To find out how much your net worth is, you need to find out how much you own, how much you owe, and your current position in the bank. This could be money from bank accounts, investment accounts, properties, retirement accounts, loans, and any loans you have. This process has to be certified and reviewed in order for your net worth to be legal by any CPA or qualified professional.
What Does “Proving Net Worth” Mean?
Proving your net worth means providing verifiable evidence of your assets and liabilities. Institutions such as banks, courts, immigration agencies, and lenders require documentation—not estimates—to confirm your financial standing.
Your net worth is calculated as: Net Worth = Total Assets – Total Liabilities
To prove this number, you must provide supporting documents for each category.
Documents You Need to Prove Your Net Worth
Proof of Assets
Provide documents showing the value of everything you own:
- Bank account statements
- Brokerage and investment accounts
- Retirement accounts (401(k), IRA, Roth IRA)
- Real estate deeds, valuations, or appraisals
- Cryptocurrency wallet statements
- Business ownership or equity statements
- Vehicles, boats, and collectibles (with valuation reports)
These documents confirm the existence and value of your assets.
Proof of Liabilities
Show documentation of debts or financial obligations:
- Mortgage statements
- Auto loans
- Credit card statements
- Student loans
- Business loans
- Personal lines of credit
These records establish what you owe and ensure the calculation is accurate.
Income and Tax Documentation
While not always required, institutions often ask for:
- Recent pay stubs
- Profit and loss statements (for business owners)
- Federal and state tax returns
- K-1s for partnerships or S-corporations
This helps verify your income stability and financial history.
Do You Need a CPA to Verify Your Net Worth?
For official purposes, yes. A CPA-certified net worth statement is the gold standard for:
- Loan applications
- Immigration sponsorship
- Court cases
- Divorce proceedings
- Business transactions
- Financial disclosures
The CPA reviews your documents, confirms accuracy, and issues a signed certification that institutions accept.
Need Help Proving Your Net Worth?
Dimov Tax provides fast, accurate, CPA-certified net worth statements for legal, immigration, lending, and financial purposes.