Income Questions

[rmncm 0]

Hi guys and gals, now it is my time to stress...

Here is my situation:

I have been on workers comp for the past 2 years so according to my tax records I have Zero income. I am just starting litigation with workers comp on a settlement but it could take 6+ months to settle. If I go back 3 years on taxes I was off that year do to being a student and recovering from a different surgery. I am unable to return back to my prior kind of work due to ongoing medical issues related to my injury.

I had talked to my dad about being a sponsor for the I-864 and he said he would. So we requested his tax transcrips and here is were the problem lies. He is a medically retired disabled Vetren, is retired from the Airforce and draws SS. His monthly deposits are around $5000 a month for the rest of his life, more then enough for sponsorship, the problem lies in all but $16,000 is tax free. So on his tax transscripts he only claims $16,000. He owns a house but it has no equity and or just a little bit.

What are we going to have to provide to show his income for the I864? Bank records? Letters from the Vets Admin. and so forth? It's kind of a crappy situation to be in. My doc all along was telling me I would be able to return back to my prior work but after all this time I still have issues and the insurance compy finally said enough is enough. So i am stuck between this litagation and being unable to provide enough income proff. Any ideas?

Thanks.

[payxibka 10,047]

maybe a different joint sponsor

[rmncm 0]

Well I dont have any other family. My dad, my sis and my children. I really dont have any close friends to ask either, atleast not ones who make enough to sponsor...my family size will be 5. If i could go back to my old job i make enough and then some.

[dwiz123 0]

Submit an Affidavit of Support with an explanation and proof of your pending Workmens Comp case. Also submit a co-sponsor Affiavit of Support from your dad with copy of 2007 tax return, 1099 forms, and statement of benefits from VA.

And the trickiest part is to package appropriately your explanation for not filing tax return and lack of current income.

Hi guys and gals, now it is my time to stress...

Here is my situation:

I have been on workers comp for the past 2 years so according to my tax records I have Zero income. I am just starting litigation with workers comp on a settlement but it could take 6+ months to settle. If I go back 3 years on taxes I was off that year do to being a student and recovering from a different surgery. I am unable to return back to my prior kind of work due to ongoing medical issues related to my injury.

I had talked to my dad about being a sponsor for the I-864 and he said he would. So we requested his tax transcrips and here is were the problem lies. He is a medically retired disabled Vetren, is retired from the Airforce and draws SS. His monthly deposits are around $5000 a month for the rest of his life, more then enough for sponsorship, the problem lies in all but $16,000 is tax free. So on his tax transscripts he only claims $16,000. He owns a house but it has no equity and or just a little bit.

What are we going to have to provide to show his income for the I864? Bank records? Letters from the Vets Admin. and so forth? It's kind of a crappy situation to be in. My doc all along was telling me I would be able to return back to my prior work but after all this time I still have issues and the insurance compy finally said enough is enough. So i am stuck between this litagation and being unable to provide enough income proff. Any ideas?

Thanks.

Edited July 17, 2008 by kalai&malia

[rmncm 0]

Thanks, well even though I dont have any income I still filled taxes. What helps me out or I think helps me out is I have split custody of my 3 children and I also get the tax write offs and I pay no chid support. Hopefully this will help me in the long run. Would 3 years of records of deposits into his bank account also show enough support? Every month the deposits are the same and on the same day excluding weekends. I know we can get the information as to his awards from the DAV (Disable American Veterns) I just dont know if they can certify it or notarize but maybe they can, they are after all part of the goverment.

Thanks again!

[rmncm 0]

Anybody else have anything to add?

[badspellor 0]

Anybody else have anything to add?

You can make up for income under the level with assets. The guideline is 3X the difference between the 125% poverty line and your (or your cosponsor's) income. If your income is $0, then it would be $51,336 worth of assets if it's just you and your spouse (no kids). If the income is $16k a year, then you only have to show $3,336 worth of assets. You can use equity in your house, value of a second vehicle, mutual funds, anything that could reasonably converted to cash within a year.

[rmncm 0]

Anybody else have anything to add?

You can make up for income under the level with assets. The guideline is 3X the difference between the 125% poverty line and your (or your cosponsor's) income. If your income is $0, then it would be $51,336 worth of assets if it's just you and your spouse (no kids). If the income is $16k a year, then you only have to show $3,336 worth of assets. You can use equity in your house, value of a second vehicle, mutual funds, anything that could reasonably converted to cash within a year.

