Federal income tax

[mergee 0]

Hey everyone! Getting more confused about the information/answer I need regarding item 25 on form I-864. Does my petitioner really need to submit last 3 years of returns? Or just the recent one (2007)? If so, is W-2, latest 2 months paystubs, and Form 1040 acceptable? Im really sorry, but as I was trying to search here for answers, some are really different and so confusing. Thanks very much and God Bless you all.

[Mint518 0]

Hey everyone! Getting more confused about the information/answer I need regarding item 25 on form I-864. Does my petitioner really need to submit last 3 years of returns? Or just the recent one (2007)? If so, is W-2, latest 2 months paystubs, and Form 1040 acceptable? Im really sorry, but as I was trying to search here for answers, some are really different and so confusing. Thanks very much and God Bless you all.

Hi jettyglenn,

Actually, answers to all of your questions are in the instruction to I-864 (relevant portions are cited below).

You

must

provide either an IRS transcript or a photocopy from your own records of your Federal individual income tax return for the most recent tax year.

If you believe

additional returns may help you to establish your ability to maintain sufficient income, you

may

submit transcripts or photocopies of your Federal individual income tax returns for the three most recent years.

If you provide a photocopy of your tax return(s), you

must

include a copy of each and every Form W-2 and Form 1099 that relates to your return(s).

You

may

include evidence supporting your claim about your expected income for the current year

if you believe

that submitting this evidence will help you establish ability to maintain sufficient income. You are not required to submit this evidence, however, unless specifically instructed to do so by a Government official. For example, you may include a recent letter from your employer, showing your employer's address and telephone number, and indicating your annual salary. You

may

also provide pay stub(s) showing your income for the previous

six months

.

So, you can submit the last 3 years of returns if you think that would help, but it is not mandetory (filing the most recent tax return is mondatory). And if you decide to file copy of tax return on hand (not tax transcript), you need to attach W2 and 1099 (if you have). Whether it is better to send 3 years of tax return or just 1 year is enough in your case is individual determination (your current income level and/or whether 2005-2007 return exceeds poverty line, etc.) and we cannot answer.

Copy of paystubs are nothing to do with item 25 on form I-864, but rather relates to item 23 in case of USC spouse (or item 24 if case of foreign spouse). This is also optional (but I highly recommend to send paystabs and/or employer's letter to the extent possible), and if you do, it might be better to submt the copy of 6 months rather than 2 months according to the instruction.

[mergee 0]

thankss.. so i will only include 2007 form 1040 which is his tax transcript and for peace of mind =) ( I hope its the right term) will just include w-2 ,letter of employment and 6 months paycheck. thanks a lot

[Nich-Nick 3,354]

To help with the terms.

A tax transcript is ordered from the IRS and is a printout from their records that basically certifies that it's correct. No other documents go with that.

This is a form to order a transcipt http://www.irs.gov/pub/irs-pdf/f4506t.pdf It is free, can be faxed or called in, and comes very quickly.

A copy of a tax return is everything he sent in when he filed his taxes. Each taxpayer has different situations so it could include more than just a Form 1040. If he had a savings account or investments, there might be a Schedule B that shows interest he earned on his accounts. He would have received 1099-INT statements from his bank(s) to tell him what he earned in interest. In that example a complete tax return would be Form 1040, Schedule B, W2 from employer, and 1099-INT forms from banks.

[mergee 0]

To help with the terms.

A tax transcript is ordered from the IRS and is a printout from their records that basically certifies that it's correct. No other documents go with that.

This is a form to order a transcipt http://www.irs.gov/pub/irs-pdf/f4506t.pdf It is free, can be faxed or called in, and comes very quickly.

A copy of a tax return is everything he sent in when he filed his taxes. Each taxpayer has different situations so it could include more than just a Form 1040. If he had a savings account or investments, there might be a Schedule B that shows interest he earned on his accounts. He would have received 1099-INT statements from his bank(s) to tell him what he earned in interest. In that example a complete tax return would be Form 1040, Schedule B, W2 from employer, and 1099-INT forms from banks.

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