meeting poverty guidelines usem

[TISAY 1]

Good day everyone...I just wanna ask if let's say you're just a few hundred dollars short in meeting the poverty guideline for k1... can money from savings account be added to to your income?

Your responses will be very much appreciated

Thanks

[Dave&Roza 748]

Good day everyone...I just wanna ask if let's say you're just a few hundred dollars short in meeting the poverty guideline for k1... can money from savings account be added to to your income?

Your responses will be very much appreciated

Thanks

Yes, assets can be used if they are readily convertable to cash and do not put an undue hardship on the sponsor if they are converted to cash. Primary car and home tend to fall in to the second category and are not allowed. Assets must be 3X the short fall. So if you are short $500, you will need $1500 in the bank to make up the difference. Just remember to provide documentary proof that the assets exist and their value.

Since you are dealing with the PI Embassy, you may want to check to see if they accept assets as they tend to read the rules regarding sponsorship for K-1s differently then other Embassies/Consulated. At least that is the way it appears here on VJ with the different stories.

Dave

Edited July 1, 2013 by Dave&Roza

[stevie b 141]

yes true.. check with the embassy specifics.. the 134 supporting document is subject to the interviewing officers mood (ok perception.. whatever).. the 864 is the real document.. the 134 is more of a intent to commit.. the 134 requirements are 100% of the poverty guideline, but there is no need to shoot for 100%, you need the 125% for AOS anyway

[TISAY 1]

Yes we didn't consider his car coz he only has 1 and he's living with his parents but not his dependents as they have their own income...he has way more than 1,500 in his account plus his share from a joint account of him, his mom and his brother....

So I believe were ok with that right? Whew! thanks so much for enlightening me...

I'll be having my interview later this month that'S why I'm making sure were good to go

Thank u so much again

[TISAY 1]

Yes we're aiming for the 125% which is $19387

[Hank_ 9,174]

Yes, assets can be used if they are readily convertable to cash and do not put an undue hardship on the sponsor if they are converted to cash. Primary car and home tend to fall in to the second category and are not allowed. Assets must be 3X the short fall. So if you are short $500, you will need $1500 in the bank to make up the difference. Just remember to provide documentary proof that the assets exist and their value.

Since you are dealing with the PI Embassy, you may want to check to see if they accept assets as they tend to read the rules regarding sponsorship for K-1s differently then other Embassies/Consulated. At least that is the way it appears here on VJ with the different stories.

Dave

A car or home can be used as an asset, just need to show the actual cash value. ...per the USCIS webpage, it states that property is acceptable, no exceptions are listed.

The requirement is 5 times the shortage for a K-1. ... easily found on the USCIS website.

yes true.. check with the embassy specifics.. the 134 supporting document is subject to the interviewing officers mood (ok perception.. whatever).. the 864 is the real document.. the 134 is more of a intent to commit.. the 134 requirements are 100% of the poverty guideline, but there is no need to shoot for 100%, you need the 125% for AOS anyway

For the Philippines, the embassy requires the most recent tax return, W-2 and the petitioner may include pay stubs and employer letter, bank statements if additional assets are in savings. The requirement is 125%, even with the I-134 for USEM, no exceptions.

[stevie b 141]

Yes we're aiming for the 125% which is $19387

1.25 X 19387

[stevie b 141]

A car or home can be used as an asset, just need to show the actual cash value. ...per the USCIS webpage, it states that property is acceptable, no exceptions are listed.

The requirement is 5 times the shortage for a K-1. ... easily found on the USCIS website.

For the Philippines, the embassy requires the most recent tax return, W-2 and the petitioner may include pay stubs and employer letter, bank statements if additional assets are in savings. The requirement is 125%, even with the I-134 for USEM, no exceptions.

the car can be claimed if it is a second vehicle.. home equity can count as long as it can be accessed within one year .. or is there a hidden 134 requirement again ??

[Darnell 8,478]

ya, study the I-864-P for the amounts,

then

study the instructions on the I-864 (yes, I said I-864, not I-134) for how assets are applied, and the math for assets, as

Manila IV will use the same rules when evaluating the I-134.

Go Get Em, and Good Luck !

[Hank_ 9,174]

the car can be claimed if it is a second vehicle.. home equity can count as long as it can be accessed within one year .. or is there a hidden 134 requirement again ??

Where does it say the car has to be a 2nd vehicle? I didn't read that anywhere (FYI a car does not have to be sold to access the equity). Also I did not read anywhere that it states the home equity has to be assessed easily within a year. Links to government websites for this please.

I-134 Neither of your statements are listed.

Edited July 2, 2013 by Hank_

[Hank_ 9,174]

ya, study the I-864-P for the amounts,

then

study the instructions on the I-864 (yes, I said I-864, not I-134) for how assets are applied, and the math for assets, as

Manila IV will use the same rules when evaluating the I-134.

Go Get Em, and Good Luck !

Yup, understand the I-864 has different requirements.

Where does USEM state for the I-134 its uses the I-864 requirements? I would like to add the link.

I know for some additional support evidence USEM lists it as required in the instructions letter.

[TISAY 1]

Huh 19387x1.25 ??????

Isnt it 15510 is 100%

And 19387 is Already the 125% ??????

[KayDeeCee 4,893]

Many of the consulates use the I-864 guidelines, even when using the I-134 for a K-1. If Manila requires the 125%, then they are already following at least one of the I-864 guidelines. The I-134 only requires 100%. The I-134 has vague instructions. The I-864 instructions detail how to count household size, and how to use assets. Assets are at 3 times for a spouse/fiance(e). It much better to be above the bare minimum of 3 times when using assets though. The more you have, the better.

And yes, $19,387 is 125% for a household of 2.

Edited July 3, 2013 by Jay-Kay

[Darnell 8,478]

Yup, understand the I-864 has different requirements.

Where does USEM state for the I-134 its uses the I-864 requirements? I would like to add the link.

I know for some additional support evidence USEM lists it as required in the instructions letter.

I did not say requirements, per se - But I'm writing of the math utilized for asset computation. It's known that assets are ok to use on the I-134, but there's no hard-core instructions on how to compute the math in the I-134 instructions. OTOH, it IS in the I-864 instructions, and most IV Units (I'm making a gross generalization here, thinking that Manila IV uses the same process) use the I-864 'math for assets' on the I-134.

[Hank_ 9,174]

I did not say requirements, per se - But I'm writing of the math utilized for asset computation. It's known that assets are ok to use on the I-134, but there's no hard-core instructions on how to compute the math in the I-134 instructions. OTOH, it IS in the I-864 instructions, and most IV Units (I'm making a gross generalization here, thinking that Manila IV uses the same process) use the I-864 'math for assets' on the I-134.

gross generalization ... hmm

USEM tends to cherry pick what it uses with the K-1, take assets for an example I-864 states 3 times, yet USEM wants 5 times which is the requirement with the I-134, now income requirement is 125% same as with the I-864, where the I-134 states 100%.

I don't know for fact what USEM uses for asset rules regarding automobiles and real estate with K-1 (aside from the 5 times), I know what is listed on the USCIS website for the I-134... which is fact not assumption, until someone posts different information from actual experience ... just the facts ma'am. And yes its better to error toward the more restricted side to remove the worry out of being close... but that is to ASSUME.