Enough money in bank but not on tax returns

[Gambianbabyduedec 6]

Hi question. For k1, the whole i34 process is so confusing. I read that not all consolates accept co-sponsors. Where can you find a list of this? I have been looking online regarding Senegal but to no avail?

But the fundamental question is that I don't know if the petitioner bank statements are well above poverty level (mostly in monetary gifts ) but the tax returns do not reflect that, for gifts are not reported on tax returns for the giftee, then do u think bank statements would be sufficient?

Also as for assesss how about owning a property. Say the property is worth 80,000 bought for 50,000 but 30,000 still owed is that an asset ??? How would that be proven?

Thx so confused

[sma1488 155]

You need to contact your specific embassy/consulate to find out if they accept co-sponsors. You might check the appropriate regional forum on this website as a starting point.

Your primary residence is probably not going to be counted as an asset for the I-134.

I have no idea if gifts are counted as income, but I would guess not. There would be no guarantee that you would continue to receive that money in the future. If they were counted, that would be an easy way to get around not being able to use a co-sponsor, and the government would catch on quickly.

[baron555 934]

Hi question. For k1, the whole i34 process is so confusing. I read that not all consolates accept co-sponsors. Where can you find a list of this? I have been looking online regarding Senegal but to no avail?

There is no list. Read up on your respective regional forum here.....or....contact the Embassy and ask! (Novel Idea !!)

But the fundamental question is that I don't know if the petitioner bank statements are well above poverty level (mostly in monetary gifts ) but the tax returns do not reflect that, for gifts are not reported on tax returns for the giftee, then do u think bank statements would be sufficient?

Current income is key. Assets help but income is key.

Also as for assesss how about owning a property. Say the property is worth 80,000 bought for 50,000 but 30,000 still owed is that an asset ??? How would that be proven?

Property is not viewed as so valuable....unless you liquidate it first.

Thx so confused Income is key, get the hint?