Proof of income here is required at different times in a person’s life. 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. The purpose that is served by proof of income is that the owner of the house wants to be sure that the person that is looking to rent his or her house will be able to pay rent as is required. Instances present themselves where a person does not have proof of income. The lack of a paper trail is the reason why this occurs. The lack of paper trail is mostly because one may not be receiving a steady paycheck. A paper trail is not created when one does odd jobs and receives different payments. Therefore, ways to show proof of income without a paper trail have come up. More information can be accessed here!
One can show proof of income without a paper trail by presenting bank statements. One’s income and withdrawals are shown by the activity of his or her bank account. The amounts and dates in which money comes in and leaves the account of a person are clearly shown in the bank statement. Bank statements will be a good proof of income as long as regular deposits are made into the account. Proof of income will be seen by any person that looks at the bank statement.
Another way in which a person could show proof of income without a paper trail is by presenting a letter from his or her employee. The importance of the employer will be seen in such cases. The purpose served by the employer is that he is she will attest that a person is under his employ and that the person in question regularly receives payment from the employ. 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. For the effectiveness of this, one should document his or her paychecks.
Showing of a person’s tax returns is also a way in which a person could show proof of income without a paper trail. The amount a person earned and the tax that he or she is required to pay is shown in the tax forms. A person needs to keep such forms. Any person that requires proof of income will access all the information he or she needs by looking at these tax forms.