I-134 and freelance work

[Adam7745 0]

Hello, I have some questions about filling out the I-134. I work in post production which is freelance work, though mostly normal W-2. An employer letter is pretty useless since I work for different companies. So I should have 3 years of tax returns and a letter from my bank and bank statements? For annual income I should put: 2010? An average of the three years tax returns I will include?

Thanks for any advice anyone might have.

[Zen Den 18]

Hello, I have some questions about filling out the I-134. I work in post production which is freelance work, though mostly normal W-2. An employer letter is pretty useless since I work for different companies. So I should have 3 years of tax returns and a letter from my bank and bank statements? For annual income I should put: 2010? An average of the three years tax returns I will include?

Thanks for any advice anyone might have.

whatever latest income tax returns you have is ok and yes bank statements. on the form you will indicate your present income as well and proof of that so at the time of application, whoever your employer will be is useful =)

[Inky 1,110]

Annual income is not 3 years of income added up... its what you make in 1 year. That is what you put on annual income line.

[Adam7745 0]

whatever latest income tax returns you have is ok and yes bank statements. on the form you will indicate your present income as well and proof of that so at the time of application, whoever your employer will be is useful =)

Well my income is normally figured weekly or daily as opposed to yearly. I may work for company A for one month, then company B for 2 months, then Company C for 3 weeks. Then I may not work at all for a month, followed by company B for 4 months, while doing an occasional weekend for company A. Next year it repeats sometimes with new places. Gets complicated. Some recent pay stubs to help perhaps?

Annual income is not 3 years of income added up... its what you make in 1 year. That is what you put on annual income line.

No I wasn't going to do that, I was going to average them. 2010 was a good year, 2009 was not and maybe 40% less income then 2010, and 2008 was in between. They are all above the amount needed however.

[Anh map 2,098]

If you are considered to be self employed, then line 22 from your most recent form 1040 tax return is used as the income amount.

If you are a wage/salary earner then it is current year's annualized income that should be used. If you have several employers then you must calculate what you are most likely to earn this year and support that claim with pay stubs, employer letter(s), and any other evidence to support the claimed income amount.

[Adam7745 0]

If you are considered to be self employed, then line 22 from your most recent form 1040 tax return is used as the income amount.

If you are a wage/salary earner then it is current year's annualized income that should be used. If you have several employers then you must calculate what you are most likely to earn this year and support that claim with pay stubs, employer letter(s), and any other evidence to support the claimed income amount.

Sounds good, since I'm sort of both (the IRS and banks don't like me either) I'll use line 22 from 2010, include 2009 and 2008 as well, and final pay stubs from all employers worked at this year which will be the best estimate for a 2011 total.

Thank you!

[Karee 4,190]

Sounds good, since I'm sort of both (the IRS and banks don't like me either) I'll use line 22 from 2010, include 2009 and 2008 as well, and final pay stubs from all employers worked at this year which will be the best estimate for a 2011 total.

Thank you!

Make sure you don't owe the IRS anything. It'll come up at the interview.

[Adam7745 0]

Make sure you don't owe the IRS anything. It'll come up at the interview.

No problems in that area, I always get money back, because I rarely work all year.

[Gary and Alla 3,694]

Hello, I have some questions about filling out the I-134. I work in post production which is freelance work, though mostly normal W-2. An employer letter is pretty useless since I work for different companies. So I should have 3 years of tax returns and a letter from my bank and bank statements? For annual income I should put: 2010? An average of the three years tax returns I will include?

Thanks for any advice anyone might have.

For "current annual income" use your total PERSONAL income to date, divided by 11 months, x 12 = current annual income. Attach last years PERSONAL income tax return and the past three years IF it makes it look better for you. Support current income with bank deposits and/or a profit/loss statement from a CPA.

They use line 22 of the PERSONAL form 1040

[Adam7745 0]

For "current annual income" use your total PERSONAL income to date, divided by 11 months, x 12 = current annual income. Attach last years PERSONAL income tax return and the past three years IF it makes it look better for you. Support current income with bank deposits and/or a profit/loss statement from a CPA.

They use line 22 of the PERSONAL form 1040

I'll wait until my work is over for the year and just give a year end amount. I think having three years will help because people don't trust this kind of work, so I'll be showing that it's over the requirement for three running, along with the letter from bank and statements. I'm including both transcripts ordered from the IRS and a print out of my turbo tax filing to serve as the duplicate requirement.

[Gary and Alla 3,694]

I'll wait until my work is over for the year and just give a year end amount. I think having three years will help because people don't trust this kind of work, so I'll be showing that it's over the requirement for three running, along with the letter from bank and statements. I'm including both transcripts ordered from the IRS and a print out of my turbo tax filing to serve as the duplicate requirement.

That is fine also BUT the I-134 asks for CURRENT income. So even if you wait until January, February or March, the "current" income will not be the same as "last year" (2011) I suppose you could list the previous year's income and support it with the tax return.

[Adam7745 0]

That is fine also BUT the I-134 asks for CURRENT income. So even if you wait until January, February or March, the "current" income will not be the same as "last year" (2011) I suppose you could list the previous year's income and support it with the tax return.

Reminds me of trying to do a refi of a mortgage last year. We need your two most recent pay stubs. Sure thing, here you are. 3 weeks later, we are still looking, the bank doesn't like that you have only worked at the company for 2 months. But I've worked steady all year, just for different companies. I'm making good money, I've never been late on a payment, and my credit score is over 700. Yes, they don't like it, and mean time, we need your two most recent pay stubs. But, I just gave them to you. Yes, those aren't the most recent now... This went on and on.

I can make a guess at 2012 income as being the same as 2011 and support that with pay stubs from March or whatever it is, but of course there is no guarantee of future income, which is why everyone looking at my work for such purposes hates it.