So, this is one hell of a fuck up and I don't know how to help my SO out of it. She graduated in June, and has been working as a waitress since the weekend she got home. I had her ask how she was payed, and the explanation she got was some complex nonsense (at least hearing it second hand), but the gist of it was that she would be paid by check for her hours and take her cash tips home, unreported. In hindsight, that should've raised my eyebrows.
Regardless, August comes and the income isn't enough, so she gets herself another part time job at a retail store. This is great, she's being considered for a full-time position now, and interviews at the end of the month.
In November, her vehicle took a dump on her, and got to a point where it couldn't go above 50mph, and never run for than an hour. Her payments were higher than she needed to be paying, and it wasn't the first time it had given her issues, so she opted to sell it for enough to pay off her loan and have a small down payment for a new vehicle.
Come new car shopping time, and she has the credit (barely) to get a higher interest loan, but not the income, because all she can prove is the retail job. Our credit union agrees to refinance for her as soon as May, because by then she'll be able to prove the waitressing income and have more time established at job B (now more job A). She agrees to pay 4 months at the higher rate, "knowing" that come may, her payments will be about half of what they are short term. She closed on i yesterday. Not the best decision, but not my decision.
Today, she goes into her restaurant and asks when she can expect to get her tax forms, and the response she receives is "we don't do that here".
So, what is our recourse here? The payments she is making now are unsustainable. Short term it's doable, as her family is helping, but long term it's not, and she is relying on this promised refinance. Is there a way we can still prove this income without a W-2?
EDIT: Upon further investigation, she doesn't even get checks for her hours. Just cash with the noted hours. I don't know the extent to this places record keeping, but it's a one-off, family owned place. There are some employees on the books, but the wait staff is not. She does well to deposit more than 60% of her earnings, as she likes to keep some cash on hand too. Will a 1099-Miscellaneous tax return be enough to "prove" this secondary income for financing purposes
Submitted January 27, 2017 at 07:06PM by fglo11 http://ift.tt/2kcDshI
