AOS with assets only

[Readerchoice 6]

I have a question how you show your income on the AOS. I will have three years of my taxes but the second year will be below the minimum. My most recently will show I am almost twice about the minimum It is guaranteed income. Will this be a problem or are they really just interested in your close year to the present date.

I know it a little late to answer to this question, but I think they only care about your most present income and of course this required prove of employees letter. You'll find on AOS form mark as OPTION to attach 3 years prior income.

[Readerchoice 6]

Thankful for seeing this thread. Just got the same checklist as the OP

F - FINANCIAL EVIDENCE:______________________________________

The NVC has received the information you have submitted in reference to the Affidavit of Support. Please be advised that

the Affidavit of Support information you have provided does not appear to meet the minimum income requirement

according to the current poverty guidelines to sponsor the intending immigrant(s) for this petition. The consular officer will

make a decision regarding this requirement at the time of your interview. In order to avoid delays, you may wish to submit

an additional Affidavit of Support (Form I-864) for a/another Joint Sponsor to the National Visa Center to assist in

sponsoring the intending immigrants.

We are both living abroad so our incomes will stop when we move. We are using all cash as we've sold all our assets and living with my parents in anticipation of moving (really didnt expect it to take a year). We submitted current bank statements showing a combined total of $135k, anyone know if that would be sufficient for London embassy? Its mostly in my name (beneficiary). We are a household size of 2.

On the other hand we were expecting some trouble proving domicile with just a driver's license, bank statement, credit card statement & plane ticket. No problems with that at all

Because all of your asset is oversea and I don't know much about England law in regards if they have cap on wiring or transferring money out of the country once you move, but I assume there shouldn't be any problem. Unlike other country it's much difficult. If you read up on NVC website under immigration >>> AOS >>> using assets.....it will ask you to submit an official letter from an official government granting you once move oversea. I assume they will ask you this during interview so you may read up and do some research while your case still pending with NVC.

Here's a letter from a Law office answering questions to person whom using their asset in substitute of income.

www.youradwokat.com/documents/newdev/Financial-Requirements-for-Sponsoring-a-Spouse-for-Residence.pdf

[DemRa 4]

If you're using ASSET ONLY to prove and meet minium proverty line:

Than whatever current proverty guide line 125% shown X(times) 3 = Total

Required document: Need to prove 1 year of bank statement (checking / saving) not just saving. Asset must be CLEAR SOLID LIQUID.

Keep in mind when using your house or car etc....as asset. You'll need to minus any lien holder outstanding debt and provide all documents unless it paid off and able to convert them within 1 year into CASH. Of course all related documents must be attach at time form is submitted.

If your INCOME DOES NOT meet proverty guide line of 125%:

Example:

Required income for 2 is $19,000/yr

But your current income only $15,000/yr

Formula to calculated subtitute additional asset:

$19k - $15 = $4K diffrences

For IR-1 you would multiply by 3 and IR-5 is by 5.

You would take $4k X 3 = $12

So you would need to show and prove that you have clear liquid asset of $12,000 or more sitting around. I would suggest you shown more than just $12,000 just to be safe and of course CASH is king. For houses and cars you will need to prove it can be convert into cash within 1 year and mention above. Again CASH is king.

FYI -

For houses and cars still have lien holders chance are slim but workable depend on consular at time of interview.

If you're considering using income oversea. This can work too but unless you can prove that once you're in USA that job still rolling in $$$.

It's ok to use intending immigrant asset as mention must be clear liquid. You will need to prove that asset can be taken out of that country (due to some country has cap limit amount of $$$ you may need to get a approval from your country offical to clear this too).

I hope this will help some of you.

Hello Readerchoice

I am a parmanent resident. So to calculate the assets, I will be multiplying with 3 or 5?? Also, as you said I can use the assets of my wife from her country in that case will I be submitting the proof of that assest (i.e. bank statement or bank letter from her country) with the I-864 or we can just show that at the time of interview??

Thank you

[Readerchoice 6]

Hello Readerchoice

I am a parmanent resident. So to calculate the assets, I will be multiplying with 3 or 5?? Also, as you said I can use the assets of my wife from her country in that case will I be submitting the proof of that assest (i.e. bank statement or bank letter from her country) with the I-864 or we can just show that at the time of interview??

