i-134 questions

[Kabbage 1]

My USC finance is self employed, doesn't have enough income yet and is unsure whether he has enough in savings for the i-134 form. However, I have savings in my country, which when combined with his savings would put us over the required $60k mark. Can we use my savings (which are in my sole name) to qualify or must it all be in his name in the US? Also, he does have a retirement account, could he use that as evidence of savings?

Thank you.

[TwoCats 55]

My USC finance is self employed, doesn't have enough income yet and is unsure whether he has enough in savings for the i-134 form. However, I have savings in my country, which when combined with his savings would put us over the required $60k mark. Can we use my savings (which are in my sole name) to qualify or must it all be in his name in the US? Also, he does have a retirement account, could he use that as evidence of savings?

Thank you.

$60k mark? (Huh? $60k would be like, a household size of 11)

How big is your household size?

How much does he make, and how much does he have in savings?

Edited March 24, 2011 by TwoCats

[Kabbage 1]

$60k mark? (Huh? $60k would be like, a household size of 11)

How big is your household size?

How much does he make, and how much does he have in savings?

I thought it was, for 2 people (him and myself) earnings of 19k a year or 3 times that in savings/assets? Is there any information anywhere I could look at? I looked at the instructions that go with the form but I didn't find them very helpful.

Thanks

[* Kristin * 49]

See here:

http://www.uscis.gov/files/form/i-864p.pdf

If it's just you two (no children, etc.), he needs to earn $18,367.

If he doesn't earn this - which it looks like he doesn't - he can use assets to make up the different (but if he has no income, that might be a bit difficult)?

Alternatively, seek a co-sponsor - a friend or family member - who can also fill out the form, in addition to your fiance.

I thought it was, for 2 people (him and myself) earnings of 19k a year or 3 times that in savings/assets? Is there any information anywhere I could look at? I looked at the instructions that go with the form but I didn't find them very helpful.

Thanks

[TwoCats 55]

I thought it was, for 2 people (him and myself) earnings of 19k a year or 3 times that in savings/assets? Is there any information anywhere I could look at? I looked at the instructions that go with the form but I didn't find them very helpful.

Thanks

Ahh, okay, that's where your number is from.

It's $18,387 for a household of two.

If he can't meet that amount with his income, then it is that amount ($18,387 - <his income>) multiplied by three (3) to get the amount you need in savings to cover the rest. I do not believe that for a K-1 you can actually use the beneficiaries assets/earnings, but I'm not 100% sure.

Is there anyone who could co-sponsor if you still don't meet the requirements?

I don't think a retirement account matters.

It has to be income/assets that can easily be turned into cash.

Edited March 24, 2011 by TwoCats

[Anh map 2,098]

Your savings should be able to be considered. See this page on the London Embassy website regarding the Public Charge Provisions -- >> http://london.usembassy.gov/faffidavit.html

[JoannaV 174]

Also remember the assets only need to be 3 times the difference between income and required income. (I'm assuming the 3x applies to fiance as well as spousal visas.) So if he can prove an income of $10,000 then you only need 3*8387=$25161 in savings.

[Nich-Nick 3,354]

I agree with Joanna. And London does allow the intending immigrant to show they have cash savings. It doesn't have to be in the USC's name or bank. I seem to remember maybe they might ask how you intend to get it to the US. I think somebody reported that once.

Good answer for that is "xe.com has great rates and transfers money quickly."

[Kabbage 1]

Thank you everyone for your help

[pushbrk 12,569]

Thank you everyone for your help

Just be aware that a self employed person's "income" will come from line 22 of their most recently filed tax return. Some self employed folks starting out will take advantage of all possible tax deductions and though they manage to survive, line 22 can be a negative number. This makes the minimum assets three times the shortfall in income. The shortfall could be bigger than the income requirement in "income" is a negative number. Look at the 2010 tax return.

[payxibka 10,045]

moving thread to:

US Embassy and Consulate Discussion

This is the place to post your experiences or questions related to this last step before moving to the US. Topics relating to I-134's, packets sent from consulate and medical & police certificates should be posted here.