Amount you owe tax transcript 2024

[Word 0]

Hey guys i wanna ask my joint sponsor in his amount you owe part in tax transcript its like 24.000$ is that gonna be a problem in the my interview day? His income is 100.000$ in tax transcript and in 1099 is 244.000$ and i dont think he is having a payment plan right so is that a problem 

[JeanneAdil 7,312]

 

 

Yes,  its a problem

find a new joint sponsor unless he can show this owed money is paid or has a payment plan and is actually making the payments.

[pushbrk 14,036]

46 minutes ago, JeanneAdil said:

 

 

Yes,  its a problem

find a new joint sponsor unless he can show this owed money is paid or has a payment plan and is actually making the payments.

The above is incorrect.  The amount owed, is not a factor if the "Total Income" is 100k.  It just means that's how much he needs to pay.  If there was a balance owed from a prior year, or a tax lien, that's a problem.  There's really not enough information provided in the original post to know what the amount owned refers to.  "Total income" is the taxable income for the specific year. With over 100k in taxable income, 24k in actual taxes is just how much to pay.  

 

Ask the sponsor if he has any past due taxes.

[Word 0]

30 minutes ago, pushbrk said:

The above is incorrect.  The amount owed, is not a factor if the "Total Income" is 100k.  It just means that's how much he needs to pay.  If there was a balance owed from a prior year, or a tax lien, that's a problem.  There's really not enough information provided in the original post to know what the amount owned refers to.  "Total income" is the taxable income for the specific year. With over 100k in taxable income, 24k in actual taxes is just how much to pay.  

 

Ask the sponsor if he has any past due taxes.

Thank u so much This how its looks in his tax transcript i am really worried if they gonna tell me something in the consulate or the officer wont accept it

Edited Tuesday at 09:26 PM by Word

[pushbrk 14,036]

The above is meaningless in the context of the affidavit of support. It's just telling him how much to make the check out for.  Not relevant to the affidavit of support in any way.

 

[S2N 551]

59 minutes ago, Word said:

Thank u so much This how its looks in his tax transcript i am really worried if they gonna tell me something in the consulate or the officer wont accept it

Agreed with @pushbrk, but also providing additional context: that isn’t the current balance due. That’s the amount they owed the government as of the date they filed their return.
 

They could have paid it all in full for all you or the consulate knows.

[MMRF 60]

Ask your co-sponsor for proof that they paid the tax or that they're on a payment plan. That way if asked, you have it.

[Word 0]

24 minutes ago, MMRF said:

Ask your co-sponsor for proof that they paid the tax or that they're on a payment plan. That way if asked, you have it.

The thing is its hard to get something from him thats why i am asking if there anyone get denied bcs of that (amount you owe)

[pushbrk 14,036]

3 hours ago, Word said:

The thing is its hard to get something from him thats why i am asking if there anyone get denied bcs of that (amount you owe)

The answer is no.  Most likely that's just the amount he wrote the check for when he filed the return.  This is a "Tax Return Transcript", right?

[S2N 551]

6 hours ago, MMRF said:

Ask your co-sponsor for proof that they paid the tax or that they're on a payment plan. That way if asked, you have it.

The consulate has no way to check — the reason they’re asking for transcripts is that the data is stored solely within IRS systems and not shared with other agencies.

 

Its also pretty normal for business owners to have large amounts due at YE.

 

If OP wants they can ask the sponsor to pull the “record of account transcript”, which will show both the return and the account, but it’s not needed. Owing the government is normal when you’re successful at what you do as a small business owner.

[S2N 551]

5 hours ago, Word said:

The thing is its hard to get something from him thats why i am asking if there anyone get denied bcs of that (amount you owe)

“Amount you owe” is a point in time number as of the date the return was filed. It is not the current amount due. If they owed anything it would be a positive number next to the “Account Balance” line on the “Account Transcript” or “Record of Account Transcript.”
 

This is just reporting the return as filed.

 

2 hours ago, pushbrk said:

The answer is no.  Most likely that's just the amount he wrote the check for when he filed the return.  This is a "Tax Return Transcript", right?

Yes, OP has the return transcript — the account transcript/account information portion of the record doesn’t show current balance using that language or format.

[Word 0]

3 hours ago, pushbrk said:

The answer is no.  Most likely that's just the amount he wrote the check for when he filed the return.  This is a "Tax Return Transcript", right?

Thank u so much Yess this his tax return transcript 

39 minutes ago, S2N said:

“Amount you owe” is a point in time number as of the date the return was filed. It is not the current amount due. If they owed anything it would be a positive number next to the “Account Balance” line on the “Account Transcript” or “Record of Account Transcript.”
 

This is just reporting the return as filed.

 

Yes, OP has the return transcript — the account transcript/account information portion of the record doesn’t show current balance using that language or format.

Sooo i wont have any problems in the embassy and what i should say if tye consulate asks me?

[S2N 551]

4 minutes ago, Word said:

Sooo i wont have any problems in the embassy and what i should say if tye consulate asks me?

Likely not. Like I said, owing tax as of 4/15 is common for business owners.

 

If the consulate asks you call him and ask him to download the “Record of Account Transcript” that contains both the account balance and other account information and the return. Takes all of 2 minutes to download. No need to provide it to them unless they ask.

[pushbrk 14,036]

29 minutes ago, Word said:

Thank u so much Yess this his tax return transcript 

Sooo i wont have any problems in the embassy and what i should say if tye consulate asks me?

Just assume they won't ask you.  Consular Officers also file US Tax returns.  They know this is not something to worry about.  If they ask, give the answer you already have from multiple people here.  "That's how much he wrote the check for when he filed the return."

[W199 514]

As everyone said, its a normal tax transcript.  My tax transcript has a much larger amount owed that I paid after filing. But I didn't have any penalty.   Therefore, the only thing of noteworthy is that it implies his taxes due were not more than the previous year, probably less, hence maybe his income shrank from the previous year, so his income was even higher in the previous years,  and that he needs to get a better accountant or learn how to estimate his taxes better.  None of this would be an issue with the consulate.

 

Note, the above is just speculation based on the tax laws of when a penality applies. I could be totally wrong regarding his unique tax situation since business taxes can be complex.