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littleredscooty

I-134f Beneficary being his own support?

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Filed: K-1 Visa Country: India
Timeline

Hello all, we noticed there is a box where the beneficiary can check to be their own financial sponsor. I am currently back to work after having been unemployed for about 8 months this year. I have worked in the same career field for 8 years and this break which occurred due to medical reasons, was the first gap in employment I had in such time. Nearly all

but a few thousand dollars of my savings was eaten up during this time. My tax return meets the minimum guidelines but just barely since it was only 4 months worth of salary. On the other hand, my beneficiary has assets worth roughly 150k usd, as well as ~90k usd in his savings. We are thinking having him apply as being responsible party as the beneficiary for the k-1 visa portion might be a better option in our case. Does anyone know is this possible and if there are requirements he would need to meet in order to do this? Thank you! 

Edited by littleredscooty
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Filed: Citizen (apr) Country: Taiwan
Timeline
6 minutes ago, littleredscooty said:

My tax return meets the minimum guidelines but just barely since it was only 4 months worth of salary.

Ability to support a new immigrant is determined by current income, not tax returns......unless self-employed.  Since you mentioned salary, current annual income is calculated by:

Gross income from most recent paystub multiplied by the number of pay periods in 12 months.  

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13 hours ago, littleredscooty said:

Hello all, we noticed there is a box where the beneficiary can check to be their own financial sponsor. I am currently back to work after having been unemployed for about 8 months this year. I have worked in the same career field for 8 years and this break which occurred due to medical reasons, was the first gap in employment I had in such time. Nearly all

but a few thousand dollars of my savings was eaten up during this time. My tax return meets the minimum guidelines but just barely since it was only 4 months worth of salary. On the other hand, my beneficiary has assets worth roughly 150k usd, as well as ~90k usd in his savings. We are thinking having him apply as being responsible party as the beneficiary for the k-1 visa portion might be a better option in our case. Does anyone know is this possible and if there are requirements he would need to meet in order to do this? Thank you! 

Depends on consulate.

 

no one can help if you do not fill out a timeline. 

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Filed: K-1 Visa Country: India
Timeline
On 3/28/2024 at 11:36 AM, Crazy Cat said:

Ability to support a new immigrant is determined by current income, not tax returns......unless self-employed.  Since you mentioned salary, current annual income is calculated by:

Gross income from most recent paystub multiplied by the number of pay periods in 12 months.  

OK that is helpful to know, thank you! Does this mean he can’t be his own financial sponsor then? I don’t know why my timeline isn’t showing up, but his interview will be at Mumbai India consulate. 

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Filed: K-1 Visa Country: India
Timeline
On 3/29/2024 at 12:49 AM, SalishSea said:

Depends on consulate.

 

no one can help if you do not fill out a timeline. 

I do have a timeline, I do not know why it isn’t showing, sorry about that. Consulate is Mumbai, India 

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3 minutes ago, littleredscooty said:

I do have a timeline, I do not know why it isn’t showing, sorry about that. Consulate is Mumbai, India 

I don’t believe K-1 applicants in Mumbai can self-sponsor.   @Boiler, do you know?

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