Jump to content
Sign in to follow this  
johnmbb

Self-employed require different proof of income?

2 posts in this topic

Recommended Posts

I am a US citizen and I am trying to get a K-1 visa for my girlfriend in Vietnam. After graduating from college and starting a business this year I don't have any tax returns for the past three years, but I do have $20,000 in my bank account and the business is successful with earnings of more than 125% of the poverty level. I have heard that the Vietnam consulate does not allow co-sponsors for a K-1 and I may have difficulty finding one for a spouse visa. I have not registered a business name or opened a business bank account and was planning to just file taxes on the 1040 form at the end of the tax year, but I have heard that quarterly profit and loss statements and bank statements may be important to show proof of income. Should I pay $100 to register as a business, open a business bank account, and keep detailed records to show the consulate or are personal bank statements and earnings on a 1040 form sufficient?

Thank you

Share this post


Link to post
Share on other sites

I am a US citizen and I am trying to get a K-1 visa for my girlfriend in Vietnam. After graduating from college and starting a business this year I don't have any tax returns for the past three years, but I do have $20,000 in my bank account and the business is successful with earnings of more than 125% of the poverty level. I have heard that the Vietnam consulate does not allow co-sponsors for a K-1 and I may have difficulty finding one for a spouse visa. I have not registered a business name or opened a business bank account and was planning to just file taxes on the 1040 form at the end of the tax year, but I have heard that quarterly profit and loss statements and bank statements may be important to show proof of income. Should I pay $100 to register as a business, open a business bank account, and keep detailed records to show the consulate or are personal bank statements and earnings on a 1040 form sufficient?

Thank you

You may need to seek a counsultation with a tax attorney, to help you with your business records, etc.... It is my understanding from other threads that I have read, that self-employed USC have to provide 1099s and other tax/income records. I may be wrong, but that is my suggestion.


Phase I - IV - Completed the Immigration Journey 

 

 

Share this post


Link to post
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
Sign in to follow this  
- 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.
×