Income Verification Letter For Independent Contractor Template
Description
How to fill out Employment Verification Request Letter?
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FAQ
To Whom It May Concern, I am writing to verify [your name]'s income. [He/She] has been employed with our company since [date], and [his/her] current job title is [job title]. As of [date], [his/her] annual salary is [$amount], and this includes any bonuses, commissions, or overtime pay.
My name is [full name] and I am [professional position and how it relates to the employee or former employee]. I'm writing to confirm that [employee name] has worked for [company name] for [length of time worked] as an [employee job title]. [Employee name] earns [hourly, monthly or yearly salary or wages].
Here's how to write an employment verification letter, and the information to include: Employee name. Job title. Job description. Employment dates. Salary (current or past) Reason for termination (if applicable)
Verification letters for independent contractors must, at the very least, specify dates of work, rate of pay, and hours/project fees that have been contracted. This will help verifiers gauge on-going income from the employer in question.
At a Glance: Proof of income for self-employed individuals can be shown through a 1099 form from clients, profit and loss statements, bank statements with regular deposits, previous year's federal tax return, or self-created pay stubs. Proof of income is essential for loans, rentals, and various financial transactions.