Proof of income for self-employed

[Forcefields 0]

I'll try to keep my story short. I started a new business last year and made decent money but (legitimately) wrote off much of my earnings as business expenses. After all my write-offs I was below the 125% threshhold. I guess I was erroneously thinking that they would look at my income before my write-offs as proof of adequate income on the I-864. I recently got a request for Initial Evidence (I-485) for proof that I am over the poverty level.

Being that I am completely self employed and my tax return from last year shows a very low gross income, I am wondering what is the best way to prove that I am currently well over the 125% threshhold.

I have already ordered a summary of deposits/withdrawals from the past 12 months from my bank which will show that I have plenty of income being deposited into my account. I am also thinking that I can photocopy and send each check that I have written myself from my business account to my personal account as this is how I pay myself.

Will these two pieces of evidence be sufficient to satisfy the I-864? Is there something else I can do to make sure that we don't get rejected or another request for evidence?

Thank you very much!

[Guest Abdeladim+Shannen]

I'll try to keep my story short. I started a new business last year and made decent money but (legitimately) wrote off much of my earnings as business expenses. After all my write-offs I was below the 125% threshhold. I guess I was erroneously thinking that they would look at my income before my write-offs as proof of adequate income on the I-864. I recently got a request for Initial Evidence (I-485) for proof that I am over the poverty level.

Being that I am completely self employed and my tax return from last year shows a very low gross income, I am wondering what is the best way to prove that I am currently well over the 125% threshhold.

I have already ordered a summary of deposits/withdrawals from the past 12 months from my bank which will show that I have plenty of income being deposited into my account. I am also thinking that I can photocopy and send each check that I have written myself from my business account to my personal account as this is how I pay myself.

Will these two pieces of evidence be sufficient to satisfy the I-864? Is there something else I can do to make sure that we don't get rejected or another request for evidence?

Thank you very much!

i am too self empoyed i show my tax imcome return and other recpits show them to them and give all the copies and them make it on a buniness paper the total and then add the tax total make it cleaR SIMPLE I HOPE THATS HELPS U

[anitacastillo 0]

I'll try to keep my story short. I started a new business last year and made decent money but (legitimately) wrote off much of my earnings as business expenses. After all my write-offs I was below the 125% threshhold. I guess I was erroneously thinking that they would look at my income before my write-offs as proof of adequate income on the I-864. I recently got a request for Initial Evidence (I-485) for proof that I am over the poverty level.

Being that I am completely self employed and my tax return from last year shows a very low gross income, I am wondering what is the best way to prove that I am currently well over the 125% threshhold.

I have already ordered a summary of deposits/withdrawals from the past 12 months from my bank which will show that I have plenty of income being deposited into my account. I am also thinking that I can photocopy and send each check that I have written myself from my business account to my personal account as this is how I pay myself.

Will these two pieces of evidence be sufficient to satisfy the I-864? Is there something else I can do to make sure that we don't get rejected or another request for evidence?

Thank you very much!

Do you prepare financial stmts? I think as of 9/30/09 would help, along with substantive proof of income (ie. cancelled checks or contracts).

Good Luck!!

[Brother Hesekiel 2,236]

Amend your tax return by taking off deductions you took until you reach the desired income level. Adding some income from your dog walking and babysitting side business makes it even easier.

Edited October 5, 2009 by Just Bob

[RUJEN 140]

I am self employed also, I also use every deduction I can which puts me below the poverty level on line 22.

I showed plenty of assets to overcome that hurdle and had no problem.

[Dakine 26]

I am self employed also, I also use every deduction I can which puts me below the poverty level on line 22.

I showed plenty of assets to overcome that hurdle and had no problem.

"I am self employed also, I also use every deduction I can which puts me below the poverty level on line 22"

[thepizzadude 26]

It is very frustrating when you think you have to give up allowable write offs to qualify to bring your fiance to the US, but that is the way the system is set up.

Along with your copies of the bank statements, get a letter from the bank that shows the deposits for the past year, balance and average monthly balance. The copies of the checks you speak of will only help if you can show they were deposited in the account.

Also, as someone else said previously AMEND your tax return from last year and do not take the deductions, it sux as you may have to pay some taxes that you wouldn't otherwise but unless you have substantial assets you can use it will probably be the only way outside of getting a co-sponsor.

Here are a few threads from the past that cover this issue extensively, worth a read.

http://www.visajourney.com/forums/index.ph...loyed&st=15

http://www.visajourney.com/forums/index.ph...=self++employed

I hope this helps you in some way.

[Dakine 26]

If self employed it's best to use tax transcripts in all your submittals!

[Dakine 26]

It is very frustrating when you think you have to give up allowable write offs to qualify to bring your fiance to the US, but that is the way the system is set up.

Along with your copies of the bank statements, get a letter from the bank that shows the deposits for the past year, balance and average monthly balance. The copies of the checks you speak of will only help if you can show they were deposited in the account.

Also, as someone else said previously AMEND your tax return from last year and do not take the deductions, it sux as you may have to pay some taxes that you wouldn't otherwise but unless you have substantial assets you can use it will probably be the only way outside of getting a co-sponsor.

Here are a few threads from the past that cover this issue extensively, worth a read.

http://www.visajourney.com/forums/index.ph...loyed&st=15

http://www.visajourney.com/forums/index.ph...=self++employed

I hope this helps you in some way.

Opps

Edited October 6, 2009 by Dakine