So if I understand it, my co-sponsor has 16,000 bucks in reportable income even though he makes over $50,000 a year and his house is worth $200,000 but has maybe $10,000 in equity.. we would be short say $10,000 (i dont have the guidelines in front of me) assuming we needed 36,000 in income, correct? Am i understanding it right?

I just hope they will accept his VA comp and Military retirement.

[nunyab 0]

can't a "co-sponser" add to the gross dollar?

[badspellor 0]

So if I understand it, my co-sponsor has 16,000 bucks in reportable income even though he makes over $50,000 a year and his house is worth $200,000 but has maybe $10,000 in equity.. we would be short say $10,000 (i dont have the guidelines in front of me) assuming we needed 36,000 in income, correct? Am i understanding it right?

I just hope they will accept his VA comp and Military retirement.

Even if only $16k of it is taxable, isn't the full amount of income on the transcripts as gross? If not, and the NVC/Consulate won't take 3 years worth of stubs (or some other official annual summary statement) then you've still got the asset option. You'd only need $36k in annual income if the household size is 6 people including yourself (i.e. You, your spouse and 4 kids). If that's the case, then you're $20k short in annual income BUT when making up the difference in assets, it has to be THREE TIMES the difference to be made up. $20k times 3 = $60k. If it is just you and your spouse, 125% the poverty level is $17,500. That's a $1,500 difference, times 3 is $4,500. $10k in home equity would cover it and then some.

http://travel.state.gov/visa/immigrants/info/info_1327.html

http://www.uscis.gov/files/form/I-864.pdf (page 9, #29)

[SeiChii 1]

Hi guys and gals, now it is my time to stress...

Here is my situation:

I have been on workers comp for the past 2 years so according to my tax records I have Zero income. I am just starting litigation with workers comp on a settlement but it could take 6+ months to settle. If I go back 3 years on taxes I was off that year do to being a student and recovering from a different surgery. I am unable to return back to my prior kind of work due to ongoing medical issues related to my injury.

I had talked to my dad about being a sponsor for the I-864 and he said he would. So we requested his tax transcrips and here is were the problem lies. He is a medically retired disabled Vetren, is retired from the Airforce and draws SS. His monthly deposits are around $5000 a month for the rest of his life, more then enough for sponsorship, the problem lies in all but $16,000 is tax free. So on his tax transscripts he only claims $16,000. He owns a house but it has no equity and or just a little bit.

What are we going to have to provide to show his income for the I864? Bank records? Letters from the Vets Admin. and so forth? It's kind of a crappy situation to be in. My doc all along was telling me I would be able to return back to my prior work but after all this time I still have issues and the insurance compy finally said enough is enough. So i am stuck between this litagation and being unable to provide enough income proff. Any ideas?

Thanks.

good day!!! not a problem if ur not working at the moment. u can use ur add income as a joint sponsor but if it doesnt fit in the povertly line u can ask someone who will be the second joint sponsor goodluck to you!!!

[rmncm 0]

Well Vetrens benifits are not even reportable. This amounts to almost 2500 a month of his income whis is 30,000 a year tax free. His retirement from the military is about $1000 a month tax free.

I guess I am having a problem wrapping my head around how this is figured out. Let me try again, he has 16,000 in income on his taxes. I need 31,000 in income or 31,000 - 16,000 = 15,000 x 3 = 45,000 in assets. Is this correct? if so...grr that isnt going to work. God I hope they will accept his un reportable income, after all it comes from the federal goverment.

I wonder if I could get a expidite do to finacial hardship...lol. God I hope my attny hurries up on this litigation.

[SeiChii 1]

hi there. if its not insufficient u can ask another joint sponsor as long u meet the poverty line. i think they more concern about being public charge if you dont meet the poverty line goodluck

[rmncm 0]

hi there. if its not insufficient u can ask another joint sponsor as long u meet the poverty line. i think they more concern about being public charge if you dont meet the poverty line goodluck

Are you saying have 2 joint sponsors that equal 31,000? As I stated I have no family besides my dad and sister and my kids. I doubt any of my friends would jump on board, many if not all dont make that much per year.

[john_and_marlene 162]

The income for the I-864 does not have to be taxable income. The VA disability is income. I get a yearly letter from the VA that says how much income I get from them. Add all income sources together and provide documentation of the income. You don't need a different joint sponsor and you don't need to show assets. His income is adequate.