Jump to content
magmay06

How do you compute annual income?

 Share

7 posts in this topic

Recommended Posts

Filed: K-1 Visa Country: Philippines
Timeline

My fiance's company gave him a certificate of employment stating his income for year 2009, but the income reflected in his tax was different.which figure should we put in the annual income part of affidavit of support?

Link to comment
Share on other sites

My fiance's company gave him a certificate of employment stating his income for year 2009, but the income reflected in his tax was different.which figure should we put in the annual income part of affidavit of support?

Any idea why the two are different?

Link to comment
Share on other sites

You should go by what you told the IRS - since this is the evidence you are using to back up your statements for the AoS.

As Otto asked, you may be asked why they are different.

My Advice is usually based on "Worst Case Scenario" and what is written in the rules/laws/instructions. That is the way I roll... -Protect your Status - file before your I-94 expires.

WARNING: Phrases in this post may sound meaner than they were intended to be. Read the Adjudicator's Field Manual from USCIS

Link to comment
Share on other sites

Filed: Other Country: China
Timeline

You should go by what you told the IRS - since this is the evidence you are using to back up your statements for the AoS.

As Otto asked, you may be asked why they are different.

Reading the tax return will explain why the figures are different but it is common for 2009 line 22 total income from a 1040 would be different from current income. The difference is not a discrepancy. Possible reasons...

1. Got a raise in pay

2. Employment letter doesn't include discretionary year end bonus

3. Investment or casualty losses

4. Worked only part of last year

5. Declared additional self-employment income

6. Loss from business or real estate activity

...and the list can be much longer.

Only the self-employed use last year's tax return as the basis for stating current income even in the cases where the numbers ARE the same.

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/

Link to comment
Share on other sites

Filed: K-1 Visa Country: Philippines
Timeline

Reading the tax return will explain why the figures are different but it is common for 2009 line 22 total income from a 1040 would be different from current income. The difference is not a discrepancy. Possible reasons...

1. Got a raise in pay

2. Employment letter doesn't include discretionary year end bonus

3. Investment or casualty losses

4. Worked only part of last year

5. Declared additional self-employment income

6. Loss from business or real estate activity

...and the list can be much longer.

Only the self-employed use last year's tax return as the basis for stating current income even in the cases where the numbers ARE the same.

Thank you for your reply pushbrk.My fiance is on a 1099. So I understand..

Link to comment
Share on other sites

Filed: Citizen (apr) Country: Ukraine
Timeline

Thank you for your reply pushbrk.My fiance is on a 1099. So I understand..

His income is how much he is making and how much he can document. A person may have several sources of income and some may be non-taxable and not even included on a tax return. It is still income and still counts (interest on tax free investments, child support, workman's comp., combat pay, overseas bonus, housing expense, etc. are examples)

He should adsd together ALL his CURRENT income, which he can document, and present that as his current annual income. It does not matter what his 2009 tax return says if he can document his current income.

VERMONT! I Reject Your Reality...and Substitute My Own!

Gary And Alla

Link to comment
Share on other sites

Filed: Other Country: China
Timeline

Thank you for your reply pushbrk.My fiance is on a 1099. So I understand..

1099 is equal to "self-employed" so his income for immigration affidavit of support purposes comes from line 22 of his tax return. He would not need an employer letter as he is not "employed". He works as an independent contractor, not as an "employee".

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/

Link to comment
Share on other sites

 
Didn't find the answer you were looking for? Ask our VJ Immigration Lawyers.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
- Back to Top -

Important Disclaimer: Please read carefully the Visajourney.com Terms of Service. If you do not agree to the Terms of Service you should not access or view any page (including this page) on VisaJourney.com. Answers and comments provided on Visajourney.com Forums are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Visajourney.com does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. VisaJourney.com does not condone immigration fraud in any way, shape or manner. VisaJourney.com recommends that if any member or user knows directly of someone involved in fraudulent or illegal activity, that they report such activity directly to the Department of Homeland Security, Immigration and Customs Enforcement. You can contact ICE via email at Immigration.Reply@dhs.gov or you can telephone ICE at 1-866-347-2423. All reported threads/posts containing reference to immigration fraud or illegal activities will be removed from this board. If you feel that you have found inappropriate content, please let us know by contacting us here with a url link to that content. Thank you.
×
×
  • Create New...