current finances

[Vikki_Phil 0]

I hope I am going about this right with the forums.

I think I might have a problem with my income for this year. I was laid off work in February of 2007 and only had a few odd jobs and private pay homecare patients. I have the understanding that unemployment benefits are not allowed to determin if I am at 125% of poverty.

I just recently was hired as a long distance driver for our cities transit system ,but, until I get my CDL it is low pay and I have not yet got a full paycheck. my hours will improve as soon as I get my CDL license since they will put me on a fixed bus route. I have hopes of getting that license withen a couple of weeks. Will they accept this explanation and figure what my future income will be?

also will they take into consideration what my past tax statements show. Not including this past year which has not been filed yet, I was well above the 125%.

I was also told they will take into consideration my asset's like the equity in my home and my vehicles, etc. is this true?

I am getting nervous since we just had signs of life from uscis and see that we have been touched 2 times.

thank you so much for any answers you have.

patiently waiting for my gwapa Vikki

[YuAndDan 153]

Only liquid assets that you can get your hands on easily will they consider for assets, equity in home is not a liquid asset.

Past year is what they look at for IRS data so if interview falls before the 2007 IRS filing deadline you may be able to get by using 2006 return, if not, you will need to provide proof of current income, like pay stubs, and employer letter.

Also assets can be used to make up a shortfall in income from the povertyline. Assets are worth only 1/3 income, so if income falls 1000 below 124% povertyline then 3000 in assets need to be shown.

It is a ####### shoot if Manila will accept an I-134 from a "Co-sponsor"

[Usui Takumi 1,562]

Hmm this brings up a good question, the last two years i filed as a bona fide resident of the UK, as i will do this year as well (only been in the us 4 months). So i assume they will still recognize my pay from the last two years? I have a job in the us currently.

[gwenneh 7]

Foreign income won't be counted, no. So if all of your income was UK-based, it won't be counted.

[YuAndDan 153]

Hmm this brings up a good question, the last two years i filed as a bona fide resident of the UK, as i will do this year as well (only been in the us 4 months). So i assume they will still recognize my pay from the last two years? I have a job in the us currently.

They will be more concerned with your current income, income stream needs to continue after the K-1 is used and prospective immigrant enters the USA.

UK is a bit unique, the prospective immigrant can also provide assets and proof of income to show that they them self will not become a charge of the states. SEE: http://london.usembassy.gov/cons_new/visa/iv/faffidavit.html So they could be their own "Co-Sponsor"

[Vikki_Phil 0]

Only liquid assets that you can get your hands on easily will they consider for assets, equity in home is not a liquid asset.

Past year is what they look at for IRS data so if interview falls before the 2007 IRS filing deadline you may be able to get by using 2006 return, if not, you will need to provide proof of current income, like pay stubs, and employer letter.

Also assets can be used to make up a shortfall in income from the povertyline. Assets are worth only 1/3 income, so if income falls 1000 below 124% povertyline then 3000 in assets need to be shown.

It is a ####### shoot if Manila will accept an I-134 from a "Co-sponsor"

Thanks for you response.

As far as the tax papers, that is what I am hoping for. I made, probably, $10,000 over poverty in 2006. I don't think I will be able to come up with enough proof to go it on my own. It is looking like I will probably need a co-sponsor. Just my luck I get laid off right at the time I find the one I have been searching for all my life .

[rebeccajo 14]

Does Manila want to see that last year tax return? It's technically not required for the I134. Are they not more concerned with the present situation?

Research your consulate for clear answers to these questions.

It's also a 'misnomer' that Manila won't approve co-sponsors. They won't take co-sponsors who aren't somehow 'vested' in the couple. But they do take affidavits from family members.

[YuAndDan 153]

Does Manila want to see that last year tax return? It's technically not required for the I134. Are they not more concerned with the present situation?

Research your consulate for clear answers to these questions.

It's also a 'misnomer' that Manila won't approve co-sponsors. They won't take co-sponsors who aren't somehow 'vested' in the couple. But they do take affidavits from family members.

Manila specificicaly treats the I-134 like a mini I-864 and request similar financial evidence.

k. EVIDENCE OF SUPPORT. You should be able to demonstrate that you will not become a public charge or be a burden on the U.S. taxpayers for financial support. Submit your petitioner’s most recent U.S. Federal income tax return (Form 1040) and wage statements (Form W-2). Employment letters stating salaries and bank statements may be included. A completed I-134 Affidavit of Support Form will be useful to the consular officer to evaluate your petitioner’s ability to be financially responsible for you.

http://manila.usembassy.gov/wwwfivk1.pdf

[Vikki_Phil 0]

What do you think are the chances of approval of finances with a letter from my employer stating my current wage and my future with them? The wage I will be making will put me just above the 125%, but, I also take care of 3 homecare patients, which I claim on income tax, that will add another 7,000 over. I have been taking care of these patients for about 13 years, so, it is not a temporary thing.. Also like I said before my 04/05/06 tax returns show well above the 125%.