Form I-864 guestion Federal income tax returns

[Kevindillon 2]

Thanks for the link, I saw that when I was doing my research earlier.  Since I claim to my son as a dependent I had to include him as a household member, my only option as a sponsor is to use his income  which is minimal but would meet the  minimum requirement.  I also own my home as an asset. My income this year since I’m self-employed would just be based on what my 2016 and 2017 returns were and guesstimating what I would make. Any supporting document would be a letter from myself stating my employment and income, would this potential he be a roadblock?

[Just Paul 4,591]

Since it is AOS the question is whether you met the minimum.  So that should be sufficient for income.  If you qualify on income you do not need to qualify on assets.   Hopefully you have completed your 2018 returns.

 

You could do a spreadsheet or chart or list showing your income month by month projecting your AGI for 2019

[Kevindillon 2]

1 minute ago, Paul & Mary said:

Since it is AOS the question is whether you met the minimum.  So that should be sufficient for income.  If you qualify on income you do not need to qualify on assets.   Hopefully you have completed your 2018 returns. 

 

You could do a spreadsheet or chart or list showing your income month by month projecting your AGI for 2019

 

[Kevindillon 2]

I did complete my 2018 returns, even though I claim my son as a dependent his income is not stated in the tax return. He would have to fill out an I-864a to add his income but that makes him liable as well should anything happen. I’m not sure I want to put a 19-year-old in that position.

[Kevindillon 2]

I don’t see where it requires any documentation of what this year‘s income would be since I’m self-employed. Would a simple spreadsheet work?  Any other options you’ve heard of ?

[Highmystic 234]

56 minutes ago, Kevindillon said:

I did complete my 2018 returns, even though I claim my son as a dependent his income is not stated in the tax return. He would have to fill out an I-864a to add his income but that makes him liable as well should anything happen. I’m not sure I want to put a 19-year-old in that position.

What we did,  we showed our joint 2018 taxes, and Wife's current pays-stubs, but for me, it's complicated.  I have an LLC,  and I file an 1120 corporate tax, etc, then personal tax.  (There is a reason I do this, LOL).. so, since I do not issue myself pays-tubs or even issue myself w4's,  I brought in the front sheet (only) of every months statements from the main bank where I have the business checking and joint personal checking.  What this showed was the amount of personal deposits for each month, beginning and ending balances.  They don't care about the ending balance, but the deposit totals throughout the months.  They never questioned it.   

[Kevindillon 2]

1 hour ago, Paul & Mary said:

 

 

Edited July 31, 2019 by Kevindillon

[Kevindillon 2]

Ok, thank you. However, I do not pay myself separately at intervals to show income on bank statements. My statements could show deposits, but not much as far as available balance or regular deposits. I may have a tough time proving income..

[Kevindillon 2]

Hello, new member here and I had a question. If I’m self-employed and do not pay myself on a regular basis what is the best way to show proof of income on the I-864 affidavit of support?

[geowrian 22,335]

Your current income will come from your tax return.

[Kevindillon 2]

Current income from 2019 is the question I need to answer. It asks for your current individual annual income, I have not filed a tax return for 2019 as the year is not over. My predicament is I do not have paystub‘s or W-2s to show my income currently

[Lemonslice 4,549]

Read the instructions again, if you are self-employed you will use your 2019 tax return to show your (current, now 2019) income. If your interview is before February/March 2020, then you will use your latest return (so 2018) to demonstrate how much you make as a self-employed sponsor. 

[Ontarkie 13,902]

~~Moved AOS Family K1/K3, from K1 P&P - The OP is starting to work on the AOS process.~~

[geowrian 22,335]

15 minutes ago, Kevindillon said:

Current income from 2019 is the question I need to answer. It asks for your current individual annual income, I have not filed a tax return for 2019 as the year is not over. My predicament is I do not have paystub‘s or W-2s to show my income currently

Your current income, since you are self-employed, is that which was reported on your 2018 taxes. As you noted, there is no 2019 tax return to file yet. Any money earned in 2019 would be revenue at this time, not income.

[carmel34 3,527]

Get another co-sponsor, not your son.