Is my Tax Return above the 125% poverty rate requirement?

[HulkySun 4]

Tax day is cracking down. I want to have this years taxes in order. Self Employed. I am sponsoring k1 visa fiancee.  Does this this example 1040 Self Employed document satisfy the 125% poverty rate requirement for 2 household size for Fiancee in the interview?

 

You would be amazed what conflicting information I found for what they look for.  Adjusted Gross income line 8b vs Total income line 7a.  thank you so much and looking forward to filing. 

 

Also since there is conflicting info would it be safer to concentrate on the AGI to be above 125% ?

 

 

 

 

[Lucky2Lucky 2,526]

7 minutes ago, HulkySun said:

Tax day is cracking down. I want to have this years taxes in order. Self Employed. I am sponsoring k1 visa fiancee.  Does this this example 1040 Self Employed document satisfy the 125% poverty rate requirement for 2 household size for Fiancee in the interview?

 

You would be amazed what conflicting information I found for what they look for.  Adjusted Gross income line 8b vs Total income line 7a.  thank you so much and looking forward to filing. 

 

Also since there is conflicting info would it be safer to concentrate on the AGI to be above 125% ?

 

 

 

 

You made $300 more than the minimum requirement. Start looking for a joint sponsor or obtain a second job.

[HulkySun 4]

2 minutes ago, Luckycuds said:

You made $300 more than the minimum requirement. Start looking for a joint sponsor or obtain a second job.

Why do you say that for this example?  If 'total income' is the number they are looking at, then its within limits

[geowrian 22,335]

7 minutes ago, HulkySun said:

Why do you say that for this example?  If 'total income' is the number they are looking at, then its within limits

Below the minimum = cannot issue the visa

Above the minimum = judgement call based upon a totality of the circumstances. Being literally right at the borderline would likely result in a refusal pending a suitable co sponsor.

Edited July 14, 2020 by geowrian

[HulkySun 4]

2 minutes ago, geowrian said:

Below the minimum = cannot issue the visa

Above the minimum = judgemental call based upon a totality of the circumstances. Being literally right at the borderline would likely result in a refusal pending a suitable co sponsor.

Thanks,  so what do you consider minimal not borderline ?

Wow likely denial eh?

[Lucky2Lucky 2,526]

6 minutes ago, HulkySun said:

Why do you say that for this example?  If 'total income' is the number they are looking at, then its within limits

You made 21,804, correct? Guideline is 21,550. Yes it is within the limits. But if you are asking if you will get approved my opinion is definitely not.

[geowrian 22,335]

5 minutes ago, HulkySun said:

Thanks,  so what do you consider minimal not borderline ?

Wow likely denial eh?

Depends a lot on the circumstances. For instance, $30k/year a year is reasonable to live in my area, but would be woefully inadequate in a city nearby (Philadelphia or NYC).

Also, the age, health, education, work experience, etc. will matter.

See here: https://fam.state.gov/FAM/09FAM/09FAM030208.html#M302_8_2_B_2

 

Refusal, yes. But a refusal does not mean you start all over...it can be overcome, such as by presenting a suitable I-134 from a co sponsor.

Edited July 14, 2020 by geowrian

[HulkySun 4]

12 minutes ago, geowrian said:

Depends a lot on the circumstances. For instance, $30k/year a year is reasonable to live in my area, but would be woefully inadequate in a city nearby (Philadelphia or NYC).

Also, the age, health, education, work experience, etc. will matter.

See here: https://fam.state.gov/FAM/09FAM/09FAM030208.html#M302_8_2_B_2

 

Refusal, yes. But a refusal does not mean you start all over...it can be overcome, such as by presenting a suitable I-134 from a co sponsor.

So this refusal of income over 125% is new to me. According to my notes on advice first I am hearing of this.   Having a business of course lots of deductions so plenty of cash coming in. 

Philippines does not do joint sponsor. 

So I am in Florida, in general lower wages and cost of living my area. 

[geowrian 22,335]

6 minutes ago, HulkySun said:

So this refusal of income over 125% is new to me. According to my notes on advice first I am hearing of this.   Having a business of course lots of deductions so plenty of cash coming in. 

Philippines does not do joint sponsor. 

So I am in Florida, in general lower wages and cost of living my area. 

Manila accepts a co sponsor on a case by case basis. Generally a close friend or family member can be accepted.

Sometimes they don't even ask for the I-134, but always be prepared in case they do.

[Greenbaum 12,258]

USEM hasn't been asking on a regular basis for financials for some four years but they do once in awhile. Like @geowrian stated it's better to be prepared since you are near the borderline and it remains the judgement of the CO and "requirements" be damned. 

[HulkySun 4]

1 minute ago, Greenbaum said:

USEM hasn't been asking on a regular basis for financials for some four years but they do once in awhile. Like @geowrian stated it's better to be prepared since you are near the borderline and it remains the judgement of the CO and "requirements" be damned. 

Yea thanks for that...  I'm more worried now because its covid19 etc. Things are a bit crazy.  So now I'm racking my brain with what you guys are telling me. I have 10's of thousands in deductions other than cogs, but during this time this these months its difficult to pay, for example, 3k more in taxes than I thought I would.   so your turn  .. what do you think the total income magic number should be?

[Greenbaum 12,258]

7 minutes ago, HulkySun said:

Yea thanks for that...  I'm more worried now because its covid19 etc. Things are a bit crazy.  So now I'm racking my brain with what you guys are telling me. I have 10's of thousands in deductions other than cogs, but during this time this these months its difficult to pay, for example, 3k more in taxes than I thought I would.   so your turn  .. what do you think the total income magic number should be?

Get a copy of the I-864 as your guideline. We can only advise on what we have seen and what has been reported by others. You may want to move over to the Philippine sub-forum for additional help.

 

https://www.visajourney.com/forums/forum/129-philippines/

[Cheburashka34 228]

What if you have slightly above the minimum plus a lot of savings, and your current salary is more than what was on last year's taxes?

[geowrian 22,335]

43 minutes ago, Cheburashka34 said:

What if you have slightly above the minimum plus a lot of savings, and your current salary is more than what was on last year's taxes?

Current income is king.

The OP stated he is self-employed, so his current income is whatever was claimed on the most recent year's tax return (anything earned is revenue, not income, until claimed on the return). If somebody is an employee, their pay stub would indicate best their current income.

[Cheburashka34 228]

8 minutes ago, geowrian said:

Current income is king.

The OP stated he is self-employed, so his current income is whatever was claimed on the most recent year's tax return (anything earned is revenue, not income, until claimed on the return). If somebody is an employee, their pay stub would indicate best their current income.

Ohh thank you! Im worried about if I eventually file the I-864 will they look at the last year's tax return and deny us?