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FS stands for Financial Statement.
The past three years federal and state income tax returns; intangible personal property tax returns; corporate, partnership, or trust tax returns; as well as sales tax returns for any entity the spouse has an interest in. All loan applications and financial statements provided to third parties.
The divorce financial statement is a form that lists all assets and liabilities of each person involved in the divorce. Each person must fill one out their portion and submit it to the court in order to explain their financial situation to the court.
5 Tips for an Accurate Financial Statement in a Divorce Do not estimate your monthly expenses. Make sure you account for all income. Report assets at their proper fair market value. Make sure all the assets and liabilities are accounted for. Update your financial statement.
How To Fill Out the Personal Financial Statement Step 1: Choose The Appropriate Program. Step 2: Fill In Your Personal Information. Step 3: Write Down Your Assets. Step 4: Write Down Your Liabilities. Step 5: Fill Out the Notes Payable to Banks and Others Section. Step 6: Fill Out the Stocks and Bonds Section.
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Primary tabs. Financial statements are reports that contain and summarize financial and accounting information about a business and that provide information regarding the financial position and performance of an entity throughout a specific accounting period (commonly a calendar year).
5 Tips for an Accurate Financial Statement in a Divorce Do not estimate your monthly expenses. Make sure you account for all income. Report assets at their proper fair market value. Make sure all the assets and liabilities are accounted for. Update your financial statement.
During divorce proceedings, the Statement of Net Worth outlines each partys income, assets, expenses and outstanding debts. Failure to disclose assets at this stage can have serious consequences.

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