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<title>Exemption supporting Financial Docs?</title>
<link>https://maao.org/forums/posts.aspx?topic=1630081</link>
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<lastBuildDate>Fri, 5 Jun 2026 13:57:45 GMT</lastBuildDate>
<pubDate>Tue, 31 Aug 2021 13:33:42 GMT</pubDate>
<copyright>Copyright &#xA9; 2021 Massachusetts Association of Assessing Officers</copyright>
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<title>Exemption supporting Financial Docs?</title>
<link>https://maao.org/forums/posts.aspx?topic=1630081</link>
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<description><![CDATA[Hi Everyone,

My Board is discussing what to use as Exemption supporting documentation? This came up as an issue last year because a resident reported their 2020 income but provided their 2019 tax information. The problem is using 2yr old income information from taxes as opposed to current information. Also, on the taxes, they don't have to claim VA disability payments as income, however the resident included it as income on the application form which it was hand written and signed (Under penalty of perjury). Therefore the totals were very different one allowed them to qualify for the CPA the other did not. 

We want to remain fair and equitable to all residents however,  how do we do that if the information on the application form and supporting documents are from two different years and don't include the same information. In this case disability income which we feel still counts as income, it may not be taxable income but it is still income which effects if you can afford to pay a tax bill. 

17D/41D we require income and asset documentation from Bank accounts, Social Security, Pensions, Stocks/Bonds, Trusts, etc. (We don't ask for taxes on these)
CPA we only require copy of their 1040 for their Taxes (which does not include disability income) - considering asking for full tax return? (Thoughts) or same as 17D/41D...?

Thanks Everyone.
Meredith Rafiki


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<pubDate>Mon, 30 Aug 2021 15:50:16 GMT</pubDate>
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<link>https://maao.org/forums/posts.aspx?topic=1630209</link>
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<description><![CDATA[Hi Meredith,<br /><br />We request a full tax return.  Without it, you will not know of any assets that the taxpayer did not include on the application.  Income and tax return we look at are from the previous year, meaning for FY2022 we will be looking at income, social security, interest earned, etc. and tax returns from 2020.  If these documents are not supplied, we ask for them.  The application is not complete without all required documents.  If they did not file a tax return, we request a Verification of Non-Filing from the IRS that can be obtain by the taxpayer via online request or phone call.  Of course the bank statements we request as of July 1, 2021.  When we mail out the applications, we include a cover letter and a checklist.  That way, we are requesting the same information from all the residents to qualify.]]></description>
<pubDate>Tue, 31 Aug 2021 14:33:42 GMT</pubDate>
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