Any advice for self employed?

[PHC1 1]

Filling out the I-134 and will hopefully have the interview soon. Any advice for self employed?

Thanks!

[Darnell 8,478]

agi ok after schedule C deductions? if yes, yer golden !

then for current year, if you show billings/invoices/bank deposits, yer golden also !

Edited July 17, 2015 by Darnell

[PHC1 1]

agi ok after schedule C deductions? if yes, yer golden !

then for current year, if you show billings/invoices/bank deposits, yer golden also !

Ok financially but what documents should I bring being self employed?

[Darnell 8,478]

ya gotta show 2 major 'things':

1. prior year tax data and

2. current annual income.

1 is easy, it's yer complete tax return (all forms, schedules, 1099s, w-2s, etc. all)

2 is a projection - show two months of current income data, might be bank deposit slips, might be invoices, might be photos of checks - it all depends on how you are paid.

current annual income is never last year's agi, as current has no tax liability deducted.

[KayDeeCee 4,893]

ya gotta show 2 major 'things':

1. prior year tax data and

2. current annual income.

1 is easy, it's yer complete tax return (all forms, schedules, 1099s, w-2s, etc. all)

2 is a projection - show two months of current income data, might be bank deposit slips, might be invoices, might be photos of checks - it all depends on how you are paid.

current annual income is never last year's agi, as current has no tax liability deducted.

For self-employed, they can list the income amount from line 22 of their most recent 1040. That will be the income amount they will go by. Self-employed typically do not need to provide the current annual income projection evidence that an employee does/can.

OP, last 3 years of complete taxes or transcripts should work. Even just the most recent year would probably suffice, but you want to show as much as you can to prove your income meets the requirement and is steady and ongoing. You can add in contracts, quarterly profit/loss statements, and/or bank statements as well, if you wish.

[Darnell 8,478]

3 years on an I-134 ? OK !

[KayDeeCee 4,893]

3 years on an I-134 ? OK !

Sure. Most likely not completely necessary, but can help show the stable ongoing income beyond just providing the most recent year.

Just checked the instructions for Russia (OP's timeline states that is their consulate), and they want most recent plus employment letter and bank statements. So, OP could provide just the most recent plus some bank statements to show the income deposits.