What does a tax transcript look like?

[TheirLax 0]

Hi,

My husband and I have been filling out the adjustment of status paperwork, and we're not sure whether the tax documents we have are what is needed for the I-864.

He runs his own business. There's no employees or other owners, just him. He has a Form 1040, including schedule C, showing his income and business details for 2015. No W-2 or 1099. Is this a tax transcript? Will it be enough for the I-864?

Thanks in advance!

[p-ana 933]

Hi,

My husband and I have been filling out the adjustment of status paperwork, and we're not sure whether the tax documents we have are what is needed for the I-864.

He runs his own business. There's no employees or other owners, just him. He has a Form 1040, including schedule C, showing his income and business details for 2015. No W-2 or 1099. Is this a tax transcript? Will it be enough for the I-864?

Thanks in advance!

Sounds it's his tax return, not the transcript. He can go to this link and get his https://www.irs.gov/individuals/get-transcript

[TheirLax 0]

Thanks p-ana!

He's ordered a transcript but it looks like it will take a while to arrive, sadly.

I know the I-864 instructions say we can use a tax return instead of a transcript - do you know if just the 1040 would be accepted? From my very limited googling it sounds like he shouldn't have any W-2s or 1099 given his current work situation, and that the 1040 and schedule C might be his entire tax return.

[p-ana 933]

Thanks p-ana!

He's ordered a transcript but it looks like it will take a while to arrive, sadly.

I know the I-864 instructions say we can use a tax return instead of a transcript - do you know if just the 1040 would be accepted? From my very limited googling it sounds like he shouldn't have any W-2s or 1099 given his current work situation, and that the 1040 and schedule C might be his entire tax return.

It would have to be all papers from the return. I have little to no knowledge on USA taxes, so Im sorry I can't help much. The tax transcripts took less than a week to arrive last time my husband got them, so if you could wait, that would be best to go with the i864

[Nich-Nick 3,353]

Form 1040 is the main tax form. Then each filer can have any number of schedules or other forms depending on their situation. Schedule C is profit and loss from a business so yes that's part of the tax return. He probably also has schedule SE which is self-employment tax and basically covers his contributions to Social Security since he doesn't have an employer holding out Social security and Medicare. If he earns any interest from a bank account for example, he would have a schedule B. All of that makes up his complete tax return. You are correct he would not have a W-2 because he doesn't have an employer and the only reason he would have a 1099 is if he is a self-employed contractor.

[Ebunoluwa 6,136]

Thanks p-ana!

He's ordered a transcript but it looks like it will take a while to arrive, sadly.

I know the I-864 instructions say we can use a tax return instead of a transcript - do you know if just the 1040 would be accepted? From my very limited googling it sounds like he shouldn't have any W-2s or 1099 given his current work situation, and that the 1040 and schedule C might be his entire tax return.

They are really tough on just 1040 copies and often RFE for the official tax transcripts for self employed.

Transcripts usually arrive in 7-10 days.

We had an RFE and you can read about our fiasco here and get some ideas on how to assemble supporting evidence.

http://www.visajourney.com/forums/topic/552769-aos-rfe-self-employed/