co-sponsor without income

[chinausa 7]

Hi guys,

my fiancee has a close friend is willing to sign as a co-sponsor who doesn't have income, because she's a full time house wife. She'd like to provide a official bank statement that she has more than enough to in her saving account co-sponsor my fiancee (foreign beneficiary) for more than 2 years. would that be feasible?

Has anyone had a co-sponsor who doesn't have income and tax return?

Thanks very much.

Chris

[Darnell 8,480]

cash assets are fine, but assume any 'tax data' is from a joint return, so will be the friend plus the spouse's tax data (IF TAX DATA is asked for at the interview)

there's some mish-mash to sort through, who signs what - but be prepared to show 3 years of tax data.

cash assets are computed at 3 years, or 1/3 of the asset, for the petitioner/primary sponser

and I think

is 1/5 of the asset for the co-sponser

so for 18K ++, 2 ppl poverty guidelines, thats 54K ++ dollars in cash for the primary sponser/petitioner.

To say 2 years, to me, implies 2 x 18K ++, or 36K ++ dollars in cash.

check the I-864 instructions - should be covered there... GUZ IV will use the computations from the I-864 on evaluating the I-134 'data'.

FWIW, I'm not showing income tax stuff either, as all income goes to 3 corporate shells. I hadn't paid myself a salary in years, always buying stuff through one of the corporate shells. I'm not hiding anything, but moved a huge chunk of cash out, late last year , with some personal 'tax hit', to use as the 'cash asset' for the Affadavit of Support. Different situation, I know, but there it is.

Good Luck !

Edited July 4, 2010 by Darnell

[Audy_Rob 26]

A lot of this isn't documented, certainly not for the I-134 and as Darnell mentioned, many people refer to the instructions for the I-864 when making estimates for the I-134.

First, you need to check if and why the joint sponsor has not filed any tax returns. Is her total income from interest, dividends etc... not require a tax form. Is she a dependent on someone else's tax forms.

As far as assets, if you read Section 29 on page 9 of the I-864 instructions, it just plain says assets count as 5 times that amount of yearly income. Forget a 2 year or 5 year period, that is not right.

The joint sponsor would need to include herself, your fiance(e) and any of her dependents. So take her household size and figure out what 125% of that is from the I-864P poverty guidelines. That is the required income level. So she will need 5 times that amount in cash assets.

Without tax returns she might not qualify. She also needs to be a US Citizen, US National or LPR.

Good luck.

[JimVaPhuong 4,865]

Here are the hard numbers. Let's assume the following:

1. Co-sponsor has zero income (other than maybe a few bucks interest on the bank accounts).

2. Co-sponsor has only cash assets - money in the bank.

3. Co-sponsor's only supports themselves. They have no other dependents. So, the co-sponsor's household (for the purpose of the affidavit) includes only themselves and the sponsored immigrant - 2 people.

4. Consulate will strictly apply the I-864 standards.

125% of the poverty guidelines for 2 people is $18,212. For a sponsor who is not an immediate relative (or fiancee) of the sponsored immigrant, assets have to equal 5X the shortage in income. Since co-sponsor has zero income, they need assets of 5X $18,212, which is $91,060. This is how much cash they need in the bank.

If the co-sponsor has any dependents then add $23,375 for each dependent.

[chinausa 7]

Hi guys,

thanks for the info, it seems we don't have any luck to have this friend to co-sponsor my fiancee. this friend depends on her wealthy husband, however, the husband doesn't want to co-sponsor because he doesn't feel comfortable to reveal how much he makes. we thought as long as the co-sponsor has more than enough money would be fine, guess it's not that easy.

appreciate you all.

Chris

[Audy_Rob 26]

Hi guys,

thanks for the info, it seems we don't have any luck to have this friend to co-sponsor my fiancee. this friend depends on her wealthy husband, however, the husband doesn't want to co-sponsor because he doesn't feel comfortable to reveal how much he makes. we thought as long as the co-sponsor has more than enough money would be fine, guess it's not that easy.

appreciate you all.

Chris

If that is the real reason for his decision to withdraw as a joint sponsor, he can prepare the packet oo I-134 form with documentation and mail it directly to the Consulate and they will treat it confidentially. However he will still be revealing the information to the Conmsular Officer and anyone else that might look in the folder. Basically you would never see the information.

It seems you might try to find a more helpful joint sponsor.

[Darnell 8,480]

FWIW - for the I-134

any 'co-sponser' is NOT ON THE HOOK, at all.

The I-134 is some non-binding thing, no one is 'tied to it'

IS USED, however, for EVALUATION on interview day.

The I-864, used when YOU and yer lass file for the Adjustment of Status, I-485, IS A BINDING AGREEMENT .

IMO, that wealthy husband COULD reveal all, and not go on the hook.

ISSUES? Send me a email (not priv msg) with yer phone #, I'll sort it out for you privately.

Edited July 10, 2010 by Darnell