Proving financial status with I-129F

[sativo 3]

Hi,

I'm new to this process and have several questions. I intend to post them separately to avoid munging them together -- so please forgive me in advance if this is not the desired protocol.

My questions is:

How do I prove my financial status when filing my I-129F form?

My situation:

I'm a software engineer and have recently left my job in order to build my own software. At the moment I am not employed, but finding a job would not be a problem. I have enough in the bank to cover my expenses for a year while I get my own business off the ground.

Do I need to explain all this in my I-129F form? How should I explain it? What if anything must I send to prove my financial situation?

Thank you,

Sativo

[liefde_overzee 36]

You do not have to prove financials when first filing the I-129. That will be proven when your fiancée had an interview at the embassy with the Affidavit of Support.

[sativo 3]

You do not have to prove financials when first filing the I-129. That will be proven when your fiancée had an interview at the embassy with the Affidavit of Support.

Oh, ok great. At that time what will be needed. Will a copy of a bank statement be enough?

[Penguin_ie 5,993]

As mentioned, financials only become relevant at interview stage.

Income is better; a bank statement of savings MAY be enough, but you will need 3 times as much as income, so around $63'000, is you two have no kids or other dependents. Alternatively, depending on how quick your process goes, you may have your first year's tax returns as a business owner by the time the interview comes around, and can use line 22 of your self-employed tax return to sponsor her.

[sativo 3]

As mentioned, financials only become relevant at interview stage.

Income is better; a bank statement of savings MAY be enough, but you will need 3 times as much as income, so around $63'000, is you two have no kids or other dependents. Alternatively, depending on how quick your process goes, you may have your first year's tax returns as a business owner by the time the interview comes around, and can use line 22 of your self-employed tax return to sponsor her.

Hmm, I definitely won't have the kind of cash nor will have any income from my own business as the first year will mostly be expenses to support the development effort.

Where did you come up with that amount?

Can I just show my last year's tax return?

[Penguin_ie 5,993]

It's based on the I-864: https://www.uscis.gov/i-864p

You cannot use your last year's tax return; while you will need to show that return, the most important is current and ongoing income. Your other option is to get a co-sponsor; a US citizen or greencard holder living in the USA who will stand guarantoor for the immigrant; usually a family member or close friend. But that is a big comittment for that person....

[sativo 3]

It's based on the I-864: https://www.uscis.gov/i-864p

You cannot use your last year's tax return; while you will need to show that return, the most important is current and ongoing income. Your other option is to get a co-sponsor; a US citizen or greencard holder living in the USA who will stand guarantoor for the immigrant; usually a family member or close friend. But that is a big comittment for that person....

I'm only seeing the min requirements for income, not the 3x over min requirements in liquid assets part that you alluded to earlier. Curious where they state that.

Thanks,

Sativo

[Penguin_ie 5,993]

As I said, in the I-864 instructions: https://www.uscis.gov/sites/default/files/files/form/i-864.pdf )p7, at the very top, but it is worth reading the whole form)

[liefde_overzee 36]

Oh, ok great. At that time what will be needed. Will a copy of a bank statement be enough?

From my understanding, you prove you meet the financial requirement (that Penguin linked) with either income, or assets, or both. If you are showing bank statements there are specific instructions listed (statement from bank officer, statements, etc.). You can include previous years tax returns. However, now that you are self-employed you will need to read the instructions on what to include for that. I'm not very familiar with the self-employed requirements, sorry to say. I will tell you what I am doing for the financial. My annual income is 3 times the amount I would need to be at for my household size, so I am using tax returns, w-2's, pay stubs, and a letter from my employer to prove my financial. If my income would've feel short, I would've needed to make up the difference in assets (such as investments, property, savings, etc) If you still come up short in doing those things, you will need a co-sponsor for your fiance. I hope that helps.

[soulstriker 274]

cosign with overzee , the main things to show for financial information is tax returns , bank statements , wage/income transcripts , pay stubs and this is for the interview