Income requirements K1 to AOS

[sweetyouandme 0]

Hello! Our K1 visa got approved at the end of 2016 and the income for 2015 was enough for 100% and 125% poverty level, it a little over even 125%, I showed it at the interview and they were ok. But my fiance's income for 2016 was just $19 000, but for AOS 125% it will be needed to be $20 600...We will probably get married in June, so will send in the documents for AOS in June..Could we also send the new tax reports from 2017? Because he will pay soon the quarterly tax for Jan, Feb, Mar and then maybe also for Apr, May, June..So could we send in the new tax returns for 2017 first 3 or 6 months? Maybe just 3 months if for 6 months not yet possible to pay the tax....Would they look at those-most recent 2017 months or for 2016? He now, in 2017, would pay enough quarter part of tax so that the annual is like for $20 600. He can also show assets for about $10 000 or more and he is an honor student with very good grades, one of the best in the university and will finish school in 2 years, studying financial management. His income for 2015 and 2014 was enough for 125%. How does this look like? Will we get approved for financial requirements for AOS? Thank you!

[Ebunoluwa 6,136]

Are you talking about quarterly estimate payments for 2017 for being self employed ?
That alone will not be enough evidence. He needs to prove current sufficient income with W2, pay stubs, employer

letter if employed and if self employed a projected income ledger with reasons why he projects that amount

along with the estimated tax for 2017.
He can also use a bank letter showing deposits and bank statements.
 

[sweetyouandme 0]

1 hour ago, Ebunoluwa said:

Are you talking about quarterly estimate payments for 2017 for being self employed ?
That alone will not be enough evidence. He needs to prove current sufficient income with W2, pay stubs, employer

letter if employed and if self employed a projected income ledger with reasons why he projects that amount

along with the estimated tax for 2017.
He can also use a bank letter showing deposits and bank statements.
 

Yes, he is self-employed. Could we just show those assets for missing income for 2016 and the projected income for 2017? But assets only for over $8000 would also work, right?

[Ebunoluwa 6,136]

No not for 2016, you need to prove your current income, that is what they want to see.
You prove the current income with :

Estimated tax paid

Projected income business ledger

Bank letter listing the past 12 months deposits

Bank statements showing deposits

A letter of explanation / narrating the current income, pulling it all together (professional state license if he has it)

and stating reasons why he is expecting the projected income (for example been in business for many years, market good etc)
They are looking at line 22 of the tax return from 2016 but the you don't prove 2016 you focus on the current income

and prove that and projected income. I would also submit official tax transcripts that have all complete schedules attached

rather than tax return copies.

 

You can make up the amount you are short with assets but this amount has to be 3 or 5x the difference of the missing amount.
The asset can not be your only car or home you live in. Can't remember right now when to use 3x and when 5 x is required.

 

Or you can just use a co sponsor. They are very picky about income for AOS and especially for the self employed.
Do not take it lightly and research in depth before sending it.

 

 

[sweetyouandme 0]

8 hours ago, Ebunoluwa said:

No not for 2016, you need to prove your current income, that is what they want to see.
You prove the current income with :

Estimated tax paid

Projected income business ledger

Bank letter listing the past 12 months deposits

Bank statements showing deposits

A letter of explanation / narrating the current income, pulling it all together (professional state license if he has it)

and stating reasons why he is expecting the projected income (for example been in business for many years, market good etc)
They are looking at line 22 of the tax return from 2016 but the you don't prove 2016 you focus on the current income

and prove that and projected income. I would also submit official tax transcripts that have all complete schedules attached

rather than tax return copies.

 

You can make up the amount you are short with assets but this amount has to be 3 or 5x the difference of the missing amount.
The asset can not be your only car or home you live in. Can't remember right now when to use 3x and when 5 x is required.

 

Or you can just use a co sponsor. They are very picky about income for AOS and especially for the self employed.
Do not take it lightly and research in depth before sending it.

 

 

Thank you for the answers, I am already doing more research!