Reports a $400,000 net worth but lists no assets (only $5,000 of household goods)
The assets section is marked “N/A”, yet net worth is $400,000. Every asset worth more than $1,000 has to be listed, so about $395,000 of what this filer owns isn't shown. Income is listed from Morgan Stanley, Chase Bank, which suggests accounts there that should appear as assets. 4 amounts are entered as just over the $1,000 reporting line ($1,000, $1,001), which looks like placeholders rather than actual figures.
What to check
- Compare with the filer's other filings: which assets did they list before?
- Which accounts would produce the income listed?
Rule: Net worth with no assets listed
“Describe, and state the value of, each asset you had on the reporting date”2025 Form 6 instructions, Assets ✓ quoted from the saved instructions · how this rule works