Sometimes referred to informally as “comfort letters,” a typical verification request relates to a client’s pending loan or refinance (verification of self-employment income, statement of net worth), but may also involve employee medical insurance, child adoption applications, accredited investor status, income projection for apartment rental or use-tax certification. In most cases, CPAs are asked to provide written confirmation containing language specified by the requester.

 

Requests from Lenders
The most common request involves mortgage loan applications of self-employed tax return preparation clients. Examples of information requested by lenders and loan brokers include:

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• Confirmation of a client’s self-employment status;

• Verification of income from self-employment;

• Verification of a self-employed borrower’s business ownership percentage;

• Profitability or sustainability of a self-employed client’s business; and

• Possible impact on a self-employed client’s business if money is withdrawn to fund the down payment on a real estate purchase. 

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                                 IF YOU NEED A CPA LETTER WE CAN PROVIDE IT SAME DAY! 

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