Financial documents. ( Pls advise ).

[Hemal M 0]

For K1 Visa, what are all the financial documents needed by the petitioner.? If unemployed 3-4 months before the interview how to provide the financial support with the co-sponsor, and whats the minimum income required to be shown for the same.?

Kindly help regarding this matter, I greatly appreciate your reply.

[Dave&Roza 748]

For K1 Visa, what are all the financial documents needed by the petitioner.? If unemployed 3-4 months before the interview how to provide the financial support with the co-sponsor, and whats the minimum income required to be shown for the same.?

Kindly help regarding this matter, I greatly appreciate your reply.

You will need tax trascripts from the last year for your self and the co-sponsor. The co-sponsor may want to provide tax transcripts for the previous two years as well. The co-sponsor needs an employment letter and copies of the most recent pay stubs to back-up the income claim. The co-sponsor must make 125% above the poverty guidelines for his/her household size plus the intending immigrate. The poverty guidelines can be found here. If income is not sufficient, assets that are readily convertable to cash and do not cause an undo hardship if sold can be used. Assets in this case would be valued at 1/5 of their market value--if used by the co-sponsor. If you have enough assets to cover a household size of 2 (you and your fiance(e)) they will be at 1/3 the fair market value. Proof of that market value needs to be included if using assets--i.e. appraiser, blue book value, etc.

Good luck,

Dave

Edited November 19, 2012 by Dave&Roza

[Shounok 10]

Appraisers are used for house/apartments and blue book for Cars, isn't it ? but in case of jeweleries how anyone would show it ? Any ideas mate ?? Like if I show in the assets that I've 10 grands, so is it mandate that I've to disclose how much jeweleries I have or have to do a proper valuation from a certified agency or some thing ??

Edited November 20, 2012 by Shounok

[Dave&Roza 748]

Appraisers are used for house/apartments and blue book for Cars, isn't it ? but in case of jeweleries how anyone would show it ? Any ideas mate ?? Like if I show in the assets that I've 10 grands, so is it mandate that I've to disclose how much jeweleries I have or have to do a proper valuation from a certified agency or some thing ??

It is all about the documentation. I can state I have $50,000 worth of "stuff", but I have to PROVE that to the staisfaction of the USCIS or they will not accept it. Just the same as proving your current income is as stated by supplying pay stubs and a letter from your employer. Why is it that these items are asked for? They are accepted as proof that the income you put on the form is true and correct. So how do you do it for assets? Apprasials from a legit source. All this is used to show that the intending immigrate will not become a burden to the US taxpayer. So the USCIS has set a minimun amount of money the petitioner must meet--125% of the poverty level. This can be met with current income from a salary, income from a business, investment income, cash on hand, property--not the main residence, cars--typically not the primary source of transportation, and other assets to make up to the magic 125% level. The USCIS outlines rules for using assets if you choose to do so. You can also get the help of a co-sponsor.

Yes, you need to get a proper valuation from an authority in the area of teh asset that USCIS will accept. Otherwise they will reject the value.

Dave

[Hemal M 0]

Thanks alot for your kind reply. How long before the interview does the employment letter and paystubs need to be prepared ,.?