My 2021 self employed income is enough but 2020 and 2019 are not?

[Venus2mars 1]

So i am sponsoring my wife for spousal visa but i only have one year of good income which is the most recent tax year and i am wondering if that is going to be a problem...

[etrangais 949]

Current income is what matters. You don’t even have to include the old ones, they are just optional

[Rocio0010 5,579]

1 hour ago, jibril2xx said:

So i am sponsoring my wife for spousal visa but i only have one year of good income which is the most recent tax year and i am wondering if that is going to be a problem...

How good is the income? 

[Venus2mars 1]

$32,000 for a household size of 3

[carmel34 3,639]

Self-employment income will be evaluated based on the most recent tax return and supporting documentation.  Make sure you follow the I-864 instructions and include all of the forms and schedules:

 

If you selected Part 6., Item Number 2. that you are self-employed, you should have completed one of the following forms with your Federal income tax return: Schedule C (Profit or Loss from Business), Schedule D (Capital Gains), Schedule E (Supplemental Income or Loss), or Schedule F (Profit or Loss from Farming). You must include each and every Form 1040 Schedule, if any, that you filed with your Federal income tax return.

 

Sometimes self-employed file their 1040 with a Schedule C that overstates or understates actual business income, that's why they need to see the schedules.  Total income on form 1040 for the most recent tax year is the number they will use for the basis of their evaluation.  Often we see cases like these where filers use gross revenue from their business as "income," which is not correct.  Good luck!

[Venus2mars 1]

That was helpful, Thank you 

[Chancy 6,241]

*** Moved from IR1/CR1 Progress Reports to IR1/CR1 Process & Procedures ***

 

[pushbrk 12,968]

On 2/19/2022 at 8:45 AM, etrangais said:

Current income is what matters. You don’t even have to include the old ones, they are just optional

Information from three tax returns IS REQUIRED to complete the affidavit of support.  Whether one good year is enough depends on the totality of circumstances including the country the interview will take place.

[pushbrk 12,968]

On 2/19/2022 at 8:10 PM, carmel34 said:

Self-employment income will be evaluated based on the most recent tax return and supporting documentation.  Make sure you follow the I-864 instructions and include all of the forms and schedules:

 

If you selected Part 6., Item Number 2. that you are self-employed, you should have completed one of the following forms with your Federal income tax return: Schedule C (Profit or Loss from Business), Schedule D (Capital Gains), Schedule E (Supplemental Income or Loss), or Schedule F (Profit or Loss from Farming). You must include each and every Form 1040 Schedule, if any, that you filed with your Federal income tax return.

 

Sometimes self-employed file their 1040 with a Schedule C that overstates or understates actual business income, that's why they need to see the schedules.  Total income on form 1040 for the most recent tax year is the number they will use for the basis of their evaluation.  Often we see cases like these where filers use gross revenue from their business as "income," which is not correct.  Good luck!

The "Total Income line" from most recent return is the source for determining "current income" but the Consular Officer's job is to consider the totality of circumstances.  Just barely meeting the minimum is not in and of itself any assurance of approval by a Consular Officer.