verify that no return has been filed. For those employed in “gig employment” (i.e., those in formal agreements with on- demand companies such as Uber, Lyft, or DoorDash), SAHA will review the printed statement of monthly income from the applicable app for all hours worked and pay received as well as the Schedule C of the individual’s tax return and the corresponding IRS Form 1099 or 1099k. SAHA may also provide a format for the individual to declare their income and expenses for at least the last three months, including receipts or verification of the expenses. If the receipts or verification of the expenses is not provided, then SAHA will not allow the expense deduction. SAHA will provide a format for any person who is unable to provide such a statement to record income and expenses for the coming year. The business owner/self-employed person will be required to submit the information requested and to certify to its accuracy at all future reexaminations. At any reexamination SAHA may request documents that support submitted financial statements such as manifests, appointment books, cash books, or bank statements. EXHIBIT 1