Do You Believe This?

[Gary and Alla 3,694]

but you still report the income even if it is written off - USCIS doesn't look at your exemptions or itemizations

Not when self employed. You report the result of your Schedule C in Total income. USCIS looks at line 22. If income is written off as a business expense or cost it is not counted as income...by the IRS or the USCIS. In fact you can go back and directly link to several other of my posts that detail just this...but I doubt you will.

[Trumplestiltskin 5,791]

Hell yeah. I got out of college right before Y2K, they were hiring us without even knowing what we'd be doing. Good times.

I remember those days - 1997-2000 were good years to be in IT.

[^_^ 5,021]

I remember those days - 1997-2000 were good years to be in IT.

Yeah. It was an awesome time to graduate.

[I AM NOT THAT GUY 5,715]

Oh and BTW - we've moved well beyond "everyones gonna make money on the Internet". Now it's all about how IT is gonna help you lay off a whole bunch of people and save on payroll

It worked about 20 years ago, to get rid of all those overpaid engineers in the manufactured home industry. A salesrep asked me what I thought of the current year's production. I said, "Not bad, but the engineering sucks. As a matter of fact, it has sucked for the last couple of years."

The salesrep replied, "I'll let you in on a secret: We fired all our engineers a couple of years ago. We have CAD now."

Edited July 15, 2010 by ##########

[Trumplestiltskin 5,791]

Yeah. It was an awesome time to graduate.

Yep, yep. Used to be easy to make money on freelance web-design too.

Not so easy today of course.

[justashooter 430]

Oh and BTW - we've moved well beyond "everyones gonna make money on the Internet". Now it's all about how IT is gonna help you lay off a whole bunch of people and save on payroll

and do it by hiring indian IT guys with fake degrees and resumes (reports indicate that up to 40% of them are, while anecdotal evidence indicates something more like 80% - i have a friend who manages a large portion of penna's state IT system who has flushed a $hitload of indian flunkies).

[^_^ 5,021]

and do it by hiring indian IT guys with fake degrees and resumes...

I know.

Edited July 15, 2010 by Legacy member

[Gary and Alla 3,694]

also - bonuses would be reported as income

They were and are. I did not receive any with my current position until 2008, and they were not reported until 2009. They were not on my 2007 return which is what was used for the I-134.

This is like saying a wealthy guy now was not wealthy when he was a student, so he isn't wealthy. And what is the point? Gary isn't wealthy? And what then? Oh, I know...I will suddenly support free health care, welfare and unemployment? I will become a Democrat and vote for Obama?

I also did not understand the system and was getting advice from people here, no I did not want to list stocks and investments if not needed and therefore posed the question as "I have none of that stuff...now what?" In fact you have a lot more information about me than I do about you because I have nothing to be ashamed of. You take a description of what someone proposes to present on an I-134 and assume you know everything about that person financially for all time since then.

[I AM NOT THAT GUY 5,715]

Not when self employed. You report the result of your Schedule C in Total income. USCIS looks at line 22. If income is written off as a business expense or cost it is not counted as income...by the IRS or the USCIS. In fact you can go back and directly link to several other of my posts that detail just this...but I doubt you will.

Yep. A few folks took some accelerated deductions, only to find they didn't have enough reportable income. Of course, writing off more than the business share of vehicles and personal property can generate an audit...

[Trompe le Monde 1,107]

Not when self employed. You report the result of your Schedule C in Total income. USCIS looks at line 22. If income is written off as a business expense or cost it is not counted as income...by the IRS or the USCIS. In fact you can go back and directly link to several other of my posts that detail just this...but I doubt you will.

They don't just look at line 22 - I was employed abroad during the tax year that I filed and would have required a co-sponsor if they did as I earned little money in the US that year. Since my foreign source income well exceeded the requirements it seems that the whole of the 1040 is examined.

Besides, $55k is when you were working for someone else the year prior. No shame in that but why pretend your situation is otherwise?

[Gary and Alla 3,694]

Yeah. It was an awesome time to graduate.

FYI, I am a mechanical engineer. It is still a good time for them.

[Trumplestiltskin 5,791]

They were and are. I did not receive any with my current position until 2008, and they were not reported until 2009. They were not on my 2007 return which is what was used for the I-134.

This is like saying a wealthy guy now was not wealthy when he was a student, so he isn't wealthy. And what is the point? Gary isn't wealthy? And what then? Oh, I know...I will suddenly support free health care, welfare and unemployment? I will become a Democrat and vote for Obama?

I also did not understand the system and was getting advice from people here, no I did not want to list stocks and investments if not needed and therefore posed the question as "I have none of that stuff...now what?" In fact you have a lot more information about me than I do about you because I have nothing to be ashamed of. You take a description of what someone proposes to present on an I-134 and assume you know everything about that person financially for all time since then.

You realise, of course, that you don't need to defend yourself. I don't think many people really care if you're rich or not. Doing so kinda suggests that you're letting people get to you.

[elmcitymaven 9,712]

I also did not understand the system and was getting advice from people here, no I did not want to list stocks and investments if not needed and therefore posed the question as "I have none of that stuff...now what?"

Sure. We believe you. Just like we believe you self-financed your operations.

[Trompe le Monde 1,107]

yeah, I though health insurance was for losers and parasites?!?

Still, we have come to not expect consistency from Gary, so it's no surprise.

[elmcitymaven 9,712]

yeah, I though health insurance was for losers and parasites?!?

Still, we have come to not expect consistency from Gary, so it's no surprise.

He's consistent in his love of sleeping naked.