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rachel&andy

i-864 annual earnings when a business owner?

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Hi Everyone,

This is my first post so go easy! I'm filing DCF from London. I run my own business, and have for 2 years. I have filed returns in the US for every year I've lived here. My question is regarding form i-864 line 23: "My current annual income is" -- Because I run a limited company my accountant has me pay myself the minimum rate e.g. £5,715. This covers the UK fiscal year from April 1, 2010 to March 31st 2011. I know that my business income won't cover the sponsorship reqs anyway because I don't think I can convince the embassy that my income will continue after we move. We are using my Dad as a joint sponsor.

My question: in that box do I list $9,273? (the currency converted to US). It just seems like such a low number that we will be turned away, even with my Dad as joint sponsor. My husband has savings in his name of about £23,000 (e.g. about $37,000). I don't want us to be denied because my salary looks like bupkis.

Thanks,

Rachel

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Filed: IR-1/CR-1 Visa Country: China
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do you have an income statement from a chartered accountant, covering either YOU or the BUSINESS?


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do you have an income statement from a chartered accountant, covering either YOU or the BUSINESS?

Hi there,

yes, we have both. In the UK I do a personal tax return as well as a business tax return. On the i-864 it clearly states that a business cannot sponsor an immigrant, so it appears that only my personal returns would be relevant, not the business ones. But I do have both and could include them in our package.

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You filed taxes in the US, correct? For you and the joint sponsor, taxes must be filed in the US for the past 3 years.

They will only look at US filed returns, not foreign returns. I think you probably know that. If you excluded your foreign income to avoid paying US tax when already paying another country,

then your US income will show $0. So you need the joint sponsor to have US income, filed, and be able to cover all of you and his current household for the poverty guideline x 125%.

Your income at that point won't matter.

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Filed: IR-1/CR-1 Visa Country: Vietnam
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Your income as a self employed person is line 22 of your 2010 form 1040 tax return.


I-864 Affidavit of Support FAQ -->> https://travel.state.gov/content/visas/en/immigrate/immigrant-process/documents/support/i-864-frequently-asked-questions.html

FOREIGN INCOME REPORTING & TAX FILING -->> https://www.irs.gov/publications/p54/ch01.html#en_US_2015_publink100047318

CALL THIS NUMBER TO ORDER IRS TAX TRANSCRIPTS >> 800-908-9946

PLEASE READ THE GUIDES -->> Link to Visa Journey Guides

MULTI ENTRY SPOUSE VISA TO VN -->>Link to Visa Exemption for Vietnamese Residents Overseas & Their Spouses

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Filed: IR-1/CR-1 Visa Country: China
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ya, my stuff is a bit different, I have corporate structure, I am not self-employed.

I not pay myself salary for many years, company is full o cash and assets.

I paid myself a nice salary last year, and put cash in an equity account, in my name, as well, to cover both bases, knowing full well I'm gonna get dinged at GUZ IV.


Sometimes my language usage seems confusing - please feel free to 'read it twice', just in case !
Ya know, you can find the answer to your question with the advanced search tool, when using a PC? Ditch the handphone, come back later on a PC, and try again.

-=-=-=-=-=R E A D ! ! !=-=-=-=-=-

Whoa Nelly ! Want NVC Info? see http://www.visajourney.com/wiki/index.php/NVC_Process

Congratulations on your approval ! We All Applaud your accomplishment with Most Wonderful Kissies !

 

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