very confusing

[weng&cameron 0]

hello im very confused where the Consulate looks for reaching the poverty guidelines of your income is it in the total gross income which u earn yearly or the net income after all the deductions of what u earned?

hope u will enlighten me which is the right one? thank u everybody..

[Tintin and Mike 127]

Gross, before taxes

Good luck!

[Enigma11561 336]

gross

[pushbrk 12,087]

gross

Yes, it's gross income but not gross business revenue. For the self employed with a schedule C, "total income" from line 22 is considered to be the current income regardless of total business revenue.

[weng&cameron 0]

Yes, it's gross income but not gross business revenue. For the self employed with a schedule C, "total income" from line 22 is considered to be the current income regardless of total business revenue.

but his line 22 in 1040 was already 15k after all the deduction attachment with his schedule c..his 1099 was 40k that was his total income earned yearly..which is his gross income is it 40k or the 15k??

in our case are we reach the poverty guidelines ?

[pushbrk 12,087]

but his line 22 in 1040 was already 15k after all the deduction attachment with his schedule c..his 1099 was 40k that was his total income earned yearly..which is his gross income is it 40k or the 15k??

in our case are we reach the poverty guidelines ?

It's the number on line 22. Really! 40K was not the total income. It is the total business revenue before business expenses. "Income" (for a business) is revenue minus expenses.

The same would apply to an employee who has business expenses. Lots of sales people are in this situation. If they deduct their business expenses, it reduces their "income".

Edited October 7, 2012 by pushbrk

[Ontarkie 13,898]

Moved to K-1 Fiance(e) Visa Process & Procedures, from IR-1/CR-1 Spouse Visa Process & Procedures. The answers to this question are the same regardless of where the question is asked, but the OP may move on to K1 specific questions and would be better suited for the K1 forum.