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Filling out va 5655 Form: What You Should Know

VAC, Office of Veteran Affairs Instructions: Faxed forms take 1-2 business days to process, while mailed forms can be received in 4-10 working days to expedite the review and processing of disability claims. Frequently Asked Questions (FAQs) about VA Form 5655 I want to report on my monthly income. How much should I report? The amount of your monthly income should be based on your annual adjusted income. If you want to apply to the VA for a waiver of collection, you are supposed to include a statement saying so in your financial status report. A statement by you must be filed at least one month prior to the statement being presented to the debt manager or the VA. How are the financial statements calculated? The total of monthly income and total debts is based on the average monthly income and monthly debts. The amount you do not owe is adjusted for inflation to the current year's average per capita income and per capita debts to reflect inflation. What about a special report? Some disability claims require more detailed information about your expenses, such as the value of your personal property, the cost of your medical appointments related to your injury or illnesses, and whether you have other types of medical expenses that you could benefit from an income maintenance loan. This special report must be completed prior to the statement being presented to the debt manager or the VA. When should I file my statement? You should file your statement at least one month prior to the statement being presented to the debt manager or the VA. What happens if I miss filing my statement? If the statement is not filed at least one month before that statement to be presented to the debt manager or the VA, and does not accurately reflect your financial status, the statement is considered inane. Do I need to file my statement in the proper format and print the correct page? Yes. Your financial statement must be in the form of either a free printable PDF file or a paper form. The printable PDF form should print to a page large enough to fill two half-sheets of paper. In addition, all pages and lines on the form must be printed in the same style and font. All the pages and lines of the form must be printed with the same typeface and size. What is a “free” printable PDF file? A free printable PDF file is free of charge but has certain limitations: No picture is placed on the page, only text.

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