8.100.130.25 NMAC

Section 25. Financial Verification Standards - Earned Income

Last amended: 2024Year: 2024Length: 225 wordsOfficial source
A. Wages and salaries: Documents which may be used to verify current wages and salaries include: (1) wage stubs; (2) written statement from the employer; (3) additional items as listed in ISD 135, “proof checklist”; or (4) if documentary evidence is not readily available or is questionable, a collateral contact with the employer may be selected as verification of wages and salaries or use other acceptable methods of verification as set forth in 8.100.130.9 NMAC. B. Self-employment: Verification of required tax and employer identification numbers, and tax- related and employer-related forms that the applicant/recipient was required to file is mandatory. It may not be possible to verify self-employment income through any single document. Documents which are used to verify self- employment income include: (1) required state and federal tax and employer identification numbers; (2) required federal and state tax forms for the current and prior tax year, including state and federal income and employer wage reporting and withholding reporting forms, gross receipts and occupation tax reporting forms; (3) bills which indicate self-employment costs; (4) other papers showing income and business expenses; (5) all required business and occupation licenses; (6) completed personal wage record; (7) additional items as listed in ISD 135, “proof checklist”; or (8) if documentary evidence of non-mandatory documents is not readily available, use other acceptable methods of verification as in 8.100.130.9 NMAC.
8.100.130.25 NMAC: Section 25. Financial Verification Standards - Earned Income | Justis AI