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jaybird

Adjusted Gross Income

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I am going thru a visa also.

I am self employed. I plan on using Line 22, for my I-134.

Not line 37, Adjusted Gross Income.

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"He always start the fire here in VJ thread and I believe all people will agree with me about it"

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Filed: Other Country: China
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My income fell into three categories: income earned from a foreign organization (which ended in August 2007), then 1099 (Schedule C self employment) income and subsequently W2 (salaried) income from a single company (in other words, I worked a contract for this company until I was hired by them in November). about $27k of my income (including about 60% of my contract income from this US source) was deducted from my taxable income above line 22 on the 1040.

Currently, I have a $67k/yr salary as a permanent employee with that same employer. This has been the case for about 6 months. By the time I need to submit my I-134, that will be closer to a year. I can verify that number with a letter from them, of course, as well as showing my paystubs.

Naturally, last year's foreign income won't continue this year, but anyone who changed jobs would be in the same situation. The difference is, in their case, that income will still show up on line 22 and in their AGI, whereas mine does not. That's the part that makes a judgment based on line 22 of the tax return silly and unfair.

Hopefully, if my most recent paystub shows that I have earned, say, double the 125% number year-to-date when I submit my I-134, that will be enough.

Sounds like you'll be fine but whether it makes sense to you or not, your foreign income doesn't count on the I-134 unless it would continue from the same source in the USA. That's just the way it is.

Facts are cheap...knowing how to use them is precious...
Understanding the big picture is priceless. Anonymous

Google Who is Pushbrk?

A Warning to Green Card Holders About Voting

http://www.visajourney.com/forums/topic/606646-a-warning-to-green-card-holders-about-voting/

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Filed: K-1 Visa Country: China
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Our lawyer emailed and said they look at adjusted Gross Income. :( I had more tax write offs this year like my huge moving expense across the country in August 2007 as well as medical insurance for 2007 as I was Self Employed. One of the main Reasons I sold my share of the Business and left Michigan and came to California was to be able to provide a better future for Shuyan and I know California has more potential for me and Shuyan.

Thanks for all who have responded I am going to complete all the forms and see what happens. I can only hope I can bring my Shuyan here and start our lives together!

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Filed: Other Country: China
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Our lawyer emailed and said they look at adjusted Gross Income. :( I had more tax write offs this year like my huge moving expense across the country in August 2007 as well as medical insurance for 2007 as I was Self Employed. One of the main Reasons I sold my share of the Business and left Michigan and came to California was to be able to provide a better future for Shuyan and I know California has more potential for me and Shuyan.

Thanks for all who have responded I am going to complete all the forms and see what happens. I can only hope I can bring my Shuyan here and start our lives together!

Lawyer schmawyer, look at schmook at.

When you fill out an I-134 or I-864 you certainly can declare your gross income as your income. Somebody may or may not look at your tax return and if they do, they may or may not key on gross or adjusted gross. On many returns there's little if any difference between the two numbers anyway.

Facts are cheap...knowing how to use them is precious...
Understanding the big picture is priceless. Anonymous

Google Who is Pushbrk?

A Warning to Green Card Holders About Voting

http://www.visajourney.com/forums/topic/606646-a-warning-to-green-card-holders-about-voting/

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Filed: K-1 Visa Country: China
Timeline
Our lawyer emailed and said they look at adjusted Gross Income. :( I had more tax write offs this year like my huge moving expense across the country in August 2007 as well as medical insurance for 2007 as I was Self Employed. One of the main Reasons I sold my share of the Business and left Michigan and came to California was to be able to provide a better future for Shuyan and I know California has more potential for me and Shuyan.

Thanks for all who have responded I am going to complete all the forms and see what happens. I can only hope I can bring my Shuyan here and start our lives together!

Lawyer schmawyer, look at schmook at.

When you fill out an I-134 or I-864 you certainly can declare your gross income as your income. Somebody may or may not look at your tax return and if they do, they may or may not key on gross or adjusted gross. On many returns there's little if any difference between the two numbers anyway.

Well I decided to just move forward and complete the I-134 and keep my fingers crossed! I hope it is enough to show my new income and annualize what I have made thus far since Sept 2007. I am in Sales, I sell commercial trucks here in Silcon Valley San Jose Ca. I can show that I have bank accounts from my Business I left in Michigan. I can also show the deposits from the business and personal accounts. Thanks for the response and your support It helps.

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  • 1 month later...
Filed: Other Country: China
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Re Reading the I-134 will I need to secure a Bond? What sort of Bond is it? Is it Easy to get a Bond?

Thank You

Jay

ANYONE out there? Do I need to Secure a Bond?

No.

Facts are cheap...knowing how to use them is precious...
Understanding the big picture is priceless. Anonymous

Google Who is Pushbrk?

A Warning to Green Card Holders About Voting

http://www.visajourney.com/forums/topic/606646-a-warning-to-green-card-holders-about-voting/

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