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Fuel and Electric Assistance Program Self Employment Information

You are self-employed if you: • Work for yourself in any capacity. Some examples include running errands, selling goods online, delivery services, lawn care, renting property, or providing services and/or freelance work. • Carry on a trade or business as a sole proprietor or independent contractor • Earn rental income from a property (or properties) you own • Are a member of a partnership that carries on a trade or business You can be self-employed working full-time or part-time.

Applicants who are self-employed are required to provide all documentation for the prior 365 days of income. Generally, this can be provided with a complete copy of the current year tax return with all schedules included.

A few notes for self-employed applicants: • Self-employment should be documented through tax statements even if the net profit is negative or $0. If the losses are greater than the profit, the lowest income will be recorded is $0. • Depreciation deductions are not an allowable expense and will be added back into the net profit. • When a business is operated out of a person’s residence, be it owned or rented, staff will be required to use statewide policy to exclude these rooms from household for benefit.

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Page 79

Official source

Fuel and Electric Assistance Program Self Employment Information

You are self-employed if you: • Work for yourself in any capacity. Some examples include running errands, selling goods online, delivery services, lawn care, renting property, or providing services and/or freelance work. • Carry on a trade or business as a sole proprietor or independent contractor • Earn rental income from a property (or properties) you own • Are a member of a partnership that carries on a trade or business You can be self-employed working full-time or part-time.

Applicants who are self-employed are required to provide all documentation for the prior 365 days of income. Generally, this can be provided with a complete copy of the current year tax return with all schedules included.

A few notes for self-employed applicants: • Self-employment should be documented through tax statements even if the net profit is negative or $0. If the losses are greater than the profit, the lowest income will be recorded is $0. • Depreciation deductions are not an allowable expense and will be added back into the net profit. • When a business is operated out of a person’s residence, be it owned or rented, staff will be required to use statewide policy to exclude these rooms from household for benefit.