Income requirements

[anson-noyna 0]

Hi,

I filled out my form i-134 Affidavit of Support and it asks me to include a copy of my federal return for the current year. What number are they looking for that requires me to be above the povery threshold of $16k? Would this be gross revenue? total income? adj gross income? I'm, having difficulty because I'm a self employed contractor and although my earnings are above, after all the deductions and expenses I'm not sure what line are they looking for.

Thanks

[Ning25 619]

Hi,

I filled out my form i-134 Affidavit of Support and it asks me to include a copy of my federal return for the current year. What number are they looking for that requires me to be above the povery threshold of $16k? Would this be gross revenue? total income? adj gross income? I'm, having difficulty because I'm a self employed contractor and although my earnings are above, after all the deductions and expenses I'm not sure what line are they looking for.

Thanks

Its easier to submit a tax transcript. That will indictate your gross income and tax liability or status. If you use your tax return then you must include every supporting document.

Get transcript free from IRS by mail, on line, by fax or in person at any IRS office.

[Waiting234 18]

Hi,

I filled out my form i-134 Affidavit of Support and it asks me to include a copy of my federal return for the current year. What number are they looking for that requires me to be above the povery threshold of $16k? Would this be gross revenue? total income? adj gross income? I'm, having difficulty because I'm a self employed contractor and although my earnings are above, after all the deductions and expenses I'm not sure what line are they looking for.

Thanks

On the I-864, it specifically calls out Adjusted Gross Income. Upon reviewing the instructions for the I-134, I do not see this spelled out anywhere. If it were me, I would put my pre-tax income and then point out that it didn't ask for adjusted gross income, if asked. I would still make sure that my savings account was 5x higher than my adjusted gross income (ie. if you earned 12k adjusted gross and you need 16k to meet the guidelines, then you need 16k-12k = 4k, 4k*5 = 20k required in savings).

Edited March 2, 2013 by Waiting234

[Sayha or bust. 71]

whats your line 22 on the your 1040?

[Waiting234 18]

On the I-864, it specifically calls out Adjusted Gross Income. Upon reviewing the instructions for the I-134, I do not see this spelled out anywhere. If it were me, I would put my pre-tax income and then point out that it didn't ask for adjusted gross income, if asked. I would still make sure that my savings account was 5x higher than my adjusted gross income (ie. if you earned 12k adjusted gross and you need 16k to meet the guidelines, then you need 16k-12k = 4k, 4k*5 = 20k required in savings).

You may also want to have a co-sponser ready for backup if you are concerned about not reaching the poverty guidelines. Otherwise, your case will go pending longer or get denied all together.

[VR3523 0]

Just looking at the USCIS website and checking your 16k statement. If your not in the military you need to hit 19k. Nowhere did it require haveing X amount of funds in a savings account. It does talk about if you don't meet the requirements that; "You may add the cash value of your assets. This includes money in savings accounts, stocks, bonds, and property. To determine the amount of assets required to qualify, subtract your household income from the minimum income requirement (125% of the poverty level for your family size). You must prove the cash value of your assets is worth five times this difference (the amount left over)." Thats copied right from there site.

[Karee 4,191]

You may also want to have a co-sponser ready for backup if you are concerned about not reaching the poverty guidelines. Otherwise, your case will go pending longer or get denied all together.

The U.S. embassy in Thailand generally doesn't accept co-sponsors for K visas.

[Ning25 619]

You may also want to have a co-sponser ready for backup if you are concerned about not reaching the poverty guidelines. Otherwise, your case will go pending longer or get denied all together.

Thailand does not allow co sponsors in most K 1 cases.

[Ning25 619]

On the I-864, it specifically calls out Adjusted Gross Income. Upon reviewing the instructions for the I-134, I do not see this spelled out anywhere. If it were me, I would put my pre-tax income and then point out that it didn't ask for adjusted gross income, if asked. I would still make sure that my savings account was 5x higher than my adjusted gross income (ie. if you earned 12k adjusted gross and you need 16k to meet the guidelines, then you need 16k-12k = 4k, 4k*5 = 20k required in savings).

There is no requirement to have X amount in a savings account. Money in bank accounts can be removed as easily as it was deposited.

[KayDeeCee 4,902]

On the I-864, it specifically calls out Adjusted Gross Income. Upon reviewing the instructions for the I-134, I do not see this spelled out anywhere. If it were me, I would put my pre-tax income and then point out that it didn't ask for adjusted gross income, if asked. I would still make sure that my savings account was 5x higher than my adjusted gross income (ie. if you earned 12k adjusted gross and you need 16k to meet the guidelines, then you need 16k-12k = 4k, 4k*5 = 20k required in savings).

Current annual income is gross total income, not adjusted gross. When you say it mentions adjusted gross income on the I-864, are you referring to #25 about the tax information? It says to list total income for your last 3 years, or adjusted gross income if you used a 1040EZ form when filing. AGI is not used for current annual income.Money in a savings account is not required. If using assets to make up for being short on income, it is calculated at 3 times the difference for a spouse/fiance(e), not 5. However, if it is for a stricter consulate, especially one that does not allow co-sponsors, I would be sure to have at the very least a bare minimum of 5 times in assets if short on income,.

[Penguin_ie 6,001]

**** Moving from CR-1 spousal visa forum to K1 fiance visa forum****

[CandZ 7]

Its easier to submit a tax transcript. That will indictate your gross income and tax liability or status. If you use your tax return then you must include every supporting document.

Get transcript free from IRS by mail, on line, by fax or in person at any IRS office.

What is the difference between a tax transcript and tax return ? Also, does anyone know if the US Embassy in Bratislava, Slovakia accept co-sponsors ?

[Ning25 619]

What is the difference between a tax transcript and tax return ? Also, does anyone know if the US Embassy in Bratislava, Slovakia accept co-sponsors ?

We file tax returns. The IRS produces a transcript of that which is a condensed version of the info. The value of the transcript is that is proves you filed the return. The return just proves you filled out the forms not that you submitted them.

[CandZ 7]

We file tax returns. The IRS produces a transcript of that which is a condensed version of the info. The value of the transcript is that is proves you filed the return. The return just proves you filled out the forms not that you submitted them.

Oh, thank you !

[KayDeeCee 4,902]

Oh, thank you !

They are free and you can order them online, on the phone or walk into your local IRS office for them. You want the tax return transcript.: http://www.irs.gov/Individuals/Order-a-Transcript