Co Sponsor Income Requirements?

[RangerTim 0]

Unfortunately, I hired an incompetent, unreliable attorney, but that's another long, drawn-out story. Fortunately, I have been reading the posts in VisaJourney which has help me to direct him. I understand that I will need a co-sponsor and a friend (i.e., single man and no other dependents) has agreed to being our co-sponsor. As usual, my attorney sends me an iPhone text reply of "No", but does not give me any clarification as to how much total income or "adjusted gross income" the Guangzhou consulate needs to see along with my co-sponsor's 1-864. (My email and attorney's reply shown below.) Is this immigration attorney correct? If so, please tell me the minimum amounts of adjusted gross income the Guangzhou consulate needs to see? I can never get a straight answer from this attorney and working with him has been a nightmare. It's a shame I did not know about VisaJourney.com before I hired this guy. (I did erase this attorney's last name and email, but I would love to warn everyone about him.)

From: Michael

Subject: Re: AGI for Co-Sponser

To: "Timothy

Date: Tuesday, June 7, 2011, 4:23 PM

No please find someone else. They look at adjusted gross income numbers only.

Sent from my iPhone

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On Jun 7, 2011, at 6:16 PM, Tim wrote:

Michael,

My co-sponsor will be getting his 2010 income taxes finished this week. Meanwhile, he has informed me that his incomes are as follows:

2008 - $123,848 total income and he is looking up his AGI, but he knows it was far in excess of $40,000. (He was self-employed, but retired this year.)

2009 - $29,340 gross and AGI is $7,000+. ($22,340+/- is from Social Security)

2010 - $29,281 gross and AGI is $7,777+. ($21,504 is from Social Security)

Like many people, he was filing with Schedule C’s and taking as much write-off as possible.

Let me know if this is enough. Thanks.

Tim

Furthermore, my co-sponsor has about $77,000 in the bank and another $250,000 invested as mortgages which could be easier sold - if needed. When I began this process I had about $98,000 in the bank and a "structured settlement" with a face value of $71,900 (i.e., $50,000 market value). Now I'm down to $40,000 in the bank, but will easy make more than this in 2011.

I met my wife while working in Chengdu in commercial real estate development. Of course, the economy tanked in 2008, I've since lived off of my savings, make no income the last 3 years and I am just now recovering. However, I will easy make an income well over the 125% poverty level this year. Somebody, please give me some good financial advice about what does the consulate really look for when they look at a co-sponsor's financials??? How much money do we need to show as "adjusted gross income" for my co-sponsor? Thanks. Tim

[Tim/Mav 305]

Unfortunately, I hired an incompetent, unreliable attorney, but that's another long, drawn-out story. Fortunately, I have been reading the posts in VisaJourney which has help me to direct him. I understand that I will need a co-sponsor and a friend (i.e., single man and no other dependents) has agreed to being our co-sponsor. As usual, my attorney sends me an iPhone text reply of "No", but does not give me any clarification as to how much total income or "adjusted gross income" the Guangzhou consulate needs to see along with my co-sponsor's 1-864. (My email and attorney's reply shown below.) Is this immigration attorney correct? If so, please tell me the minimum amounts of adjusted gross income the Guangzhou consulate needs to see? I can never get a straight answer from this attorney and working with him has been a nightmare. It's a shame I did not know about VisaJourney.com before I hired this guy. (I did erase this attorney's last name and email, but I would love to warn everyone about him.)

From: Michael

Subject: Re: AGI for Co-Sponser

To: "Timothy

Date: Tuesday, June 7, 2011, 4:23 PM

No please find someone else. They look at adjusted gross income numbers only.

Sent from my iPhone

------------------------------------------------------------------------------------------

On Jun 7, 2011, at 6:16 PM, Tim wrote:

Michael,

My co-sponsor will be getting his 2010 income taxes finished this week. Meanwhile, he has informed me that his incomes are as follows:

2008 - $123,848 total income and he is looking up his AGI, but he knows it was far in excess of $40,000. (He was self-employed, but retired this year.)

2009 - $29,340 gross and AGI is $7,000+. ($22,340+/- is from Social Security)

2010 - $29,281 gross and AGI is $7,777+. ($21,504 is from Social Security)

Like many people, he was filing with Schedule C's and taking as much write-off as possible.

Let me know if this is enough. Thanks.

Tim

Furthermore, my co-sponsor has about $77,000 in the bank and another $250,000 invested as mortgages which could be easier sold - if needed. When I began this process I had about $98,000 in the bank and a "structured settlement" with a face value of $71,900 (i.e., $50,000 market value). Now I'm down to $40,000 in the bank, but will easy make more than this in 2011.

I met my wife while working in Chengdu in commercial real estate development. Of course, the economy tanked in 2008, I've since lived off of my savings, make no income the last 3 years and I am just now recovering. However, I will easy make an income well over the 125% poverty level this year. Somebody, please give me some good financial advice about what does the consulate really look for when they look at a co-sponsor's financials??? How much money do we need to show as "adjusted gross income" for my co-sponsor? Thanks. Tim

I think your Attourney is full of Hogwash. Taking in the amount of savings between Sponsor and Co-Sponsor and also GROSS Income is used and not AGI.

SSI of the Co-Sponsor covers Over the poverty line.

Liquid Assets are countable as well.

I would wait for Pushbrks Reply.

[Tim/Mav 305]

I think your Attourney is full of Hogwash. Taking in the amount of savings between Sponsor and Co-Sponsor and also GROSS Income is used and not AGI.

SSI of the Co-Sponsor covers Over the poverty line.

Liquid Assets are countable as well.

I would wait for Pushbrks Reply.

Also, your Post indicates I will make more than $40,000.00 this year. Well, USCIS will look at Currant Income. So what have you made for 2011 thus far and show proof. You maynot even need a Co-Sponsor but there might be more to this.

[RangerTim 0]

Hi Mav, Thanks for your reply. I agree with you because this attorney has been unbelievably wrong in the past. Because I've been working in real estate, I do have some commissions due at upcoming closings and should make at least $40,000 this year. However, I have not yet closed on these transaction and collected commissions. I was just asking on this forum to see if anyone else has heard of a required adjusted gross income requirement before. It seems stupid because I know some men who have married and a portion of their income comes from social security checks. Likewise, if this attorney is correct I was asking, "What is the minimum amount of money that's required to show on the adjusted gross income for a co-sponsor's I-864"???