Business & Financial Solutions
Business & Financial Solutions
TAX HELP SERVICE AND PREPARATION
(855) 557-2222
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CPA Letter for Apartment Rental or Home Purchase

There has been an increasing trend of banks, landlords, and/or lenders asking self-employed individuals for letters from a CPA to verify, certify, vouch for, or attempt to estimate the applicant’s income. This income statement is then assessed by the lender when determining whether the loan should be approved. Some examples of requests (variable wording but roughly the same request) include:

  • CPA-certified letter projecting income
  • CPA letter verifying income is consistent with prior years
  • CPA verification of employment
  • CPA verification of income
  • Financial projection/estimate
  • CPA Income Projection
  • 12 or 18-month Income Projection
  • A financial statement signed by CPA
  • Statement of Net Worth

Sometimes, the lender also requests this CPA letter to be notarized (the CPA must sign in front of a notary).

With the right disclaimer, it is possible to both meet the paperwork and compliance needs of the bank while also preserving the integrity of the CPA.

The types of persons being asked for such types of letters include:

  • Contractors
  • Those paid on 1099
  • Persons owning a single-member LLC or other small business
  • Freelancers
  • Self-employed individuals

Contact Us today and we can assist you.

Office Locations In Maryland

5100 Buckeystown Pike Ste 250, Frederick, MD 21704

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17 W Jefferson St Ste 007, Rockville, MD 20850

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Office Location In Virginia

7918 Jones Branch Drive, Ste 405, Tysons VA 22102

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Office Location In Texas

101 E. Park Blvd, Suite 600 Plano TX 75074

About BFS

Visit us in McLean Virginia, Frederick or Rockville, Maryland (Washington DC Metro Area)or Plano Texas

Phone toll free: (855) 557-2222
Fax: (240) 297-1054
E-mail: info@bfswebsite.com

Business & Financial Solutions is a tax and accounting CPA firm. Our offices are located in Fairfax County, VA, Collin County and Denton County, TX, Montgomery and Frederick Counties, MD. Our company is highly motivated in helping individuals and companies (private and non-profit) become successful in start-ups. BFS offers assistance with ongoing small to mid-size business management, consulting, accounting and a variety of tax services.

Maryland, Virginia, Washington DC, Texas
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