Affidavit of Support questions

[VALU 55]

A. 3 year tax retuns; I see that on the AOS for you have to list 3 years of tax returns and amount. I qualify under the most recent tax returns. Would my previous year tax returns hurt me if the they're not above thepoverty level? I got a great job promotion in April so hope that helps along with my 2018 tax returns.

 

B. The form says you have to list your adjusted gross income and not just total gross inome. Is this is only for 1099 - Independent Contractors? I'm confused about which income amount to list; I worked as an Independent Contractor most of last year so.I have 1099 and w2

 

PLEASE HELP!

[Ahmed&Freda 628]

7 hours ago, VALU said:

A. 3 year tax retuns; I see that on the AOS for you have to list 3 years of tax returns and amount. I qualify under the most recent tax returns. Would my previous year tax returns hurt me if the they're not above thepoverty level? I got a great job promotion in April so hope that helps along with my 2018 tax returns.

 

B. The form says you have to list your adjusted gross income and not just total gross inome. Is this is only for 1099 - Independent Contractors? I'm confused about which income amount to list; I worked as an Independent Contractor most of last year so.I have 1099 and w2

 

PLEASE HELP!

Make sure to have proof of current income to show the increase.  You may want to have a cosponsor on standby just in case.   

 

Adjusted gross income is on your tax return line 37 if you used 1040 line 21 for 1040a and line 4 on 1040ez (if you've always been a contractor most likely you filed a 1040) .

[Ryan H 3,790]

Moved from Progress Reports to Process & Procedures.

[pushbrk 12,083]

On 10/16/2018 at 5:32 AM, Ahmed&Freda said:

Make sure to have proof of current income to show the increase.  You may want to have a cosponsor on standby just in case.   

 

Adjusted gross income is on your tax return line 37 if you used 1040 line 21 for 1040a and line 4 on 1040ez (if you've always been a contractor most likely you filed a 1040) .

Current income tends to rule regardless of past years.  India is a notable exception.  A recent pay stub is what an employed person uses to document current income.  For the self employed, current income would be from line 22 of the most recent tax return, so if filing the AOS NOW, the raise in April means nothing.  Better to be employed, in YOUR situation and it sounds like you are.

 

Otherwise, the above from Ahmed&Freda is incorrect.  If you file the 1040, line 22 (Total Income) is what you show for the tax section.  That may or may not be the same as Adjusted Gross.  If you file the 1040EZ, then you use Adjusted Gross Income.

[VALU 55]

39 minutes ago, pushbrk said:

Current income tends to rule regardless of past years.  India is a notable exception.  A recent pay stub is what an employed person uses to document current income.  For the self employed, current income would be from line 22 of the most recent tax return, so if filing the AOS NOW, the raise in April means nothing.  Better to be employed, in YOUR situation and it sounds like you are.

 

Otherwise, the above from Ahmed&Freda is incorrect.  If you file the 1040, line 22 (Total Income) is what you show for the tax section.  That may or may not be the same as Adjusted Gross.  If you file the 1040EZ, then you use Adjusted Gross Income.

Thank you guys for all your responses. I am a full time employee now with a higher income. I'm going to get my 2016 and 2017 taxes amended just to be on the safe side. I understand that I can use the amended taxes and don't need to wait for IRS to accept/process them (which takes about 3 months the Yax Accountant said). Does that sound about right?

[pushbrk 12,083]

6 hours ago, VALU said:

Thank you guys for all your responses. I am a full time employee now with a higher income. I'm going to get my 2016 and 2017 taxes amended just to be on the safe side. I understand that I can use the amended taxes and don't need to wait for IRS to accept/process them (which takes about 3 months the Yax Accountant said). Does that sound about right?

You do not need Tax Return Transcripts if you have copies of complete tax returns including W2s etc.

[VALU 55]

9 hours ago, pushbrk said:

You do not need Tax Return Transcripts if you have copies of complete tax returns including W2s etc.

Noted, thank you.