Many of our applicants and members are self-employed, and we’re here to guide you through the application process and any documentation requirements!
Because self-employment can take many forms, the documents we request may vary. When completing your application, select the Self-Employed option. Our system will then prompt you to choose the category that best matches your self-employment.
Tax Return Requirements
If you upload tax documents on or after April 15, you must provide tax returns for:
- The most recent completed year, and
-
The year prior to that
-
Example: If today’s date is April 30, 2025, you would need to submit:
- 2024 tax return (previous year)
- 2023 tax return (two years prior)
-
Example: If today’s date is April 30, 2025, you would need to submit:
Please note:
- Tax return extensions are not accepted.
- All submitted tax returns must already be filed with the IRS.
Additional Documentation
In some cases, you may also be asked to provide your last three bank statements to verify self-employment income.
Type |
Documents Required |
|
Sole Proprietor OR Independent Contractor |
Most recent returns that have been filed for the last two years. Filed Schedule Cs from Form 1040, Federal Tax Returns
https://www.irs.gov/pub/irs-pdf/f1040.pdf Form 1040 Schedule C - Profit & Loss: |
| S-Corp |
Most recent returns that have been filed for the last two years. Filed K-1 from Form 1120S, Federal Tax Returns If you receive wages from the company, most recent two years W-2s
https://www.irs.gov/pub/irs-pdf/f1120ssk.pdf Form 1120-S: 1125-E Form: |
| Partnerships |
Most recent returns that have been filed for the last two years.
Filed K-1 from Form 1065, Federal Tax Returns AND If you receive wages from the company, most recent two years W-2s |
|
Corporation Less than 25% ownership |
Most recent pay stub |
|
Corporation Greater than 25% ownership |
Most recent returns that have been filed for the last two years.
Filed Form 1120 business tax returns AND Most recent 2 years' W-2s and/or 1099s
1120 Form: 1125-E Form: Schedule G Form 1120: |
|
Non-Profit Officer or Director |
Most recent returns that have been filed for the last two years.
Filed Form 990Most recent paystub AND 2 years' W2s |
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