Thank you

If you're sponsoring your spouse it would be multiplying by 3 times the amount differences from your income or if there isn't any than 3x the 125% poverty guideline as stated above. And if you're including her (spouse) asset on I-864, NO she doesn't required to fill out I-864a because she the intended immigrant. I assume and suggested all Banks statements of at least a year (checking/saving this prove the money doesn't get inflated overnight and disappear once approved) must be submitted with I-864 and if possible government official letter stating allowing her to take that $$$ when she leave due to some strict country may have caps limit.

You can read an Attorney letter explaining in more depth details here,

http://www.youradwokat.com/documents/newdev/Financial-Requirements-for-Sponsoring-a-Spouse-for-Residence.pdf

Edited April 2, 2013 by Readerchoice

[DemRa 4]

Thank you Readerchoice.

I went through the link that you provided. It really cleared lots of my doubts. I want to be assure in certain things now. Please tell me what you think.

My last 3 years income is below poverty line. Currently I don't have any job. Hopefully I will have after a month and income will be more than required by PG. But if I put my 3*(125% PG value - my 2012 gross income), I will be able to meet my PG requirements. And thinking to put my wife's assets too. And I also have co-sponser. So what do you suggest, can I have both co-sponser as well as can I show my assets too?? or Just one will be sufficient???.. My major worry is currently I dont have a job to show my current income and that is what matters most in sponsership.

Thank you.

[Readerchoice 6]

Thank you Readerchoice.

I went through the link that you provided. It really cleared lots of my doubts. I want to be assure in certain things now. Please tell me what you think.

My last 3 years income is below poverty line. Currently I don't have any job. Hopefully I will have after a month and income will be more than required by PG. But if I put my 3*(125% PG value - my 2012 gross income), I will be able to meet my PG requirements. And thinking to put my wife's assets too. And I also have co-sponser. So what do you suggest, can I have both co-sponser as well as can I show my assets too?? or Just one will be sufficient???.. My major worry is currently I dont have a job to show my current income and that is what matters most in sponsership.

Thank you.

Hi Demra,

Here's are my thought,

* They only concern about your current job/wages and not previous years, plus 3 years IRS taxes transcript is just optional if you look at the form. BUT, most lawyers suggested that you submit with AOS package to avoid RFE later.

* Are you in the process of submitting AOS package? If yes you may wants to delay it by a month when you get that job than fill it out, put in your most recent income along with employment letter, of course and all pay stub up to 6 months but in this case just submit whatever you have. If you still don't have a job by than you CAN NOT put 2012 wages as your current income and minus the differences and will have to checked box as CURRENTLY UNEMPLOYED.

-***- If you're currently making enough to cover PG than you don't need a co-sponsor, it only asking for more documents and making it more complicated. Unless you have a jobs but doesn't meet PG or still don't have a job than YES you will need a co-sponsor.

* Using Asset is optional if you don't meet PG. In the case you have a jobs OR required a Co-sponsor making over PG than ASSETS is not required to be fill out, but in some cases the wages is just barely over minimum PG I would include ASSETS to make it look good.

The main reason they're allowing co-sponsor or assets is because there are MANY people that doesn't meet PG criteria. Best and most effective method is to have a sponsor if you don't meet PG. If you can't find a sponsor than assets will be your last resort. Using assets will solely depend on consular at the time of interview, they will go over your assets and also determine both petitioner/beneficiary education level as this will avoid the burden to society.

Hope this help.

Edited April 3, 2013 by Readerchoice

[DemRa 4]

Thank you Readerchoice.

After reading your reply, I have came up with the following idea. Please let me know if it works fine.

As you suggested, I might wait for a month until I get a job. If I won't find any job by one month I have a co-sponser. And I will put my bank balance as my assets even if it is not upto the PG requirement. Here you said 3 times the difference value but some said it's 5 times the difference value cause I am a permanent resident and I am in F2A category. It is confusing me!!!!

The main thing that I want to know is if I get a job after I submit my I-864, can I submit the proof of my current income (i.e. Employeement letter and pay stubs) again to NVC before case is complete or say at the time of interview if case is with the embassy.

I just don't want to mess the case after waiting for such a long time just because of income.

Thank you

Hi Demra,

Here's are my thought,

* They only concern about your current job/wages and not previous years, plus 3 years IRS taxes transcript is just optional if you look at the form. BUT, most lawyers suggested that you submit with AOS package to avoid RFE later.

