U.S. Department of Housing and Urban Development Office of ...
U.S. Department of Housing and Urban Development
Office of Housing Counseling
Understanding Self-Employment for Income Verification March 24, 2015 12:00 PM
Facilitated by
Booth Management Consulting, LLC
7230 Lee Deforest Drive, Suite 202, Columbia, MD 21046
FACILITATED BY: Robin Booth, CPA
2
Training Topics Definitions and Terminology Self-Employed vs. Employee Computing Self-Employed
Income Questions
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DEFINITIONS AND TERMINOLOGY
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Definitions and Terminology
? Self-Employed (Independent Contractor) ? Employee ? Income ? Expense ? Costs of Goods Sold/Sales ? Net Income/Loss ? Profit and Loss Statement and Balance
Sheet ? Adjustments and Add Back ? Relevant Tax Forms
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