co-spnsore Retired question help please

[ichigosama 1]

hello everyone

there is a friend who is going to be co-sponsor but he is Retired so he need to fill out the 134 affidavit of support

but what Evidence he need to give me beside the last 3 years of tax return and what else ?.

thanks

[Lynkali 163]

Tax transcripts are always preferred over tax returns -- you can order the tax transcripts free online from the IRS, and that takes care of all the tax info you should need. Strongly recommended.

As for proof of income -- it depends on what he has as retirement income, if any. Does he have a Social Security pension? If so, there should be a SSA-1099 form (I think that's the name) that shows his yearly or monthly pension payments. If he has a private pension, then there should be a similar type of form (1099-R I believe). If you don't have those, you may be able to get by with statements from his bank account showing the incoming monthly deposits.

If he has no income in retirement (or not enough to qualify based on income), then he'll need to use his assets such as his IRA and any savings/investment accounts he might have, which requires proof of totals as well as monthly statements.

If you need more guidance, you'll have to get more specific about his financial situation -- not every "retired" person has the same proof.

[ichigosama 1]

what is this mean Social Security pension

i dont understand if he is going to use his assets he need to fill another form ? or what

[Lynkali 163]

We can't answer for your friend because everyone has a different financial situation, and you haven't given many details. Many retired people in the USA get a pension in retirement (monthly retirement checks) from the Social Security Administration, so I thought that's what you were asking about. But I guess you weren't.

Is he going to use only assets, then? Then he will need to show around $100,000 in assets (5 times the income guidelines). He should still submit his tax transcript, but he will also need to supply proof of the value of his assets. If it's a bank/checking/investment account, then he should get a letter from the bank stating the current balance and how long the account has been open, as well as the latest statement showing the current balance.

Don't forget that he also needs to show proof of US citizenship, such as a copy of his passport or birth certificate. Or if he is a legal permanent resident, then a copy of his green card.