How It Works
Upload Borrower's Tax Returns: Schedule E, Form 1065, and more.
Minute 1: Comprehend & Generate - AngelAi reads the documents and completes a CPA level analysis.
Minutes 2-6: Peace of Mind & Security - AngelAi conducts an extensive regression analysis and seals the results with the AngelAi Warranty.
Ready for Underwriting: Compliant, transparent, and audit-friendly results that help you move ahead confidently.
Unlock Faster Income Calculations
Just upload the documents and ask AngelAi to calculate income.
Get income calculations in minutes, no matter how complex the tax returns.
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Advanced OCR technology accurately extracts data and eliminates manual errors.
No more manual calculations. Handle more files with confidence, maintaining accuracy every time.
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Real World Examples
Scenario 1
Schedule C, 10+ Years in Business, Single-Year Income
QuestionPlease calculate income for our borrower. He is having a 10 years old Schedule C business. I have attached a recent tax return. This will be a Conventional loan.
AngelAi Response
(Warranted and Deterministic)
Income calculation review completed.
Schedule C income: $4,469.75 (Average of 2024)
Scenario 2
1120-S, New Business, Liquidity Test Required
QuestionCan you calculate the income as per 2025 business returns? This is a Conventional loan and it is in operation for less than 5 years.
AngelAi Response
(Warranted and Deterministic)
1120-S Business — LLC: $18,666.67 Monthly income (Average of 2025)
Guideline note: Per agency guidelines, tax returns are required for 2 years.
Business tax returns along with Schedule K-1 are required for year 2024 to calculate final monthly income.
Scenario 3
Two Schedule C Businesses With Mixed Income Trends
QuestionCalculate self employment income for both the Schedule C businesses. This is required for Conventional loan, both the businesses are more than 5 years old.
AngelAi Response
(Warranted and Deterministic)
LLC (Schedule C):$3,948.67 Qualifying income (Average of 2024)
Personal Trainer (Schedule C): Income declined by 58.48% from 2023 to 2024. May not be used.
Underwriter review: Once full submission is received, income from Personal Trainer business will be reviewed with Management to confirm if it can be used for qualification.
Scenario 4
Schedule C and 1120-S With W-2, Mixed Outcome
QuestionBorrower runs two businesses. Please calculate the income from both the businesses. This will be a Conventional loan.
AngelAi Response
(Warranted and Deterministic)
Reinis Marriage and Family Therapy (1120-S): $6,928.75 Monthly income (Average of 2024)
Psychotherapy (Schedule C): Net income reported as $0.00 in 2024 tax return — income cannot be used.
Scenario 5
1120-S Business With Reported Losses, FHA Loan
QuestionCan you calculate income from 1120-S business for FHA loan as per the attached documents?
AngelAi Response
(Warranted and Deterministic)
LLC (1120-S): -$825.25 Business reported a loss in 2024. Monthly loss (Average of 2024)
Scenario 6
1120-S, Established Business, Single-Year Income
QuestionCan you calculate and confirm if self employment income can be considered based on 1 year tax returns? This is required for Conventional loan.
AngelAi Response
(Warranted and Deterministic)
Inc (1120-S): $13,226.83 Monthly income (Average of 2025)
Scenario 7
Schedule C, FHA Loan, Second-Year Return Required
QuestionI have a borrower who is self employed. Tax returns are attached. Please calculate income for the FHA loan.
AngelAi Response
(Warranted and Deterministic)
Schedule C: $138.67 Monthly income (Average of 2024)
Guideline note: Per agency guidelines, two years of tax returns required — 2023 alongside 2024 — to calculate final monthly income.
Scenario 8
Schedule C, Two Years, Income Increase Flagged
QuestionBased on the attached 2 years of tax return please calculate and advise what will be the qualifying self employment income of the borrower for a conventional loan?
AngelAi Response
(Warranted and Deterministic)
Schedule C: $4,893.83 Monthly income (Average of 2024 & 2025)
Anomaly flagged: Significant increase in income from 2024 to 2025. Final income subject to review of full income documents by Expert Underwriter after loan submission.
Scenario 9
Schedule C, FHA, 2024 Return Only
QuestionCan you calculate the qualifying income for my borrower based on the attached 2024 tax return as per FHA loan program?
AngelAi Response
(Warranted and Deterministic)
Schedule C: $4,291.75 Monthly income (Average of 2025)
Guideline note: Per agency guidelines, two years of tax returns required — 2023 alongside 2024 — to calculate final monthly income.
Scenario 10
Self-Employed Driver, Established Schedule C
QuestionI have a borrower who is a Driver, please calculate and provide the final qualifying income based on the attached tax return.
AngelAi Response
(Warranted and Deterministic)
Schedule C: $1,310.67 Monthly income (Average of 2025)
Scenario 11
Eight Businesses Across Mixed Entity Types and Ages — Fully Reconciled
QuestionI have a borrower looking for conventional loan and has 8 businesses. Business tax return is attached for all the 8 businesses, can you please calculate and provide me with the qualifying income for this borrower?
