IMPORTANT: FILL IN FORM MUST BE DOWNLOADED ONTO YOUR COMPUTER PRIOR TO COMPLETING (ET+) 02-22 OFFICIAL USE ONLY REV-488 STATEMENT OF FINANCIAL CONDITION FOR INDIVIDUALS If additional space is needed, attach separate sheet SECTION I TAXPAYER INFORMATION MM/DD/YYYY Start Taxpayer’s Name Date of Birth SSN Ü Taxpayer’s Street Address City County State ZIP Code Spouse’s Name (if applicable) Date of Birth SSN Spouse’s Street Address (if different from above) City County State ZIP Code Phone Number Marital Status Number of Exemptions Claimed on W-4 SECTION II EMPLOYMENT INFORMATION Employer or Business Name Employer or Business Street Address City County State ZIP Code Business Phone Number Occupation Paydays Fill In Appropriate Oval Wage Earner Partner Sole Proprietor Spouse’s Employer or Business Name Employer or Business Street Address City County State ZIP Code Business Phone Number Occupation Paydays Fill In Appropriate Oval Wage Earner Partner Sole Proprietor SECTION III PERSONAL INFORMATION Name of Next of Kin or Other Reference Phone Number Next of Kin or Other Reference Street Address City County State ZIP Code Dependents Living in Your Household (exclude husband and wife) AGE RELATIONSHIP AGE RELATIONSHIP Reset Entire Form TOP OF PAGE PAGE 1 NEXT PAGE PRINT |
REV-488 (ET+) 02-22 SECTION IV GENERAL FINANCIAL INFORMATION Latest PA Income Tax Return Filed (Tax Year) Adjusted Gross Income on Return Bank Accounts (include Savings and Loans, Credit Unions, IRA and KEOUGH accounts, Certificates of Deposit, etc.) NAME OF INSTITUTION ADDRESS TYPE OF ACCOUNT ACCOUNT NUMBER BALANCE $ $ $ $ TOTAL (Enter in Section V, Line 2) $ Bank Charge Cards, Lines of Credit, etc. TYPE OF ACCOUNT NAME AND ADDRESS MONTHLY CREDIT LIMIT AMOUNT OWED CREDIT AVAILABLE OR CARD OF FINANCIAL INSTITUTION PAYMENT $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ TOTAL (Enter in Section V, Line 8) $ $ $ $ Safe Deposit Boxes Rented or Accessed (list all locations, box numbers and contents) BOX NUMBER SAFE DEPOSIT BOX LOCATION CONTENTS Real Estate Property REAL PROPERTY DESCRIPTION TYPE OF OWNERSHIP ADDRESS (INCLUDE COUNTY AND STATE) a. b. c. d. Life Insurance NAME OF LIFE INSURANCE COMPANY POLICY NUMBER TYPE FACE VALUE AVAILABLE LOAN VALUE $ $ $ $ $ $ $ $ Reset Entire Form PREVIOUS PAGE PAGE 2 NEXT PAGE PRINT |
REV-488 (ET+) 02-22 SECTION IV GENERAL FINANCIAL INFORMATION (cont.) Additional Information (court proceedings, bankruptcies, repossessions, recent transgers of assets for less than full value, anticipated increases in income, condition of health, etc., include information on trusts, estates, retirement plans, etc., on which you are a participant of beneficiary) SECTION V ASSET AND LIABILITY ANALYSIS (A) (B) (C) (D) (E) ASSET OR LIABILITY DESCRIPTION CURRENT MARKET LIABILITIES AMOUNT OF MONTHLY VALUE BALANCE DUE PAYMENT 1. Cash $ 2. Bank Accounts $ 3. Stocks, bonds, investments $ $ $ 4. Cash or loan value of insurance $ $ $ 5. Vehicles (model, a. $ $ $ year, license) b. $ $ $ a. 6. Real Property $ $ $ b. $ $ $ a. 7. Other Assets $ $ $ b. $ $ $ 8. Bank Revolving Credit $ $ $ a. 9. Other Liabilities $ $ $ (include judgements, notes and other b. $ $ $ charge accounts) c. $ $ $ 10. Federal Taxes Owed $ $ $ 11. State Taxes Owed $ $ $ 12. TOTALS $ $ $ Reset Entire Form PREVIOUS PAGE PAGE 3 NEXT PAGE PRINT |
REV-488 (ET+) 02-22 SECTION VI INCOME AND EXPENSE ANALYSIS PART A - INCOME SOURCE GROSS NET 13. Wages/Salary (Taxpayer) $ $ 14. Wages/Salary (Spouse) to be completed if you are married even if your spouse is not liable for the tax. This information is necessary in order for the Department of Revenue to calculate household income and expenses. $ $ 15. Interest - Dividends $ $ 16. Net business Income (from Form REV-484 or REV-488) $ $ 17. Rental Income $ $ 18. Pension (Taxpayer) Source: $ $ 19. Pension (Spouse) Source: $ $ 20. TOTAL $ $ PART B - NECESSARY LIVING EXPENSES 21. Rent/House Payment $ 22. Groceries $ 23. Allowable Installment Payments $ 24. Utilities $ 25. Transportation $ 26. Insurance $ 27. Medical $ 28. Estimated Tax Payments (federal-state) $ 29. Other Expenses (specify) $ 30. TOTAL $ 31. Net Difference (income less necessary living expenses) $ SECTION VII CERTIFICATION Under penalties of perjury, I declare that to the best of my knowledge and belief this statement of assets, liabilities and other information is true, correct and complete. MM/DD/YYYY Print Name Signature Date SIGN AFTER PRINTING Spouse, Attorney or Accountant Print Name Spouse, Attorney or Accountant Signature (POA Attached) Date SIGN AFTER PRINTING Reset Entire Form PREVIOUS PAGE PAGE 4 NEXT PAGE PRINT |
