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What is the Employment Verification Form?
Employment Verification Form was made by The Federal and State Low-Income Housing Tax Credit Laws for all owners of projects. They are required to apply the income of their tenants once a year if the project is not a 100 percent tax credit property. Otherwise, they have to apply for recertification of their annual income.
What I need the Employment Verification Form for?
You need this form:
- To state the income of the tenant or the applicant of the low-income housing program;
- Being a project owner, you have to ask the employer of your tenant or applicant to complete the form to certify his/her income;
- To confirm that your project is not the 100 percent tax credit house. If it is so, you have to go through the recertification and discontinue to send the verification of your income.
Filling out Employment Verification Form
The validity time of this form is 1 year. You have to make sure that the date is not expired. You may fill out this form whenever you want. It has 2 sections. The first section must be filled out by an agent or project owner. It must also be signed by the tenant. After this section is complete, the form is sent to the employer of the tenant. Employer completes the second part with the following information:
- Employee personality: name, job title;
- Work Details: salary, hours employee works per one week, overtime if there is one, rate of overtime;
- Differential rate of shifts, bonuses, tips, and commissions;
- Information about the employer: name, address, fax, phone, email.
Organizations that work with Employment Verification Form
- Federal and State organizations;
- The US government.
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Fillable online Employment Verification Form