1099????

[-Cinnamon- 0]

From my K1 Visa Attorney:

If you are self-employed, then you may not be able to provide W-2’s or a letter from your employer. In that case, it will help to provide a business license, 1099’s and three most recent months of company bank statements to show current revenue earnings.

As you are probably aware, you must show that you will be able to financially support your fiancee in order for her to be issued a fiancee visa. According to your taxes from last you, you have negative income. From what I can see based on your taxes, you do not have a positive income. Therefore you will not be able to prove that you can support your fiancee. Unfortunately the US Consulate in Manila doesn't usually take cosponsor's either. According to our initial hire details, you had informed us that you make about $100,000 annually. Can you please explain to me why your income is negative on your taxes? Thank you very much.

To My Accountant:

I sent him the 2006-2007-2008 tax files that you sent me yesterday. Issue is the US Embassy in Manila will need proof of income. My draws from 08-07-06 to present and it shows $181,677.00 in * Transport INC. There is also income for * Southwest in 2006. I am not sure what will satisfy them. Do you have any clue. Sorry to be a pain.

From My Accountant:

I have not heard from the Visa attorney. The 1099's do not apply in this case, your company whether a S-corp or Sole Proprietor does not issue 1099s to its owner. I will wait to hear from the attorney. Thanks

If anyone has been thru this can you please respond. I can get a letter of deposits from 2006 till today stating a average monthly balance of $15,000.00 and total deposits of $1,200,000.00 to date. I have a S Corporation in California. As the owner I pay myself in draws from equity. I can prove income from the checks to me from the Corporation totaling over $190,000.00 during the above mention time.

Edited July 30, 2009 by pweettyy

[Anh map 2,098]

I don't have knowledge of how to use the equity draws when filing an affidavit of support. I do have two comments.

Can you show assets (easily converted to cash within one year that would not cause "considerable hardship or financial loss" [see pg 8 of I-864 instructions for complete explination]) of 3 times required income? If so, then you will not need the income proof.

Also, there have been recent posts by VJ members that have used co sponsors for K visa petitions in Manila.

[Tygrys 143]

From my K1 Visa Attorney:

If you are self-employed, then you may not be able to provide W-2's or a letter from your employer. In that case, it will help to provide a business license, 1099's and three most recent months of company bank statements to show current revenue earnings.

As you are probably aware, you must show that you will be able to financially support your fiancee in order for her to be issued a fiancee visa. According to your taxes from last you, you have negative income. From what I can see based on your taxes, you do not have a positive income. Therefore you will not be able to prove that you can support your fiancee. Unfortunately the US Consulate in Manila doesn't usually take cosponsor's either. According to our initial hire details, you had informed us that you make about $100,000 annually. Can you please explain to me why your income is negative on your taxes? Thank you very much.

To My Accountant:

I sent him the 2006-2007-2008 tax files that you sent me yesterday. Issue is the US Embassy in Manila will need proof of income. My draws from 08-07-06 to present and it shows $181,677.00 in * Transport INC. There is also income for * Southwest in 2006. I am not sure what will satisfy them. Do you have any clue. Sorry to be a pain.

From My Accountant:

I have not heard from the Visa attorney. The 1099's do not apply in this case, your company whether a S-corp or Sole Proprietor does not issue 1099s to its owner. I will wait to hear from the attorney. Thanks

If anyone has been thru this can you please respond. I can get a letter of deposits from 2006 till today stating a average monthly balance of $15,000.00 and total deposits of $1,200,000.00 to date. I have a S Corporation in California. As the owner I pay myself in draws from equity. I can prove income from the checks to me from the Corporation totaling over $190,000.00 during the above mention time.

And have you reported the above $190,000.00 income to IRS?

[GregwedsAngel 0]

From my K1 Visa Attorney:

If you are self-employed, then you may not be able to provide W-2’s or a letter from your employer. In that case, it will help to provide a business license, 1099’s and three most recent months of company bank statements to show current revenue earnings.

As you are probably aware, you must show that you will be able to financially support your fiancee in order for her to be issued a fiancee visa. According to your taxes from last you, you have negative income. From what I can see based on your taxes, you do not have a positive income. Therefore you will not be able to prove that you can support your fiancee. Unfortunately the US Consulate in Manila doesn't usually take cosponsor's either. According to our initial hire details, you had informed us that you make about $100,000 annually. Can you please explain to me why your income is negative on your taxes? Thank you very much.

To My Accountant:

I sent him the 2006-2007-2008 tax files that you sent me yesterday. Issue is the US Embassy in Manila will need proof of income. My draws from 08-07-06 to present and it shows $181,677.00 in * Transport INC. There is also income for * Southwest in 2006. I am not sure what will satisfy them. Do you have any clue. Sorry to be a pain.

From My Accountant:

I have not heard from the Visa attorney. The 1099's do not apply in this case, your company whether a S-corp or Sole Proprietor does not issue 1099s to its owner. I will wait to hear from the attorney. Thanks

If anyone has been thru this can you please respond. I can get a letter of deposits from 2006 till today stating a average monthly balance of $15,000.00 and total deposits of $1,200,000.00 to date. I have a S Corporation in California. As the owner I pay myself in draws from equity. I can prove income from the checks to me from the Corporation totaling over $190,000.00 during the above mention time.

Hi, Greg here. I am a lawyer. All you need to do actually is to show proof that your reported income is correctly lodged with the IRS. That is what it means with "revenue earnings". Unless you can correctly show your bank statements and your assets to have been taxed properly. My question is, why is your lawyer asking is to show proof of what I stated above. He saw that your income claim do not match your tax returns. You are in deep trouble dude. Your income is not in question here... it is your tax returns against your income.

[Dakine 26]

Call 800 829 1040 and get your last 3 years of tax transcripts from IRS.

Your lawyer should have told you this.

You can have them faxed to you the same time you call or have them mailed to you which takes about 4 days.

The are more valid than 1099s or returns as they show you filed.

Edited August 1, 2009 by Haole

[AbbynSheryl 0]

hey

i am exactly on the same boat with u

i have a s corp and i am the sole owner

i send my wife in philippines my corporation certificate, my state licence and my transcripts from IRS for the year 2005, 2006,2007 and 2008

if u file tax for the corporation under your name then u r getting all the profit from the corporation and u paying tax on that amount to IRS.

if u have cpa just ask him to give u the copies of ur tax returns or just go to local IRS office and ask for the transcripts.

BTW manila dont care how much u put in the bank because they only care about the amount u pay tax on. as long as u pay over $17500.00

or close to about $20000.00 a year then u have no problem, but u need the proof that u make that much money and the proof they want is from IRS.

bcz that is the way immigration works.

goodluck and i hope it help u to understand.

abby n sheryl