Amount you owe tax transcript 2024

[S2N 551]

24 minutes ago, W199 said:

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.

On the accountant/estimate point: I have a friend who does HNW individual taxes. One of his clients intentionally underpays estimates as a tax strategy because he gets a better rate of return than the underpayment penalty by not giving the IRS the money until 4/15. Paying the penalty is part of the client’s strategy.

 

All that to say, there are a virtually infinite number of reasons OP’s sponsor might owe taxes as of 4/15. None of them are relevant to immigration.

Edited 7 hours ago by S2N

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1 hour ago, pushbrk said:

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."

Thank u so so much