Tax year query

[Penguin_DE 0]

My partner and I just filed I-130. We understand it will take one year to process. If the NVC send request for documents in January 2025, is 2024 the latest tax year transcript required for the affidavit of support? Therefore, we would need to file the 2024 tax return with IRS at the start of 2025? Or, since it’s so early in the year, will 2023 count as the latest tax year?

[Crazy Cat 41,981]

2024 tax year documents won't be required until April 15th, 2025. 

Edited February 10 by Crazy Cat

[pushbrk 12,979]

54 minutes ago, Crazy Cat said:

2024 tax year documents won't be required until April 15th, 2025. 

Absolute truth 1 above.  Absolute truth 2, is that the year you sponsor an immigrant is NOT the year to delay filing your tax return.  File as early as you can.

[Penguin_DE 0]

Thanks all. So if we haven’t heard from the NVC by January 2025, it’s probably worth filing 2024 return with IRS as soon as the new year comes?

[pushbrk 12,979]

2 hours ago, Penguin_DE said:

Thanks all. So if we haven’t heard from the NVC by January 2025, it’s probably worth filing 2024 return with IRS as soon as the new year comes?

As soon as you have your W2.  Employers have until the end of January to get those to you.

 

[SansTortoise 27]

2 hours ago, pushbrk said:

As soon as you have your W2.  Employers have until the end of January to get those to you.

 

Since making posts about taxes is my thing as the traditional lurker today…

 

3/15 is the absolute latest most people should have all tax forms. 1099s come 2/15 and K-1s come Marchish.

 

If someone has no investments file in February. If someone has investments wait until early March since surprise K-1s are a thing.

 

K-1 being both the most annoying tax form and a visa can be added to the list of things the government should rethink.

[Penguin_DE 0]

Thanks all. I should have clarified that we are both in the UK and my USC wife works for a UK company, and she only files the standard 1040.

 

I know June is our IRS deadline but if we haven't heard from the NVC by January 2025, we should file as soon as the IRS starts accepting 2024 returns in the new year?

[bondy88 6]

On 2/10/2024 at 5:23 PM, pushbrk said:

Absolute truth 1 above.  Absolute truth 2, is that the year you sponsor an immigrant is NOT the year to delay filing your tax return.  File as early as you can.

 Why the emphasis on filing as early as you can if you sponsor someone? How does filing earlier than April 15, helps someone in the immigration context.  For immigration purposes,  I would most likely file closer to April 15 and or possibly even get an extension until October 15 to get a clearer picture of where I stand.

[pushbrk 12,979]

42 minutes ago, bondy88 said:

 Why the emphasis on filing as early as you can if you sponsor someone? How does filing earlier than April 15, helps someone in the immigration context.  For immigration purposes,  I would most likely file closer to April 15 and or possibly even get an extension until October 15 to get a clearer picture of where I stand.

This context is a person expecting to file an affidavit of support early next year.  So, the more up to date their affidavit is, the less they'll need to worry about updating it for an interview that will occur AFTER the filing deadline.

 

[bondy88 6]

8 hours ago, pushbrk said:

This context is a person expecting to file an affidavit of support early next year.  So, the more up to date their affidavit is, the less they'll need to worry about updating it for an interview that will occur AFTER the filing deadline.

 

That doesn't make any sense. Like you said the OP expects to file AOS docs early next year, why the rush to file taxes before April 15 or October 15 filing deadlines for the tax year 2023 though. Why do the taxes before the deadline as you emphasized  in your earlier post if the OP would most likely need  the info from their 2023 return on the i-864 in early January next year?

[pushbrk 12,979]

3 hours ago, bondy88 said:

That doesn't make any sense. Like you said the OP expects to file AOS docs early next year, why the rush to file taxes before April 15 or October 15 filing deadlines for the tax year 2023 though. Why do the taxes before the deadline as you emphasized  in your earlier post if the OP would most likely need  the info from their 2023 return on the i-864 in early January next year?

I'm talking about the next tax return, the year they are sponsoring an immigrant.

9 hours ago, Abena Dee said:

Please I need help with this topic too. What is the most current income tax return now ? 

That is actually a different topic.  You can NOW file your 2023 tax return.

[Crazy Cat 41,981]

***Hijack comment split to new topic thread**

-VJ Moderation

[Dan and Akari 44]

11 hours ago, bondy88 said:

That doesn't make any sense. Like you said the OP expects to file AOS docs early next year, why the rush to file taxes before April 15 or October 15 filing deadlines for the tax year 2023 though. Why do the taxes before the deadline as you emphasized  in your earlier post if the OP would most likely need  the info from their 2023 return on the i-864 in early January next year?

Besides having an exorbitant tax liability that you want to wait as long as possible before you have to stroke a check to the IRS, why wouldn't you complete your return as soon as you can?  I understand the OP "Expects" a specific timeframe I assume based on trends which is probably a reasonable assumption, but wouldn't it be prudent to be prepared in case things don't go as "expected" timing-wise?  One reason I can think is that completing the 2024 return early allows the IRS time to create the tax transcript (NVC preferred format) while you may still be awaiting USCIS adjudication.