How to report your income?

[SpecFile]

I don't know if any of you are in commissioned sales but here goes.  When I apply with a CCC and report my HHI,  should I be reporting what I made last year?  I was in a different line of work last year and didn't make near what I am now.

I am salaried but also make a hefty commission based on sales.  I have been reporting what I will make should my paychecks stay in line with past months. 

EX:  This month 7K, Aug. 7K, July 10K  and so on.  So I took the average paycheck and calculated what year end HHI might be.  Is it ok to report HHI this way on an app.?  I can provide pay-stubs but not tax returns do to being in this line of work for less than a year.

What do you all think?

Thanks in advance.

[MidnightVoice]

---

SpecFile wrote:

I don't know if any of you are in commissioned sales but here goes.  When I apply with a CCC and report my HHI,  should I be reporting what I made last year?  I was in a different line of work last year and didn't make near what I am now.

I am salaried but also make a hefty commission based on sales.  I have been reporting what I will make should my paychecks stay in line with past months. 

EX:  This month 7K, Aug. 7K, July 10K  and so on.  So I took the average paycheck and calculated what year end HHI might be.  Is it ok to report HHI this way on an app.?  I can provide pay-stubs but not tax returns do to being in this line of work for less than a year.

What do you all think?

Thanks in advance.

---

Probably not a problem except with AMEX 

I have never been asked to prove my income

[Anonymous]

---

SpecFile wrote:

I don't know if any of you are in commissioned sales but here goes.  When I apply with a CCC and report my HHI,  should I be reporting what I made last year?  I was in a different line of work last year and didn't make near what I am now.

I am salaried but also make a hefty commission based on sales.  I have been reporting what I will make should my paychecks stay in line with past months. 

EX:  This month 7K, Aug. 7K, July 10K  and so on.  So I took the average paycheck and calculated what year end HHI might be.  Is it ok to report HHI this way on an app.?  I can provide pay-stubs but not tax returns do to being in this line of work for less than a year.

What do you all think?

Thanks in advance.

---

I own my own business and applied based on my current yearly income.  When I was asked for financials, there was a discrpancy in what I appd with because all I had where last years tax returns. Sooo to make a long story short they approved me anyway.  Maybe they figured every SE person underestimates their income for tax purposes. I do write off everything I can but afraid to outright lie.

[SpecFile]

I haven't lied.  If anything I have understated.

[SpecFile]

No joke about AMEX.    If they ever ask, they can see my pay-stubs.  Won't take long to pass their little F/R.