AngelAi Response
(Warranted and Deterministic)
All averages of 2024.
Catering (1120-S): $4,217.52 Monthly income
LLC (1065-K): $0.00 Monthly income
LLC (1065-K): $104.17 Monthly income
LLC (1065-K): $9.75 Monthly income
LLC (1065-K): $740.75 Monthly income
Management (1065-K): $1,367.67 Monthly income
LLC (1065-K): $58.42 Monthly income
LLC (1065-K): $388.42 Monthly income
Guideline notes: 1. LLC: no qualifying income — business started 02/2024. Per agency guidelines, 1 year of income reported on tax return is needed for qualification.
2. LLC: agency guidelines require two years of tax returns. Need 2023 business tax return alongside the 2024 return provided.
Scenario 12
1065 Partnership with Significant Income Decline
QuestionPlease calculate income from 1065 business as per attached documents for Conventional loan.
AngelAi Response
(Warranted and Deterministic)
LLC (1065-K): Income declined by 43.89% from 2023 to 2024 — may not be used for qualification.
Underwriter review: Once full submission is received, income from the business will be reviewed with Management to confirm if it can be used for qualification.
Scenario 13
Schedule C With Significant Income Decline
QuestionCan you calculate the qualifying income for my borrower based on the attached tax return as per Conventional loan program?
AngelAi Response
(Warranted and Deterministic)
Schedule C: $2,330.17 Monthly income (Average of 2025)
Anomaly flagged: Significant decline in income from 2024 to 2025. Final income subject to review of full income documents by Expert Underwriter after loan submission.
Scenario 14
Two Co-Borrowers in Same Business, FHA Loan
QuestionI have 2 borrowers and both are self employed in the same business. Please review the attached 2 years tax return and confirm what will be the qualifying income for both the borrowers on a FHA loan file.
AngelAi Response
(Warranted and Deterministic)
Myra Barber Beauty Salon
$1,627.08 Monthly income (Average of 2024 & 2025)
$1,267.25 Monthly income (Average of 2025)
Anomaly flagged: shows significant decline in cash flow analysis from 2024 to 2025. Borrower to provide LOE explaining the reason. Final income subject to review of full income documents along with LOE by Expert Underwriter.
Scenario 15
Schedule C, Income Decline Over 40%, Two-Year Average Applied
QuestionCan you calculate the qualifying self employment income as per conventional loan file for borrower based on the attached 2 years of tax return?
AngelAi Response
(Warranted and Deterministic)
Services (Schedule C): $820.67 Monthly income (Average of 2024 & 2025)
Anomaly flagged: Significant decline in income from 2024 to 2025. Final income subject to review of full income documents by Expert Underwriter after loan submission.
Scenario 16
1120-S, New Business, FHA Loan
QuestionI have a borrower who has started business in 2024. Can you calculate the income based on the attached 2 years of business tax return as per FHA loan program?
AngelAi Response
(Warranted and Deterministic)
Myra Ba $12,224.17 Monthly income (Average of 2024 & 2025)
Anomaly flagged: Significant increase in income from 2024 to 2025. Final income subject to review of full income documents by Expert Underwriter after loan submission.
Scenario 17
Two Co-Borrowers, Schedule C, Conventional Loan
QuestionCan you calculate the qualifying income for both the borrowers as per attached 2025 tax return? This is a Conventional loan.
AngelAi Response
(Warranted and Deterministic)
Childcare Services
Myra Ba $3,294.57 Monthly income (Average of 2025)
Myra Ba $1,105.00 Monthly income (Average of 2025)
Guideline note: Per agency guidelines, two years of tax returns required — 2024 alongside 2025 — to calculate final monthly income.
Scenario 18
VA Loan, Two Schedule C Businesses, One With Loss
QuestionI have a borrower who is self employed and is looking for a VA loan. Please calculate and provide the qualifying income based on the attached tax return.
AngelAi Response
(Warranted and Deterministic)
Myra BaBabababa
Myra $75.12 Monthly income (Average of 2025)
Myra $23.33 Monthly income (Average of 2025)
Myra$51.79 ($75.12 - $23.33)
Guideline note: Per agency guidelines, two years of tax returns required — 2024 alongside 2025 — to calculate final monthly income.
Scenario 19
VA Loan, Schedule C, Income Decline Flagged
QuestionPlease provide me the qualifying income for this borrower who is self employed and wants to qualify for a VA loan.
AngelAi Response
(Warranted and Deterministic)
Solutions LLC (Schedule C): $6,328.03 Monthly income (Average of 2025)
Anomaly flagged Significant decline in income from 2024 to 2025. Final income subject to review of full income documents by Expert Underwriter after loan submission.
Scenario 20
Two 1065 partnerships, FHA, mixed years and trends
QuestionKindly confirm the qualifying income as per FHA loan for the borrower from the attached business tax returns.
