I-134 cosponsor form

[Rayandrina 1]

OK, so I am filling out the I134 sponsor form. I am self employed as I own my own business. I have 4 children and was divorced last year. On my most recent tax return (2017) I only claimed 2 children as dependents and ex claimed the other 2. I'm worried that with this many children that I will fall short of the income requirement. So, I'm getting my mother, who makes more than enough to sponsor us. My questions are; will I only have to show that I am responsible for two children as this is what's on my most recent income taxes? I'm filling out a joint sponsor from my mother as backup and who does she need to show as dependents? She lives with my father but he supports himself. Should it just be herself and my fiance? Should she show dependents as all of us, herself and all of my family? And last but not least, I have a home that has equity.  Should I use the house with equity that's not paid for in full or just use real estate that is paid in full? Sorry for all the questions, but wanting to get this perfect. Was hoping to find someone that went through this process in a similar situation. Thank you so much in advance for any advice!!😊😊

Edited May 11, 2018 by Rayandrina

[Rayandrina 1]

On 5/12/2018 at 2:17 AM, Kumar01 said:

Your joint sponsor effectively replaces your financial responsibility for the I-134. If you mother is your joint sponsor, then it matters little who YOU claim on your tax returns as dependents. Her tax returns are what are in question at that point. Furthermore, if your father is not filing together, then it seems like she claims no dependents on her taxes. This means it'll just be her and your fiance (2 people) to compare with the I-864p. 

If you have a home, then it may qualify as an asset. The home's value is calculated with a formula you can look up. However, keep in mind that the US Embassy's policy is generally that they accept assets of items which are liquid -- in other words, things that can be sold within a year. I believe you're delving too much into your own tax situation seeing how you're going to use your mother's tax returns.  If she comfortably meets the minimum, then it's no point in you pulling your hair out on issues with your own taxes.

Hope this helps

Thank you so much for your input. I did exactly as you said and it worked perfectly. Approved this morning! It means a lot that you took the time to answer my questions and for that I am grateful.