* Are you in the process of submitting AOS package? If yes you may wants to delay it by a month when you get that job than fill it out, put in your most recent income along with employment letter, of course and all pay stub up to 6 months but in this case just submit whatever you have. If you still don't have a job by than you CAN NOT put 2012 wages as your current income and minus the differences and will have to checked box as CURRENTLY UNEMPLOYED.

-***- If you're currently making enough to cover PG than you don't need a co-sponsor, it only asking for more documents and making it more complicated. Unless you have a jobs but doesn't meet PG or still don't have a job than YES you will need a co-sponsor.

* Using Asset is optional if you don't meet PG. In the case you have a jobs OR required a Co-sponsor making over PG than ASSETS is not required to be fill out, but in some cases the wages is just barely over minimum PG I would include ASSETS to make it look good.

The main reason they're allowing co-sponsor or assets is because there are MANY people that doesn't meet PG criteria. Best and most effective method is to have a sponsor if you don't meet PG. If you can't find a sponsor than assets will be your last resort. Using assets will solely depend on consular at the time of interview, they will go over your assets and also determine both petitioner/beneficiary education level as this will avoid the burden to society.

Hope this help.

Edited April 3, 2013 by DemRa

[Readerchoice 6]

Thank you Readerchoice.

After reading your reply, I have came up with the following idea. Please let me know if it works fine.

As you suggested, I might wait for a month until I get a job. If I won't find any job by one month I have a co-sponser. And I will put my bank balance as my assets even if it is not upto the PG requirement. Here you said 3 times the difference value but some said it's 5 times the difference value cause I am a permanent resident and I am in F2A category. It is confusing me!!!!

The main thing that I want to know is if I get a job after I submit my I-864, can I submit the proof of my current income (i.e. Employeement letter and pay stubs) again to NVC before case is complete or say at the time of interview if case is with the embassy.

I just don't want to mess the case after waiting for such a long time just because of income.

Thank you

I really don't know how much is required for permanent resident when filed I-864, you should read up in the NVC >>> immigrant >>> AOS .....as I recall and don't see anywhere it said differences for permanent resident and USC require 5 times the amounts but like I stated just check.

I wouldn't suggest submitting ANOTHER I-864 but rather bring all those documents to the interview which is most crucial moment and will save you time too. I know in person someone accidentally submitted I-864 which her income below PG without assets or sponsor, her case still get completed at NVC and transfer to local Embassy. But On the day of interview, CO told beneficiary to either find a sponsor fill out and complete form I-864A or prove of assets. Instructed by CO where to submit them and after 1 week of submitting required documents they got visa in the mail.

Don't need to stress yourself out over INCOME on your I-864 if you have a sponsor, also including your assets as option if you have doubt. Only thing I would be worry if income is zero, can't find sponsor, assets is just meet minimum PG.

Edited April 3, 2013 by Readerchoice

[rickjames8 0]

In case it helps anyone, I recently submitted my AOS with assets-only. I did this because I lived outside the US previously, had zero reported income for the USA, and could not easily document my overseas wages.

I own a rental property in the USA worth $63,000, with no loans. That, plus about $7,000 in the bank is what I listed. I included a letter stating the reasons for my lack of documented income. Not sure if that letter made any difference.

Our DS230 was recently requested. I assumed that meant the AOS was approved and we were allowed to proceed to the next step. Is that correct?

I am providing for 2 and also came up wit the $57,000 figure for minimum. If my assumtions are correct, then $70,000 was enough.

[S&SUSAUK 1]

In case it helps anyone, I recently submitted my AOS with assets-only. I did this because I lived outside the US previously, had zero reported income for the USA, and could not easily document my overseas wages.

I own a rental property in the USA worth $63,000, with no loans. That, plus about $7,000 in the bank is what I listed. I included a letter stating the reasons for my lack of documented income. Not sure if that letter made any difference.

Our DS230 was recently requested. I assumed that meant the AOS was approved and we were allowed to proceed to the next step. Is that correct?

I am providing for 2 and also came up wit the $57,000 figure for minimum. If my assumtions are correct, then $70,000 was enough.

We also filed I-864 with assets only, as our income streams are both UK based and will stop when we leave. We received a checklist stating that we "do not appear to meet the minimum income requirement". Apparently the ultimate decision is with the consular officer at the interview to accept your asset level or not, despite pretty concrete guidelines at NVC.

[DemRa 4]

Thank you Readerchoice and everyone.

Hope my join sponsership will solve the problem cause that's the only thing that I can afford right now.

Good luck to all.

Thanks.