AngelAi Response
(Warranted and Deterministic)
Rocky Mountain Rehab LLC $1,148.30 Monthly income (Average of 2024 & 2025)
Colorado Custom Construction and Remodeling (Kenneth Dargert)$750.29 Monthly income (Average of 2024)
Guideline & anomaly notes: 1. Colorado agency guidelines require two years of tax returns. Need 2025 return alongside the 2024 return provided to calculate final monthly income.
Myra sssssssssssss significant increase in income from 2024 to 2025. Final income subject to review of full income documents by Expert Underwriter after loan submission.
Scenario 21
1065 partnership with reported loss, single-year used
QuestionCan you calculate borrower's business income from the attached latest year business tax return for a conventional loan?
AngelAi Response
(Warranted and Deterministic)
Borrower — Yingtong Gan
Wholesome Wholesale LLC (1065)-$697.50 Monthly income (Average of 2024)
Guideline note: Per agency guidelines, two years of tax returns required — 2024 alongside 2025 — to calculate final monthly income.
Scenario 22
Two businesses, extreme cash-flow swings flagged for review
QuestionI have a borrower who runs two businesses. Please calculate income for both the businesses. (Conventional loan)
AngelAi Response
(Warranted and Deterministic)
Pamela J Knight CoachingIncome declined by 52.51% from 2024 to 2025 — may not be used for qualification.
Lightning Strike Books (1065) $27,423.00 Monthly income Average of 2024 & 2025). Cash flow analysis shows income increased by 591.26% from 2024 to 2025.
Underwriter review: Once full submission is received, both incomes will be reviewed with Management to verify whether Schedule C income can be used for qualification and whether the increase in cash flow analysis for the 1065 business can be justified.
Scenario 23
1120-S with >50% income decline, business-stability check
QuestionCan you calculate income for 1120-S business as per conventional guideline? Documents are attached.
AngelAi Response
(Warranted and Deterministic)
Unlimited Concrete Inc Income declined by 50.18% from 2024 to 2025 — may not be used for qualification.
Underwriter review: Once full submission is received, income from the business will be reviewed with Management to confirm if it can be used for qualification.
Scenario 24
1120-S, FHA, extreme cash-flow increase requires P&L
QuestionPlease confirm qualifying income for self employment business as per attached documents. It will be an FHA loan.
AngelAi Response
(Warranted and Deterministic)
Cargan Do LLC (1120-S) $2,980.83 Monthly qualifying income (Average of 2024 & 2025)
Anomaly flagged: Cash flow analysis increased by 1,896.72% from 2024 to 2025. Profit and Loss statement for current year is required to justify income stability. Income will also be reviewed by Management once full submission is received.
Scenario 25
1120-S, established business, single-year qualifying income
QuestionI want to know the qualifying income for 1120-S business as per 1 year tax return. This is Conventional loan and the business existence is more than 5 year old.
AngelAi Response
(Warranted and Deterministic)
High Point Trucking $9,433.08 Monthly qualifying income (Average of 2025)
Scenario 26
1120-Corporation, FHA, net loss reported across two years
QuestionI have a borrower who is looking for FHA loan. Can you calculate the qualifying income from self employment for the borrower?
AngelAi Response
(Warranted and Deterministic)
M Cox Inc / M Silk Inc -$4.00 Net loss reported for 2023 and 2024. Monthly average loss
Scenario 27
1120-Corporation, FHA, only one year of returns provided
QuestionCan you calculate income from business tax return, as per attached documents? This will be an FHA loan.
AngelAi Response
(Warranted and Deterministic)
NU Beginnings Entry Program $1,161.08 Monthly average for 2023 (Business tax returns received for 2023 only)
Guideline note: This is not qualifying income. In order to calculate qualifying income, please provide business tax returns for year 2024 and 2025.
Scenario 28
1120-Corporation, Conventional, second year still required
QuestionCan you assist in finalizing income from business tax return for Conventional loan?
AngelAi Response
(Warranted and Deterministic)
Pro Builders Chicago Co $233.92 Monthly average income (Business tax return received for 2024)
Guideline note: This is not final income. Per agency guidelines, business tax returns are required for 2 years. Tax return is received for 2024 — please provide 2025 business tax return to calculate the qualifying income.
Scenario 29
1120-Corporation, established business, single-year qualifying income
QuestionPlease provide me the qualifying income for Conventional loan for 1120 business.
AngelAi Response
(Warranted and Deterministic)
Madison Mex Food Inc $9,401.90 Monthly qualifying income (Average of 2025)
Real Stories, Real Impact
Hear from brokers who have experienced firsthand the speed, accuracy, and efficiency of AngelAi.
Six years ago, we set out with a bold vision to automate income calculations and eliminate bottlenecks in the mortgage underwriting process. Today, Angel Income stands as a testament to that vision—transforming a traditionally manual and time-consuming task into a seamless, fully automated process.
With Angel Income, we've set a new standard for the industry, empowering users to deliver faster and more reliable credit decisions.
