What the Heck is Happening to Self Employed Homeowners or Homeowners to Be? Some of you may have noticed that lenders are getting tough on self-employed income due to the economic uncertainty tied to COVID. Some business sectors are doing great and others are hit hard. If you are self-employed and considering a refinance or a move, let’s talk first!
Related Article Title: Documenting Income from Sole Proprietor to LLC Question: My client was a sole proprietor for the last 5 years. In January of 2020 he formed an LLC. How do I document his income? Answer: At a minimum, he would at least need one-year returns showing the transition. So, you would need at […]