Instructions for REV-488 REV-488 IN (ET+) 02-22 Statement of Financial Condition for Individuals Report insurance information as verified through your GENERAL INFORMATION insurance agent. The Statement of Financial Condition for Individuals ADDITIONAL INFORMATION provides the Pennsylvania Department of Revenue with credit and statistical information that will be utilized in Report any extraordinary situations, such as recent transfers evaluating an individual’s financial status. Every line of the of assets, court proceedings and anticipated changes in financial statement must be completed and should reflect employment. accurate information and amounts. If a line is not applicable to you, respond "N/A". An incomplete Statement of Financial SECTION V Condition for Individuals will not be considered. ASSET AND LIABILITY ANALYSIS The Statement of Financial Condition for Individuals is This section resembles a balance sheet and should reflect presented in six sections. Instructions are provided only for accurate amounts for assets owned and debts owed. lines requiring clarification. Most of the requested items are self-explanatory and need no further interpretation. LINE 1 LINE INSTRUCTIONS CASH Report actual cash on hand, not cash in banks or other SECTION I financial institutions. TAXPAYER INFORMATION LINE 5 Please verify the Social Security numbers reported. VEHICLES SECTION II Report the current market value of your vehicle(s) as EMPLOYMENT INFORMATION determined in an automobile blue book or by other property This section should report all full-time and/or part-time valuation sources. employers that currently make payment(s) to you in the form of wages, salaries and/or commissions for services LINE 7 performed. You may provide attachments if necessary. Report other assets such as furniture, recreational vehicles, SECTION III recreational or hobby tools, machinery and equipment and miscellaneous household assets. PERSONAL INFORMATION Provide personal and household information regarding you, LINE 9 your spouse and/or your dependents. Report all other liabilities and debts owed for medical bills, dental bills and educational expenses, including any formal SECTION IV promissory note, loan arrangement or financial obligation GENERAL FINANCIAL INFORMATION currently assigned to you. All information furnished in this section should be verified for accuracy. The department may conduct an inquiry to LINES 10 - 11 substantiate this information. FEDERAL/STATE TAXES OWED BANK CHARGE CARD Include any line of credit available to you from a company credit Report all delinquent federal and state taxes. union. LINE 12 REAL PROPERTY Report all business real estate holdings as well as your TOTALS personal residence. Report totals for all entries made in each column. www.revenue.pa.gov REV-488 1 RETURN TO FORM PREVIOUS PAGE NEXT PAGE PRINT |
SECTION VI LINE 23 MONTHLY INCOME AND EXPENSE ANALYSIS Report allowable installment payments, the minimum Report all sources of income, both gross and net, earned payments on secured or legally perfected debts (car and/or received on a monthly basis and all sources of payments, judgments, etc.). Do not include payments on necessary living expenses paid and/or incurred on a monthly encumbered assets (boats, recreational vehicle, etc.), basis. Additional lines have been provided for reporting which are not necessary living expenses. income and/or expense items not already itemized in Section V. Each entry should be verified for accuracy. The LINE 30 department may request supportive documents to substantiate this information. TOTAL Report total expenses from all liability sources identified LINES 13 - 14 under Lines 21-29. WAGES/SALARY SECTION VII Report gross and net income figures obtained from all of CERTIFICATION your wage statements. If you are paid on a weekly basis, multiply your weekly gross and net salary by 4.3 to arrive at Signature by you, your spouse or your attorney/accountant your monthly gross and net income. (POA attached), certifies that statements and entries contained in the Statement of Financial Condition for LINE 20 individuals and/or accompanying schedules are correct to the best knowledge and belief of the undersigned. TOTAL INCOME Provide your signature along with the date your signature Report total income, both gross and net, from all income was posted. If a joint income tax return was filed, your sources identified under Items 13-19. spouse’s signature must also be provided. LINES 21 - 29 NECESSARY LIVING EXPENSES Report accurate amounts for expenses verified by examining your checkbook for the last six months. 2 REV-488 www.revenue.pa.gov RETURN TO FORM PREVIOUS PAGE PRINT |