sponsor without tax return, is it ok??

[Jaime&Khalid 0]

i had someone offer to sponsor my fiance.. she is retired and on social security.. she is way above the required poverty requirement for 2 people.. She does not have a tax return but all bank statements to prove her income along with letters from social security.. Can she sponsor without a tax return???

[az110965 252]

All co-sponsors are required to submit tax returns with either W-2's if employed, interest statements if income is derived from investments, etc..

Just because your co-sponsor is on social security does not preclude her from filing tax returns (even if no tax is owed). She will not be an acceptable co-sponsor because of this fact. I believe that all people must file a return if they have income exceeding $3,000 per year. If she receives social security in an amount to place her over 125% of the poverty rate she'd most certainly have to file a return.

[bestofboston 36]

Perhaps she can get her friend to file her return for last year or so. Its never to late to file. Just cost a little more.

Then you could use the person as a co-sponsor.

[sheeshkabelle 153]

Social Security and VA benefits are tax exempt. If a person has other retirement income other than these two, then they file a US tax return on the amount of the other benefits, only if those benefits exceed $25,000.00 a year (including Social Security and VA)

The answer to your question is:

A) if all your co-sponsor makes is from Social Security Benefits, she does not have to file an IRS tax return and her statement of benefits from the Social Security Administration is enough.

B) I your co-sponsor has another form of income, (retirement savings etc) other than VA benefits, then he/she should have been filing an IRS tax return. Period.

C)if your co-sponsor receives Social Security and VA benefits, they do not have to file with the IRS no matter what the amount is.

[sheeshkabelle 153]

Paying taxes on your benefits

Some people who get Social Security have to pay taxes on their benefits. About one-third of our current beneficiaries pay taxes on their benefits. You will be affected only if you have substantial income in addition to your Social Security benefits.

If you file a federal tax return as an “individual” and your income is more than $25,000, you have to pay taxes.

If you file a joint return, you may have to pay taxes if you and your spouse have a combined income that is more than $32,000.

If you are married and file a separate return, you will probably pay taxes on your benefits.

For more information, contact the Internal Revenue Service.

[az110965 252]

Social Security and VA benefits are tax exempt. If a person has other retirement income other than these two, then they file a US tax return on the amount of the other benefits, only if those benefits exceed $25,000.00 a year (including Social Security and VA)

The answer to your question is:

A) if all your co-sponsor makes is from Social Security Benefits, she does not have to file an IRS tax return and her statement of benefits from the Social Security Administration is enough.

B) I your co-sponsor has another form of income, (retirement savings etc) other than VA benefits, then he/she should have been filing an IRS tax return. Period.

C)if your co-sponsor receives Social Security and VA benefits, they do not have to file with the IRS no matter what the amount is.

Sorry - it appears that I spoke too soon and that the information above IS correct. If all income is derived from social security then a federal tax return is not required. BUT if the co-sponsor receives any othe income then a return is mandatory.