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Re: asc asking for profit & loss statement-need advice
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Old 02-26-2008, 03:44 PM
jennifer123 jennifer123 is offline
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Re: asc asking for profit & loss statement-need advice

thank u so much for reponding to my post. i am so overwhelmed right now. i am not sure how i am going to do this proof of income they asked for. is it correct about them wanting a profit and loss on the business and not on us personally. they didnt say anything about sending tax info. they said any of the three items would be fine: copy of paycheck,one month profit and loss, or tax return. our business profit and loss statement is showing an amount of 3,000.00 left over in the business account after all expenses are paid at the end of the month. i am just not sure if they will consider that too much or not enough or will they not even look at that being it is not the business applying for the modification. i appreciate your advice and guidance.
jennifer
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