(b) “income from employment” means all of your salaried and self-employed income. On an annual basis, this amount is currently the sum of line 7 and line 12 of IRS Form 1040 or line 1 of IRS Form 1040EZ on U.S. Federal Income Tax Returns. Where applicable, “income from employment” includes all income recorded in a joint income tax return, less, if we are, all income generated exclusively by your spouse. At our discretion, we may estimate your business income using documents other than your U.S. income tax return, provided that the documentation is another verifiable source acceptable to us. 9. Verification of your tax returns. For the fiscal year in which your payment term begins, until the fiscal year in which your payment term expires, you agree to file your U.S. Confederation income tax returns no later than April 15 of the following year. You agree to notify us of any extension you are applying for the filing of Federal income tax returns.
In addition, upon request, you agree to sign and file IRS Form 4506-T or Form 4506T-EZ (or an Estate Form) within sixty (60) days of our request, and we are designated as recipients of your tax returns for returns for all years of your payment goal. You agree to apply similar requirements or procedures to the tax administration of another country of application. (i) a copy of an employee or a letter from your employer containing your salary information, a self-employment contract, a consulting contract, a good faith estimate of your self-employment income for the current calendar year (as well as documentation of the basis of your estimate) or another verifiable source acceptable to us (“informal income documentation”) for each source of income; or (f) periodic adjustment of monthly payments. If you are not in a deferral state, you will inform us of the evolution of your monthly activity income within thirty (30) days of the change and we will send updated documents on informal activity income as soon as they are available to you. If you send us informal income documentation, we receive your monthly payments.